Industrial Bank : Announcement of Independent Director Resignation

四、特别说明事项

Code of A shares: 601166 Abbreviation of A Shares: Industrial Bank Code: TEMP 2020-025

Code of Preferred Stock: 360005, 360012, 360032 Abbreviation of Preferred Stock: Industrial Preferred 1, Industrial Preferred 2, Industrial Preferred 3

Industrial Bank Co., Ltd.

Announcement of Independent Director Resignation

The board of Directors of the Company and all directors guarantee there's no false account, misleading statement or material omissions of the announcement, and will be jointly and severally responsible for the truthfulness, accuracy and integrity of the announcement.

The Board of Directors of Industrial Bank Co., Ltd. recently received written resignation letters from Independent Directors Mr. Paul M. Theil, Mr. Zhu Qing, and Mr. Liu Shiping: Since we have served as Independent Directors of the Company for six consecutive years, we apply to resign as Independent Directors and the positions of relevant special committee under the Board of Directors according to the Guidance on the Establishment of Independent Director System in Listed Companies (Zheng Jian Fa [2001] No. 102), the Guidance on Governance of Commercial Banks (Zheng Jian Fa [2013] No. 34) and the Company's Articles of Association regarding the reappointment term of independent directors.

Mr. Paul M. Theil, Mr. Zhu Qing, and Mr. Liu Shiping respectively confirmed to the Board of Directors of the Company that they have no disagreement with it, and there are no other matters that need to be notified to the shareholders and creditors of the Company. Since the resignation of the three Independent Directors will result in the number of Independent Directors of the Company being less than one-third of the Board of Directors, according to the aforementioned supervision regulations and provisions of Articles of Association, the letter of resignation of the three Independent Directors will take effect after the next independent director is elected. Prior to this, Mr. Paul M. Theil, Mr. Zhu Qing, and Mr. Liu Shiping will continue to perform their duties as Independent Directors in accordance with relevant laws and regulations and the Company's Articles of Association.

Mr. Paul M. Theil, Mr. Zhu Qing, and Mr. Liu Shiping worked diligently, independently and impartially when serving as Independent Directors of the Company, and played an active role in the Company's standardized operation and healthy development, for which the Board of Directors of the Company expresses heartfelt thanks!

Hereby Announced.

Board of Directors of Industrial Bank Co., Ltd.

August 29, 2020