Sunshine Oilsands forms AI computing center joint venture; unit takes 40% stake

• Sunshine Oilsands formed a joint venture to set up Geo-Energy Intelligent Computing Artificial Intelligence (Beidaihe) in Qinhuangdao, China.
• Wholly owned unit Sangxiang Petrochemical holds 40% of the new company alongside several Chinese partners.
• Venture targets a 6,000P AI computing center using existing local power systems, government land, third-party low-cost cooling energy.
• Beidaihe government support includes approvals, permits, supporting services; a government-controlled enterprise plans to take an equity stake later.
• Project positioned to diversify earnings beyond oil sands, adding an AI-focused growth platform once operational.

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-20260823-12295314), on August 23, 2026, and is solely responsible for the information contained therein.