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

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Stock Code: 1398

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ANNOUNCEMENT OF THE RESOLUTIONS 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 15 March 2021 and held at the Bank's head office at 55 Fuxingmennei Avenue, Xicheng District, Beijing on 26 March 2020. 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 meeting was convened and the procedures of 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 following proposals were considered and approved at the meeting:

• 1. Proposal on the 2020 Work Report of the Board of Supervisors

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

  This proposal shall be submitted to the general meeting of shareholders of the Bank for consideration.

• 2. Proposal on the 2020 Assessment Report on the Performance of Duties of the Board of Directors, the Senior Management and their Members

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

• 3. Proposal on the 2020 Assessment Report on the Performance of Duties of Supervisors

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

• 4. Proposal on the Evaluation Report on the Development Strategy in 2020

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

• 5. Proposal on the 2020 Annual Report and its Abstract

  The board of supervisors considered and was of the opinion that the preparation and review procedures in respect of the 2020 annual report 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.

• 6. Proposal on the 2020 Audited Accounts

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

• 7. Proposal on the 2020 Profit Distribution Plan

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

• 8. Proposal on the 2020 Corporate Social Responsibility Report (ESG Report) of Industrial and Commercial Bank of China Limited

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

9.

Proposal on the 2020 Internal Control Assessment Report of Industrial and Commercial Bank of China Limited

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 26 March 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.