CStone Pharmaceuticals — Board/Management Information 2019

Mar 29, 2019

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.

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兗州煤業股份有限公司

YANZHOU COAL MINING COMPANY LIMITED

(A joint stock limited company incorporated in the People’s Republic of China with limited liability)

(Stock Code: 1171)

PROPOSED CHANGE OF DIRECTOR

RESIGNATION OF DIRECTOR

The board of directors (the " Board ") of Yanzhou Coal Mining Company Limited (the " Company ") received the written resignation report from Mr. Wu Yuxiang (" Mr. Wu ") on 28March 2019. Mr. Wu applied to resign from the position of the director of the Company (the " Director ") due to work adjustment.

Mr. Wu will continue to perform his duties as the Director of the Company accordingto relevant laws, regulations and the Articles of Association of the Company prior to the election and appointment of the new Director at the general meeting of the Company.

Mr. Wu confirms that he has no disagreement with the Board and nomatter relating to his resignation is required to be brought to the attention of the shareholders of theCompany.

The Board would like to take this opportunity to express their sinceregratitude to Mr. Wu for his contributions to the Company during his term of service.

PROPOSED APPOINTMENT OF DIRECTOR

The twenty-fourth meeting of the seventh session of the Board of the Company approved the "Proposal in relation to appointment of the Director of Yanzhou Coal Mining Company Limited" on 29 March 2019, and proposed to nominate Mr. Liu Jian (" Mr. Liu ") as the candidate ofthe executive Director of the Company and approved to submit the same to the 2018 annual general meeting of the Company for discussion and consideration.

The biographical details of Mr. Liu are as follows:

Mr. Liu Jian, born in February 1969,a Research Fellow in Applied Engineering Technology and a Master ofEngineering, is the Vice General Manager of the Company. Mr. Liu joined the predecessor of the Companyin 1992 and was appointed as the vice manager of Dongtan Coal Mine* (東灘煤礦) of theCompany in 2009. He was appointed as the manager of Jining No. 3 Coal Mine* (濟寧三號煤礦) and themanager of Dongtan Coal Mine* of the Company in 2014 and January 2016, respectively. InDecember 2016, he was appointed as the Vice General Manager of the Company. Mr. Liu also serves as the director of several subsidiaries of the Company, including YanmeiHezeNeng Hua Company Limited* (兗煤菏澤能化有限公司), Yanzhou Coal

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Shanxi Neng Hua Company Limited* (兗州煤業山西能化有限公司), Yancoal International (Holding) Company Limited* (兗煤國際（控股）有限公司) and YankuangDonghua Heavy Industry CompanyLimited* (兗礦東華重工有限公司). Mr. Liugraduated from Shandong University of Science and Technology.

Upon approval of the appointment of Mr. Liu by the shareholders of the Company, Mr. Liu will enter into a service contract with the Company for a term commencing from the conclusion of the general meeting which approves his appointment as a Director till the conclusion of the general meeting which elects and appoints the Directors of the eighth session of the Board, and may be re-elected at thegeneral meeting ofthe Company.

As at the date of this announcement, saved as disclosed above, Mr. Liu confirmed that: (i) he had notheld any directorships in any public companies the securities of which were listed on any securitiesmarket in Hong Kong and/or overseas in the past three years, nor held any other major appointment andprofessional qualification; (ii) he did not hold any other position with the Company or its subsidiaries; (iii)he did not have any interests in the shares or securities of the Company within the meaning of Part XV ofthe Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); and (iv) he did not haveany relationship with other current directors, senior management and substantial or controlling shareholders of theCompany.

The remuneration for Mr. Liu will bedetermined at the general meeting pursuant to the Articles of Association of theCompany and with reference to recommendations of the remuneration committee of the Boardin accordance with its terms of reference, taking into account of, among other matters, his duties, responsibilities, experience and current market conditions.

Save as disclosed in the announcement, the Board is not aware of any other matters regarding theproposed appointment of Mr. Liu as a Directorwhich are required to be disclosed pursuant to Rule13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited,or any other matter that is required to be brought to the attention of the shareholders of the Company.

The notice of the annual general meeting and a circular containing, among other matters, details of the proposed appointment of the Director, together with the details of the annual general meeting, will be dispatched to the shareholders of the Company as soon as practicable.

By order of the Board Yanzhou Coal Mining Company Limited Li Xiyong Chairman

Zoucheng, Shandong Province, the PRC 29 March 2019

As at the date of this announcement, the directors of the Company are Mr. Li Xiyong, Mr. Li Wei, Mr. Wu Xiangqian, Mr. Wu Yuxiang, Mr. GuoDechun,Mr. Zhao Qingchun and Mr. Guo Jun, and the independent nonexecutive directors of the Company are Mr. Kong Xiangguo, Mr. Cai Chang, Mr. Poon Chiu Kwok and Mr. Qi Anbang.

* For identification purposes only.

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