E-Commodities Holdings Limited — Capital/Financing Update 2010

Nov 1, 2010

Unless otherwise defi ned in this announcement, terms defi ned in the prospectus dated 27 September 2010 (the “ Prospectus ”) issued by Winsway Coking Coal Holdings Limited (the “ Company ”) have the same meanings when used in this announcement.

The Company makes this announcement pursuant to section 9(2) of the Securities and Futures (Price Stabilising) Rules (Chapter 571W of the Laws of Hong Kong) and this announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of the Company.

The information contained herein does not constitute or form part of any offer of securities for sale in the United States. The Shares mentioned herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “ US Securities Act ”), or any state securities laws of the United States and may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act. The Shares mentioned herein are being sold outside the United States in offshore transactions in accordance with Rule 903 or Rule 904 of Regulation S under the US Securities Act and in the United States to “qualifi ed institutional buyers” in reliance on Rule 144A under the US Securities Act or another exemption from the Registration Requirements of the US Securities Act. This announcement is not for distribution in or into the United States. No public offering of securities will be made by the Company in the United States.

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “ Hong Kong Stock Exchange ”) and Hong Kong Securities Clearing Company 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)

STABILISING ACTIONS AND END OF STABILISATION PERIOD

The Company announces that the stabilisation period in connection with the Global Offering ended on 30 October 2010.

The stabilising actions undertaken during the stabilisation period were:

• 1 over-allocations of an aggregate of 148,500,000 Shares in the International Placing;

• 2 the borrowing of an aggregate of 148,500,000 Shares from Winsway Resources Holdings Limited solely to cover over-allocations in the International Placing;

• 3 the purchase of a total of 64,474,000 Shares in the price range of HK$3.36 to HK$3.70 per Share on the market, representing approximately 6.51% of the initial number of Offer Shares available under the Global Offering before any exercise of the Over-allotment Option; and

• 4 the partial exercise of the Over-allotment Option by Goldman Sachs (Asia) L.L.C. (the “ Stabilising Manager ”) on behalf of the International Underwriters on 30 October 2010 in respect of an aggregate of 84,026,000 Shares.

1

The Company makes this announcement pursuant to section 9(2) of the Securities and Futures (Price Stabilising) Rules (Chapter 571W of the Laws of Hong Kong) and announces that the stabilisation period in connection with the Global Offering ended on 30 October 2010.

The stabilising actions undertaken during the stabilisation period were:

1. over-allocations of an aggregate of 148,500,000 Shares in the International Placing;

2. the borrowing of an aggregate of 148,500,000 Shares from Winsway Resources Holdings Limited pursuant to the stock borrowing agreement dated 4 October 2010 entered into between Winsway Resources Holdings Limited and Goldman Sachs International solely to cover over-allocations in the International Placing. Such Shares will be returned and redelivered to Winsway Resources Holdings Limited in accordance with the terms of such stock borrowing agreement;

3. the purchase of a total of 64,474,000 Shares in the price range of HK$3.36 to HK$3.70 per Share on the market, representing approximately 6.51% of the initial number of Offer Shares available under the Global Offering before any exercise of the Over-allotment Option; and

4. the partial exercise of the Over-allotment Option by Goldman Sachs (Asia) L.L.C. (the “ Stabilising Manager ”) on behalf of the International Underwriters on 30 October 2010 in respect of an aggregate of 84,026,000 Shares.

The last purchase made on the market during the course of the stabilisation period was on 21 October 2010 at the price of HK$3.65 per Share.

The Over-allotment Option was partially exercised by the Stabilising Manager on behalf of the International Underwriters on 30 October 2010 in respect of an aggregate of 84,026,000 Shares (the “ Over-allotment Shares ”), representing approximately 8.49% of the initial number of Offer Shares available under the Global Offering, at the Offer Price of HK$3.70 per Share (excluding brokerage of 1%, SFC transaction levy of 0.003% and Hong Kong Stock Exchange trading fee of 0.005%). The Over-allotment Shares will be used to facilitate the return in full to Winsway Resources Holdings Limited of 148,500,000 borrowed Shares which were used solely to cover overallocations in the International Placing. Details of the exercise of the Over-allotment Option are more particularly described in the Company’s announcement dated 31 October 2010.

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

Hong Kong, 1 November 2010

As at the date of this announcement, the executive Directors of the Company are Mr. Wang Xingchun, Ms. Zhu Hongchan, Mr. Yasuhisa Yamamoto, Mr. Apolonius Struijk and Mr. Cui Yong, the non-executive Directors of the Company are Mr.Cui Guiyong, Mr. Liu Qingchun and Mr. Lu Chuan and the independent non-executive Directors are Mr. James Downing, Mr. Ng Yuk Keung, Mr. Wang Wenfu and Mr. George Jay Hambro.

2