Industrial and Commercial Bank of China : Announcement on the Approval of the Qualification of Senior Executive Vice President by the CBIRC

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Stock Code: 1398

EUR Preference Shares Stock Code: 4604

ANNOUNCEMENT ON THE APPROVAL OF

THE QUALIFICATION

OF SENIOR EXECUTIVE VICE PRESIDENT BY THE CBIRC

The board of directors of Industrial and Commercial Bank of China Limited (the "Bank") approved the appointment of Mr. Zhang Wenwu as Senior Executive Vice President of the Bank on 12 June 2020. Today, the Bank received the "China Banking and Insurance Regulatory Commission's Approval in relation to the Qualification of Zhang Wenwu of Industrial and Commercial Bank of China" (Yin Bao Jian Fu [2020] No. 483). Pursuant to the relevant requirements, the qualification of Mr. Zhang Wenwu as Senior Executive Vice President of the Bank has been approved by the China Banking and Insurance Regulatory Commission (the "CBIRC"). The appointment of Mr. Zhang Wenwu as Senior Executive Vice President of the Bank has become effective.

Please refer to the Announcement of the Resolution of the Board of Directors of the Bank dated 12 June 2020 for the biography of Mr. Zhang Wenwu.

The Board of Directors of

Industrial and Commercial Bank of China Limited

Beijing, PRC

30 July 2020

As at the date of this announcement, the board of directors comprises Mr. CHEN Siqing, Mr. GU Shu and Mr. LIAO Lin as executive directors, Mr. LU Yongzhen, Mr. ZHENG Fuqing, Ms. MEI Yingchun, 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.