Industrial Bank Co., Ltd.
Announcement on Resolutions of the 20th Meeting of Sixth Board of Directors
The Company and the 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 Company issued the notice to convene the 20th meeting of the sixth Board of Directors on 23 December, 2009 and held the meeting on 8 January, 2010 in Shanghai. 13 directors should attend the meeting and there were 13 directors in fact present (director Chua Phuay Hee authorized Chairman Gao Jianping to vote on his behalf). The convening of the meeting complied with the Company Law and the Articles of Association of the Company. 6 supervisors attended the meeting without voting right.
The meeting was presided over by Chairman Gao Jianping. The following proposal were reviewed and approved in the meeting and became resolutions.
I. Proposal on Appointing Mr. Jiang Yunming as Vice President. The Board of Directors agreed to appoint Mr. Jiang Yunming as Vice President of the Company. The background of Mr. Jiang Yunming is as follows:
Jiang Yunming, male, was born in October 1965. He started his career in July 1987. He has a bachelor degree, a master degree and a senior economist certificate. He has served previously as Head of Securities Issuance Department of the Fujian Industrial Bank, Assistant General Manager and Manager of the Investment Banking Department of the Fujian Industrial Securities, Vice General Manager of the Office of the Fujian Industrial Bank, General Manager of the Secretariat of the Board of Directors and Vice General Manger of the Office of the Fujian Industrial Bank, General Manager of the Office of the Fujian Industrial Bank, and currently as General Secretary of the Communist Party Commission and President of the Beijing Branch of the Industrial Bank.
Voting result: 13 votes in favor, 0 votes in opposition, and 0 abstention votes.
II. Proposal on Appointing Mr. Lin Zhangyi as Vice President. The Board of Directors agreed to appoint Mr. Lin Zhangyi as Vice President of the Company. The background of Mr. Lin Zhangyi is as follows:
Mr. Lin Zhangyi, male, was born in September 1971. He started his career in August 1992. He has a bachelor degree, a master degree and a senior economist certificate. He has served previously as Vice Head (in charge of overall management) of Fuqing Sub-Branch of Fuzhou Branch of the Fujian Industrial Bank, President Assistant and General Manager of Human Resources and Education Department of Fuzhou Branch of Fujian Industrial Bank, Vice President of Fuzhou Branch of Fujian Industrial Bank, Vice President of Shanghai Branch of Fujian Industrial Bank, Member of Communist Party Commission, Vice President of Shanghai Branch of Fujian Industrial Bank, and currently as General Manager of the Office of Industrial Bank Head Office.
Voting result: 13 votes in favor, 0 votes in opposition, and 0 abstention votes.
III. Proposal on Nominating Mr. Tang Bin as Director Candidate of the Sixth Board of Directors. The Board of Directors agreed to nominate Mr. Tang Bin as director candidate of the sixth Board of Directors. The nomination still needs to be submitted to the General Shareholders’ Meeting for election, and is pending for the final verification by the Fujian Bureau of China Banking Regulatory Commission. The background of Mr. Tang Bin is as follows:
Tang Bin, male, was born in February 1957. He started his career in February 1973. He has a bachelor degree, MBA and a senior economist certificate. He has served previously as Vice Director of Trade Statistics Division of Fujian Provincial Statistics Bureau, Vice Director of Comprehensive Planning Division and Assignment System Division of Fujian Provincial System Reform Committee, Director of Assignment System Division of Fujian Provincial System Reform Committee, General Manager of the Office of Fujian Industrial Bank, General Manager of Business Development of Fujian Industrial Bank, General Manager of Corporate Finance Department of Fujian Industrial Bank, General Manager of the Office to the Board of Directors of Fujian Industrial Bank, Secretary to the Board of Directors and General Manager of the Office to the Board of Directors of Industrial Bank, and currently as Secretary to the Board of Directors of Industrial Bank.
Voting result: 13 votes in favor, 0 votes in opposition, and 0 abstention votes.
IV. Proposal on Formulating the 2010 Network Development Plan. Voting result: 13 votes in favor, 0 votes in opposition, and 0 abstention votes.
V. Proposal on Launching the Formulation of 2011-2015 Development Plan. The year 2010 is the final year in implementing the 2006-2010 Development Plan, and the Board of Directors agreed to launch and complete the formulation of 2011-2015 Development Plan in 2010 to ensure consistency of relevant planning work.
Voting result: 13 votes in favor, 0 votes in opposition, and 0 abstention votes.
VI. Opinions on Further Reinforcing the Construction of the Board of Directors. Voting result: 13 votes in favor, 0 votes in opposition, and 0 abstention votes.
The meeting also listened to the Report on Implementation of Risk Management Strategy and Relevant Risk Management Situation, and Report on Strengthening Internal Control Management and Case Prevention and Improving IT Support for Risk Management.
Board of Directors
Industrial Bank Co., Ltd.
January 12, 2010