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.
The Company's 2007 first extraordinary general shareholders' meeting was held on the morning of 19 October 2007 in Fuzhou . 37 shareholders and proxies attended the meeting, representing an aggregate of 3,250,294,909 voting shares, which accounted for 65.01% of the Company's total 5 billion shares. The convening of this meeting complied with the relevant provisions of the Company Law and the Articles of Association of the Company. Grandall Legal Group( Shanghai ) witnessed on-site the meeting.
The meeting was presided by Mr. Gao Jianping, Chairman of the Company. The following five proposals were reviewed and approved through open ballot voting: the Proposal on Electing Directors of the Sixth Board of Directors, the Proposal on Electing Spervisors of the Fourth Board of Supervisors, the Proposal on Adjusting the Setup of Some Committees under the Board of Directors and Amending the Articles of Association, the Proposal on Issuing Financial Bonds, and the Proposal on Changing Registered Capital.
Grandall Legal Group (Shanghai) witnessed on-site the legitimacy and validity of convocation procedures of the meeting, present shareholders' qualification, proposal and voting procedures, and issued a legal opinion letter.
Board of Directors, Industrial Bank
22 October, 2007