Industrial and Coml Bank of China : Appointment of Director

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Reference is made to the poll results announcement of the shareholders' general meeting of the Bank dated 29 November 2016 in relation to, among other things, the election of Mr. Wang Jingdong as Executive Director of the Bank at the first extraordinary general meeting for the year 2016 of the Bank.

The Bank has recently received the "China Banking Regulatory Commission's Approval in relation to the Qualification of Wang Jingdong of Industrial and Commercial Bank of China" (Yin Jian Fu [2016] No. 453). The qualification of Mr. Wang Jingdong as Executive Director of the Bank has been approved by the China Banking Regulatory Commission ("CBRC"). The appointment of Mr. Wang Jingdong as Executive Director of the Bank took effect pursuant to the relevant regulations. The Bank would like to welcome Mr. Wang Jingdong as a member of the Board of the Bank.

Please refer to the circular of the Bank dated 11 November 2016 for the biography of Mr. Wang Jingdong. Save as disclosed herein, there are no other matters relating to the appointment of Mr. Wang Jingdong that need to be brought to the attention of the shareholders and creditors of the Bank nor is there any information to be disclosed pursuant to any of the requirements of Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Beijing, PRC

4 January 2017

As at the date of this announcement, the board of directors comprises Mr. YI Huiman, Mr. GU Shu, Mr. ZHANG Hongli and Mr. WANG Jingdong as executive directors, Ms. WANG Xiaoya, Ms. GE Rongrong, Mr. FU Zhongjun, Mr. ZHENG Fuqing, Mr. FEI Zhoulin and Mr. CHENG Fengchao as non-executive directors, Mr. Kenneth Patrick CHUNG, Mr. OR Ching Fai, Mr. HONG Yongmiao, Mr. Anthony Francis NEOH and Mr. YANG Siu Shun as independent non-executive directors.