CStone Pharmaceuticals — Capital/Financing Update 2019

Jan 4, 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)

VOLUNTARY ANNOUNCEMENT UPDATE ON DEBT FINANCING TRANSACTION OF AN OVERSEAS SUBSIDIARY

This announcement is made by Yanzhou Coal Mining Company Limited (the " Company ") on a voluntary basis.

Reference is made to the announcements (the " Announcements ") of the Company dated 17 February 2016, 1 April 2016 and 30 September 2016 in relation to the debt financing transaction of Yancoal Australia Limited (" Yancoal Australia ", an overseas subsidiary of the Company). Unless otherwise specified, capitalized terms used herein shall have the same meaning as defined in the Announcements.

The board of directors of the Company (the " Board ") hereby announces that, as informed by Yancoal Australia, one of the Bonds Holders, BOCI Financial Products Limited (" BOCIF "), holding Bonds in aggregate principal amount of US$200 million (the " BOCIF Put Bonds "), has exercised its Put Options on 4 January 2019 to transfer the BOCIF Put Bonds to Yankuang Group at face value (the “ Transfer of BOCIF Put Bonds ”). Following the Transfer of BOCIF Put Bonds, Yankuang Group will become the holder of the BOCIF Put Bonds, i.e. a Bonds Holder. As disclosed in the Announcements, even if Yankuang Group becomes a Bonds Holder, Yankuang Group will not have the right to appoint directors of the Bonds Issuer and will not have any rights to guarantee and mortgages or other rights under the Bonds.

Following the Transfer of BOCIF Put Bonds, Yancoal Australia will continue to account the Bonds Issuer as an "investment accounted for using the equity method" in Yancoal Australia's balance sheet and appropriate disclosure of the financial position and financial performance of the Bonds Issuer will continue to be included in the accounting notes in accordance with applicable accounting standards.

The Company will make further announcement(s) in relation to the debt financing transaction of Yancoal Australia in accordance with the requirements of the Hong Kong Listing Rules as and when appropriate.

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

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Zoucheng, Shandong Province, the PRC 4 January 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. Guo Dechun, 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.

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