Industrial and Commercial Bank of China : First Extraordinary General Meeting of 2020 Held on 8 January 2020 Poll Result

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Stock Code: 1398

EUR Preference Shares Stock Code: 4604

FIRST EXTRAORDINARY GENERAL MEETING OF 2020

HELD ON 8 JANUARY 2020

POLL RESULT

Reference is made to the circular of Industrial and Commercial Bank of China Limited (the "Bank") dated 10 December 2019, containing details of the resolution tabled before the First Extraordinary General Meeting of 2020 of the Bank (the "EGM") for shareholders' approval.

1. Convening and Attendance of the EGM

The board of directors of the Bank (the "Board") announces that the EGM was held at the head office of the Bank, No. 55 Fuxingmennei Avenue, Xicheng District, Beijing, PRC on 8 January 2020 at 2:50 p.m.

The total number of shares entitling holders thereof to attend and vote on the resolution proposed at the EGM was 356,406,257,089 shares. No shareholders of the Bank were entitled to attend but were required to abstain from voting in favour of the proposed resolution pursuant to Rule 13.40 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and no shareholders were required to abstain from voting at the EGM pursuant to the Listing Rules. 156 holders of shares and authorized proxies holding an aggregate of 290,527,186,489 shares with voting rights, representing 81.5157% of the total number of shares with voting rights of 356,406,257,089, were present at the EGM.

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Number of shareholders and authorized proxies attending the EGM	156
including: number of A share holders	132
number of H share holders	24
Total number of shares with voting rights held by shareholders
attending the EGM	290,527,186,489
including: total number of shares held by A share holders	248,212,860,689
total number of shares held by H share holders	42,314,325,800
Percentage of total shares with voting rights held by shareholders
attending the EGM (%)	81.5157
including: percentage of total shares held by A share holders (%)	69.6432
percentage of total shares held by H share holders (%)	11.8725

Notes:

1. Shareholders attending the EGM include those attending the EGM on-site and by way of online voting.
2. According to the Articles of Association of the Bank and the circumstances of the EGM, the resolution of the EGM is not required to be considered and approved by the holders of preference shares of the Bank.

The voting of the EGM was conducted by means of on-site voting and online voting in compliance with the relevant provisions of the Company Law of the People's Republic of China (the "Company Law"), the Rules for the General Assemblies of Shareholders of Listed Companies, the Shanghai Stock Exchange Implementation Rules for Network Voting in the General Assemblies of Shareholders of Listed Companies and laws and regulations and relevant provisions of the Articles of Association of Industrial and Commercial Bank of China Limited (the "Articles of Association"). The EGM was convened by the Board and chaired by Mr. Gu Shu, Vice Chairman of the Board and President of the Bank.

14 of the 14 directors of the Bank attended the EGM. 5 of the 5 supervisors of the Bank attended the EGM. Board Secretary of the Bank, Mr. Guan Xueqing, attended the meeting. Candidate for Shareholder Supervisor of the Bank, Mr. Yang Guozhong, was in attendance at the meeting.

In compliance with the requirements of the Listing Rules, Computershare Hong Kong Investor Services Limited, the Bank's H share registrar, acted as scrutineer for the vote-taking of the EGM.

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II. Voting Result of the EGM

At the EGM, the proposal set out in the Notice of the First Extraordinary General Meeting of 2020 dated 10 December 2019 was resolved by polling. The proposal was voted upon by a combination of on-site and online polling. Poll result in respect of the resolution proposed at the EGM was as follows:

Proposal on the Election of Mr. Yang Guozhong as Shareholder Supervisor of Industrial and Commercial Bank of China Limited

Voting result: approved

Details of votes:

	For	Against	Abstain
	No. of votes	Percentage (%)	No. of votes	Percentage (%)	No. of votes	Percentage (%)
Voting result	290,033,922,913	99.8302	299,656,921	0.1031	193,606,655	0.0667

The proposal above, which is approved by ordinary resolution, is approved by more than half of the votes held by holders of ordinary shares present at the meeting in person or by proxy.

III. Appointment of Supervisor

The Bank announces that at the EGM, Mr. Yang Guozhong was elected as Shareholder Supervisor of the Bank, according to the relevant requirements and the resolution of the board of supervisors of the Bank, his term of office commences on the date of approval by the EGM. Mr. Yang Guozhong's appointment as the chairman of the board of supervisors of the Bank takes effect concurrently. Please refer to the Bank's Announcement on the Appointment of Chairman of the Board of Supervisors dated 8 January 2020 for the biography of Mr. Yang Guozhong.

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IV. Lawyers' Certification

Ms. Su Zheng and Ms. Jiang Linlin of King & Wood Mallesons witnessed the EGM and issued a legal opinion certifying that the convening and procedures of the EGM conformed to the requirements of the laws and regulations such as the Company Law, the Rules for the General Assemblies of Shareholders of Listed Companies, the Shanghai Stock Exchange Implementation Rules for Network Voting in the General Assemblies of Shareholders of Listed Companies, and that the qualifications of attendees and convener, the voting process and other related matters of the EGM conformed to the requirements of the laws and regulations such as the Company Law, the Rules for the General Assemblies of Shareholders of Listed Companies, the Shanghai Stock Exchange Implementation Rules for Network Voting in the General Assemblies of Shareholders of Listed Companies and relevant provisions of the Articles of Association. The voting result of the shareholders' general meeting was lawful and valid.

The Board of Directors of

Industrial and Commercial Bank of China Limited

Beijing, PRC

8 January 2020

As at the date of this announcement, the board of directors comprises Mr. CHEN Siqing Mr. GU Shu and Mr. HU Hao as executive directors, Mr. YE Donghai, Mr. ZHENG Fuqing, Ms. MEI Yingchun, Mr. DONG Shi and Mr. LU Yongzhen as non-executive directors, Mr. Anthony Francis NEOH, Mr. YANG Siu Shun, Ms. Sheila Colleen BAIR, Mr. SHEN Si, Mr. Nout WELLINK and Mr. Fred Zuliu HU as independent non-executive directors.

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