The eighth session of the fifth Board of Directors was held in Fuzhou on December 16, 2005. Chairman Gao Jianping presided over the meeting, at which, the Report on Capital Replenishment Progress and Report on Business Performance from January-October in 2005 were heard, while the Proposal on Formulating 2006-2010 Development Strategy, Proposal on Branch Expansion Plan in 2006, Proposal on Stipulating Industrial Bank Investor Relations Management Measures, Proposal on Stipulating Industrial Bank Administrative Measures on Information Disclosure, Proposal on Revising Industrial Bank Administrative Measures on Expenses of Board of Directors and Proposal on Stipulating Industrial Bank Internal Audit Standards were reviewed and approved.