OREANDA-NEWS. June 06, 2011. Reference is made to the circular of the Company (the “Circular”), which set out, among others, the notice of the AGM. Unless otherwise indicated, the capitalized terms used in this announcement shall have the same meaning as those defined in the Circular, reported the press-centre of China Coal Energy Company.

1. RESULTS OF THE AGM
The Board is pleased to announce that the AGM was held at 9:00 a.m. on Friday, 27 May 2011 at Crown Plaza Park View Wuzhou Beijing, No. 8 North Si Huan Zhong Road, Chaoyang District, Beijing, the PRC. The holding of the AGM was in compliance with the requirements of the Company Law of the People’s Republic of China and the Articles of Association. Mr. Wang An, the chairman of the Company, chaired the AGM.

As at the date of the AGM, the total number of issued shares of the Company was 13,258,663,400 shares. The total number of Shares entitling the Shareholders to attend and vote for or against the resolutions proposed at the AGM was 13,258,663,400 shares, representing 100% of the total issued shares of the Company.

There were no restrictions on any Shareholder casting votes on the resolutions proposed at the AGM. No Shareholder is entitled to vote only against or required to abstain from voting in respect of the resolutions proposed at the AGM under the Hong Kong Listing Rules. The Shareholders, holding in aggregate 8,780,502,534 Shares, representing approximately 66.22464% of the total issued shares of the Company were present in person or by proxy at the AGM.

Shareholders’ representatives Mr. Han Hongchao, supervisor of the Company Mr. Zhang Shaoping, Ms. Chen Yuan from Computershare Hong Kong Investor Services Limited and Mr. Zhang Wen from Beijing Jia Yuan Law Firm, acted as the scrutineers in respect of the voting at the AGM.

Computershare Hong Kong Investor Services Limited, the Company’s H share registrar performed calculation to obtain the above poll voting results on H Shares according to the voting forms filled and signed received by the Company.

2. PAYMENT OF THE FINAL DIVIDEND
Declaration and payment of a final dividend of RMB0.15633 per Share (inclusive of tax) were approved at the AGM. The dividends of H Shares will be paid on or about 28 June 2011 to the holders of H Shares whose names appear on the register of members of the Company on 27 April 2011 .

According to the Articles of Association, dividends will be denominated and declared in Renminbi. Dividends on A Shares will be paid in Renminbi and dividends on H Shares will be paid in Hong Kong dollars. The amount of dividends payable in Hong Kong dollars shall be calculated based on the average middle exchange rate of Renminbi to Hong Kong dollars announced by the People’s Bank of China on the date which is five business days prior to 22 March 2011 (Tuesday), being the date of dividend declaration. (HKD1.00 equivalent to RMB0.84224).

With respect to the profit distribution, the Company wishes to highlight that, all unregistered holders who hold H Shares through HKSCC Nominees Limited (or other non-resident enterprises) will be subject to the 10% withholding income tax, regardless whether such unregistered holders are enterprises or natural persons. Such mechanism of withholding is in compliance with the relevant PRC laws and regulations, including, among others, the “Notice Regarding Questions on Withholding Enterprise Income Tax When PRC Resident Enterprises Distribute Dividend to Foreign Non-resident Enterprise Shareholders of H Shares”.

Investors and potential investors in the H Shares are recommended to consult their professional tax advisors if they are in any doubt as to the implications of the above mechanism of withholding, and the Company does not, and will not, accept responsibility for any effect the above mechanism of withholding may have on any person.

The Company has appointed Bank of China (Hong Kong) Trustees Limited as the receiving agent of H Shares in Hong Kong (the “Receiving Agent”) and will pay to such Receiving Agent final dividend declared for payment to holders of H Shares. Final dividend will be paid by the Receiving Agent and relevant cheques will be despatched on or about 28 June 2011 to holders of H Shares entitled to receive such dividend by ordinary post at their own risk.