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.
In regard to the transfer of 20,053,632 shares of the Company held by the Fujian Huaxing Group Ltd. to the Finance Bureau of Fujian Province (please refer to the announcements released on July 23 and November 18, 2008), relevant transfer procedures have been completed. After the transfer, the Finance Bureau of Fujian Province holds 1,040,053,632 shares in total, representing a stake of 20.80%.
Board of Directors of Industrial Bank Co., Ltd.
December 30, 2008