The Board of directors of Yancoal Australia Ltd. announced the appointment of Mr. Ning Zhang as an Executive Director and Vice-Chair of Yancoal effective 20 March 2020. Mr. Zhang has also been appointed as the Chair of the Executive Committee ("CEC") effective 20 March 2020. Mr. Zhang During his near 30 year career with the Yankuang Group Mr. Zhang has held several senior roles, including Vice Director of the Finance Department and the Director of the Audit and Risk Department.

Mr. Zhang has been appointed as a director to certain Yancoal subsidiaries with effect from 20 March 2020 and may be appointed to additional Yancoal subsidiaries in the future as and when business needs arise. Mr. Zhang replaces Mr. Fucun Wang, who has resigned as an Executive Director, Vice-Chair of Yancoal and all related Group directorships effective 20 March 2020. Mr. Wang has resigned to pursue new career opportunities.

Mr. Lei Zhang has resigned as Yancoal's CFO effective 20 March 2020 to pursue new career opportunities. Concurrently with his resignation as an executive director of Yancoal, Mr. Wang has resigned as a member of the Health, Safety, Environment and Community Committee. Mr. Zhang has instead been appointed as a member of the Health, Safety, Environment and Community Committee with effect from 20 March 2020.