Announcement on Resolutions of the Sixth 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 sixth meeting of the seventh Board of Directors was held during July 13-18, 2011 by means of voting by correspondence. Meeting materials were sent out on July 13. Thirteen directors shall take the vote, and there were 13 directors taking the vote. Related directors, Chairman Gao Jianping and Director Liao Shizhong, abstained from voting. The meeting is in compliance with provisions of the Company Law of the People’s Republic of China and the Articles of Associations of the Company.  

The Board reviewed and approved the Proposal on Shareholding Change of the Company’s Shareholder Finance Bureau of Fujian Province at the meeting. The Board agreed Fujian Investment Enterprise Group to transfer its 21.6 million shares of the Company gratuitously to Finance Bureau of Fujian Province. Voting Result: In Favor: 13 votes; In Opposition: 0 vote; Abstention: 0 vote. The share transfer is still subject to approval from China’s Banking Regulatory Commission.

Board of Directors,

Industrial Bank Co., Ltd.

July 19, 2011