Yanzhou Coal Mining : ANNOUNCEMENT ON RESULTS OF THE ISSUANCE OF THE 2021 FIRST TRANCHE OF SUPER-SHORT-TERM BONDS

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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 (the "PRC")

with limited liability)

(Stock Code: 1171)

ANNOUNCEMENT ON RESULTS OF THE ISSUANCE OF THE 2021

FIRST TRANCHE OF SUPER-SHORT-TERM BONDS

This announcement is made pursuant to Part XIVA of the Securities and Futures Ordinance and Rules 13.09(2)(a) and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

On 19 April 2019, Yanzhou Coal Mining Company Limited (the "Company") was approved to register issuance of financing instruments for a term of two years. For more details, please refer to the announcement of the Company dated 6 May 2019 regarding the approval of registration of the issuance of financing instruments.

On 11 March 2021, the Company successfully issued the 2021 first tranche of super-short-term bonds (the "Issuance"). The proceeds from the Issuance is RMB2.0 billion, which has been received by the Company by 15 March 2021.

The details of the Issuance are as follows:

Key terms of the Issuance

2021 first tranche of

super-short-term

bonds of Yanzhou Coal Mining Company

Limited

Abbreviation 21YanzhoumeiyeSCP001

Code	012100979	Term	180 days
Value date	15 March 2021	Redemption date	11 September 2021
Proposed issuance amount	RMB2.0 billion	Actual issuance amount	RMB2.0 billion
Interest rate	3.2%	Issue price	RMB100 per unit (each with RMB100 face value)
Bookrunner	Postal Savings Bank of China LLC
Lead underwriter	Postal Savings Bank of China LLC
Joint lead underwriter	Bank of Communications Co., Ltd.

Please refer to the website of Chinamoney (www.chinamoney.com.cn)and the website of Shanghai Clearing House (www.shclearing.com) for the relevant documents for the Issuance.

By order of the Board Yanzhou Coal Mining Company Limited

Li Xiyong

Chairman of the Board

Zoucheng, Shandong Province, the PRC

15 March 2021

As at the date of this announcement, the directors of the Company are Mr. Li Xiyong, Mr. Liu Jian, Mr. Wu Xiangqian, Mr. Zhao Qingchun, Mr. He Jing and Mr. Wang Ruolin, and the independent non-executive directors of the Company are Mr. Tian Hui, Mr. Zhu Limin, Mr. Cai Chang and Mr. Poon Chiu Kwok