Industrial Bank Co., Ltd.
Announcement on Resolutions of the 13th
Session of the 7th Board of Directors
The Company and all the members of the board of directors warrant the truthfulness, accuracy and completeness of the announcement and will bear the joint and several liabilities for any false record, misleading statement or major omission in the announcement.
The 13th session of the 7th board of directors of Industrial Bank Co., Ltd. sent the notice on July 30, 2012, and was held in Tianjin on August 8. All the 15 directors who should be present attended the session, which met relevant provisions of the Company Law of the People’s Republic of China and the articles of incorporation. All the three supervisors of the Company’s Board of Supervisors attended the session.
Presided over by Board Chairman Gao Jianping, the session approved the following proposals and made the following resolutions:
I. Proposal on purchasing business office building at Lujiazui Central Financial District of Shanghai. The session approved the Company to purchase a business office building at Lujiazui Central Financial District of Shanghai, with the total budget being controlled within RMB 5 billion. Under the precondition that it is deliberated and approved by the Company’s General Shareholders’ Meeting, the session authorized the Company’s management team to organize the specific implementation within the foregoing investment budget, including but not limited to negotiation about and conclusion of all relevant agreements and all documents related to the construction with all relevant parties, and handling all matters in the process of purchase, planning, design, construction and acceptance of such a building.
Voting result: 15 votes of consent, 0 vote of opposition, and 0 vote of waiver.
II. Proposal on Dalian Branch’s purchase of business offices. The session approved Dalian Branch to purchase Floors 1-12 (only some units on Floors 1 and 12) of Huibang International Center Tower, at the intersection of Yide Street and Jiefang Street, Zhongshan District, Dalian, as the business offices of the branch, with a total budget of RMB 469.9927 million (excluding tax). The board of directors agreed to authorize the Company’s management team to examine and approve the investment budget and floor area within the acceptable deviation range (10%) according to the changes in the market.
Voting result: 15 votes of consent, 0 vote of opposition, and 0 vote of waiver.
III. Interim Report of 2012 and Abstract. Please visit the website of Shanghai Stock Exchange for the whole report.
Voting result: 15 votes of consent, 0 vote of opposition, and 0 vote of waiver.
IV. Proposal on Formulation of Administrative Measures for the Registration and Supervision of New Media. Please visit website of Shanghai Stock Exchange for whole text of the Measures.
Voting result: 15 votes of consent, 0 vote of opposition, and 0 vote of waiver.
V. Proposal on holding the first extraordinary general shareholders’ meeting of 2012;
Voting result: 15 votes of consent, 0 vote of opposition, and 0 vote of waiver.
The first proposal should be submitted to the general shareholders’ meeting for deliberation and approval.
The session also listened to some reports including the Report on Progress of Industrial Bank’s in Deepening Reform, the Report on the Business Operation in the First Half of 2012 and Business Ideas, and the Evaluation Report on the Overall Risk Management in the Second Quarter of 2012.
Board of Directors of Industrial Bank Co., Ltd.
August 10, 2012