Industrial and Commercial Bank of China Limited announced that Mr. Lu Yongzhen, ceased to act as Non-executive Director of the Bank, as well as member of the Strategy Committee, Risk Management Committee, Compensation Committee and US Risk Committee of the Board of Directors from the date of this announcement due to expiration of his term of office. Mr. Lu Yongzhen has confirmed that he has no disagreement with the Board of Directors of the Bank and there are no matters relating to his retirement that need to be brought to the attention of the shareholders or creditors of the Bank. Mr. Lu Yongzhen has performed his duties diligently and conscientiously since he joined the Board of Directors of the Bank and has made important contributions in areas including corporate governance, strategic planning as well as risk management of the Bank.