Industrial Bank Co., Ltd

Announcement on the Estimated Improvement in 2008 Interim Results

I. Estimated Results for the Period

1. Period for Estimated Results: January 1, 2008 to June 30, 2008

2. Estimated Results: Based on the preliminary estimations made by the Company, the Company is estimated to realize a net profit growth of more than 70% in the first half of 2008 compared to the same period in the previous year. The specific data will be disclosed in detail in the Company's interim report.

3. This estimated results have not been audited and reviewed by certified public accountants.

II. Results for the Same Period in the Previous Year

1. Net Profit: RMB3,643 million.

2. Basic Earnings per Share: RMB0.75. 

III. Statement of the Reasons for the Growth

In the first half of 2008, businesses in the Company have maintained sound development, interest margins have increased compared to the same period of last year, revenue from intermediary business has increased considerably and asset quality has remained stable.

 

Board of Directors of Industrial Bank Co., Ltd.

July 10, 2008