The eighth board meeting of Yancoal Australia convened on 14 August, which reviewed and considered 8 proposals including CEO Report Update, 2019 Budget Process, Capital Management Considerations and Medium Term Strategy and 6 proposals covering 2018 Half Year Financial Report and Announcement in Relation to Submission of Yancoal Australia’s 2018 Half Year Performance to Australian Securities Exchange were reviewed and approved.
Mr. Zhang Baocai, Chairman of Yancoal Australia chaired the board meeting. He pointed out that since last year, Yancoal Australia has continuously improved its financial performance, especially the acquisition of Coal & Allied Industries Limited (“C & A”), which proved its strategic foresight and the achievement attributed closely to the streamlining and optimization of the existing operation of the company's board of directors and management team. Yancoal Australia will continue to seek steady development and exploration with a view to achieving better performance in the future.
Members of the Board of Yancoal Australia attended the meeting and relative personnel of Yancoal Australia were present at the meeting by invitation.