Announcement on Obtaining Approval from CSRC for 2010 Rights Issue Application

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 Industrial Bank Co., Ltd received the approval document ([2010] No. 586 Security Permit) on May 6, 2010 from the China Securities Regulatory Commission to offer 1,000,000,000 rights shares to its existing shareholders. The Board of Directors of the Company will implement said rights issue as soon as possible within the six month period of validity in accordance with said approval document.

Board of Directors
Industrial Bank Co., Ltd
May 7, 2010