Hong Kong-listed Sunshine Oilsands Ltd. reported a net increase of 142.19 million ordinary shares in October 2026, taking its total outstanding shares to 853.55 million as at 31 October 2026. The expansion represents a 20.0% rise from the 711.35 million shares on record at end-September.

Key transactions • Debt-for-equity swap: On 8 October 2026, 98.49 million Class A shares were issued at HK$0.171 each to settle HK$16.84 million (approximately C$2.96 million) owed to creditors Xu LingWu and Zhang YuYi. • Private subscription: On 12 October 2026, 43.70 million shares were placed with investor Gavin James Thomson at HK$0.160 per share, raising HK$6.99 million (approximately C$1.25 million) in cash.

Both issuances were executed under the general mandate approved by shareholders on 22 June 2026.

Pending placement A previously announced placing of up to 205.70 million shares at HK$0.20 each—revised from an earlier plan for 114.28 million shares at HK$0.36—remained incomplete as of 31 October 2026.

Public float intact The company confirmed compliance with the Main Board’s 25% minimum public-float requirement following the October share issuances.

No movements were reported in treasury shares, share options, warrants, convertibles or other equity-linked instruments during the month.