Core Viewpoint - The company announced a non-binding cooperation framework agreement with Southern Power Grid Comprehensive Energy Co., Ltd. to collaborate on renewable energy projects in Shandong and Guangdong provinces, aiming to diversify its energy business portfolio [1] Group 1: Agreement Details - The agreement was signed on November 24, 2025, between the company's wholly-owned subsidiary, Suncor Petrochemical (Shanghai) Co., Ltd., and Southern Power Grid [1] - The collaboration will focus on various areas including carbon reduction, energy conservation, heating, cooling, and renewable energy [1] Group 2: Responsibilities - The company will be responsible for project resource reserves, preliminary supportive document processing, project preliminary evaluation, and early development [1] - Southern Power Grid will take the lead in project financing, construction management, and operational management of power plants [1] Group 3: Strategic Implications - The board anticipates that the framework agreement will assist the company in achieving a diversified development of its energy business portfolio [1]

Core Viewpoint - Sunshine Oilsands (02012.HK) has signed a non-binding cooperation framework agreement with China Southern Power Grid Comprehensive Energy Co., Ltd. to collaborate on renewable energy projects in Shandong and Guangdong provinces, focusing on carbon reduction, energy saving, heating, cooling, and other areas [1] Group 1: Agreement Details - The agreement involves Sunshine Oilsands' wholly-owned subsidiary, Suncor Petrochemical (Shanghai) Co., Ltd., and will cover project resource reserves, preliminary documentation, project evaluation, and early development [1] - China Southern Power Grid will take the lead in project financing, construction management, and power station operations [1] - The framework agreement is not legally binding and will be followed by a formal agreement with specific terms [1] Group 2: Timeline and Expectations - The agreement is set to last until December 31, 2026, with the possibility of renewal one month prior to expiration [1] - The board expects this framework agreement to aid in diversifying the company's energy business portfolio [1]