Sunshine Oilsands places 43,700,000 shares at HK$0.16, raising HK$6.99 million

• Sunshine Oilsands entered a subscription agreement to issue 43,700,000 new shares at HK$ 0.16 each.
• Cash proceeds set at HK$ 6.99 million; subscription price matches the five-day average, a 1.91% premium to the latest close.
• New shares equal 6.14% of current issued capital, 5.79% on an enlarged basis, assuming no other share changes.
• Proceeds earmarked for near-term debt repayment, general working capital.
• Closing requires Hong Kong listing approval, other required consents; long-stop date set for Oct. 13, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sunshine Oilsands Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260923-12343948), on September 23, 2026, and is solely responsible for the information contained therein.