Securities Name: Industrial Bank  Securities Code: 601166    No.: T 2014-48

Industrial Bank Co., Ltd.

Announcement on Resolutions of the 10th Session of the 8th 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 10th session of the 8th Board of Directors of Industrial Bank Co., Ltd. , notice sent on December 2, 2014, was held in Fuzhou on December 12. All the 15 directors who should be present attended the session (Director Feng Xiaozhong and Director Zhang Yuxia entrusted Board Chairman Gao Jianping to exercise their voting right), which met relevant provisions of the Company Law of the People’s Republic of China and the Articles of Incorporation. All the 5 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 development planning for branch offices in 2015.

Voting result: 15 votes of consent, 0 vote of opposition, and 0 vote of waiver.

II. Proposal on adding the limit of non-performing debts to be written off. The session agreed to increase the limit of budget for write-off of non-performing debts in 2014 to RMB 12 billion. Within the above limit, the write-off of specific non-performing debts will be reported for approval following the procedure according to the approval power for a single project provided in the Articles of Incorporation.

Voting result: 15 votes of consent, 0 vote of opposition, and 0 vote of waiver.

III. Proposal on write-off of high-value non-performing debts (the value of a single debt higher than RMB 100 million). The session agreed to write off six non-performing debts, each of which is worth more than RMB 100 million, within the write-off limit for non-performing debts in 2014.

Voting result: 15 votes of consent, 0 vote of opposition, and 0 vote of waiver.

IV. Report on deciding the risk appetite value.

Voting result: 15 votes of consent, 0 vote of opposition, and 0 vote of waiver.

The session also listened to some other reports including the Report on Current Asset Quality Control, the Report on Accountability Progress of the Entire Bank in 2014, the Report on the Protection of Financial Consumers’ Rights and Interests, the Report on Enforcement and Implementation of Data Control Policies, the Report on Implementation of Advice on Rectification of External Audit Management, the Report on Progress in the Offering of Preferred Shares, and the report on recent business operation.

It is hereby to announce as foregoing.

Board of Directors of Industrial Bank Co., Ltd.

December 12, 2014