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.
I. Important Notes
No opinion of the Shanghai Stock Exchange (SSE) or other governmental agency in regard to the listing of the Company’s shares and matters related thereto shall constitute any guarantee to the Company.
The Company and the sponsor hereby remind investors to refer to the full text of the Prospectus on Rights Issue and other documents on the website of the Shanghai Stock Exchange (http://www.sse.com.cn) for any information which is not covered in this announcement.
In accordance with the Securities Law of the People’s Republic of China, the Finance Department of Fujian Province and Hang Seng Bank Limited, which hold a stake of more than 5% in the Company, undertake that they will not sell the Company’s shares for a period of six months following the listing date of the newly offered shares; if these parties should reduce their holding, the gains thereof shall be retained by the Company. In accordance with the Article 47 of the Securities Law, if the directors, supervisors and senior management members of the Company involved inthis rights issue sell their shares within six months after the listing date of the rights shares, the returns thereof shall be retained by the Company. Any change of shares held by the directors, supervisors and senior management members of the Company shall be treated in accordance with the Rules on the Management of Shares Held by the Directors, Supervisors and Senior Management Members of Listed Companies and the Changes Thereof.
The currency mentioned in the announcement is RMB.
II. Information on Share Listing
The announcement was prepared in accordance with the Company Law of the People’s Republic of China, the Securities Law of the People’s Republic of China, the Administrative Measures for the Issuance of Securities by Listed Companies and the Rules of Shanghai Stock Exchange on Share Listing and other applicable laws, rules and regulations.
The rights issue has been approved by the China Securities Regulatory Commission with the Securities Permit [2010] No. 586.
As permitted by SSE, the total 992,450,630 RMB-dominated ordinary rights shares will be listed for trading starting from June 8, 2010. The rights shares will appear in investors’ accounts prior to the listing for trading. Investors are reminded to confirm receipt thereof.
Information on listing of the rights shares is as follows:
1. Listing place: Shanghai Stock Exchange
2. Listing time of newly issued shares: June 8, 2010
3. Stock abbreviation: Industrial Bank
4. Stock code: 601166
5. The number of total shares after this issuance: 5,992,450,630 shares
6. The number of newly issued shares is 992,450,630 shares, all of which don’t have sale restriction and are free to float.
7. Circulation restriction and term on shares held by shareholders prior to the rights issue: all IB’s shares are free to be traded and don’t have any sale restriction
8. Stock registry: China Securities Depository & Clearing Corp. Ltd. Shanghai Branch
9. Listing sponsor: Credit Suisse Founder Securities Limited
III. Information of the issuer, shareholders and actual controller
1. Basic information of the issuer
Company name: Industrial Bank Co., Ltd.
Stock code: 601166
Legal representative: Gao Jianping
Secretary to the Board of Directors: Tang Bin
Registration address: 154 Hudong Road, Fuzhou, Fujian Province
Postal code: 350003
Tel: 0591-87839338
Fax: 0591-87871269
Website: http://www.cib.com.cn
The Issuer’s business scope: deposits taking; provision of short-term, medium-term and long-term loans; local and international payment and settlement; bills acceptance and discounting; issuing of financial bonds; agency issuing, agency cashing and underwriting of government bonds; trading of government bonds and financial bonds; dealings of derivative products of financial institutions (excluding derivative products related to stock and commodities); custody of securities investment fund and social securities fund; inter-bank borrowing and lending; trading or agency trading of foreign exchange; settlement and sales of foreign currencies; bank card business; L/C services and guarantee; agency collections and payments; safe-box services; and other banking activities approved by the China's Banking Regulatory Commission (CBRC).
2. Shareholding of the Company’s directors, supervisors and senior management members
As of June 1, 2010, the shareholding of the Company’s directors, supervisors and senior management members were as follows:
| Name | Position | Number of shares held prior to the rights issue （May 24, 2010） | Number of shares held after the rights issue （June 1, 2010） |
| Gao Jianping | Chairman | 0 | 0 |
| Liao Shizhong | Director | 0 | 0 |
| Andrew Fung | Director | 0 | 0 |
| Chua Phuay Hee | Director | 0 | 0 |
| John Law | Director | 0 | 0 |
| Li Xiaochun | Director | 0 | 0 |
| Li Renjie | Director, President | 0 | 0 |
| Kang Yukun | Director, Vice President | 0 | 0 |
| Chen Dekang | Director, Vice President | 0 | 0 |
| Tang Bin | Director, Secretary to the Board of Directors | 0 | 0 |
| Wang Guogang | Independent Director | 0 | 0 |
| Ba Shusong | Independent Director | 0 | 0 |
| Deng Liping | Independent Director | 0 | 0 |
| Xu Bin | Independent Director | 0 | 0 |
| Lim Peng Khoon | Independent Director | 0 | 0 |
| Bi Zhonghua | Chairwoman of the Board of Supervisors | 0 | 0 |
| Wu Xiaohui | Supervisor | 0 | 0 |
| Chen Xiaohong | Supervisor | 0 | 0 |
| Deng Weili | Supervisor | 0 | 0 |
| Zhou Yuhan | Supervisor | 0 | 0 |
| Lai Furong | Supervisor | 0 | 0 |
| Hua Bing | Supervisor | 0 | 0 |
| Li Shuang | External Supervisor | 0 | 0 |
| Wu Shinong | External Supervisor | 0 | 0 |
| Jiang Yunming | Vice President | 0 | 0 |
| Lin Zhangyi | Vice President | 0 | 0 |
| Share type | Before rights issue | Share increase in the rights issue | After rights issue | ||
| Number(share) | Percentage (%) | Number(share) | Percentage (%) | ||
| I. Shares with sale restriction | |||||
| 1. State-owned shares | 0 | 0 | 0 | 0 | 0 |
| 2. State legal person shares | 0 | 0 | 0 | 0 | 0 |
| Total number of shares with sale restriction | 0 | 0 | 0 | 0 | 0 |
| II. Shares without sale restriction | |||||
| A shares | 5,000,000,000 | 100 | 992,450,630 | 5,992,450,630 | 100 |
| Total number of shares without sale restriction | 5,000,000,000 | 100 | 992,450,630 | 5,992,450,630 | 100 |
| III. Number of total shares | 5,000,000,000 | 100 | 992,450,630 | 5,992,450,630 | 100 |
| Number of shares(share) | Percentage in the total share capital (%) | ||
| 1 | Finance Bureau of Fujian Province | 1,248,064,359 | 20.83 |
| 2 | Hang Seng Bank Limited | 766,908,000 | 12.80 |
| 3 | Tetrad Ventures Pte Ltd | 229,680,000 | 3.83 |
| 4 | COFCO Limited | 166,180,465 | 2.77 |
| 5 | Fujian Tobacco Haisheng Investment Management Co., Ltd. | 160,000,000 | 2.67 |
| 6 | GF Jufeng Securities Investment Fund | 84,959,956 | 1.42 |
| 7 | Longyan Municipal Finance Bureau of Fujian Province | 84,000,000 | 1.40 |
| 7 | China Tobacco Hunan Industrial Co., Ltd. | 84,000,000 | 1.40 |
| 9 | E Fund SSE50 Index Securities Investment Fund | 82,769,889 | 1.38 |
| 10 | Inner-Mongolia Xishui Venture Co., Ltd. | 80,679,060 | 1.35 |
Issuer: Industrial Bank Co., Ltd