Industrial and Commrcl Bank of China : Announcement of the Resolution of the Board of Supervisors

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A meeting of the board of supervisors of Industrial and Commercial Bank of China Limited (the "Bank") was convened by written notice on 2 June 2017 and held at the Bank's head office at No. 55 Fuxingmennei Avenue, Xicheng District, Beijing on 9 June 2017. There were 6 supervisors eligible for attending the meeting, of whom 6 supervisors attended the meeting in person. The procedures for convening the meeting and considering the proposal were in compliance with the relevant provisions of the laws, regulations, the Articles of Association of Industrial and Commercial Bank of China Limited (the "Articles") and the Rules of Procedures of the Board of Supervisors of Industrial and Commercial Bank of China Limited.

Mr. Qian Wenhui, Chairman of the board of supervisors, presided over the meeting and the supervisors attending the meeting considered and approved the Proposal on Amendments to the Articles of Association of Industrial and Commercial Bank of China Limited.

Voting result of this proposal: 6 valid votes, 6 voted in favour of this proposal, 0 voted against and 0 abstained from voting.

This matter shall be submitted to the shareholders' general meeting of the Bank for consideration and approval and the amended Articles shall be effective when the approval from the China Banking Regulatory Commission is obtained.

Beijing, PRC 9 June 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. ZHENG Fuqing, Mr. FEI Zhoulin and Mr. CHENG Fengchao as non-executive directors, Mr. OR Ching Fai, Mr. HONG Yongmiao, Mr. Anthony Francis NEOH, Mr. YANG Siu Shun, Ms. Sheila Colleen BAIR and Mr. SHEN Si as independent non-executive directors.