Yankuang Group Finance Co., Ltd. announced that it has entered into an agreement for a private placement of common shares for gross proceeds of CNY 2,012,100,000 on August 27, 2021. The transaction will include participation from existing investors Yanzhou Coal Mining Company Limited for CNY 1,911,495,000 to retain its 95% stake, among which CNY 1,425,000,000 will be accounted as the registered capital of the company and the remaining amount will be accounted as the capital reserve, and Shandong Energy Group Co., Ltd. for CNY 100,605,000 to retain its 5% stake, among which CNY 75,000,000 will be accounted as the registered capital of the company and the remaining amount will be accounted as the capital reserve. The investors will increase the registered capital of the company in proportion to their respective shareholding interest. Upon completion, the registered share capital of the company will increase from CNY 2,500,000,000 to CNY 4,000,000,000. The investors will make payment within 30 business days of approval from relevant regulatory agencies. The transaction has been approved by the fifteenth meeting of the eighth session of the board of directors of Yanzhou Coal Mining Company Limited.