• CEO David Moult resigns after 7 years with the company
• Ning Yue appointed as acting CEO until permanent appointment
• Moult to retire from full-time employment to focus on other business engagements

Yancoal Australia Ltd has announced that its Chief Executive Officer (CEO), Mr. David James Moult, has decided to resign from his position after seven years with the company, including five years as CEO and two years serving on the Board as an Independent Non-Executive Director. Mr. Moult has decided to retire from full-time employment to devote more time to his other business engagements and has tendered his resignation as CEO and from all related Group directorships. His employment will end on 14 July 2025, with active duties ceasing from today. Yancoal's Chair of the Executive Committee, Mr. Ning Yue, will serve as acting CEO effective immediately until the Board makes a permanent appointment to the role. Mr. Yue is a highly capable and well-credentialed mining executive with more than 20 years of experience in coal mining operations and management. Having led the Executive Committee and served as Co-Vice Chairman since September 2023, Mr. Yue is well-suited to providing continuity and stability during the transition process. The Board and Mr. Moult have agreed to the terms of his resignation, and Mr. Moult has confirmed that he has no disagreement with the Board and that there is no other matter that needs to be brought to the attention of the shareholders of the Company. The Board will undertake a comprehensive search to find the Company's next CEO, and at the appropriate time will inform the market once an appointment is made.