A-share Code: 601166 A-share Name: Industrial Bank No.:T 2015-22
Preferred Share Code: 360005 Preferred Share Name: IBPS1
Industrial Bank Co., Ltd.
Announcement on Change in Rights and Benefits of Shareholder
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.
Important content notes:
I. Basis information on this change in rights and benefits
Industrial Bank Co., Ltd. (hereinafter referred to as the “Company”) received a notice from shareholders of the Company, PICC Property and Casualty Company Limited and PICC Life Insurance Company Limited, that they made an increase in their holdings of ordinary shares of the Company via the centralized bidding trade system of Shanghai Stock Exchange (SSE) on July 9, 2015. The details are shown as below:
PICC Property and Casualty Company Limited formerly held 948,000,000 ordinary shares of the Company, accounting for 4.98% of the total capital stock of ordinary shares of the Company. On July 9, 2015, PICC Property and Casualty Company Limited made an increase in its holdings to 280,738,112 unrestricted negotiable shares of the Company via the centralized bidding trade system of SSE, which account for 1.47% of the total capital stock of the Company. After this increase in exposure, PICC Property and Casualty Company Limited holds 1.229 billion shares of the Company, accounting for 6.45% of total capital stock of ordinary shares of the Company.
PICC Life Insurance Company Limited formerly held 948,000,000 ordinary shares of the Company, accounting for 4.98% of the total capital stock of ordinary shares of the Company. On July 9, 2015, PICC Life Insurance Company Limited made an increase in its holdings to 327,639,977 unrestricted negotiable shares of the Company via the centralized bidding trade system of SSE, which account for 1.72% of the total capital stock of the Company. After this increase in exposure, PICC Life Insurance Company Limited holds 1.276 billion shares of the Company, accounting for 6.70% of total capital stock of ordinary shares of the Company.
Both PICC Property and Casualty Company Limited and PICC Life Insurance Company Limited are subsidiaries of the People’s Insurance Company (Group) of China Limited. After this change in equity, the People’s Insurance Company (Group) of China Limited, PICC Property and Casualty Company Limited, and PICC Life Insurance Company Limited hold 2,679,029,689 shares of the Company in total, accounting for 14.06% of the total ordinary shares of the Company.
II. Subsequent matters
The above change in rights and benefits will not lead to the change of the largest shareholder of the Company. The Company will urge PICC Property and Casualty Company Limited, and PICC Life Insurance Company Limited, the information disclosure obligators, to perform their information disclosure obligations timely in accordance with the requirements of relevant laws and regulations.
It is hereby to announce as foregoing.
Board of Directors of Industrial Bank Co., Ltd.
July 10, 2015