The Industrial Bank Co., Ltd (the“Company”) and the members of the Board of Directors 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.
1. Estimated results for the reporting period
(1) Period to which the estimated results applied: from 1 January 2007 to 30 June 2007.
(2) Estimated results: according to the preliminary estimation of the Company, the net profit of the first half of 2007 has increased by more than 90% compared to the same period of the previous year. Detailed information will be disclosed in the Interim Report 2007.
(3) The estimated results were not audited and reviewed by certified accountants.
2. Results of the corresponding period of the previous year (adjusted in accordance with the new accounting rules).
(1) Net profit: RMB1,745 million
(2) Earnings per share: RMB0.44
3. Reasons for the estimated improvement in results
In the first half of 2007, the Company achieved healthy development in businesses. Operating income increased rapidly, and operating expenses were under rational control.
4. Other information
The Company issued 1,001 million shares through IPO in the first half of 2007; therefore the Company's total number of shares had reached 5 billion as at 30 June 2007. We kindly remind investors to pay attention to the impact of the above changes.
Board of Directors, Industrial Bank
13 July 2007