OREANDA-NEWS. October 30, 2014. The board of directors (the"Board") of China Coal Energy Company Limited (the "Company") hereby announces that the Board has received the resignation letter of Mr. Zhou Qinye ("Mr. Zhou").

According to the regulations and requirements of relevant governmental authorities, Mr. Zhou has resigned from his position as an independent non-executive direct or of the Company, and accordingly has ceased to be a member of the strategic planning committee, a member and the chairman of the audit committee, and a member of the remuneration committee under the Board, with effect from 24 October 2014.

Mr. Zhou has confirmed that he had neither disagreement nor unsettled issues with the Board and there were no other matters in relation to his resignation that need to be brought to the attention of the shareholders of the Company.

Mr. Zhou has held an independent and fair position and has always been diligent and responsible during his term as an independent non-executive director of the Company. He has played a positive role in promoting the scientific decision-making of the Board as well as standardizing the operation of the Company. The Board hereby expresses its sincere appreciation to Mr. Zhou for his contribution to the development of the Company.