Inner Mongolia Yitai Coal Co. Ltd. announced that, on 7 November 2019, Mr. Zhang Donghai has resigned from the positions of the chairman of the board, executive director of the company, chairman of the Strategy Committee, chairman of the Production Committee, member of the Remuneration and Appraisal Committee and member of the Nomination Committee of the Board due to work adjustment, with effect from 7 November 2019. After his resignation, Mr. Zhang Donghai will cease to hold any position in the company while his positions in the company and Inner Mongolia Yitai Investment Co.

Ltd. the controlling shareholders of the Company, will remain unchanged. Mr. Wang Sanmin has resigned from the positions of the general manager, executive director of the Company, member of the Remuneration and Appraisal Committee, member of the Nomination Committee, member of the Strategy Committee and member of the Production Committee of the Board due to work adjustment, with effect from 7 November 2019. Mr. Liu Jian has been appointed as the general manager of the Company on 7 November 2019 and his term of office shall be expired on the date of expiry of the term of the seventh session of the Board.

He has been acting as the director of the company since March 2019.