40% Increased in SP, page-5

Hi Speir,
Good morning and welcome.

As you may aware, in late July 2017, YAL had announced a US$2.5 Billion CR to fund the Coal & Allied Acquisition.
The SPP was introduced as a 23.6 for 1 at USD0.12 per share offer.
So the SP dropped to the CR price.

I am confident with YAL since its parent company YanZhou Coal Mining Company Ltd (SOE) (1171. HK & 600188. ShangHai) was a giant and had decided to strenthen the liquidity of YAL and make full use of the blood making resource out of China.
Moreover, due to the recover of the Coal price, the company even made a EBIT positive. Along with the large defered tax asset, the YAL would run to the blue sky with no doubt.

Have a look of the YanZhou Coal Mining SP chart back in HK or SH during the last 2 few week, they are experiencing the same there.



Hope this help.
Correct me if I am wrong.