E-Commodities Holdings Limited — Board/Management Information 2013

Dec 30, 2013

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.

==> picture [60 x 41] intentionally omitted <==

WINSWAY COKING COAL HOLDINGS LIMITED 永暉焦煤股份有限公司

(Incorporated in the British Virgin Islands with limited liability)

(Stock Code: 1733)

RESIGNATION OF EXECUTIVE DIRECTOR AND APPOINTMENT OF EXECUTIVE DIRECTOR

The Board announces the resignation of Mr. Cui Yong as an executive director of the Company and the appointment of Mr. Wang Chang Qing as an executive director of the Company with effect from 30 December 2013.

RESIGNATION OF EXECUTIVE DIRECTOR

The board of directors (the “ Board ”) of Winsway Coking Coal Holdings Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) announces that Mr. Cui Yong. (“ Mr. Cui ”) has tendered his resignation as an executive director of the Company with effect from 30 December 2013 in order to devote more time on his other work and the business operations of the Company. Mr. Cui will remain as a consultant to the Company.

Mr. Cui has confi rmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board wishes to express its sincere gratitude to Mr. Cui for his invaluable contribution to the Company during his period of service on the Board.

APPOINTMENT OF EXECUTIVE DIRECTOR

The Board is pleased to further announce that Mr. Wang Chang Qing, also known as Max Wang (“ Mr. Wang ”) has been appointed as an executive director of the Company with effect from 30 December 2013.

Mr. Wang, aged 52, is the President and CEO of Grande Cache Coal LP (“ GCC ”), a material subsidiary of the Group, a post he has held since January 2013. He is also appointed as the Executive Vice President of the Group with effect from 30 December 2013. Prior to joining the Company, Mr. Wang was with Suncor Energy Inc (the largest oil and gas company in Canada) as the Director of Engineering, Major Projects, as a result of the merger with Petro-Canada Inc. in 2009. Before joining Petro-Canada Inc. in 2006, Mr. Wang served for over 8 years in various positions including engineering/project manger, chief engineer and manger of the civil/structural/architectural Department at Bantrel Corporation, a subsidiary of Bechtel Corporation.

1

Mr. Wang graduated from the Southwest Jiaotong University, China, with a Bachelor’s Degree in Railway Engineering in 1982. He later obtained his Ph.D in Civil Engineering from the University of Calgary, Canada, in 1994. Mr. Wang is currently a registered professional engineer in Canada, and is a technical committee member of Canadian Standards on concrete materials, testing, construction and structure design. He is also a board director of the Coal Association of Canada.

As at the date of this announcement, Mr. Wang does not have any interest in shares or underlying shares in the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The Company will enter into a letter of appointment with Mr. Wang for an initial term commencing from 30 December 2013 until the next following annual general meeting of the Company and he will be subject to re-election at that meeting in accordance with the articles of association of the Company. Mr. Wang will be entitled to receive a director fee and compensation as the Executive Vice President of the Group of Canadian Dollars 200,000 per annum, in addition to his compensation of Canadian Dollars 350,000 per annum as the President and CEO of GCC.

Save as disclosed above, Mr. Wang has not held any directorships in other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years prior to the date of his appointment and does not hold any other position with the Company or its subsidiaries. As at the date of this announcement, other than his being the President and CEO of GCC, Mr. Wang does not have any relationship with any director, senior management, substantial shareholder or controlling shareholder of the Company.

Save as disclosed above, there is no other matter relating to the appointment of Mr. Wang that needs to be brought to the attention of the shareholders of the Company and there is no other information that needs to be disclosed pursuant to the requirements of Rule 13.51(2) of The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The Board expresses its warmest welcome to Mr. Wang on joining the Board.

By Order of the Board Winsway Coking Coal Holdings Limited Cao Xinyi Company Secretary

Hong Kong, 30 December 2013

As at the date of this announcement, the executive Directors of the Company are Mr. Wang Xingchun, Ms. Zhu Hongchan, Mr. Yasuhisa Yamamoto, Ms. Ma Li and Mr. Wang Chang Qing, the non-executive Directors of the Company are Mr. Daniel J. Miller, Mr. Liu Qingchun and Mr. Lu Chuan and the independent non-executive Directors of the Company are Mr. James Downing, Mr. Ng Yuk Keung, Mr. Wang Wenfu and Mr. George Jay Hambro.

2