Industrial and Commercial Bank of China Limited announced that Mr. Wang Bairong, Chief Business Officer has resigned as Chief Business Officer of the Bank for the reason of his age. Mr. Wang Bairong has confirmed that he has no disagreement with the Board of Directors of the Bank and there are no matters relating to his resignation that need to be brought to the attention of the shareholders and creditors of the Bank. Mr. Wang Bairong joined the Bank in 1991.

Over the past 32 years, Mr. Wang Bairong has performed his duties diligently and conscientiously and has been keen to make progress. He has made significant contributions to the Bank in deepening reform, strengthening enterprise-wide risk management, stabilizing asset quality, promoting the development of asset management business, and giving full play to the business functions of subsidiaries etc. Therefore, the competitiveness and service capabilities of the Bank's businesses such as financial market, asset management and wealth management, precious metals and discounted bills have been remarkably improved.