Securities Name: Industrial Bank Securities Code: 601166 No.: T 2014-44
Industrial Bank Co., Ltd.
Announcement on Resolutions of the 9th Session of the 6th Board of Supervisors
The Company and all the members of the Board of Supervisors 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 9th session of the 6th Board of Supervisors of Industrial Bank Co., Ltd. was held in Beihai on October 27, 2014. All the 9 supervisors who should be present attended the session (Supervisor Yan Jie entrusted Chairman Kang Yukun of the Board of Supervisors to attend the session on his behalf and exercise the voting right regarding the matters deliberated at the session), which met relevant provisions of the Company Law of the People’s Republic of China and the Articles of Incorporation.
The session, presided by Kang Yukun, Chairman of the Board of Supervisors, deliberated and approved the following proposals:
I. Proposal on Mr. Kang Yukun’s resignation from the positions of Supervisor and Chairman of the Board of Supervisors Voting result: 9 votes of consent, 0 vote of opposition, and 0 vote of waiver;
II. Proposal on electing Mr. Wang Shuguang as the interim convener of the Board of Supervisors. The Board of Supervisors elected Mr. Wang Shugang, an outside supervisor, as the interim convener of the 6th Board of Supervisors, to serve as the acting convener of the Board of Supervisors.
Voting result: 9 votes of consent, 0 vote of opposition, and 0 vote of waiver;
III. Quarterly Report of 2014 Q3. All the supervisors believe: 1. The compilation procedure for the Quarterly Report of 2014 Q3 conforms to relevant provisions of laws, regulations, and the Company’s Articles of Incorporation and internal management rules; 2. The contents and format of the report accords with relevant provisions of China Securities Regulatory Commission and Shanghai Stock Exchange, and the information contained in the report can truthfully reflect matters of the Company in the report period including business operation and management and financial situation; 3. All data contained in the report are free of any false description, misleading statement or major omission, and no one participating in the compilation of the Third Quarter Report of 2014 was found violating the confidentiality regulations and impairing interests of the Company.
Voting result: 9 votes of consent, 0 vote of opposition, and 0 vote of waiver;
IV. The Proposal on Implementing the Relevant Corporate Accounting Standards Newly-issued in 2014. All the supervisors believe: In implementing the new accounting standards this time, the Company carries out reasonable alteration and adjustment according to the requirements of the specific criteria of the accounting standards revised by the Ministry of Finance. It is in compliance with relevant provisions. The financial situation and business results of the Company can be reflected more objectively and fairly to implement the new accounting standards. Relevant decision-making procedures tally with provisions of relevant laws and regulations and the Articles of Incorporation, and there is no circumstance that the interests of the Company and shareholders are damaged.
Voting result: 9 votes of consent, 0 vote of opposition, and 0 vote of waiver.
The session also listened to some other reports including the Report on the Financial Situation from January to September 2014, the Report on the Progress in Special Audit and Investigation over Capital Management, the Report on Risk Management Progress from January to September 2014, the Report on Implementation of Rectification of Audit Management Suggested by Deloitte Touche Tohmatsu in 2013, the Report on Operation and Management of Institutional Banking Businesses and the Report on the Progress in Data Control, etc.
It is hereby to announce as foregoing.
Board of Supervisors of Industrial Bank Co., Ltd.
October 29, 2014