09:40     YANZHOU COAL<01171> - Announcement                                  

    The Stock Exchange of Hong Kong Limited takes no responsibility           
    for the contents of this announcement, makes no representation            
    as to its accuracy or completeness and expressly disclaims any            
    liability whatsoever for any loss howsoever arising from or in            
    reliance upon the whole or any part of the contents of this               
    announcement.                                                             
                                                                              
    YANZHOU COAL MINING COMPANY LIMITED                                       
    (a joint stock limited company incorporated in the People's               
    Republic of China with limited liability)                                 
    (Stock Code: 1171)                                                        
                                                                              
    ANNOUNCEMENT                                                              
                                                                              
    Reference is made to the Company's announcement dated 27th April          
    2005 in which, among others, details of the Company's acquisition         
    of 95.67% equity interest in Yankuang Heze Power Chemical Company         
    Limited were announced.                                                   
                                                                              
    In respect of the Acquisition, a circular will be dispatched              
    to the shareholders of the Company.                                       
                                                                              
    Reference is made to the Company's announcement dated 27th April          
    2005 (the "Announcement") in which, among others, details of              
    the Company's acquisition of 95.67% equity interest in Yankuang           
    Heze Power Chemical Company Limited were announced. Terms and             
    expressions used in the Announcement have the same meanings when          
    used in this announcement, unless otherwise stated.                       
                                                                              
    Pursuant to the Hong Kong Listing Rules, the Acquisition is               
    subject to the approval of the Independent Shareholders. A                
    circular containing, among other things, details of the                   
    Acquisition, a letter from an independent financial adviser               
    containing its advice to the Independent Board Committee on the           
    Acquisition, the recommendation of the Independent Board                  
    Committee regarding the Acquisition to the Independent                    
    Shareholders and a notice of the SGM will be dispatched to the            
    shareholders of the Company.                                              
                                                                              
    DEFINITION                                                                
                                                                              
    In this announcement, unless the context otherwise requires,              
    the following expressions have the following meanings:                    
                                                                              
    "Independent Board Committee"   an independent committee of the           
    Directors appointed to advise the Independent Shareholders in             
    respect of the Acquisition                                                
                                                                              
    "Independent Shareholders"      shareholders of the Company, other        
    than the Parent Company                                                   
                                                                              
    "SGM"   the special general meeting of the Company proposed to            
    be convened for the approval of, among other things, the                  
    Acquisition                                                               
                                                                              
    Note: As at the date of this announcement, the Directors of the           
    Company are Mr. Wang Xin, Mr. Geng Jiahuai, Mr. Yang Deyu, Mr.            
    Mo Liqi, Mr. Wang Bangjun, Mr. Yang Jiachun, Mr. Wu Yuxiang,              
    Mr. Wang Xinkun and Mr. Dong Yunqing, and the independent                 
    non-executive Directors of the Company are Mr. Fan Weitang, Mr.           
    Cui Jianmin, Mr. Wang Xiaojun, Mr. Wang Quanxi.                           
                                                                              
    By order of the Board of Directors of                                     
    Yanzhou Coal Mining Company Limited                                       
    Wang Xin                                                                  
    Chairman of the Board                                                     
                                                                              
    Zoucheng, Shandong Province, PRC, 28th April 2005