Yanzhou Coal Mining : CHANGE OF BUILDING NAME OF PRINCIPAL PLACE OF BUSINESS IN HONG KONG AND SUPPLEMENTAL ANNOUNCEMENT CONTINUING CONNECTED TRANSACTIONS

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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)

CHANGE OF BUILDING NAME OF PRINCIPAL PLACE OF BUSINESS IN HONG

KONG

AND

SUPPLEMENTAL ANNOUNCEMENT CONTINUING CONNECTED TRANSACTIONS

CHANGE OF BUILDING NAME OF PRINCIPAL PLACE OF BUSINESS IN HONG KONG

The board of directors (the "Board") of Yanzhou Coal Mining Company Limited (the "Company") hereby announces that the building name of the Company's principal place of business in Hong Kong would be changed from "Sunlight Tower" to "Dah Sing Financial Centre" with effect from 8 March 2021, therefore the principal place of business of the Company in Hong Kong would be updated as 40th Floor, Dah Sing Financial Centre, No. 248 Queen's Road East, Wanchai, Hong Kong with effect from 8 March 2021.

Saved for the change of the building name, the physical location of the Company's principal place of business in Hong Kong remains unchanged. The Company's website, telephone number and facsimile number remain unchanged.

CONTINUING CONNECTED TRANSACTIONS

Reference is made to the announcement (the "Announcement") of the Company dated 5 February 2021 in relation to the Framework Agreement entered into by the Company and Shandong Energy Digital. Unless otherwise defined, terms used herein shall have the same meanings as those defined in the Announcement.

The Board hereby provides some further information of the counterparty to the Framework Agreement:

Shandong Energy Digital is held as to 50.1% by Yankuang Group and as to 49.9% by Shenzhen Jianguang Digital Technology Co., Ltd. ("Shenzhen Jianguang"). According to the public records, Shenzhen Jianguang mainly engages in development of hardware, software and technology, promotion and transfer of technology, data processing and business consultation. It is held as to 38.61%, 31.36%, 11.21%, 8.96%, 5.27% and 4.58% by Yancheng Zhicheng Boyuan Enterprises Management LLP ("Yancheng Zhicheng Boyuan"), Jiaxing Jianguang Guangxin Equity Investment LLP ("Jiaxing Jianguang Guangxin"), Yancheng Zhuorui Zhishu Enterprises Management LLP ("Yancheng Zhuorui Zhishu"), Feng Ya, Yancheng Hengzhi

Zhongxin Enterprises Management LLP and Yancheng Boxin Zhongyuan Information and Technology Co., Ltd. ("Yancheng Boxin Zhongyuan"), respectively.

According to the public records, Yancheng Zhicheng Boyuan is owned as to 99.9% by Li Jie and as to 0.1% by Yancheng Boxin Zhongyuan, with Yancheng Boxin Zhongyuan as its executive partner. Yancheng Boxin Zhongyuan is in turn owned by Li Jie as to 90.04% and by four other individuals as to the remaining minority interests.

According to the public records, Jiaxing Jianguang Guangxin is owned as to 46.73% by Xinyu Yijiade Equity Investment LLP ("Xinyu Yijiade"), as to 35.92% by Loudishi Boya Enterprise Management Consultancy Service LLP ("Loudi Boya") and 17.35% by Beijing Jianguang Asset Management Co., Ltd ("Beijing Jianguang"), with Beijing Jianguang as its executive partner. Xinyu Yijiade is in turn owned as to 69.65% by Feng Ya and as to 29.85% by Feng Jianqing, with Beijing Dexin Huifu Equity Investment Management Center (Limited Partnership) ("Dexin Huifu") as its executive partner. Dexin Huifu is owned as to 90% by Feng Ya and as to 10% by Yuan Yang, with Yuan Yang as its executive partner. Loudi Boya is owned as to 98.57% by Wang Qiang and as to 1.43% by Liu Liangyuan, with Liu Liangyuan as its executive partner. Beijing Jianguang is ultimately owned as to 51% by the State Council of the PRC and as to 49% by eight individuals.

According to the public records, Yancheng Zhuorui Zhishu is owned as to 61.90% by Li Jie and as to 38.10% by 18 other individuals, with Yancheng Boxin Zhongyuan as its executive partner.

To the best knowledge, information and belief of the Directors having made all reasonable enquiry, all the partnerships, companies and individuals mentioned above are independent of the Company and its connected persons.

By order of the Board

Yanzhou Coal Mining Company Limited

Li Xiyong

Chairman

Zoucheng, Shandong Province, the PRC

8 March 2021

As at the date of this announcement, the directors of the Company are Mr. Li Xiyong, Mr. Liu Jian, Mr. 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.