Industrial Bank Co., Ltd.

Announcement on the Resignation of

Director and Vice President

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.

Recently, the Company’s board of directors received the written resignation application of Director and Vice President Mr. Kang Yukun, who will resign from the positions of director and vice president of the Company as from November 9, 2012, and will still serve as the employee representative supervisor of the Company. In conformity with the provisions of the articles of association, the Company's board of directors accepted the application of Mr. Kang Yukun. The resignation shall come into effect as from November 9, 2012. The Company's board of directors gave a high comment to and expressed sincere gratefulness for the contribution made by Mr. Kang Yukun to the Company during the period when he served as director and vice president.

Board of Directors of Industrial Bank Co., Ltd.

November 7, 2012