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兗州煤業股份有限公司

YANZHOU COAL MINING COMPANY LIMITED

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1171)

ANNOUNCEMENT ON THE UNAUDITED MAJOR OPERATIONAL DATA OF THE

FIRST QUARTER OF 2021

This is a voluntary announcement made by Yanzhou Coal Mining Company Limited (the "Company").

According to the internal statistics compilation of the Company, the major operational data (unaudited) of the coal business and the coal chemicals business of the Company and its subsidiaries for the first quarter of 2021 is set out in the table below:

Unit: Ten kiloton

For the first quarter of

2021

2020

Increase / decrease (%)

I. Coal Business

(i) Production volume of

2,635

2,820

-6.58

saleable coal

(ii) Sales volume of

2,641

3,589

-26.42

saleable coal

Among which: sales

2,304

2,573

-10.45

volume of self-

produced coal

II. Coal Chemicals Business

1. Methanol

(i) Production volume

68

47

42.62

(ii) Sales volume

62

48

30.01

2. Glycol

(i) Production volume

8

-

-

(ii) Sales volume

8

-

-

3. Acetic acid

(i) Production volume

27

23

17.01

(ii) Sales volume

17

16

4.22

4. Ethyl acetate

(i) Production volume

11

6

87.49

(ii) Sales volume

10

4

170.90

1

5. Crude liquid wax

(i) Production volume

11

9

25.80

(ii) Sales volume

9

5

71.78

Notes:

  • The Company has completed the acquisition of assets including, among others, 49.315% equity interest of Shaanxi Future Energy Chemicals Co., Ltd. and 100% equity interest of Yankuang Lunan Chemicals Co., Ltd. in December 2020. According to the Chinese Accounting Standards, such acquisition constitutes business combinations under common control. The Company has made retroactive adjustments to the major operational data for the first quarter of 2020.
  • The production / sales volume set out in the table above were rounded to 10 kiloton. The increase / decrease percentage was calculated based on the actual production / sales volume.

As the operational data is influenced by various factors, including but not limited to the adjustment of the macroeconomic policy of the state, changes in domestic and overseas market conditions, seasonality, bad weather and disasters, equipment maintenance and safety inspection, the operational data for each quarter may differ substantially. The operational data are prepared in accordance with the Accounting Standards for Business Enterprises and the relevant explanations promulgated by the Minister of Finance of the People's Republic of China, and may be different from those disclosed in the interim reports and annual reports of the Company in accordance with the International Financial Reporting Standards. The operational data disclosed in periodical reports shall prevail if there is any discrepancy. Investors should be aware of the investment risks associated therewith.

The Board of Directors of

Yanzhou Coal Mining Company Limited

Zoucheng, Shandong Province, the PRC

20 April 2021

As at the date of this announcement, the directors of the Company are Mr. Liu Jian, Wu Xiangqian, Mr. Zhao Qingchun, Mr. He Jing and Mr. Wang Ruolin, and the independent non-executive directors of the Company are Mr. Tian Hui, Mr. Zhu Limin, Mr. Cai Chang and Mr. Poon Chiu Kwok.

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Yanzhou Coal Mining Co. Ltd. published this content on 20 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2021 09:19:05 UTC.