A-share Code: 601166            A-share Name: Industrial Bank           No.: T 2015-20

Preferred Share Code: 360005            Preferred Share Name: IBPS1

Industrial Bank Co., Ltd.

Announcement on Resolutions of the 12th 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 12th session of the 8th Board of Directors of Industrial Bank Co., Ltd. sent the meeting notice on June 18, 2015, and was held in Fuzhou on June 30. All the 14 directors who should be present attended the session (Director Feng Xiaozhong entrusted Board Chairman Gao Jianping and Independent Director Paul M. Theil entrusted Independent Director Li Ruoshan to attend the session and exercise their voting rights on their behalf), which met relevant provisions of the Company Law of the People’s Republic of China and the Articles of Incorporation. Three supervisors of the Company’s Board of Supervisors attended the session.

Presided over by Board Chairman Gao Jianping, the session deliberated and approved the following proposals and made the following resolutions:

I. Proposal on adjustment of members of some committees of the Board of Directors. The session approved the following adjustments to some committees under the Board of Directors:

i. The Risk Management Committee of the Board of Directors consists of five members including Chen Yichao, Li Liangwen, Jiang Yunming, Lin Zhangyi, and Paul M. Theil, and Independent Director Paul M. Theil serves as the chair.

ii. The Audit and Associated Transactions Control Committee of the Board of Directors consists of five members including Zhang Yuxia, Tang Bin, Li Ruoshan, Zhu Qing and Lin Hua, and Independent Director Li Ruoshan serves as the chair. 

iii. The Nomination Committee of the Board of Directors consists of four members including Li Renjie, Paul M. Theil, Liu Shiping and Zhu Qing, and Independent Director Zhu Qing serves as the chair.

iv. The Remuneration and Appraisal Committee of the Board of Directors consists of five members including Chen Yichao, Feng Xiaozhong, Li Ruoshan, Liu Shiping and Lin Hua, and Independent Director Liu Shiping serves as the chair.

Voting result: 14 votes of consent, 0 vote of opposition, and 0 vote of waiver.

II. Proposal on revising the Measures on the Administration of Pressure Test.

Voting result: 14 votes of consent, 0 vote of opposition, and 0 vote of waiver.

III. Proposal on deciding the risk appetite value in 2015.

Voting result: 14 votes of consent, 0 vote of opposition, and 0 vote of waiver.

IV. Proposal on write-off of non-performing single debts, each losing the value higher than RMB 100 million. The session approved to write off non-performing debts worth RMB 200 million.

Voting result: 14 votes of consent, 0 vote of opposition, and 0 vote of waiver.

The session also listened to the following reports, such as the Report on the Implementation of the Development Planning 2011-2015 and the Compilation of the Next Round of Five-year Development Planning, the Working Ideas on Capital Supplementation 2015-2016, the Evaluation Report on the Overall Risk Management in the First Quarter of 2015, and the report on recent business performance.

It is hereby to announce as foregoing.

Board of Directors of Industrial Bank Co., Ltd.

July 1, 2015