Announcement on Resolutions of the Fifth Meeting of
Seventh 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 notice of the fifth meeting of the seventh Board of Directors of Industrial Bank was issued on 22 June, 2011 and was convened in Xi’an on 8 July, 2011. 15 directors were required to attend the meeting, and the number of directors that actually attended the meeting was 15. The meeting was convened in compliance with provisions of the Company Law of the People’s Republic of China and the Articles of Associations of the Company. Six supervisors of the Board of Supervisors attended the meeting as observers.

The meeting was presided over by Chairman Gao Jianping. The following proposals were reviewed and approved at the meeting:

1.Proposal on Increasing Stake in China Industrial International Trust Limited. The Board agreed to increase its stake at the price of RMB3.26 per share in China Industrial International Trust Limited in proportion to its current shareholding, and the fund used to increase the shareholding will beno more than RMB 2 billion.

Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.

2.Proposal on Increasing Stake in Industrial Bank Financial Leasing Co., Ltd. The Board agreed to increase its stake in the fully-owned subsidiary Industrial Bank Financial Leasing Co., Ltd. by RMB 3 billion, of which, RMB 1.5 billion will be put in place in 2011 and RMB 1.5 billion in 2012 provided that the Company meets its capital management requirement.

Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.

3.Self Assessment Report on Special Campaign on Standardization of Financial Accounting Fundamental Work

Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.

4.Proposal on Building a Fuzhou Headquarters Mansion in Fuzhou. The Board agreed to build a Fuzhou headquarters mansion in the Fuzhou Strait Financial Street Planning Area with a budget of RMB 1.520 billion, and the Board also authorized the Company’s management to review and determine the investment budget and construction area within acceptable error margin (10%).

Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.

5.Proposal on Increasing Purchase Budget of Beijing Industrial Building. The Board agreed to increase the purchase budget of Beijing Industrial Building by RMB 1010924.7 thousand, and authorized the management to review and determine the investment budget and construction area within acceptable error margin (10%).

Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.

6.Proposal on Formulating Country Risk Management Measures.    

Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.

7.2010 Capital Management and 2011 Capital Management Plan. The Board listened to the report on capital management in 2010, and required the Company to further strengthen the capital management and enhance the return on risk assets.

Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.

The Board also listened to the 2011-2015 Development Plan Outline at the meeting.

Board of Directors,

Industrial Bank Co., Ltd.

July 12, 2011