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A-share Code: 601166 Abbreviation of A Shares: Industrial Bank Code: TEMP 2016-32

Preferred Share Code: 360005, 360012 Abbreviation of Preferred Stock: Industrial Preferred 1, Industrial Preferred 2

Industrial Bank Co., Ltd.

Announcement on Resolution of the 21st Meeting of the

8th Board of Directors

The Company and all members of Board of Directors guarantee the truthfulness, accuracy and integrity of the announcement and will be jointly and severally responsible for false account, misleading statement or material omissions of the announcement.

Notice on the 21st Meeting of the 8th Board of Directors of Industrial Bank Co., Ltd. was sent on August 18, 2016 and the meeting was held in Fuzhou on August 29. For the Meeting, 14 directors were supposed to attend the meeting, and actually 14 directors attended the meeting; among them, Director Fu Anping entrusted Chairman Gao Jianping to attend the meeting and exercise the voting right on his behalf, and Director Li Ruoshan attended the meeting through telephone connection, which was in consistency with relevant provisions in Company Law of the People's Republic of China and Articles of Association of the company. 4 supervisors of Board of Supervisors attended the meeting.

The meeting was presided by Chairman Gao Jianping and reviewed and passed the following proposals and formed resolutions:

I. Proposal on Change of Board of Directors. Agree to conduct the changes of Board of Directors as of the date of announcement of the Board resolution. Shareholders who satisfy the nominating conditions may name director candidates to the Board of Directors of the Company in line with Articles of Association of the Company and Method on Director Nomination and Election of Industrial Bank Co., Ltd., and nomination may be made within 30 days following the date of announcement of the resolution.