China Coal Energy Announces Inside Information
OREANDA-NEWS. July 07, 2014. This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).
China Coal Energy Company Limited (the "Company ") recently received the <Notice on Adjusting the Coal Type Levy Standard of Coal Sustainable Development Fund>(Jin Cai Mei (2014) No.35) (the "Notice") issued by the Department of Finance of Shanxi Province in China.
According to the Notice, Shanxi Province lowered the coal type levy standard of coal sustainable development fund in the amount of RMB3/tonne with effect from 1 January 2014. In terms of the coal sustainable development fund which had already been levied in accordance with the coal type levy standard provided by <Notice on the Coal Type Levy Standard of Coal Sustainable Development Fund in 2011 issued by the Department of Finance of Shanxi Province>(Jin Cai Mei (2011) No.10) from 1 January 2014 to 30 June 2014, the extra part should be returned to the enterprises by means of refunding.
The lowered coal type levy standard of coal sustainable development fund will apply from 1 July 2014. According to the provisions in the Notice, the reduce in the coal type levy standard of coal sustainable development fund will accordingly decrease the production costs of the coal enterprises of the Company in Shanxi, China.
The specific financial information in the financial reports to be published then by the Company shall prevail.
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