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    1898   CNE100000528

CHINA COAL ENERGY COMPANY LIMITED

(1898)
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China Coal Energy : ANNOUNCEMENT-POLL RESULTS OF THE AGM FOR THE YEAR 2020 HELD ON TUESDAY, 11 MAY 2021 APPOINTMENT OF SHAREHOLDER REPRESENTATIVE SUPERVISOR

05/12/2021 | 07:08am EDT

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.

(A joint stock limited company incorporated in the People's Republic of China with

limited liability)

(Stock code: 01898)

ANNOUNCEMENT

POLL RESULTS OF THE AGM FOR THE YEAR 2020

HELD ON TUESDAY, 11 MAY 2021 APPOINTMENT OF SHAREHOLDER REPRESENTATIVE SUPERVISOR

The board of directors (the "Board") of China Coal Energy Company Limited (the "Company") is pleased to announce that the annual general meeting for the year 2020 of the Company (the "AGM") was held at 3:00 p.m. on Tuesday, 11 May 2021 and all the resolutions proposed at the AGM were duly passed by the shareholders of the Company (the "Shareholders") by way of poll.

Reference is made to the notice of the AGM dated 24 March 2021 (the "Notice"). Unless otherwise indicated, the capitalized terms used in this announcement shall have the same meanings as those defined in the Notice.

  1. RESULTS OF THE AGM

The Board is pleased to announce that the AGM was held at 3:00 p.m. on Tuesday, 11 May 2021 at China Coal Building, No. 1 Huangsidajie, Chaoyang District, Beijing, the People's Republic of China (the "PRC"). All the resolutions proposed at the AGM were duly passed. The Shareholders holding in aggregate 10,099,839,681 shares (representing approximately 76.17540% of the total issued shares of the Company), were present in person or by proxy at the AGM, and the holding of the AGM therefore was in compliance with the requirements of the Company Law and the articles of association of the Company (the "Articles of Association"), the non-executive director of the Board, Mr. Du Ji'an, chaired the AGM.

* For identification purpose only

As at the date of the AGM, a total of 13,258,663,400 shares of the Company were in issue. In accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, China National Coal Group Corporation and its associates, directly and indirectly, holding an aggregate of 7,737,558,608 shares of the Company, representing approximately 58.36% of the total issued share capital of the Company, abstained from voting on the Resolution 8 proposed at the AGM. The total shares entitling Shareholders to attend and vote on Resolution 8 proposed at the AGM were 5,521,104,792 shares, and the total shares entitling Shareholders to attend and vote on resolutions other than Resolution 8 proposed at the AGM were 13,258,663,400 shares.

There were no shares entitling the holders to attend and vote only against the resolutions proposed at the AGM and save as disclosed above, there were no restrictions on any Shareholders casting votes on the resolutions proposed at the AGM and no party has stated its intention to vote against the resolutions proposed at the AGM or to abstain from voting.

All the resolutions at the AGM were put to vote by way of poll. The voting results in respect of the resolutions at the AGM are as follows:

Number of Votes

ORDINARY RESOLUTIONS

(Percentage of Total Number of Votes)

For

Against

Abstain

1.

To consider and, if thought fit,

10,095,228,252

1,166,429

3,445,000

to approve the report of the

board of directors of the

(99.95434%)

(0.01155%)

(0.03411%)

Company for the year ended 31

December 2020.

As more than 50% of the votes were cast in favour of this resolution, the

resolution was duly passed as an ordinary resolution.

2.

To consider and, if thought fit,

10,095,228,252

1,166,429

3,445,000

to approve

the report of the

(99.95434%)

(0.01155%)

(0.03411%)

supervisory

committee of the

Company for the year ended 31

December 2020.

As more than 50% of the votes were cast in favour of this resolution, the

resolution was duly passed as an ordinary resolution.

3.

To consider and, if thought fit,

10,086,987,052

9,407,629

3,445,000

to approve the audited financial

(99.87274%)

(0.09315%)

(0.03411%)

statements of the Company for

the year ended 31 December

2020.

As more than 50% of the votes were cast in favour of this resolution, the

resolution was duly passed as an ordinary resolution.

4.

To consider and, if thought fit,

10,099,838,681

1,000

0

to approve the profit distribution

(99.99999%)

(0.00001%)

(0.00000%)

proposal of the Company for the

year ended 31 December 2020

and to authorize the board of

directors of the Company to

implement

the

aforesaid

distribution.

As more than 50% of the votes were cast in favour of this resolution, the

resolution was duly passed as an ordinary resolution.

5.

To consider and, if thought fit,

10,099,824,281

1,000

14,400

to

approve

the

capital

(99.99985%)

(0.00001%)

(0.00014%)

expenditure

budget

of

the

Company for the year ending 31

December 2021.

As more than 50% of the votes were cast in favour of this resolution, the

resolution was duly passed as an ordinary resolution.

6.

To consider and, if thought fit,

10,099,824,681

1,000

14,000

to approve the appointment of

(99.99985%)

(0.00001%)

(0.00014%)

the

Company's

domestic

and

international

auditors

for

the

financial year of 2021 and to

authorize the board of directors

of the Company to determine

their respective remunerations.

As more than 50% of the votes were cast in favour of this resolution, the

resolution was duly passed as an ordinary resolution.

7.

To consider and, if thought fit,

10,099,824,681

1,000

14,000

to approve the emoluments of

(99.99985%)

(0.00001%)

(0.00014%)

the directors of the board and the

supervisors of

the supervisory

committee of the Company for

the year of 2021.

As more than 50% of the votes were cast in favour of this resolution, the

resolution was duly passed as an ordinary resolution.

8.

To consider and, if thought fit, to

approve the request of the

2,362,265,673

1,400

132,365,000

controlling shareholder to change

(94.69395%)

(0.00006%)

(5.30599%)

its due undertaking to avoid

horizontal competition.

As more than 50% of the votes were cast in favour of this resolution, the

resolution was duly passed as an ordinary resolution.

ORDINARY RESOLUTIONS

Number of Votes

(BY CUMULATIVE VOTING

(Percentage of Total Number of Votes

METHOD)

of Shareholders Present at the

Meeting)

9.00

To consider and, if thought fit, to approve the appointment of executive

director(s) of the Company:

9.01

To consider and, if thought fit, to

10,076,672,069

approve the appointment of Mr.

(99.77061%)

Wang Shudong as an executive

director of the fourth session of

the board of directors of the

Company.

Mr. Wang Shudong was appointed as an executive director of the fourth

session of the board of directors of the Company.

10.00

To consider and, if thought fit, to approve the appointment of shareholder

representative supervisor(s) of the Company:

10.01

To consider and, if thought fit, to

10,047,383,050

approve the appointment of Ms.

(99.48062%)

Zhang Qiaoqiao as a shareholder

representative supervisor of the

fourth session of the supervisory

committee of the Company.

Ms. Zhang Qiaoqiao was appointed as a shareholder representative supervisor

of the fourth session of the supervisory committee of the Company.

The representatives of the shareholders and supervisors of the Company, the domestic legal advisor of the Company, and Computershare Hong Kong Investor Services Limited, the H share registrar of the Company, acted as the scrutineers in respect of the voting at the AGM.

  1. PAYMENT OF THE FINAL DIVIDEND

Declaration and payment of a final dividend of RMB0.134 per share (tax inclusive) was approved at the AGM. The dividend of H shares will be paid to the holders of H shares whose names appear on the register of members of the Company on Thursday, 20 May 2021 (the "Record Date"). The register of members of the Company will be closed from Saturday, 15 May 2021 to Thursday, 20 May 2021 (both days inclusive), during which

period no transfer of shares of the Company will be registered.

According to the Articles of Association, dividend will be denominated and declared in Renminbi. Dividend on A shares will be paid in Renminbi and dividend on H shares will be paid in Hong Kong dollars. The amount of dividend payable in Hong Kong dollars is calculated based on the average exchange rate of Hong Kong dollars to Renminbi as announced by the People's Bank of China in the five business days prior to 11 May 2021, being the date of dividend declaration (HK$1.00 equivalent to RMB0.83283).

If the domicile of an individual H Shareholder is inconsistent with his/her registered address, such individual H Shareholder shall provide relevant supporting documents in person to the H share registrar of the Company, Computershare Hong Kong Investor Services Limited at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong at or before 4:30 p.m. on Friday, 14 May 2021. Upon examination of the supporting documents by the relevant tax authorities, the Company will follow the guidance given by the tax authorities to implement relevant tax withholding and payment provisions and arrangements. Alternatively, individual H Shareholders may either personally or appoint a representative to attend to the procedures in accordance with the requirements under relevant laws and regulations and notices if they fail to provide the relevant supporting documents to the H share registrar of the Company, Computershare Hong Kong Investor Services Limited, within the time period stated above.

The Company has appointed Bank of China (Hong Kong) Trustees Limited as the receiving agent of H shares in Hong Kong (the "Receiving Agent") and will pay to such Receiving Agent final dividend declared for payment to holders of H shares. Final dividend will be paid by the Receiving Agent and relevant cheques will be despatched on Friday, 25 June 2021 to holders of H shares entitled to receive such dividend by ordinary post at their own risk.

The Company will withhold and pay relevant income taxes strictly in accordance with the relevant laws, regulations and requirements of the relevant regulatory departments and strictly based on the Company's register of members of H shares on the Record Date. The Company assumes no liability whatsoever in respect of and will not entertain any claims arising from any delay in, or inaccurate determination of, the status of the shareholders or any disputes over the mechanism of withholding payment of relevant income taxes. Details of relevant income tax withholding and payment arrangement are set out in the 2020 annual report of the Company, and investors shall carefully read such arrangement in the 2020 annual report of the Company.

Investors' attention should be drawn to the announcement regarding the detailed arrangement of the distribution of dividend for A shares of the Company to be published separately.

  1. APPOINTMENT OF SHAREHOLDER REPRESENTATIVE SUPERVISOR

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

China Coal Energy Company Limited published this content on 11 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 11:07:04 UTC.


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P/E ratio 2021 4,95x
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