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    1898   CNE100000528

CHINA COAL ENERGY COMPANY LIMITED

(1898)
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China Coal Energy : ANNOUNCEMENT-PROPOSED APPOINTMENT OF EXECUTIVE DIRECTOR AND SHAREHOLDER REPRESENTATIVE SUPERVISOR

03/24/2021 | 06:12am 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.

ʕ਷ʕ๩ঐ๕ٰ΅Ϟࠢʮ̡

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

(Stock Code: 01898)

ANNOUNCEMENT

PROPOSED APPOINTMENT OF EXECUTIVE DIRECTOR AND

SHAREHOLDER REPRESENTATIVE SUPERVISOR

PROPOSED APPOINTMENT OF EXECUTIVE DIRECTOR

The board (the "Board") of directors of China Coal Energy Company Limited (the "Company") is pleased to announce that, on 24 March 2021, the Board resolved to propose to appoint Mr. Wang Shudong ("Mr. Wang") as an executive director of the fourth session of the Board, and such proposal will be submitted to the annual general meeting for the year of 2020 (the "AGM") of the Company for approval. The term of Mr. Wang as an executive director of the fourth session of the Board will commence from the date of approval of his appointment by the shareholders (the "Shareholders") of the Company at the AGM until the date of constitution of the fifth session of the Board.

According to the Articles of Association of the Company (the "Articles of Association"), the resolution in relation to the proposed appointment of executive director will be put forward at the AGM as an ordinary resolution.

* For identification purpose only

The biographical details of Mr. Wang are set out as follows:

Wang Shudong, born in 1964, is the Secretary of the Party Committee and Chairman of China National Coal Group Corporation. He graduated from the Department of Power Engineering in North China Electric Power University majoring in power plant thermal energy and power engineering and obtained a bachelor's degree in engineering in July 1986. In June 1996, Mr. Wang obtained a master's degree from the Department of Engineering in North China Electric Power University majoring in power plant thermal energy and power engineering. Mr. Wang is qualified as a Senior Engineer and entitled to the special government allowance of the State Council. Mr. Wang has served as the member of the Party Committee, Deputy General Manager and Chief Engineer of China Power Investment Corporation (CPI) Northeast China Branch, the Deputy General Manager of CPI Huolinhe Coal Power Co., Ltd., the Chairman and Secretary of the Party Committee of CPI Huolinhe Coal-Power Group Co., Ltd., the Chairman and Secretary of the Party Committee of CPI Mengdong Energy Group Co., Ltd., the Director of the General Office of China Power Investment Corporation Limited, the Assistant to General Manager and Director of the General Office of China Power Investment Corporation Limited, the Assistant to General Manager of State Power Investment Corporation Limited, the member of Party Committee and Deputy General Manager of State Power Investment Corporation Limited. Mr. Wang has long been engaged in the coal and power industry, and has extensive experience in corporate strategic planning, operation and management, etc.

Save as disclosed above and as at the date of this announcement, Mr. Wang does not have any relationship with any directors, supervisors, senior management, substantial shareholder(s) or controlling shareholder(s) of the Company or hold any other positions in the Company or any of its subsidiaries, or any directorships in other listed companies in the last three years.

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

Upon approval of Mr. Wang's appointment at the AGM, Mr. Wang will enter into a service contract with the Company for a term commencing from the date of appointment until the date of constitution of the fifth session of the Board. Mr. Wang will not receive any emolument from the Company.

Save as disclosed above and as at the date of this announcement, the Board is not aware of any other matters in relation to Mr. Wang's proposed appointment as an executive director that need to be brought to the attention of the Shareholders nor any information that is required to be disclosed pursuant to Rules 13.51(2)(h) to 13.51(2)(v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

PROPOSED APPOINTMENT OF SHAREHOLDER REPRESENTATIVE SUPERVISOR

On 24 March 2021, the Supervisory Committee (the "Supervisory Committee") of the Company resolved to propose to appoint Ms. Zhang Qiaoqiao ("Ms. Zhang") as a shareholder representative supervisor of the fourth session of the Supervisory Committee, and such proposal will be submitted to the AGM for approval. The term of Ms. Zhang as a shareholder representative supervisor of the fourth session of the Supervisory Committee will commence from the date of approval of her appointment by the Shareholders at the AGM until the date of constitution of the fifth session of the Supervisory Committee.

According to the Articles of Association, the resolution in relation to the proposed appointment of shareholder representative supervisor will be put forward at the AGM as an ordinary resolution.

The biographical details of Ms. Zhang are set out as follows:

Zhang Qiaoqiao, born in 1972, is the General Manager of the Legal Affairs Department of China National Coal Group Corporation, the General Manager of the Legal Affairs Department of the Company, the member of the Legal Expert Committee of the Coal Industry Committee of Technology and the Standing Director of the Energy Law Research Committee of the China Law Society. Ms. Zhang graduated from the Capital University of Economics and Business majoring in economic laws and obtained a bachelor's degree in law in July 1995. In September 2003, Ms. Zhang obtained a master degree in international commercial law from the University of Nottingham in England, and qualified as a Senior Economist, Practitioner as Corporate Legal Advisor and Senior Risk Manager. In 2015, she was awarded as the Top 10 Legal Advisor in State-owned Enterprises, and served as the Deputy Office Chief in the Legal Affairs Department of China National Coal Group Corporation. Ms. Zhang is familiar with civil and commercial laws, company laws, energy laws and international commercial laws, and has extensive experience in corporate legal compliance and management.

Save as disclosed above and as at the date of this announcement, Ms. Zhang does not have any relationship with any directors, supervisors, senior management, substantial shareholder(s) or controlling shareholder(s) of the Company or hold any other positions in the Company or any of its subsidiaries, or any directorships in other listed companies in the last three years.

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

Upon approval of Ms. Zhang's appointment at the AGM, Ms. Zhang will enter into a service contract with the Company for a term commencing from the date of appointment until the date of constitution of the fifth session of the Supervisory Committee. Ms. Zhang will receive emolument from the institution where she works.

Save as disclosed above and as at the date of this announcement, the Company is not aware of any other matters in relation to Ms. Zhang's proposed appointment as a shareholder representative supervisor that need to be brought to the attention of the Shareholders nor any information that is required to be disclosed pursuant to Rules 13.51(2)(h) to 13.51(2)(v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

A notice of the AGM containing detailed information in relation to the above-mentioned proposals will be dispatched to the Shareholders in due course.

By Order of the Board

China Coal Energy Company Limited

Peng Yi

Vice Chairman of the Board, Executive Director

Beijing, the PRC

24 March 2021

As at the date of this announcement, the executive director of the Company is Peng Yi; the non-executive directors of the Company are Du Ji'an, Zhao Rongzhe and Xu Qian; and the independent non-executive directors of the Company are Zhang Ke, Zhang Chengjie, and Leung Chong Shun.

Disclaimer

China Coal Energy Company Limited published this content on 24 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2021 11:12:09 UTC.


© Publicnow 2021
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Sales 2021 196 B 30 704 M 30 704 M
Net income 2021 14 035 M 2 198 M 2 198 M
Net Debt 2021 54 807 M 8 585 M 8 585 M
P/E ratio 2021 4,50x
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EV / Sales 2021 0,74x
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Nbr of Employees 41 593
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Number of Analysts 12
Last Close Price 4,40 CNY
Average target price 5,07 CNY
Spread / Average Target 15,2%
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Managers and Directors
Qiao Lin Chai Chief Financial Officer
Wen Zhang Wang Chairman-Supervisory Board
Shu Dong Wang Chairman
Ke Zhang Independent Non-Executive Director
Cheng Jie Zhang Independent Non-Executive Director