Inner Mongolia Yitai Coal : SUPPLEMENTARY NOTICE OF EXTRAORDINARY GENERAL MEETING

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this notice, 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 notice.

SUPPLEMENTARY NOTICE OF EXTRAORDINARY GENERAL MEETING

Reference is made to the notice of the EGM of Inner Mongolia Yitai Coal Co., Ltd. (the "Company") dated 17 January 2020 which set out the resolution to be considered by Shareholders at the EGM to be convened at Room 1, Conference Center, Building of Inner Mongolia Yitai Coal Co., Ltd., Ordos, Inner Mongolia, the People's Republic of China (the "PRC") at 3:00 p.m. on Friday, 6 March 2020. Unless indicated otherwise, capitalised terms used in this supplementary notice shall have the same meanings as those defined in the circular (the "Circular") of the Company dated 20 February 2020.

SUPPLEMENTARY NOTICE is hereby given that the EGM will be held as originally scheduled. In addition to the resolution set out in the notice of the EGM dated 17 January 2020 (the "Notice of EGM"), the following resolution will be considered and approved:

AS ADDITIONAL ORDINARY RESOLUTION

1. To consider and approve the resolution in relation to the Supplemental Agreements to the Coal Mines Overall Entrusted Management Agreements entered into by the Company and its holding subsidiaries, respectively.

• For identification purposes only

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References are also made to the announcements of the Company dated 15 January 2020 and 20 January 2020 (these "Announcements"). According to these Announcements, the Entrusted Management constitutes a major transaction of the Company. Having reassessed the situation and accounting treatment of the Entrusted Management, the Company now considers that the Entrusted Management falls within the provisions of Rule 14.04(1)(g) of the Listing Rules, the Entrusted Management does not constitute a notifiable transaction under Chapter 14 of the Listing Rules but is still subject to the consideration and approval of the Shareholders at the EGM according to relevant domestic provisions. Further information will be disclosed in the Circular.

By order of the Board

Inner Mongolia Yitai Coal Co., Ltd.*

Zhang Jingquan

Chairman

Inner Mongolia, the PRC, 20 February 2020

As at the date of this notice, the executive directors of the Company are Mr. Zhang Jingquan, Mr. Liu Chunlin, Mr. Ge Yaoyong, Mr. Zhang Dongsheng, Mr. Liu Jian, Mr. Lv Guiliang and Mr. Lv Junjie; and the independent non-executive directors of the Company are Mr. Zhang Zhiming, Mr. Huang Sujian, Mr. Wong Hin Wing and Ms. Du Yingfen.

Notes:

1. Save for the inclusion of the newly submitted resolution, there are no other changes to the resolution set out in the Notice of the EGM. For the details and other matters in relation to the other resolution(s) to be considered at the EGM, please refer to the notice of the EGM and the Circular.
2. Since the form of proxy sent together with the Circular (the "First Form of Proxy") does not contain the additional proposed resolution as set out in this supplementary notice, a new form of proxy (the "Revised Form of Proxy") has been prepared and is enclosed with this supplementary notice.
3. The Revised Form of Proxy for use at the EGM is enclosed and is also published on the website of The Stock Exchange of Hong Kong Limited (www.hkexnews.hk) and the Company's website (www.yitaicoal.com). Whether or not you intend to attend the EGM, you are requested to complete and return the enclosed Revised Form of Proxy in accordance with the instructions printed thereon not less than 24 hours before the time fixed for holding the EGM or any adjournment thereof (as the case may be). Completion and return of the Revised Form of Proxy will not preclude you from attending the EGM and voting in person if you so wish.
4. A Shareholder who has not yet lodged the First Form of Proxy in accordance with the instructions printed thereon is requested to lodge the Revised Form of Proxy if he or she wishes to appoint proxies to attend the EGM on his or her behalf. In this case, the First Form of Proxy should not be lodged.

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1. A Shareholder who has already lodged the First Form of Proxy in accordance with the instructions printed thereon should note that:
2. 1. If no Revised Form of Proxy is lodged in accordance with the instructions printed thereon, the First Form of Proxy will be treated as a valid form of proxy lodged by the Shareholder if duly completed. The proxy appointed under the First Form of Proxy will also be entitled to vote in accordance with the instructions previously given by the Shareholder or at his/her discretion (if no such instructions are given) on any resolution(s) properly put to the EGM, including the additional proposed resolution as set out in this supplementary notice.
   2. If the Revised Form of Proxy is lodged in accordance with the instructions printed thereon not less than 24 hours before the time appointed to hold the EGM or any adjourned meeting (the "Closing Time"), the Revised Form of Proxy will be treated as a valid form of proxy lodged by the Shareholder if duly completed.
   3. If the Revised Form of Proxy is lodged after the Closing Time, the Revised Form of Proxy will be deemed invalid. It will not revoke the First Form of Proxy previously lodged by the Shareholder. The First Form of Proxy will be treated as a valid form of proxy if duly completed. The proxy appointed under the First Form of Proxy will also be entitled to vote in accordance with the instructions previously given by the Shareholder or at his/her discretion (if no such instructions are given) on any resolution(s) properly put to the EGM, including the additional proposed resolution as set out in this supplementary notice.
3. Shareholders are reminded that completion and return of the First Form of Proxy and/or the Revised Form of Proxy will not preclude them from attending and voting in person at the EGM or any adjournment thereof.

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