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.
Recently, the Company received a letter from its largest shareholder, the Finance Bureau of Fujian Province, regarding its commitment to subscribe to shares of placement of the Industrial Bank. In view that the 19th Meeting of the sixth Board of Directors deliberated, approved and published the proposal for rights issue, the Finance Bureau of Fujian Province has committed to subscribe for shares offered according to the said proposal in proportion to its current shareholding. Such commitment can only be executed once the proposal for rights issue has been approved by the General Shareholders’ Meeting and relative national authorities.
Board of Directors
Industrial Bank Co., Ltd.
December 3, 2009