Hong Kong – 27 April 2026 – CHINA COAL (China Coal Energy Co. Ltd.) announced a comprehensive renewal of six framework agreements with its parent company China National Coal Group (the “Parent”) and substantial shareholder Shanxi Coking Coal, setting fresh annual caps for 2027-2029 that in aggregate exceed RMB 68 billion.

Key highlights

1. Partially-Exempt Connected Deals (no shareholder vote required) • Coal Supply: Parent to supply coal capped at RMB 3.10 billion, RMB 3.20 billion and RMB 3.20 billion for 2027-2029, respectively. • Engineering & Construction: Parent to provide project design, construction and EPC services with caps of RMB 5.00 billion, RMB 4.50 billion and RMB 3.30 billion. • Finance Lease: China Coal Finance Lease may extend direct-lease and sale-and-leaseback services to the Parent up to RMB 0.51 billion per year. • Transactions with Shanxi Coking Coal: Purchases of coal and related services by CHINA COAL capped at RMB 1.40 billion, RMB 1.50 billion and RMB 1.60 billion.

2. Non-Exempt Connected Deals (require independent shareholder approval) • Integrated Materials & Services: – Parent → Group (raw materials, logistics, utilities, support services): capped at RMB 5.40 billion, RMB 5.40 billion and RMB 5.50 billion. – Group → Parent (coal supply, equipment, export & ancillary services): sharply higher caps of RMB 32.10 billion, RMB 33.00 billion and RMB 35.20 billion, reflecting new power-plant demand. • Financial Services: China Coal Finance Company may extend loans to the Parent with maximum daily balances (including interest) of RMB 21.00 billion, RMB 21.50 billion and RMB 22.00 billion over 2027-2029. Deposit and other ancillary financial services remain de-minimis or fully exempt.

Regulatory status

• Partially-exempt transactions fall below the 5 % Hong Kong Listing Rules threshold and require only announcement and annual review. • Non-exempt items exceed 5 % and will be tabled for independent shareholder approval at the Annual General Meeting scheduled for 26 June 2026. The Parent and its associates (holding 58.44 % of CHINA COAL) will abstain from voting. • Gram Capital has been appointed as Independent Financial Adviser; an explanatory circular is due by 4 June 2026.

Governance and controls

The board states that all pricing will follow benchmark indices, open tender or “cost + reasonable margin” mechanisms, reinforced by multi-level internal review, regular independent director scrutiny and annual audit confirmation.

Directors affiliated with the Parent (Mr. Wang Shudong, Mr. Gao Shigang and Mr. Liao Huajun) abstained from voting on the renewals. The remaining board members, including independent directors, consider the frameworks fair, on normal commercial terms and in the interests of all shareholders.