Securities Name: Industrial Bank       Securities Code: 601166  No.: T 2014-40

Industrial Bank Co., Ltd.

Announcement on Obtaining the Approval to

Set Up Industrial Consumer Finance Ltd.

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.

In accordance with the “Reply on Setting up Industrial Consumer Finance Ltd.” (Yin Jian Fu [2014] 721) of China Banking Regulatory Commission (CBRC), the Company got the approval to set up Industrial Consumer Finance Ltd. in Quanzhou, Fujian Province. With the planned registered capital of RMB 300 million, Industrial Consumer Finance Ltd. will be set up with the joint investment of the Company and the other three companies including Quanzhou Commercial Corporation, Xtep (China) Co., Ltd., and Fucheng (China) Co., Ltd., of which the Company makes a contribution of RMB 198 million, accounting for 66% of the total capital. Industrial Consumer Finance Ltd. will mainly engage in offering personal consumption loans.

The Company will make good preparations, and apply to Fujian Banking Regulatory Bureau for approval of opening after finishing the preparation affairs.

It is hereby to announce as foregoing.

Board of Directors of Industrial Bank Co., Ltd.

October 20, 2014