Announcement on Gaining Approval for Shares Transfer

between Shareholders

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 China’s Banking Regulatory Commission has approved the transfer of 21.6 million shares from Fujian Investment Enterprise Group Company to the Finance Bureau of Fujian Province (For details, please refer to the announcement dated July 13, 2011 ). The two parties will carry out transfer registration procedures according to relevant rules. After the transfer, the Finance Bureau of Fujian Province will hold a total of 22,268,115,846 shares of the Company, which accounts for 21.03% of the Company’s total share capital.  

Board of the Directors,

Industrial Bank Co., Ltd.

November 11, 2011