Yancoal extends coal freight services agreement with Wubo

Yancoal Australia Ltd. announced the execution of the 2026 Wubo Framework Agreement, under which Wubo Technology Co., Ltd. will provide coal freight services to Yancoal's group for the year ending December 31, 2026. This agreement, effective from January 1, 2026, will automatically renew for successive three-year periods, subject to compliance with listing rules.

The maximum annual transaction amount payable by Yancoal to Wubo for these services will not exceed $23 million. This cap was determined based on expected sales opportunities, additional spot demand for coal freight services, and typical rates charged by independent third-party providers. Transactions under the agreement will be determined through a competitive tender process, involving at least two other independent third-party bidders, to ensure arm's length freight rates.

As Yankuang Energy, Yancoal's controlling shareholder (holding approximately 62.26%), controls Wubo, this constitutes a continuing connected transaction under Chapter 14A of the listing rules. The highest applicable percentage ratio for these transactions is between 0.1% and 5%, subjecting them to reporting, announcement, and annual review requirements, but exempting them from independent shareholders' approval.