09:44     FUSHAN HOLDINGS<00639> - Announcement (1)                           

    The Stock Exchange of Hong Kong Limited takes no                          
    responsibility for the contents of this announcement,                     
    makes no representation as to its accuracy or                             
    completeness and expressly disclaims any liability                        
    whatsoever for any loss howsoever arising from or in                      
    reliance upon the whole or any part of the contents                       
    of this announcement.                                                     
                                                                              
    *                                                                         
    FUSHAN HOLDINGS LIMITED                                                   
    (Incorporated in Hong Kong with limited liability                         
    under the Hong Kong Companies Ordinance)                                  
    (Stock Code: 639)                                                         
                                                                              
    PROPOSED CHANGE OF COMPANY NAME                                           
                                                                              
    The board of directors (the "Board") of Fushan                            
    Holdings Limited (the "Company") has proposed that                        
    the name of the Company be changed to "Fushan                             
    International Energy Group Limited" in English and                        
    "*" in Chinese with effect from                                           
    the date of the Certificate of Incorporation on Change                    
    of Name and that such proposal be approved by way of                      
    special resolution at the forthcoming Annual General                      
    Meeting of the shareholders of the Company (the                           
    "Shareholders") to be held on 17 June 2005 (the                           
    "AGM").                                                                   
                                                                              
    A circular containing, among other things, details                        
    of the proposed change of name of the Company,                            
    together with the 2004 Annual Report, a notice                            
    convening the AGM and the proxy form, will be                             
    despatched to the Shareholders as soon as                                 
    practicable.                                                              
                                                                              
    The Board announces that it has resolved to submit                        
    a proposal on the change of name of the Company from                      
    "Fushan Holdings Limited" in English and "*" in Chinese to "Fushan        
    International Energy Group Limited" in English and "*" in Chinese to the  
    Shareholders for approval at the forthcoming AGM to be held at the Plaza  
    IV, Lower Lobby, Novotel Century Hong Kong, 238 Jaffe Road, Wanchai,      
    Hong Kong, on Friday, 17 June 2005 at 3:00 p.m.                           
                                                                              
    The proposed change of name of the Company is to                          
    reflect that the current principal activities of the                      
    Group are production and sales of coking coal products                    
    and side products, acting as an agent in the coal                         
    business besides jewellery sales. As a result of the                      
    change in the Company's major business to the coal                        
    business, the Board considers that the proposed new                       
    name will better reflect current principal activities                     
    of the Group.                                                             
                                                                              
    The proposed change of name of the Company is                             
    conditional upon (i) the passing of a special                             
    resolution by the Shareholders approving the change                       
    of name of the Company at the AGM; and (ii) the approval                  
    by the Companies Registry in Hong Kong ("the Companies                    
    Registry"). The change of name of the Company shall                       
    take effect from the date of the Certificate of                           
    Incorporation on Change of Name to be issued by the                       
    Companies Registry which is expected to be issued in                      
    six business days after filing the necessary                              
    documents to the Companies Registry upon approval at                      
    the AGM.                                                                  
                                                                              
    Subject to the change of name of the Company becoming                     
    effective, the Shareholders may, during a specified                       
    period of not less than 30 days, submit their existing                    
    share certificates for the Shares to the Company's                        
    share registrars, Tengis Limited at Ground Floor,                         
    Bank of East Asia Harbour View Centre,