The Board of directors of Yancoal Australia Ltd. announced that Ms. Helen Gillies will step down as an Independent Non-Executive Director (INED) of Yancoal and as Chair of the Nomination and Remuneration Committee and a member of the Audit and Risk Management Committee, effective 9 February 2024, due to her intention to devote more time to her other business engagements. Ms. Gillies has confirmed that she has no disagreement with the Board and that there is no other matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company. Ms. Gillies was appointed as an INED on 30 January 2018 and during her tenure has overseen continued growth and transformation of the Yancoal business and various corporate initiatives including the dual listing on the Hong Kong Exchange.

The Board extends its sincere gratitude to Ms. Gillies for her invaluable service and significant contributions to the Company over the past 6 years since joining the Board. The Board wishes Ms. Gillies all the very best in her future endeavours. With Ms. Gillies' departure from the Board, the composition of the Board will comprise one Executive Director, four Non-Executive Directors and two INEDs.

As a result, the number of INEDs is less than one-third of the Board as required under Listing Rules 3.10A. Yancoal will use its best endeavours to appoint a new INED with suitable experience and qualifications to the Board to satisfy the requirement under Listing Rule 3.10A within three months of 9 February 2024. An announcement will be made by the Company when a new INED has been appointed and changes are made to the composition of the various Board committees.