Announcement on Resolutions of the Eighth Meeting of the

Fifth Board of Supervisors

All members of the Board of Supervisors hereby warrant the authenticity, accuracy and integrity of this Announcement, and shall bear joint responsibility for any false or misleading statements or material omissions contained in this announcement.

The Company’s fifth Board of Supervisors held its eighth meeting in Guangzhou on December 16, 2011. Nine supervisors should attend the meeting, and nine supervisors were in fact present at the meeting (Supervisor Xiaohui WU and Supervisor Guogang WANG entrusted Zhonghua BI, Chairwoman of the Board of Supervisors and Supervisor Yeliang ZHOU to attend the meeting and vote on their behalves). The convening of the meeting was in compliance with the Corporate Law of PRC and the Company’s Articles of Association.

Presided by Chairwoman Zhonghua BI, the meeting reviewed and approved the Audit Investigation Report on Internal Control Management of Non-local Branches and Sub-branches. Voting results: In Favor: 9 votes; In Opposition: 0 vote; Abstention: 0 vote.

The meeting also discussed the Thoughts on Board of Supervisors Work in 2012.

Board of Supervisors,

Industrial Bank Co., Ltd.

December 19, 2011