2008

In 2008, the Board of Directors of China Shenhua (the “Board”) has led and worked with all its staff and has continued to lead its peers in the industry worldwide. By leveraging on its unique business model integrated with coal, railway, port and power business, strong capital and healthy and stable financial performance, the Company responded calmly to dramatic changes of the operating environment, adjusted its structure and captured opportunities, thereby achieving remarkable results in return on equity, sales, production technology, business development, strategic layout and corporate governance. The Company has continued to maintain its fast-growing momentum. As at 31 December 2008, the total market capitalization of China Shenhua reached US$49.496 billion, ranking it first among global listed coal companies and second among global mining companies in terms of market capitalization. China Shenhua is a reliable large-scale energy company with substantial income, steady operations and sustainable growth.