Code of A shares: 601166    Abbreviation of A Shares: Industrial Bank   Code: TEMP 2016-37

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

Industrial Bank Co., Ltd.

Announcement on Private Offering of A Shares Approved by

China Banking Regulatory Commission

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

Industrial Bank Co., Ltd. (hereinafter called as the “Company”) recently received Reply of China Banking Regulatory Commission on Private Offering of A Shares and Equity Change of Industrial Bank Co., Ltd. (Yin Jian Fu [2016] No.330), in which the Company is allowed in principle to conduct private offering of 1,721,854,000 A shares.

Based on approved principal shareholder equity changes, it is agreed that Fujian Provincial Department of Finance may subscribe 430,463,500 shares, totally holding 18.78% of total capital stock of the Company after the offering; China National Tobacco Corporation may subscribe 496,688,700 shares, totally holding 5.34% of total capital stock of the company after the offering; Fujian Branch of China National Tobacco Corporation may subscribe 132,450,300 shares, holding 0.64% of total capital stock of the Company after the offering; and Guangdong Branch of China National Tobacco Corporation may subscribe 99,337,700 shares, holding 0.48% of total capital stock of the Company after the offering.

The Company will continue to apply with China Securities Regulatory Commission for proposals and other matters and perform relevant disclosure obligation based on relevant laws and regulations.

Hereby Announced.

Board of Directors of Industrial Bank Co., Ltd.

October 25, 2016