Announcement on the Completion of the Issuance of 2024 Undated Additional Tier 1 Capital Bonds (Series 1)

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.中国工商银行股份有限公司 INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED (a joint stock limited company incorporated in the People’s Republic of China with limited liability) Stock Code: 1398 USD Preference Shares Stock Code: 4620 ANNOUNCEMENT ON THE COMPLETION OF THE ISSUANCE OF 2024 UNDATED ADDITIONAL TIER 1 CAPITAL BONDS (SERIES 1) With the approval of relevant regulatory authorities the issuance of Industrial and Commercial Bank of China Limited (the “Bank”) 2024 Undated Additional Tier 1 Capital Bonds (Series 1) (the “Bonds”) in the National Interbank Bond Market has recently been completed.The date of book running of the Bonds was 10 July 2024 and the issuance was completed on 12 July 2024. The issuance size of the Bonds is RMB50 billion. The distribution rate is 2.35% during the first five years and will be adjusted every 5 years. The issuer shall have the conditional redemption rights on each distribution payment date from the fifth anniversary (including the fifth distribution payment date).The proceeds from the issuance of the Bonds are to be used to replenish the additional tier 1 capital of the Bank in accordance with applicable laws and subject to the approval of the competent authorities.The Board of Directors of Industrial and Commercial Bank of China Limited Beijing PRC 12 July 2024 As at the date of this announcement the Board of Directors comprises Mr. LIAO Lin Mr. LIU Jun and Mr. WANG Jingwu as executive directors Mr. LU Yongzhen Mr. FENG Weidong Ms. CAO Liqun Ms. CHEN Yifang and Mr.DONG Yang as non-executive directors Mr. YANG Siu Shun Mr. SHEN Si Mr. Fred Zuliu HU Mr. Norman CHAN Tak Lam and Mr. Herbert WALTER as independent non-executive directors.