Industrial Bank Co., Ltd.

Announcement on Progress in the

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.

It is hereby to make the following announcement on the progress in the matters about the Company’s planned initiation and establishment of a fund management company jointly with China Shipping Investment Co., Ltd. (see the announcement of the Company on February 8, 2013):

Recently, the Company received the Reply of China Banking Regulatory Commission on the Initiation and Establishment of a Fund Management Company by Industrial Bank (Yin Jian Fu [2013] No. 105), and the program has been approved by China Banking Regulatory Commission (CBRC). According to the reply, the Company will apply to CBRC for the establishment of the fund management company and will organize the implementation after gaining the approval of China Securities Regulatory Commission (CSRC).

Board of Directors of Industrial Bank Co., Ltd.

March 6, 2013