ANNOUNCEMENT ON RESOLUTION OF 2006 FIRST EXTRAORDINARY GENERAL
SHAREHOLDERS’ MEETING
The 2006 first extraordinary general shareholders’ meeting of
Industrial Bank Co., Ltd. was held on the morning of October 17, 2006 in Fuzhou. 73 shareholders
attended the meeting, holding an aggregate of 3,770,639,182 shares which represented 94.29% of the
Bank’s total 3.999 billion shares.
The meeting was chaired by Mr. Gao Jianping, Chairman of the Bank. The
Proposal on Issuing Subordinated Debts was reviewed and approved through open ballot voting. The
voting result was as follows: 3,730,639,182 shares voted in favor, 4000 shares against and 0 shares
abstained. The meeting also listened to Report on Relevant Rectification Taken Based on CBRC’s
Annual Regulatory Report 2005 on Industrial Bank.
Beijing King & Wood PRC Lawyers witnessed on-site the legitimacy
and validity of convocation procedures of the meeting.