Sunshine Oilsands Limited disclosed that a winding-up petition, originally received on August 20, 2025, has reached full settlement with the petitioner (a registered money lender in Hong Kong, license number 0964 / 2025), excluding legal costs. The filing related to outstanding obligations under the company’s bond. A supporting petitioner, identified as a third-party individual bondholder, also had the owed amount fully settled on the date of the announcement, excluding legal costs.

According to the company, the petitioner intends to withdraw the winding-up petition in due course. The board does not anticipate a material adverse impact on the company’s financial performance or position. Company records reflect the relevant bond liabilities, which have now been settled (excluding associated legal expenses). Shareholders and investors are advised to exercise caution when dealing in the company’s securities and to monitor any further announcements on this matter.

Sunshine Oilsands Limited, a Calgary-based public corporation listed on the Hong Kong Stock Exchange, focuses on the development of oil sands in the Athabasca region of Alberta. Its West Ells project area, with Phase 1 operational, has an initial production target of 5,000 barrels per day.