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 meeting notice for the ninth meeting of the sixth Board of Directors of the Industrial Bank Co., Ltd was issued on June 6, 2008. The meeting was convened in Fuzhou on June 28, 2008 . The number of directors eligible to attend the meeting was 15. The number of directors that actually attended the meeting was 15 (Independent Director Wang Guogang was authorized by Independent Director Deng Liping to exercise voting rights on the deliberations in this meeting on his behalf). Meeting attendance conformed to the relevant provisions of the Company Law of the People's Republic of China and the Articles of Association. S even supervisors from the Company's Board of Supervisors attended the meeting as delegates without voting rights.
This Meeting was presided over by Gao Jianping, Chairman of the Board of Directors of the Industrial Bank. Fifteen motions as follows were reviewed and adopted upon a show of hands.
I. 2007 Annual Work Report of the Executive Committee of the Board of Directors
Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.
II. 2007 Annual Work Report of the Risk Management Committee of the Board of Directors
Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.
III. 2007 Annual Work Report of the Audit and Related Party Transaction Control Committee of the Board of Directors
Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.
IV. 2007 Annual Work Report of the Nomination Committee of the Board of Directors
Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.
V. 2007 Annual Work Report of the Remuneration and Appraisal Committee of the Board of Directors
Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.
VI. Motions on Formulating Compliance Management System
Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.
VII. Motion on Formulating Administrative Measures on External Equity Investment.
These Measures are to be submitted to the General Shareholders'' Meeting for deliberation and approval. The full text of its draft can be found on the website of the Shanghai Stock Exchange ( www.sse.com.cn )
Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.
VIII. Motion on Formulating Regulations of Risk Tolerances Indicators
Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.
IX. Motion on Formulating Measure of the Purchase of Offices for Operational Purpose
Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.
X. Motion on Guangzhou Branch's Acquiring of Office for Operational Purposes.
Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.
XI. 2008 Budget Scheme of Writing-off Bad Debts.
Voting Result: In Favor: 15 votes; In Opposition: 0 votes; Abstention: 0 votes.
XII. Motion on Applying for Adopting the Equator Principles.
Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.
XIII. 2007 Allocation Plan of Performance Pay for Senior Managers.
Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.
XIV. Motion on Adding Buy-back Credit Transfer Dealings in the Line of Credit Granted to COFCO.
Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.
XV. Motion on the Deliberative Procedures for Periodic Reports
Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.
Board of Directors, Industrial Bank Co., Ltd.
July 1, 2008