The Board of directors of Yancoal Australia Ltd. announced the appointment of Mr. Ning Yue as an Executive Director and Co-Vice Chairman of the Yancoal Board effective 27 September 2023. Mr. Yue has also been appointed as the Chair of the Executive Committee (CEC) effective 27 September 2023. Mr. Yue, aged 45, is a senior engineer who graduated from China University of Mining and Technology.

He has more than 20 years of experience in coal mining operations and management. Mr. Yue joined the predecessor company of Yankuang Energy Group Company Limited (Yankuang Energy) in 2000, and has held several senior roles during his career, including Head of the Safety Technology Section of the Jinjitan Project Department of Nantun Coal Mine, Chief Engineer of the Jinjitan Coal Mine and subsequently General Manager of the Jinjitan Coal Mine. Mr. Yue is also a director of Shaanxi Future Energy Chemical Co., Ltd, a subsidiary of Yankuang Energy.

Mr. Yue has been appointed as a director to certain Yancoal and Yankuang Energy subsidiaries with effect from 27 September 2023 and may be appointed to additional Yancoal and Yankuang Energy subsidiaries in the future as and when business needs arise. The Board further announced that Mr. Ning Zhang has resigned as an Executive Director, Co-Vice Chairman of the Board, CEC and all related Group directorships effective 27 September 2023 to pursue new career opportunities. Following from the Company's announcement on 15 September 2023, in respect to the retirement of Mr. Baocai Zhang as Director and Chairman of the Company, the Board has appointed Chairman Gang Ru as a member of the Nomination and Remuneration Committee and will also be appointed as the Chair of the Strategy and Development Committee, with effect from 27 September 2023.

Concurrently with Mr. Ning Zhang's resignation as an executive director of Yancoal, Mr. Ning Zhang has resigned as a member of the Health, Safety, Environment and Community Committee, with effect from 27 September 2023. Mr. Yue has been appointed as a member of the Health, Safety, Environment and Community Committee, with effect from 27 September 2023. The Board further announced that Chairman Gang Ru has been appointed as an authorised representative of the Company under Rule 3.05 of the HK Listing Rules with effect from 27 September 2023.