Controlling Shareholder Increases Holding

On 9 Oct 2008, the company received a notice from Shanxi Coking Coal Group Co., Ltd., the controlling shareholder of the company, stating that with firm confidence in the company's future development, Shanxi Coking purchased 1,911,598 shares of the company at an average price of RMB 10.51 per share, equal to a 0.07% stake, through the trading system of the Shenzhen Stock Exchange on 8 and 9 Oct 2008.

Upon completion of the stake acquisition, Shanxi Coking holds a total of 1,316,021,042 shares of the company, equal to a 54.29% stake.

In addition, Shanxi Coking plans to increase its holding in the company by up to 2% of total shares outstanding (the aforementioned stake acquisition included) within the next 12 months. It also commits not to sell the company's shares during the stake acquisition and the ensuing statutory period.

The company will pay close attention to the equity acquisition by Shanxi Coking and related information will be disclosed in a timely manner as it becomes available.

Board of Directors
9 Oct 2008


Source: Securities Times

Date: 10 Oct 2008

CN01/RL/MR/BT/KM