Yanzhou Coal Mining : PUBLICATION OF THE 2020 ANNUAL RESULTS OF AN OVERSEAS SUBSIDIARY CONTROLLED BY YANZHOU COAL MINING COMPANY LIMITED

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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)

PUBLICATION OF THE 2020 ANNUAL RESULTS OF AN OVERSEAS SUBSIDIARY CONTROLLED BY YANZHOU COAL MINING COMPANY LIMITED

Yancoal Australia, a subsidiary controlled by the Company, the shares of which are listed on the ASX and the HKEX, published its 2020 annual results announcement.

This announcement is made pursuant to Part XIVA of the Securities and Futures Ordinance and Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

On 26 February 2021, Yancoal Australia Limited ("Yancoal Australia"), a subsidiary controlled by Yanzhou Coal Mining Company Limited (the "Company"), the shares of which are listed on the Australian Securities Exchange ("ASX") (stock code: YAL) and The Stock Exchange of Hong Kong Limited (the "HKEX") (stock code: 03668), published its 2020 annual results announcement.

The following summary of major financial data of Yancoal Australia were prepared in accordance with the International Financial Reporting Standards and were audited by the accountants:

Unit: million Australian dollars

Items	For the year ended 31 December 2020	For the year ended 31 December 2019
Revenue	3,473	4,459
Profit before tax (loss is shown by symbol "-")	-1,143	767
Profit after tax (loss is shown by symbol "-")	-1,040	719
As at 31 December 2020	As at 31 December 2019
Total assets	11,055	11,903
Net assets	5,193	6,163

Please refer to the full announcement published by Yancoal Australia on the website of ASX(http://www.asx.com.au/asx/statistics)and the website of HKEX (http://www.hkexnews.hk) for further details.

By order of the Board Yanzhou Coal Mining Company Limited

Li Xiyong

Chairman

Zoucheng, Shandong Province, the PRC

26 February 2021

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