The board of directors of Yancoal Australia Ltd, together with its subsidiaries announced the appointment of Mr. David James Moult as Yancoal's new Chief Executive Officer (CEO) effective 9 March 2020. Mr. Moult is an experienced CEO and company director with a career that spans over 40 years across the global mining and coal industries. Mr. Moult was appointed as an independent non-executive director of Yancoal in January 2018.

Mr. Moult has resigned as an independent non-executive director of Yancoal, with his resignation effective concurrently with his appointment as CEO. In connection with Mr. Moult's resignation as an independent non-executive director, he has confirmed that he has no disagreement with the Board. Concurrently with his resignation as an independent non-executive director of Yancoal, Mr. Moult has resigned as the chair of the Health, Safety, Environment and Community Committee and as a member of the Audit and Risk Management Committee and the Nomination and Remuneration Committee.

Dr. Geoffrey William Raby has been appointed as the chair of the Health, Safety, Environment and Community Committee and a member of the Nomination and Remuneration Committee. Mr. Moult replaces Mr. Reinhold Hans Schmidt, who has resigned as the CEO and all related Group directorships effective 8 March 2020 to pursue new career opportunities.