Stock Abbreviation: Industrial Bank                 Stock Code: 601166                 No: Lin 2009-23

Industrial Bank Co., Ltd

Announcement on Resolution of the 18th Meeting of the 6th Board of Directors

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 18th meeting of the 6th Board of Directors of the Industrial Bank Co., Ltd. was convened by means of correspondence from October 18-30, 2009. The meeting documents were sent out on October 25. The number of directors required to participate in the vote was 14. The number of directors that actually participated in the vote was 14. 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 deliberated on and adopted the following proposals:

1. Third Quarter Report 2009; The full text of the report is available on the website of the Shanghai Stock Exchange.

Voting Result: In Favor: 14 votes; In Opposition: 0 votes; Abstention: 0 votes.

2. Proposal Regarding Disposal of Settled-assets of Industrial Securities. It was agreed that the settled assets of 120,640,000 shares in the Industrial Securities Co., Ltd. held by the Fuzhou and Xiamen Branches of the Company will be transferred to the Fujian Provincial Department of Finance, the largest shareholder of the Company. The transaction was a related party transaction, therefore, the related directors, Gao Jianping and Liao Shizhong, refrained from voting on this proposal.

Voting Result: In Favor: 14 votes; In Opposition: 0 votes; Abstention: 1 votes. (Director Li Xiaochun abstained)

The Board of Directors

Industrial Bank Co., Ltd.

October 31, 2009