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 first meeting of the sixth Board of Directors of the Industrial Bank was convened in Fuzhou on the afternoon of October 19, 2007. The number of directors eligible to attend the meeting was 15. The number of directors that actually attended the meeting was 15 (Director Chua Phuay Hee authorized Director John Law, Director Huang Kongwei authorized Director Gao Jianping and Independent Director Ba Shusong authorized Independent Director Wang Guogang to exercise voting rights on the deliberations in this meeting on their behalf). The meeting attendance conformed to the relevant provisions of the Company Law of the People's Republic of China and the Articles of Association. Eight Supervisors from the Company's Board of Supervisors attended the meeting as non voting delegates. The following resolutions were passed at the meeting:
I. Resolution Concerning the Election of Mr. Gao Jianping as Chairman of the Sixth Board of Directors.
Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.
II. Resolution on the Committee Member Composition for Committees under the Sixth Board of Directors
Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.
III. Resolution Concerning the Appointment of Li Renjie as President of the Bank.
Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.
IV. Resolution Concerning the Appointment of Kang Yukun and Chen Dekang as Vice Presidents of the Bank.
Voting Result: In Favor: 15 votes; In Opposition: 0 votes; Abstention: 0 votes.
V. Resolution Concerning the Appointment of Tang Bin as Secretary to the Sixth Board of Directors
Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.
VI. Resolution Concerning the Formulation of the Regulations on the Subsidies of Independent Directors of the Industrial Bank
Voting Result: In Favor: 10 votes; In Opposition: 0 vote; Abstention: 0 vote.
The five Independent Directors related to the motion avoided the vote.
Board of Directors
Industrial Bank Co., Ltd.
October 23, 2007