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.
The 23rd meeting of the fifth session of the Board of Directors of the Company was held on the afternoon of 20 September 2007 in Fuzhou . All 14 directors eligible for attending the meeting was present, of which Kang Yukun (Director) appointed Gao Jianping (Chairman), and Ba Shusong (Independent Director) appointed Lin Jingyao (Independent Director) as authorized proxies to vote on their behalf. The convening of this meeting complied with the relevant provisions of the Company Law and the Articles of Association of the Company. Two supervisors of the Company's Board of Supervisors attended the meeting without voting rights. The meeting considered and accomplished the Resolution on Nominating Candidates for the Sixth Board of Directors, the Resolution on Adjusting the Setup of Some Committees under the Board of Directors and Amending the Articles of Association, and the Resolution on Changing Registered Capital. The following proposals were considered and approved: the Proposal on Drafting the Regulation Measures on Shares held by the Company's Directors, Supervisors and Senior Management and Relevant Shareholding Changes, and the Proposal on Convening the First Extraordinary General Shareholders' Meeting 2007.
Board of Directors of Industrial Bank Co.,Ltd.
24 September, 2007