Industrial and Commercial Bank of China Limited announced that Mr. Nout Wellink, Independent Non-executive Director has ceased to act as Independent Non-executive Director of the Bank, chairman and member of Compensation Committee, as well as member of the Strategy Committee, the Corporate Social Responsibility and Consumer Protection Committee, the Audit Committee and the Related Party Transactions Control Committee of the Board of Directors of the Bank due to expiration of his term of office. Mr. Nout Wellink has performed his duties diligently and conscientiously since he joined the Board of Directors of the Bank in 2018 and has made important contributions in areas including corporate governance, operation of the Board, development strategy, risk management, international and diversified development as well as corporate social responsibility fulfilment of the Bank.