Announcement on Resolutions of the 23rd Meeting of the Sixth Board of Directors

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 sixth Board of Directors of the Industrial Bank Co., Ltd. was convened by means of voting by correspondence from March 30, 2010 to April 2, 2010. The meeting documents were sent out on March 30. 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 Proposal of Proportion and Quantity of Rights Issue. According to the authorization granted by the Proposal on Requesting the General Shareholders’ Meeting to Authorize the Board of Directors to Handle Specific Matters Regarding the Rights Issue as passed during the 2009 First Extraordinary General Shareholder’s Meeting, the Board of Directors agrees to offer new shares at a proportion of 2 shares for every 10 shares to all shareholders of the company who are registered with the Shanghai Office of China Securities Depository and Clearing Company Limited after the close of trading on the date of record. The quantity will be determined on the basis of the total share capital of A shares on the date of record.   As of March 30, 2010, the total share capital of the Company’s A shares was 5,000,000,000, and the corresponding number of new shares in the rights is 1,000,000,000.
Voting Results: 14 votes in favor; 0 votes in opposition; and 0 abstention votes

Board of Directors
Industrial Bank Co., Ltd.
April 2, 2010