Industrial and Commercial Bank of China : Announcement of the Resolution of the Board of Supervisors

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Stock Code: 1398

EUR Preference Shares Stock Code: 4604

USD Preference Shares Stock Code: 4620

ANNOUNCEMENT OF THE RESOLUTION OF

THE BOARD OF SUPERVISORS

A meeting of the Board of Supervisors of Industrial and Commercial Bank of China Limited (the "Bank") was convened by written notice on 16 April 2021 and held at the Bank's Head Office at 55 Fuxingmennei Avenue, Xicheng District, Beijing on 29 April 2021. There were 5 supervisors eligible for attending the meeting, and 5 supervisors attended the meeting in person. In view of the vacant position of the Chairman of the Board of Supervisors of the Bank, all members of the Board of Supervisors elected Mr. Zhang Wei, member of the Board of Supervisors, to preside over the meeting. The procedures for convening the meeting and considering the proposals were in compliance with the relevant provisions of the laws, regulations, the Articles of Association of Industrial and Commercial Bank of China Limited and the Rules of Procedures of the Board of Supervisors of Industrial and Commercial Bank of China Limited.

The Proposal on the First Quarterly Report of 2021 was considered and approved at the meeting.

The Board of Supervisors considered and was of the opinion that the preparation and review procedures in respect of the First Quarterly Report of 2021 of the Bank complied with the relevant laws, administrative regulations and regulatory requirements, and that the report reflected the actual situation of the Bank truthfully, accurately and completely.

Voting result of this proposal: 5 valid votes, 5 voted in favour of this proposal, 0 voted against and 0 abstained from voting.

The Board of Supervisors of

Industrial and Commercial Bank of China Limited

Beijing, PRC

29 April 2021

As at the date of this announcement, the Board of Directors comprises Mr. CHEN Siqing and Mr. LIAO Lin as executive directors, Mr. LU Yongzhen, Mr. ZHENG Fuqing, Mr. FENG Weidong and Ms. CAO Liqun as non-executive directors, Mr. Anthony Francis NEOH, Mr. YANG Siu Shun, Mr. SHEN Si, Mr. Nout WELLINK and Mr. Fred Zuliu HU as independent non-executive directors.