HONG KONG (Yosefardi) – China Coal Energy Company Limited expects to suffer net loss attributable to shareholders of approximately RMB2,300 million to RMB2,800 million for the year ended 31 December 2015.

The Board of company considers that the expected turnaround to net loss for the year ended 31 December 2015 from net profit for the same period of 2014 is due to various factors such as slowdown in the macroeconomic growth, oversupply in coal industries and sluggish demand of coal in 2015.

The trend of deep adjustment was continued in the coal market, and the price of coal continued to decline substantially.

Company’s annual results announcement for the year ended 31 December 2015 to be published before the end of March of 2016.