Core Viewpoint - The company has signed a non-binding cooperation framework agreement with Southern Power Grid Comprehensive Energy Co., Ltd. to collaborate on new energy projects in Shandong and Guangdong provinces of China [1] Group 1 - The agreement involves cooperation in areas such as carbon reduction, energy conservation, heating, cooling, and new energy [1] - The framework agreement is set to last until December 31, 2026, with the possibility of renewal one month prior to expiration [1]

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]