All members of the Company's 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 sixth meeting of the fourth session of the Board of Supervisors of the Company issued its meeting notice on June 18, 2008. The meeting was convened in Taiyuan City on June 28, 2008. The number of supervisors eligible to attend the meeting was nine. The number of supervisors that actually attended the meeting was nine (The Chairwoman of the Board of Supervisors Bi Zhonghua represented the supervisors Wu Xiaohui and Zhou Yuhan at the meeting and exercised the voting rights on their behalf on the deliberations). The attendance of the meeting conformed to the relevant provisions of the Company Law of the People's Republic of China and the Articles of Association of the Company.
The Meeting was presided over by the Chairwoman of the Board of Supervisors, Bi Zhonghua. The supervisors deliberated and approved the Auditing Survey Report on Investment Banking by means of a show of hands.
Voting Result: In Favor: 9 votes; In Opposition: 0 votes; Abstention: 0 votes.
The meeting heard Correction Report of 2007 Supervision Notification by China Banking Regulatory Commission, Report on the Compliance Management and Report on Questionnaire on the Performance of Duty of Directors and Senior Management. The supervisors also made a careful review of the 2007 Supervision Notification of Industrial Bank by the China Banking Regulatory Commission and Discussions Material on 2007 Supervision with the Board of Directors and the Board of Supervisors of the Industrial Bank by the Fujian Banking Regulatory Bureau. Based on the actual status of the running of the Industrial Bank, the supervisors required that management respond actively to the changes in the macro economy and financial situation and adhere to the scientific development of business. With strict capital management, the structure of assets and liabilities were required to be further optimized, the foundation for business growth strengthened, market risks of various types effectively guarded against, the accountability management of credit business and the supervision and examination of the Head Office strengthened, the consciousness of compliant operation at all levels improved and internal control and risk management capacity enhanced comprehensively so as to effectively guarantee the sustainable, healthy and orderly development of businesses in the Company.
Board of Supervisors of Industrial Bank Co.,Ltd.
July 1, 2008