The Industrial Bank Co., Ltd (the“Company”) and all 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.
Pursuant to an “Approval and Reply in relation to the Opening of Dalian Branch of Industrial Bank Co., Ltd.” (Da Yin Jian Fu[2007] No.281) issued by the Dalian Regulatory Bureau of China Banking Regulatory Commission, the Company's Dalian Branch has been given approval to commence business. The Dalian Branch will be opened on an appropriate date after the completion of the relevant procedures in accordance with the requirements.
Board of Directors of Industrial Bank Co.,Ltd.
August 2, 2007