Yanzhou Coal Mining : YANCOAL INTERNATIONAL RESOURCES DEVELOPMENT CO., LIMITED US$500,000,000 Senior Guaranteed Perpetual Capital Securities Redemption Notice

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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities.

These materials contained in this announcement are not for distribution, publication or circulation, directly or indirectly, in or into the United States.

This announcement is solely for the purpose of reference and does not constitute an offer of securities for sale or an

invitation to purchase securities in the United States or any other jurisdiction. The securities described herein have not been and will not be registered under the U.S. Securities Act of 1933 (the ''U.S. Securities Act'') or under any securities

laws of any state or other jurisdiction of the United States. Unless exempt from registration and in compliance with the securities laws of any state or other jurisdiction of the United States, the securities described herein may not be sold, offered for sale, resold, transferred or delivered, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act). There will be no public offer or sale of the securities described herein in the United States or to, or for the benefit of, any U.S. persons or in any other jurisdiction.

YANCOAL INTERNATIONAL RESOURCES DEVELOPMENT CO., LIMITED

(Incorporated with limited liability in Hong Kong under the Companies Ordinance)

as Issuer

US$500,000,000 Senior Guaranteed Perpetual Capital Securities

(Stock Code: 5424)

unconditionally and irrevocably guaranteed by

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)

REDEMPTION NOTICE

Pursuant to condition 5(b) (Redemption at the option of the Issuer) of the terms and conditions of the US$500,000,000 Senior Guaranteed Perpetual Capital Securities (the ''Securities'') set out in the offering memorandum in relation to the Securities, Yancoal International Resources Development Co., Limited (the ''Issuer'') hereby gives notice that it will redeem all, but not some only, of the Securities on 13 April 2020 (the ''First Reset Date''), at the principal amount of the Securities together with any Distribution accrued to such Call Date (including any Arrears of Distribution and any Additional Distribution Amount).

- 1 -

As at the date of this announcement, the outstanding amount of the Securities is US$500,000,000. Upon redemption and cancellation of the outstanding amount of the Securities on the First Reset Date, there will be no Securities in issue. Accordingly, the Issuer will make an application to The Stock Exchange of Hong Kong Limited for the Securities to be delisted.

9 March 2020

As at the date of this announcement, the directors of Yancoal International Resources Development Co., Limited are Mr. Li Wei, Mr. Wu Xiangqian, Mr. Liu Jian, Mr. Zhao Qingchun and Mr. Jin Qingbin.

As at the date of this announcement, the directors of Yanzhou Coal Mining Company Limited are Mr. Li Xiyong, Mr. Li Wei, Mr. Wu Xiangqian, Mr. Liu Jian, Mr. Guo Dechun, Mr. Zhao Qingchun and Mr. Guo Jun, and the independent non-executive directors of the Company are Mr. Kong Xiangguo, Mr. Cai Chang, Mr. Poon Chiu Kwok and Mr. Qi Anbang.

- 2 -