In order to ensure the smooth operation of the Board of Directors, on the recommendation of Central Huijin Investment Ltd. the Board of Directors of Industrial and Commercial Bank of China Limited resolved that Ms. Chen Yifang be nominated as candidate of Non-executive Director of the Bank in accordance with the Company Law of People's Republic of China, relevant laws and regulations and the relevant requirements of the Bank. The appointment of Ms. Chen Yifang as Non-executive Director of the Bank is subject to the consideration and approval at the general meeting of shareholders of the Bank, and is subject to the approval of China Banking and Insurance Regulatory Commission after the approval from the general meeting of shareholders has been obtained. Ms. Chen Yifang's term of office as Non-executive Director of the Bank will commence on the date when the approval of the CBIRC is obtained.