Industrial Bank Co., Ltd.

Announcement on Initiation and

Establishment of a Fund Management Company

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 17th session of the 7th board of directors of Industrial Bank Co., Ltd. was held from February 2 to 6, 2013 by way of voting by correspondence. The session approved the Proposal on the Initiation and Establishment of a Fund Management Company through voting, agreeing the Company to initiate and establish a fund management company together with China Shipping Investment Co., Ltd. that, registered in Fuzhou. The fund management company’s registered capital will total RMB 500 million, of which the Company contributes RMB 450 million, accounting for 90% of the total, and China Shipping Investment Co., Ltd. RMB 50 million, accounting for 10% of the total. The session agreed to authorize the management team in collaboration with relevant initiators to develop and execute the fund management initiator agreement, articles of association and documents related to the establishment of the fund management company, and carry out the application and preparation for the fund management company in accordance with the provisions of laws, regulations, the Initiator Agreement, and the articles of association of the Company. The foregoing matters on the initiation and establishment of the fund company should still be approved by the regulatory authorities.

Documents for reference: Resolutions of 17th session of the 7th board of directors.

Board of Directors of Industrial Bank Co., Ltd.

February 8, 2013