With the approvals of the China Banking and Insurance Regulatory Commission and the People's Bank of China, the issuance of Industrial and Commercial Bank of China Limited 2021 Tier-2 Capital Bonds in China's national interbank bond market has been completed. The Bonds issued are of a scale of RMB 60 billion and of two types: the first type of Bonds is fixed rate bonds with a term of 10 years. The issuer shall have a conditional redemption right from the end of the fifth year onwards. The size of issuance is RMB 50 billion and the coupon rate is 3.48%; the second type of Bonds is fixed rate bonds with a term of 15 years. The issuer shall have a conditional redemption right from the end of the tenth year onwards. The size of issuance is RMB 10 billion and the coupon rate is 3.74%. The proceeds from this issuance of the Bonds will be used to replenish the Bank's tier-2 capital in accordance with the applicable laws and the approvals by the regulatory authorities.