Announcement on a Shareholder of the Company
Obtaining Approval to Transfer Shares

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 Company received a notice from its largest shareholder, Finance Bureau of Fujian Province recently. The notice states as follows: As approved by the State-owned Assets Supervision and Administration Commission of the State Council with Document (2011) No. 285, a total of 21.60 million shares of the Company held by Fujian Investment Group (Fujian Investment Group originally held 12 million shares of the Company during application period. The Company offered 8 bonus shares converted from capital surplus for every ten shares in May 2011, thus the shareholding of Fujian Investment Group increased to 21.60 million shares accordingly) will be transferred gratuitously to Finance Bureau of Fujian Province. After the transfer, Finance Bureau of Fujian Province will hold a total of 2268115846 shares of the Company, 21.03% of the Company’s total share capital. The gratuitous transfer is still subject to approval by China’s Banking Regulatory Commission.

Board of Directors

Industrial Bank Co., Ltd.

July 13, 2011