**EXHIBIT 4.1**

 

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Financial Services Agreement 

 

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between 

Yankuang Group Financial Company 

and 

Yanzhou Coal Mining CompanyLimited 

22 March 2013 

This agreement is entered into by the following parties on 22 March 2013 in Zhoucheng City, ShangdongProvince: 

**Yankuang Group Financial Company** (hereinafter referred to as “**Party A**”), a company with limited liability incorporatedand validly exists under the laws of PRC, with registry number of business license for legal person as 370000000002238 and registered office at 329 Fushan South Road, Zoucheng City, Shandong Province and its legal representative being ChenChangchun. 

**Yanzhou Coal Mining Company Limited** (hereinafter referred to as “**Party B**”), a company with limited liabilityincorporated and validly exists under the laws of PRC, with registry number of business license for legal person as 370000400001016 and registered office at 298 Fushannan Road Zoucheng, Shandong Province and its legal representative being Li Weimin.

**Where:**

1. Party A is a non-banking financialinstitution duly established with the approval of the China Banking Regulatory Commission (hereinafter referred to as “CBRC”) and is a professional institution engaged in corporate financial services. According to the laws and regulationsin relation to corporate finance company, it provides financial services to Yankuang Group Co., Ltd. (“Yankuang Group”), the controlling shareholder of Party A, and its subsidiaries. 

2. The shares publicly issued by Party B are listed on the Shanghai Stock Exchange, Hong Kong Stock Exchange and New York Stock Exchange respectively. WithYankuang Group being the controlling shareholder of both Party A and Party B, according to the domestic and overseas regulatory requirements in relation to Party B, the businesses between Party A and Party B and its subsidiaries (collectivelyreferred to as “Party B”) constitute normal continuing connected transactions. 

3. Party B agrees to elect Party A as one of the financialinstitutions providing financial services. 

Based on the principles of fairness and reasonableness and mutual benefit, Party A and Party B reached thefollowing agreement by consensus upon negotiation in respect of Party A’s provision of financial services to Party B: 

**Article 1 ServicePrinciples**

1.1 Party A and Party B shall cooperate and perform this agreement based on the principles of equality and voluntariness, complementarity,mutual benefit, common development and co-winning partnership. 

1.2 Party B has the right to choose the financial institution for financial services anddecide the financial institution for deposit services and loan services as well as the amounts thereof pursuant to its own business needs. 

1.3 Party Aregards Party B as its important customer and undertakes that the terms for the provision of financial services to Party B at any time shall be no less favorable than the same type of financial services provided by the Industrial and Commercial Bankof China, Agricultural Bank of China, Bank of China and China Construction Bank (hereinafter referred to as “Major Commercial Banks in the PRC”). 

**Article 2 Details of Services**

Party A shall provide Party B with the following services: 

1.Deposit service: the maximum daily balance (including accrued interests) of Party B on the settlement account in Party A shall not exceed RMB 2.15 billion. 

2. Integrated credit facility: Party A shall provide Party B with credit facility limit of RMB 2 billion (including accrued interests). 

3. Bill discount service: Party A shall provide Party B with bill discount service with the annual amount of discount not exceed RMB 209.4 million. 

4. Settlement service: Party A shall provide payment and receipt services as well as other ancillary services related to settlement services to Party B in thesettlement account opened by Party B in Party A. Within the agreed valid period, the annual fee for settlement services shall not exceed RMB 7.6 million. 

5. Bill acceptance services, financial and financing consultation, credit certification and relevant consultation and agency services. 

6. Other services approved by CBRC. 

**Article 3 Pricing ofServices**

3.1 Deposit services: the interest rate for the deposit of Party B with Party A shall not be lower than the interest rate for the same kindof deposit announced by the People’s Bank of China for the same period nor lower than the interest rate for the same kind of deposit offered by the Major Commercial Banks in the PRC for the same period nor lower than the interest rate for thesame kind of deposit made by other group members of Yankuang Group in Party A for the same period. 

3.2 Loan services: the interest rate for the loanprovided by Party A to Party B shall not exceed the interest rate for the same class of loan provided by the Major Commercial Banks in the PRC to Party B for the same period. Party A shall provide the loan to Party B on normal commercial terms andno asset is required from Party B as collateral. 

3.3 Bill discount service: the interest rate for bill discount provided by Party A to Party B shall notbe higher that the interest rate for bill discount provided by the Major Commercial Banks in the PRC. 

3.4 The fees charged by Party A for the provisionof financial services including settlement services, entrusted loans, entrusted investment, security service, bill acceptance, financial and financing consultation, credit certification and relevant consultation and agency services to Party B shallbe in accordance with the relevant benchmark rates determined by the People’s Bank of China or CBRC (if any). In addition, such fees shall not exceed those charged by the Major Commercial Banks in the PRC for provision of same kind of financialservices to Party B. 

**Article 4 Representation and Warranties by Both Parties**

4.1 Representation and warranties by Party A: 

4.1.1 Party A is anon-banking financial institution legally established with a status of independent legal entity to provide professional corporate financial services. It currently holds a valid Business License for Enterprise Legal Person and Financial BusinessOperation Permit. 

4.1.2 Party A has obtained all government approvals and internal authorizations for entering into this agreement and performance of theobligations hereunder. This agreement will be binding on Party A upon its execution. 

4.1.3 Party A shall ensure the stable operation of its fundmanagement system to safeguard the funds. 

4.1.4 Party A shall ensure strict compliance with the risk monitoring indicators for financial institutionsissued by CBRC, and requirements of CBRC and other relevant PRC laws, regulations and regulatory documents regarding its major regulatory indicators such as gearing ratio and liquidity ratio. 

4.1.5 Party A shall not make investment with deposit of Party B save for purchasing government bonds. 

4.1.6 Copies of regulatory reports of Party A shall be submitted to CBRC and other relevant regulatory authorities as well as Party B. 

4.1.7 Monthly financial statements of Party A shall be provided to Party B within the first 10 working days of the following month. 

4.1.8 Party B shall have the right to review and obtain relevant documents such as account books, financial statements and audit reports of Party A pursuantto the Company Law and Articles of Association. 

4.1.9 Party B shall be notified immediately by Party A on the occurrence of circumstances that may causeharms to the security of the deposits of Party B or on the occurrence of any other circumstances that may jeopardize the security of the deposits of Party B. Party B shall have the right to withdraw all deposits. 

4.2 Representation and warranties by Party B: 

4.2.1 Party B isa limited liability enterprise legally established with a status of independent legal entity holding a valid Business License for Enterprise Legal Person. 

4.2.2 Party B has obtained necessary internal authorizations for entering into this agreement and performance of the obligations hereunder. This agreementwill be binding on Party B upon its execution. 

**Article 5 Confidentiality**

Both Parties shall strictly perform their obligation of confidentiality and shall not disclose to the public any business information, technical records andfinancial position, with the exception of the reports required to be submitted to the relevant government authorities by the Parties and those required to be disclosed by Party B according to the listing rules of the listing location for itssecurities, unless such information has already been made public previously. 

**Article 6 Miscellaneous**

6.1 Any party shall not in any way transfer its rights or obligations hereunder without written consent from the other party. 

6.2 Should any clauses herein be amended, become illegal, invalid or unenforceable at any time, the other clauses shall not be affected. 

6.3 In case of any failure of any party in performance of its obligations of this agreement pursuant to the requirements hereof due to force majeure, theparty shall provide immediate written notification for the other party and shall not be deemed as default. The other party shall provide a reasonable period for the said party to perform its duties and obligations according to the situation. 

6.4 Any modification or supplement to this agreement shall be made in written agreement. Modifications or supplements to this agreement are integral partshereof and shall have equivalent effects with this agreement. 

6.5 Unless otherwise provided, non-exercise or delayed exercise by a party of its rightsunder this agreement shall not constitute a waiver of such rights whereas any single or partial exercise of the relevant rights shall not preclude the exercise of any other rights. 

**Article 7 Notification**

7.1 Pursuant to this agreement,any notice or other documents sent by a party to the other party shall be given in written letter and delivered by hand, by mail or by fax to the other party’s address as follows: 

 
(a)Party A: Yankuang Group Financial Company 
Address: 329 Fushan South Road, Zoucheng City,Shandong Province 

Telephone: 0537-5393707 

Facsimile: 0537-5384480 

 
(b)Party B: Yanzhou Coal Mining Company Limited 
Address: 298 Fushan South Road, Zoucheng City,Shandong Province 

Telephone: 0537-5385343 

Facsimile: 0537-5383311 

7.2 Arrival time of notices or other documents: 

(a) Delivery by hand: upon hand-over of the letter; 

(b)Delivery by mail: within five (5) working days after posting (excluding Saturdays, Sundays and public holidays in PRC); and 

(c) Delivery by fax:upon receipt of fax. Where the fax is received outside business hours, the receiving time shall be the general business hours of the second day (excluding Saturdays, Sundays and public Holidays in PRC) and the sender shall present the confirmationfrom the fax machine to certify completion of faxing. 

**Article 8 Applicable laws and jurisdictions**

This agreement shall be governed by and construed by the applicable laws of PRC. Any disputes (including any issues concerning the existence, validity, andrights and duties of both parties under this Agreement) arising from or in connection with this Agreement unable to be resolved through friendly negotiation may be submitted to Jining Arbitration Commission located in Jining city for arbitrationaccording to its prevailing Provision Rules of Procedure upon request of any party. This arbitrate award shall be final and binding upon both parties. 

**Article 9 Term of Agreement**

9.1 Unless otherwise agreedin written form by both parties, this Agreement shall apply with retrospective effect from 1 January 2013 and terminate on 31 March 2014, subject to signatures by the legal representatives or authorized representatives of both parties andapproval by independent shareholders or the board of directors pursuant to approval permission and local regulatory requirements in the listing locations of the Company. During the term of this agreement, any modification or termination of thisagreement on the request of a party shall be made upon consent of both parties upon negotiation with a 30 days prior written notice given to the other party. 

9.2 In case of material default of any clauses hereof by any party (“defaulting party”), this agreement may be terminated immediately by the otherparty where the defaulting party fail to provide remediation of such default within the reasonable period provided in written notice by the other party for notification of such default and request for remediation of such act of default, or wheresuch act of default is not remediable. 

9.3 Termination of this Agreement shall not harm any occurred rights or duties of any party. 

**Article 10 Supplementary Provisions**

10.1 This agreementis written in Chinese. 

Copies of this agreement, which are made in quadruplicate with equal legal effects, shall be held respectively by both parties (2copies for each party). 

(This is a blank page and is only for execution of the Financial Services Agreement between Yankuang GroupFinancial Company and Yanzhou Coal Mining Company Limited) 

Party A: Yankuang Group Financial Company 

Legal representative or authorized representative (Signature): 
 
 

Party B: Yanzhou Coal Mining Company Limited 

Legal representative or authorized representative (Signature):