Yancoal Australia Ltd (Yancoal) has granted 975,358 deferred share rights (STIP Rights) to selected senior management and executives as part of the company’s revised Short-Term Incentive Plan (STIP) under its shareholder-approved Equity Incentive Plan.

The STIP award is split 50/50 between cash and equity: a cash payment was made on 19 March 2026, while the remaining 50 %—represented by the newly issued STIP Rights—will vest in two equal tranches. Approximately 487,676 rights are scheduled to vest on 1 March 2027 and 487,682 rights on 1 March 2028, subject to Board discretion. The rights carry a nil issue and exercise price and may be settled in either existing shares or cash at the time of vesting.

If fully converted to equity, the STIP Rights correspond to the issuance of 975,358 ordinary shares, equal to about 0.07 % of Yancoal’s current issued share capital. The awards form part of the executives’ remuneration packages and are therefore exempt from additional reporting and independent shareholder approval requirements under Hong Kong Listing Rules 14A.73(6) and 14A.95.