Announcement on Resolutions of Eleventh 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 eleventh meeting of the seventh Board of Directors was held during April 19-25, 2012 by means of voting by correspondence. Meeting materials were sent out on April 19. Fifteen directors shall take the vote, and there were fifteen directors taking the vote. 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 following proposals:

I. 2012 Q1 Report. Full text of the Q1 report was released on the website of Shanghai Stock Exchange., China’s Banking Regulatory Commission.

Voting Result: In Favor: 15 votes; In Opposition: 0 vote; Abstention: 0 vote.

2. Proposal on Extending Basic Internal Credit Line to Hang Seng Bank(including Hang Seng Bank (China) Limited). For details of the transaction, please refer to the Company’s announcement on related party transaction.

oting Result: In Favor: 14 votes; In Opposition: 0 vote; Abstention: 0 vote. (Related party director Andrew Fung abstained from the voting).

Board of Directors,

Industrial Bank Co., Ltd.

April 26, 2012