The Board of Directors of Yancoal Australia Ltd. announced the appointment of Mr. Changyi Zhang ("Mr. Zhang") as a non-executive Director and a member of the Strategy and Development Committee effective 20 April 2023. Mr. Zhang, aged 57, started his career working at China Construction Bank in 1987 and joined China Cinda Asset Management Co. Ltd. ("China Cinda") in 1999.

From 2008 to 2016, he served as the general manager of China Cinda Shandong Branch and the general manager of the Planning & Finance Department and the Finance & Accounting Department of China Cinda. In 2017, Mr. Zhang was appointed as the general manager of the Strategic Client Department IV of China Cinda, responsible for the overall work of the department, and led the completion of several overseas merger and acquisition investment. Mr. Zhang is also currently the Chairman of Hebei Xinhua Energy Technology Group Co.

Ltd. Mr. Zhang graduated from Zhongnan University of Economics and Law. He is a senior accountant with an MBA degree. He has rich experience in financial management, business management, investment and financing.

The Board further announced that Mr. Feng Xing (Mr. Feng) has resigned as a non-executive Director and a member of the Strategy and Development Committee with effect from 20 April 2023 due to work arrangement changes within China Cinda. Mr. Feng has confirmed that he has no disagreement with the Board and that there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.