Announcement on Obtaining Approval to Issue Special
Bonds for Small
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 has recently received the approval from the China’s Banking Regulatory Commission and the People’s Bank of China on issuing special bonds for small enterprise loans. According to the Reply from the China’s Banking Regulatory Commission on Approving the Industrial Bank to Issue Financial Bonds (YJF[2011]No.464) and the People’s Bank of China’s Administrative Permit Letter(YSCXZYZ[2011]No.115), the Company has been approved to issue up to RMB30 billion financial bonds in the national inter-bank bond market, with all the raised funds being used to lend to small enterprises.
The Company will carry out the bond issuing management and information disclosure in accordance with the Operational Procedures for Issuing Financial Bonds in the National Interbank Bond Market. After the issue, the financial bonds will be traded and circulated in the national interbank bond market in accordance with relevant rule and regulations.
Board of Directors,
Industrial Bank Co., Ltd.
December 19, 2011