Industrial and Commercial Bank of China Limited announced that the Bank has recently received the "China Banking Regulatory Commission's Approval in relation to the Qualifications of Yi Xiqun and Fu Zhongjun of Industrial and Commercial Bank of China" (Yin Jian Fu [2013] No. 693). The qualifications of Mr. Yi Xiqun as an independent non-executive director and Mr. Fu Zhongjun as a non-executive director the Bank have been respectively approved by the China Banking Regulatory Commission.

Pursuant to the laws and regulations and the relevant provisions of the articles of association of the Bank, Mr. Xu Shanda has ceased to act as a director of the Bank as well as member of the relevant special committees of the Board due to expiration of his term of office; Mr. Huan Huiwu has ceased to act as a director of the Bank as well as member of the relevant special committees of the Board due to change of job assignments. Each of Mr. Xu Shanda and Mr. Huan Huiwu has confirmed that he has no disagreement with the Board and there are no matters relating to his retirement that need to be brought to the attention of the shareholders of the Bank.