Sunshine Oilsands Ltd. (abbreviated in the announcement as “Sunshine”) has scheduled a Special Meeting (SM) of shareholders for 13 October 2026 Hong Kong time (12 October 2026 Calgary time) to seek approval for an expanded share placement mandate.

The Board fixed 21 September 2026 (16:30 local time in both Hong Kong and Calgary) as the record date. Only shareholders registered at that time, or validated transferees recorded at least ten days before the meeting, will be entitled to receive notice and vote.

Key resolution • Approval of a specific mandate to place up to 205.70 million new shares at HK$0.20 each. • The revised terms replace the earlier proposal announced on 21 December 2025, which contemplated 114.28 million shares at HK$0.36 each.

Background of revisions • A third supplemental agreement dated 30 July 2026 adjusted the placing price downward from HK$0.36 to HK$0.20 per share and increased the potential share count to 205.70 million.

Logistics and documentation • The formal notice of meeting and accompanying circular will be dispatched to eligible shareholders and posted on the HKEX (www.hkexnews.hk), SEDAR (www.sedar.com) and company (www.sunshineoilsands.com) websites as soon as practicable.

Company overview • Sunshine, listed on the Hong Kong Stock Exchange since March 2012, focuses on developing oil sands assets in Alberta’s Athabasca region. • Current operations are centred on the West Ells project, with Phase 1 targeting initial production of 5,000 barrels per day.

Governance snapshot • Executive Directors: Kwok Ping Sun (Executive Chairman), Gloria Pui Yun Ho. • Non-executive Directors: Michael John Hibberd, Xijuan Jiang. • Independent Non-executive Directors: Yi He, Guangzhong Xing, Jue Pang.