On May 23rd, Mr. Zhang Delin, vice minister of the Ministry of Land and Resources, and his delegation paid an inspection visit to Yancoal Australia. Mr. Li Xiyong, Chairman of Yanzhou Coal made the work report.

Mr. Zhang Delin spoke highly of the administration of Yancoal Australia. He noted that in the design of administration structure, Yancoal Australia made a great integration of Chinese and Australian cultural features, which effectively took the interests demands of both large and small shareholders into account.

Mr. Zhang Delin hoped that Yancoal Australia could greatly improve the company's profitability and rate of return on investment and set up a new benchmark for Chinese companies in marching into world market.

Mr. Li Xiyong said the company would seriously think about the 10 years’ operation experience in overseas, further optimize the management to make it better situated to legal systems and cultures in the two countries, and continuously improve operating performance.