Industrial and Commrcl Bank of China : Announcement on the Approval of the Qualification of Director by the CBRC

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The annual general meeting for the year 2015 of Industrial and Commercial Bank of China Limited (the "Bank") held on 24 June 2016 elected Mr. Shen Si as an Independent Non-executive Director of the Bank. The Bank has recently received the "China Banking Regulatory Commission's Approval in relation to the Qualification of Shen Si of Industrial and Commercial Bank of China" (Yin Jian Fu [2017] No. 113). Pursuant to the relevant requirements, the qualification of Mr. Shen Si as an Independent Non-executive Director of the Bank has been approved by the China Banking Regulatory Commission (the "CBRC"). The appointment of Mr. Shen Si as Independent Non- executive Director has taken effect. The Bank would like to welcome Mr. Shen Si as a member of the board of directors of the Bank.

Please refer to the circular of the Bank dated 10 May 2016 for the biography of Mr. Shen Si. Save as disclosed herein, there are no other matters relating to the appointment of Mr. Shen Si that need to be brought to the attention of the shareholders or the creditors of the Bank nor is there any information to be disclosed pursuant to other regulatory requirements.

Beijing, PRC 6 April 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.