Industrial and Commercial Bank of China : Annual General Meeting for the Year 2020 Held on 21 June 2021 Poll Results

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Stock Code: 1398

EUR Preference Shares Stock Code: 4604

USD Preference Shares Stock Code: 4620

ANNUAL GENERAL MEETING FOR THE YEAR 2020

HELD ON 21 JUNE 2021

POLL RESULTS

Reference is made to the circular of Industrial and Commercial Bank of China Limited (the "Bank") dated 6 May 2021 (the "Circular"), containing details of the resolutions tabled before the annual general meeting for the year 2020 of the Bank (the "AGM") for shareholders' approval.

1. Convening and Attendance of the AGM

The Board of Directors of the Bank (the "Board") announces that the AGM was held at the Head Office of the Bank, 55 Fuxingmennei Avenue, Xicheng District, Beijing, PRC on 21 June 2021 at 2:50 p.m.

The total number of shares entitling holders thereof to attend and vote on the resolutions proposed at the AGM 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 resolutions 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 AGM pursuant to the Listing Rules. 191 holders of shares and authorized proxies holding an aggregate of 302,603,841,338 shares with voting rights, representing 84.9042% of the total number of shares with voting rights of 356,406,257,089, were present at the AGM.

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Number of shareholders and authorized proxies attending the	191
AGM
Including:	number of A share holders	177
	number of H share holders	14
Total number of shares with voting rights held by shareholders	302,603,841,338
attending the AGM
Including:	total number of shares held by A share holders	252,230,209,767
	total number of shares held by H share holders	50,373,631,571
Percentage of total shares with voting rights held by shareholders	84.9042
attending the AGM (%)
Including:	percentage of total shares held by A share holders (%)	70.7704
	percentage of total shares held by H share holders (%)	14.1338

Notes:

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

The voting of the AGM was conducted by means of on-site voting and online voting in compliance with laws and regulations such as 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 the relevant provisions of the Articles of Association of Industrial and Commercial Bank of China Limited (the "Articles of Association"). The AGM was convened by the Board and chaired by Mr. Liao Lin, Vice Chairman of the Board and President of the Bank.

11 of the 11 directors of the Bank attended the AGM. 5 of the 5 supervisors of the Bank attended the AGM. Board Secretary of the Bank, Mr. Guan Xueqing, attended the meeting. Senior management members Mr. Wang Jingwu, Mr. Zhang Wenwu, Mr. Xu Shouben and Mr. Zhang Weiwu were 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 AGM.

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II. Voting Results of the AGM

At the AGM, all of the proposals set out in the notice of AGM dated 6 May 2021 were resolved by polling. The proposals were voted upon by a combination of on-site and online polling. Poll results in respect of the resolutions proposed to the AGM were as follows:

1. Proposal on the 2020 Work Report of the Board of Directors of ICBC Voting result: approved

Details of votes:

	For		Against	Abstain
Type of shareholders	No. of votes		Percentage (%)	No. of votes	Percentage (%)	No. of votes	Percentage (%)
A Shares	252,220,745,266		99.9962	7,890,301	0.0031	1,574,200	0.0007
H Shares	49,746,371,374		98.7548	395,804,840	0.7857	231,455,357	0.4595
Ordinary shares in total	301,967,116,640		99.7896	403,695,141	0.1334	233,029,557	0.0770

2. Proposal on the 2020 Work Report of the Board of Supervisors of ICBC Voting result: approved

Details of votes:

	For		Against	Abstain
Type of shareholders	No. of votes		Percentage (%)	No. of votes	Percentage (%)	No. of votes	Percentage (%)
A Shares	252,228,147,867		99.9992	487,800	0.0002	1,574,100	0.0006
H Shares	50,139,360,713		99.5349	2,815,501	0.0056	231,455,357	0.4595
Ordinary shares in total	302,367,508,580		99.9219	3,303,301	0.0011	233,029,457	0.0770

3. Proposal on the 2020 Audited Accounts Voting result: approved

Details of votes:

	For		Against	Abstain
Type of shareholders	No. of votes		Percentage (%)	No. of votes	Percentage (%)	No. of votes	Percentage (%)
A Shares	252,228,175,967		99.9992	489,700	0.0002	1,544,100	0.0006
H Shares	50,139,360,713		99.5349	2,815,501	0.0056	231,455,357	0.4595
Ordinary shares in total	302,367,536,680		99.9219	3,305,201	0.0011	232,999,457	0.0770

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4. Proposal on the 2020 Profit Distribution Plan Voting result: approved

Details of votes:

	For		Against	Abstain
Type of shareholders	No. of votes		Percentage (%)	No. of votes	Percentage (%)	No. of votes	Percentage (%)
A Shares	252,219,697,331		99.9958	10,510,436	0.0042	2,000	0.0000
H Shares	50,206,624,383		99.6685	137,521,309	0.2730	29,485,879	0.0585
Ordinary shares in total	302,426,321,714		99.9413	148,031,745	0.0489	29,487,879	0.0098

5. Proposal on the Fixed Asset Investment Budget for 2021 Voting result: approved

Details of votes:

	For		Against	Abstain
Type of shareholders	No. of votes		Percentage (%)	No. of votes	Percentage (%)	No. of votes	Percentage (%)
A Shares	252,229,712,067		99.9998	490,000	0.0002	7,700	0.0000
H Shares	50,344,039,191		99.9413	105,501	0.0002	29,486,879	0.0585
Ordinary shares in total	302,573,751,258		99.9901	595,501	0.0002	29,494,579	0.0097

6. Proposal on the Engagement of the External Auditors for 2021 Voting result: approved

Details of votes:

	For		Against	Abstain
Type of shareholders	No. of votes		Percentage (%)	No. of votes	Percentage (%)	No. of votes	Percentage (%)
A Shares	252,229,682,667		99.9998	491,600	0.0002	35,500	0.0000
H Shares	50,319,239,191		99.8920	5,905,501	0.0117	48,486,879	0.0963
Ordinary shares in total	302,548,921,858		99.9819	6,397,101	0.0021	48,522,379	0.0160

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7. Proposal on the Application for Authorization Limit for Special Donations for Poverty Alleviation

Voting result: approved Details of votes:

	For		Against	Abstain
Type of shareholders	No. of votes		Percentage (%)	No. of votes	Percentage (%)	No. of votes	Percentage (%)
A Shares	252,229,669,567		99.9998	494,500	0.0002	45,700	0.0000
H Shares	50,341,820,191		99.9368	2,324,501	0.0046	29,486,879	0.0586
Ordinary shares in total	302,571,489,758		99.9893	2,819,001	0.0009	29,532,579	0.0098

8. Proposal on the Election of Ms. Chen Yifang as Non-executive Director of ICBC Voting result: approved

Details of votes:

	For		Against	Abstain
Type of shareholders	No. of votes		Percentage (%)	No. of votes	Percentage (%)	No. of votes	Percentage (%)
A Shares	252,112,931,943		99.9535	51,737,221	0.0205	65,540,603	0.0260
H Shares	49,267,135,672		97.8034	1,066,009,020	2.1162	40,486,879	0.0804
Ordinary shares in total	301,380,067,615		99.5956	1,117,746,241	0.3694	106,027,482	0.0350

9. Proposal on Issuing Eligible Tier 2 Capital Instruments Voting result: approved

Details of votes:

	For		Against	Abstain
Type of shareholders	No. of votes		Percentage (%)	No. of votes	Percentage (%)	No. of votes	Percentage (%)
A Shares	252,229,692,367		99.9998	500,900	0.0002	16,500	0.0000
H Shares	50,325,039,190		99.9035	19,105,501	0.0379	29,486,880	0.0586
Ordinary shares in total	302,554,731,557		99.9838	19,606,401	0.0065	29,503,380	0.0097

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