We refer to our first announcement dated 17 June 2016 and the subsequent announcements on 1 July 2016, 1 August 2016, 1 September 2016, 4 October 2016, 1 November 2016, 1 December 2016 and 3 January 2017, respectively

In compliance with the Company's obligations under the MMLR, the Board of Directors of the Company wishes to inform that the Company's subsidiary, namely Linyi Yehua Coking Co., Ltd., has recommenced operations following the expiry of the leasing agreement with Linyi Xin Jiang Quan Metal Material Technology Co. Ltd. as disclosed in the Company's announcement on 31 January 2017.

This announcement is dated 2 February 2017.