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

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Stock Code: 1398

USD Preference Shares Stock Code: 4603

EUR Preference Shares Stock Code: 4604

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ANNOUNCEMENT ON 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 12 October 2019 and held at the Bank's head office at No. 55 Fuxingmennei Avenue, Xicheng District, Beijing on 25 October 2019. There were 5 supervisors eligible for attending the meeting, and 4 supervisors attended the meeting in person and 1 supervisor attended the meeting by proxy, namely, Mr. Hui Ping appointed Mr. Huang Li to attend the meeting and exercise the voting right on his behalf. In view of the vacant position of the chairman of the board of supervisors, all members of the board of supervisors have elected Mr. Zhang Wei, a member of the board of supervisors, to preside over the meeting. The convening of the meeting and the procedures for consideration of the proposals were in compliance with the provisions of the relevant 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 Third Quarterly Report of 2019

The board of supervisors considered the proposal and was of the opinion that the preparation and review procedures in respect of the Third Quarterly Report of 2019 of the Bank complied with the relevant laws, administrative regulations and regulatory requirements and 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.

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2. Proposal on the 2019 Implementation Measures of the Performance Assessment 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 2019 Implementation Measures of the Performance Assessment of Duties of the Supervisors

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

25 October 2019

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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