Announcement on Ninth Meeting of the Fifth Board of Supervisors
All members of the Company’s 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 ninth meeting of the fifth Board of Supervisors was convened in Fuzhou on 16 March, 2012. Nine supervisors were required to attend the meeting, and the number of supervisors that actually attended the meeting was nine. (Supervisor Li Zhaoming entrusted Chairwoman of the Board of Supervisors Bi Zhonghua to exercise voting rights on his behalf). The meeting was convened in compliance with the provisions of the Company Law of the People’s Republic of China and the Articles of Associations of the Company.
The meeting was presided over by Chairwoman Bi Zhonghua. The following proposals were reviewed and adopted as resolutions at the meeting. The meeting also listened to the report made by Deloitte Touche Tohmatsu Certified Public Accountants Ltd. on 2011 annual report auditing.
1. 2011 working report of the Board of Supervisors
Voting Results: 9 votes in favor; 0 vote in opposition; 0 abstention
2. Appraisal report on supervisor duty performance in 2011
Voting Results: 9 votes in favor; 0 vote in opposition; 0 abstention
3. Appraisal report on director, senior management duty performance in 2011
Voting Results: 9 votes in favor; 0 vote in opposition; 0 abstention
4. 2011 working report of the Supervision Committee of the Board of Supervisors
Voting Results: 9 votes in favor; 0 vote in opposition; 0 abstention
5. 2011 working report of the Nomination, Remuneration and Evaluation Committee
Voting Results: 9 votes in favor; 0 vote in opposition; 0 abstention
6. 2011 operation results and final financial report
Voting Results: 9 votes in favor; 0 vote in opposition; 0 abstention
7. Annual Report 2011 and Abstract. All supervisors considered that (1) The preparation and reviewing process of the Company’s Annual Report 2011 is in compliance with law, rules, Articles of Association and internal regulations of the Company. (2) The content and format of the annual report is in compliance with relevant requirements of CSRC and Stock Exchange, information contained in the annual report can truly reflect the Company’s operating management and financial position. (3) The information disclosed in the annual report is free of any false representation, misleading statement or material omission. No behavior violating secrecy rules or infringing the Company’s interests in the process of annual report preparation was found.
Voting Results: 9 votes in favor; 0 vote in opposition; 0 abstention
8. 2011 self-assessment report on internal control of the Board of Directors
Voting Results: 9 votes in favor; 0 vote in opposition; 0 abstention
9. 2012 working plan of the Board of Supervisors
Voting Results: 9 votes in favor; 0 vote in opposition; 0 abstention
The above proposals 1, 2, 3 and 7 are subject to submission to the General Shareholders’ Meeting for review and approval.
Board of Supervisors
Industrial Bank Co., Ltd.
March 20, 2012