The Industrial Bank Co., Ltd (the “Company”) and all members of the Board of Supervisors hereby warrant that the information contained in this announcement is true, accurate and complete, and assume joint and several liabilities for any false representation, misleading statement or material omission.
The nineteenth meeting of the fifth Board of Directors of Industrial Bank Co., Ltd. was held in Fuzhou on March 26, 2007. The number of directors eligible for attending the meeting was 14. The actual number of directors that attended the meeting was 14(among them, Independent Director Gu Gongyun entrusted Independent Director Wang Guogang to exercise his voting right on his behalf on matters to be deliberated in the meeting). Seven Supervisors from the Bank's Board of Supervisors attended the meeting as non-voting delegates. Thus the meeting complied with the relevant regulations of the Company Law of the People's Republic of China and the Articles of Association of the Bank.
The following motions were deliberated on and approved in the meeting:
2006 Work Report of Board of Directors, 2006 Work Report of President of the Bank, 2006 Evaluation Report on Performance of Directors' Duties, 2006 Annual Report (full text and abstract), 2006 Report on Final Financial Accounts & 2007 Financial Budget Scheme, 2006 Profit Distribution Plan, Resolution on Appointment of Public Accounting Firms for 2007, Resolution on Amendment of Administrative Regulations on Information Disclosure of Industrial Bank Co., Ltd, and Resolution on Convening the 2006 Annual General Shareholder's Meeting. Resolutions I, III, IV, V, VI, VII and VII are subject to the deliberation and approval of the shareholders' meeting.
Board of Directors
Industrial Bank Co., Ltd.
March 28, 2007