Industrial and Commercial Bank of China Limited announced that it has approved proposals on the resignation of Mr. Yi Xiqun from the relevant positions of independent director and members of the special committees of the Board and the nomination of Mr. Yang Siu Shun as a candidate of independent director of the Bank on 30 October 2015. The proposal on the appointment of Mr. Yang Siu Shun as independent director of the Bank was passed at the second extraordinary general meeting of 2015 of the Bank on 21 December 2015. Mr. Yi Xiqun will leave his position as independent director when the approval on directorship qualification of Mr. Yang Siu Shun from the China Banking Regulatory Commission (CBRC) is obtained.