Inner Mongolia Yitai Coal : NOTICE OF THE EXTRAORDINARY GENERAL MEETING

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NOTICE OF THE EXTRAORDINARY GENERAL MEETING

NOTICE IS HEREBY GIVEN that the first extraordinary general meeting (the "EGM") of Inner Mongolia Yitai Coal Co., Ltd.* (the "Company") in 2021 will be held at Room 1, Conference Center, Building of Inner Mongolia Yitai Coal Co., Ltd., Ordos, Inner Mongolia, the People's Republic of China (the "PRC") at 3:00 p.m. on Wednesday, 24 March 2021 for the purpose of considering, and if thought fit, passing the following resolution. Unless indicated otherwise, capitalised terms used in this notice shall have the same meanings as those defined in the circular of the Company dated 9 March 2021.

AS ORDINARY RESOLUTION

1. To consider and approve the proposal relating to the suspension of the Yitai Ganquanbao 2 Mtpa coal-to-oil pilot project of Yitai Xinjiang Energy Co., Ltd.

By order of the Board

Inner Mongolia Yitai Coal Co., Ltd.

Zhang Jingquan

Chairman

Inner Mongolia, the PRC, 9 March 2021

As at the date of this notice, the executive directors of the Company are Mr. Zhang Jingquan, Mr. Liu Chunlin, Mr. Ge Yaoyong, Mr. Zhang Dongsheng, Mr. Liu Jian, Mr. Lv Guiliang and Mr. Lv Junjie; and the independent non-executive directors of the Company are Mr. Zhang Zhiming, Mr. Huang Sujian, Mr. Wong Hin Wing and Ms. Du Yingfen.

* For identification purpose only

Notes:

• 1. The register of members of H shares of the Company is closed from Monday, 22 February 2021 to Wednesday, 24 March 2021 (both days inclusive). Holders of H shares of the Company whose names appear on the register of members of H shares of the Company maintained at Computershare Hong Kong Investor Services Limited on Wednesday, 24 March 2021 are entitled to attend and vote at the EGM upon completion of the registration procedures. In order to qualify for attending and voting at the EGM, all transfer documents of H shares of the Company, accompanied by the relevant share certificates, must be lodged by shareholders with the Company's H share registrar before 4:30 p.m. on Friday, 19 February 2021. The address of the H share registrar of the Company is as follows:

  Computershare Hong Kong Investor Services Limited

  Shops 1712-1716, 17th Floor, Hopewell Centre

  183 Queen's Road East, Wanchai, Hong Kong

• 2. Any holder of H shares entitled to attend and vote at the EGM may, by the form of proxy of the Company, appoint one or more person(s) as his proxy(ies) to attend and vote at the EGM on his behalf.

  A proxy needs not be a shareholder of the Company.

• 3. A proxy shall be appointed by a shareholder by a written instrument signed by the appointor or his attorney duly authorized in writing. If the shareholder is a corporation, the same must be either under its common seal or under hand of its legal representative(s) or duly authorized attorney(s). If the written instrument is signed by an attorney of the appointor, the power of attorney or other authority of such attorney shall be notarially certified.

• 4. To be valid, the form of proxy and the relevant notarially certified power of attorney (if any) and other relevant authority (if any) as mentioned in Note 3 above must be served to the Company's H share registrar, Computershare Hong Kong Investor Services Limited, at 17M floor, Hopewell Centre, 183

  Queen's Road East, Wanchai, Hong Kong, no later than 24 hours before the time appointed for the holding of the EGM or any adjournment thereof (as the case may be). Completion and return of the form of proxy will not preclude a shareholder from attending and voting in person at the meeting should he so wishes.

• 5. A shareholder or his proxy should produce proof of identity when attending the EGM. Where a shareholder is a legal person, the legal representative(s) of such shareholder or the person authorized by its board of directors or other governing body shall produce a copy of the resolution of the board of directors or other governing body of such legal person shareholder appointing such person to attend the meeting.

• 6. The EGM is expected to last for half a day. The travelling and accommodation expenses shall be at the own cost of the shareholders attending the EGM.