香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部份內容而產生或因倚賴該等內容而引致之 任何損失承擔任何責任。 本公佈僅供參考，並不構成收購、購買或認購陽光油砂有限公司證券之邀請或要約。 SUNSHINE OILSANDS LTD. 陽光油砂有限公司* (一家根據加拿大阿爾伯塔省商業公司法註冊成立的有限公司） (香港聯交所: 2012) 自願性公告 收購目標公司 80%股權權益事宜 承陽光油砂有限公司董事會命 孫國平 執行主席 於二零二五年十一月二十日(香港及阿爾伯塔省卡爾加里)，本公司作為買方與 賣方訂立股權轉讓協議（「股權轉讓協議」）據此本公司有條件同意收購而賣 方有條件同意出售銷售股權權益（代表目標公司 80%股權權益），代價為 8,000,000 港元。 股權轉讓協議 股權轉讓協議之主要條款概述如下： 經董事會作出一切合理查詢後，據其所知悉、所獲悉及所 相信，轉讓方及其最終實益擁有人為獨立第三方。 香港，二零二五年十一月二十日 卡爾加里，二零二五年十一月二十日 於本公告發佈之日，董事會包括執行董事孫國平先生 ...

Core Viewpoint - The company, Sunshine Oilsands (02012.HK), has entered into a subscription agreement with Prime Union Enterprises Limited to issue fixed-rate convertible bonds totaling HKD 238 million as a settlement for debts owed to the subscriber [1] Group 1: Subscription Agreement Details - The subscription agreement was signed on November 14, 2025, and involves the conditional issuance of convertible bonds [1] - The total amount of the convertible bonds is HKD 238 million, which corresponds to 100% of the bond's principal amount [1] - The initial conversion price for the bonds is set at HKD 0.377 per share, allowing for the issuance of up to approximately 631 million new shares upon full conversion, representing about 110.49% of the company's existing issued share capital as of the announcement date [1] Group 2: Listing and Trading Information - The convertible bonds will not be listed on the Hong Kong Stock Exchange or any other securities exchange [1] - The company plans to apply for the listing and trading of the conversion shares on the Hong Kong Stock Exchange [1]

Core Viewpoint - The company has entered into a subscription agreement to issue convertible bonds worth HKD 238 million to settle debts, which will significantly impact its capital structure and interest costs [1][2] Group 1: Convertible Bonds Issuance - The company will issue convertible bonds totaling HKD 238 million, which will be used to settle debts owed to the subscriber [1] - The initial conversion price for the bonds is set at HKD 0.377 per share, potentially resulting in the issuance of up to 631 million new shares, representing approximately 110.49% of the existing issued share capital [1] - Following the issuance of the convertible shares, the company's total issued share capital will increase by approximately 52.49% [1] Group 2: Debt Management and Financial Impact - The board believes that issuing shares to settle debts will extend the company's obligations to the subscriber by two years and significantly reduce interest costs, as the current outstanding balance incurs an annual interest rate of 10.0% [2] - If the convertible bonds are converted into shares, the company's debt and capital leverage ratio will improve without requiring significant cash outflows [2] - The subscriber will regain control as the major shareholder, which is expected to facilitate financing transactions, as investors typically prefer to have major or controlling stakes for stability and support in long-term strategies [2]

Core Viewpoint - Sunshine Oil Sands has entered into a subscription agreement to issue convertible bonds worth HKD 238 million to settle debts owed to its chairman's wholly-owned company, which will significantly impact the company's capital structure and debt management [1][2] Group 1: Convertible Bonds Issuance - The company has conditionally agreed to issue fixed-rate convertible bonds totaling HKD 238 million, which will be used for the complete and final settlement of debts owed to the subscriber [1] - The initial conversion price for the bonds is set at HKD 0.377 per share, potentially resulting in the issuance of up to 631 million new shares, representing approximately 110.49% of the existing issued share capital [1] Group 2: Debt Management and Financial Impact - The issuance of shares to settle debts will extend the company's obligations to the subscriber by two years and significantly reduce interest costs, as the current outstanding balance incurs an annual interest rate of 10.0% [2] - If the convertible bonds are converted into shares, the company's debt and capital leverage ratio will improve without requiring significant cash outflows [2] - The subscriber will regain control as the major shareholder, which is expected to facilitate financing transactions, as investors typically prefer or require major/controlling stakes for stability and support in long-term strategies [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確性或完整性亦不發表任 何聲明，並明確表示概不就因本公佈全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 本公佈僅供參考，並不構成收購、購買或認購陽光油砂有限公司證券之邀請或要約。 SUNSHINE OILSANDS LTD. 陽光油砂有限公司* (一家根據加拿大阿爾伯塔省商業公司法註冊成立的有限公司） （香港聯交所：2012） 關連交易 根據特定授權向關連人士發行可換股債券以償還債務 承陽光油砂有限公司董事會命 孫國平 執行主席 香港，二零二五年十一月十六日 卡爾加里，二零二五年十一月十六日 於本公告發佈之日，董事會包括執行董事孫國平先生及何沛恩女士；非執行董事 Michael John Hibberd 先生、蔣喜娟女士及陳永嵐先生；以及獨立非執行董事賀弋先生、邢廣忠先生及龐珏女士。 *僅供識別 香港 （二零二五年十一月十六日)和 阿爾伯塔省卡爾加里（二零二五年十一月十六日） - 陽光油砂有限公司（「本公司」或「陽光」）（香港聯交所：2012）董事會（「董事 會」）宣佈以 下事項： 認購事項 董事會欣然宣佈， ...

Core Points - Sunshine Oilsands reported a net loss of CAD 629,000 for the third quarter, with a net loss attributable to equity holders of CAD 708,000, marking a shift from profit to loss year-on-year [1] - Shareholders' equity stands at CAD 29.52 million [1] - The decline in revenue from oil sands heavy oil for the third quarter of 2025 is primarily attributed to production stoppages due to equipment maintenance at the West Ells facility [1] - No diluted bitumen sales were recorded for the third quarter of 2025, resulting in the absence of disclosed realized prices per barrel of oil sands heavy oil for that quarter [1]

Group 1 - The core point of the article is that Sunshine Oilsands (02012) reported a total revenue and other income of CAD 13.002 million for the first three quarters of 2025, representing a year-on-year decrease of 22.95% [1] - The net loss attributable to equity holders narrowed to CAD 10.989 million, a year-on-year improvement of 67.32% [1] - The loss per share was reported at CAD 0.03 [1]

Core Insights - Sunshine Oilsands (02012) reported a total revenue and other income of CAD 13.002 million for the first three quarters of 2025, representing a year-on-year decrease of 22.95% [1] - The net loss attributable to equity holders narrowed to CAD 10.989 million, a reduction of 67.32% compared to the previous year [1] - The loss per share was CAD 0.03 [1]

Core Viewpoint - Sunshine Oilsands (02012.HK) reported a significant decline in oil sales revenue for the nine months ending September 30, 2025, primarily due to equipment maintenance at West Ells, resulting in a drop from 26.3 million CAD to 0 CAD [1] Financial Performance Summary - For the nine months ending September 30, 2025, oil sales revenue (net of royalties) decreased to 0 CAD from 26.3 million CAD for the same period in 2024 [1] - The net operating loss for the three months ending September 30, 2025, was 7.1 million CAD, compared to a net operating loss of 0.5 million CAD in the same period of 2024 [1] - The net cash flow from operations for the three months ending September 30, 2025, showed a loss of 1.1 million CAD, slightly worse than the net loss of 1.0 million CAD in the same period of 2024 [1] - The company reported a net profit attributable to shareholders of approximately 0.7 million CAD for the third quarter of 2025, compared to a net loss of 0.5 million CAD in the third quarter of 2024 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就 因本公佈全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 本公佈僅供參考，並不構成收購、購買或認購陽光油砂有限公司證券之邀請或要約。 SUNSHINE OILSANDS LTD. 陽光油砂有限公司* （一家根據加拿大阿爾伯塔省商業公司法註冊成立的有限公司） （香港聯交所：2012） 截至二零二五年九月三十日止第三季度業績公佈 財務數據總結 截至二零二五年九月三十日止九個月的石油銷售額(扣除特許權使用費)，從截至二零二四年九月三十日止九個月的 2,630 萬加元下降至 0 加元。此項減少主要源於二零二五年第一、二及第三季度 West Ells 設備維護所導致的收 入 損失。 截至二零二五年九月三十日止三個月期間，扣除一次性匯兌損益後，淨營運虧損為 710 萬加元，相較於二零二四 年同期淨營運虧損為 50 萬加元。 截至二零二五年九月三十日止三個月的營運現金流淨損失為 110 萬加元，相較於 2024 年同期淨損失 100 萬加元。 截至二零二五年九月三十日止三個月的 ...