POLL RESULTS OF ANNUAL GENERAL MEETING HELD ON JUNE 23, 2022 (HONG KONG TIME) / JUNE 22, 2022 (CALGARY TIME)
Poll results in respect of all the resolutions proposed at the General Meeting are set out below:
Ordinary Resolution |
Number of Votes (%) |
Total voting rights present at the General Meeting |
|
For |
Against |
||
|
159,885,736 (100.00%) |
420 (0.00%) |
159,886,156 |
The resolution was duly passed as an ordinary resolution.
|
Ordinary Resolution |
Number of Votes (%) |
Total voting rights present at the General Meeting |
|
For |
Against |
||
|
159,886,156 (100%) |
0 (0%) |
159,886,156 |
The resolution was duly passed as an ordinary resolution.
|
Ordinary Resolutions |
Number of Votes (%) |
Total voting rights present at the General Meeting |
|
For |
Withhold from Voting |
||
|
|||
(a) Kwok Ping Sun
|
159,885,996 (100.00%) |
160 (0.00%) |
159,886,156 |
The resolution was duly passed as an ordinary resolution. |
|||
(b) Michael J. Hibberd
|
159,885,996 (100.00%) |
160 (0.00%) |
159,886,156 |
The resolution was duly passed as an ordinary resolution. |
|||
(c) Gloria Pui Yun Ho
|
159,886,156 (100%) |
0 (0%) |
159,886,156 |
The resolution was duly passed as an ordinary resolution. |
|||
(d) Xijuan Jiang
|
159,886,156 (100%) |
0 (0%) |
159,886,156 |
The resolution was duly passed as an ordinary resolution. |
|||
(e) Linna Liu
|
142,067 (0.10%) |
147,549,423 (99.90%) |
147,691,490 |
The resolution was not passed. |
|||
(f) Yi He
|
159,886,156 (100%) |
0 (0%) |
159,886,156 |
The resolution was duly passed as an ordinary resolution.
|
|||
(g) Guangzhong Xing
|
159,886,156 (100%) |
0 (0%) |
159,886,156 |
The resolution was duly passed as an ordinary resolution. |
|||
(h) Alfa Li
|
159,886,156 (100%) |
0 (0%) |
159,886,156 |
The resolution was duly passed as an ordinary resolution. |
Ordinary Resolution |
Number of Votes (%) |
Total voting rights present at the General Meeting |
|
For |
Withhold from Voting |
||
4. To appoint UniTax Prism (HK) CPA Limited as auditor of the Company for the ensuing year and to authorize the Board to fix their remuneration |
159,949,437 (100%) |
0 (0%) |
159,949,437
|
The resolution was duly passed as an ordinary resolution. |
Ordinary Resolution |
Number of Votes (%) |
Total voting rights present at the General Meeting |
|
For |
Against |
||
5. To approve a proposal for the Company to grant to the Board a general mandate to allot, issue and otherwise deal with un-issued Shares not exceeding twenty percent (20%) of its issued share capital, as more particularly described in the Circular
|
159,880,904 (100.00%) |
5,252 (0.00%) |
159,886,156
|
The resolution was duly passed as an ordinary resolution.
|
Ordinary Resolution |
Number of Votes (%) |
Total voting rights present at the General Meeting |
|
For |
Against |
||
6. To approve a proposal for the Company to grant to the Board a general mandate to repurchase Shares not exceeding ten percent (10%) of its issued share capital, as more particularly described in the Circular
|
159,886,156 (100%) |
0 (0%) |
159,886,156 |
The resolution was duly passed as an ordinary resolution.
|
v The above figures are rounded up to two decimal places to the nearest integer.
As at the date of the General Meeting, the total number of shares in issue of the Company was 243,478,681 Shares, which was the total number of Shares entitling the Shareholders to attend and vote for or against the resolutions at the General Meeting. There were no restrictions on any Shareholders to cast votes only against the proposed resolutions at the General Meeting. There were no Shares entitling the Shareholders to attend and abstain from voting in favor of the resolutions at the General Meeting as set out in Rule 13.40 of the Listing Rules. No Shareholders were required to abstain from voting at the General Meeting under the Listing Rules. No Shareholders had stated their intention in the Circular to vote against or to abstain from voting on the resolutions at the General Meeting.
All Directors participated the General Meeting by means of telephone.
Regarding Resolution 3(e), as mentioned in the Circular, effective on March 26, 2013, the Board passed a policy which provides that, in the event that a director candidate is elected but receives more votes withheld than cast in favor of the director at the meeting appointing directors, he or she is expected to submit a letter of resignation within seven (7) days of the General Meeting. For details, please refer to the Circular.
The Company will make further announcement(s) as and when necessary.
By Order of the Board of Sunshine Oilsands Ltd.
Kwok Ping Sun
Executive Chairman
Hong Kong, June 23, 2022
Calgary, June 23, 2022
As at the date of this announcement, the Board consists of Mr. Kwok Ping Sun and Ms. Gloria Pui Yun Ho as executive directors; Mr. Michael John Hibberd, Ms. Linna Liu and Ms. Xijuan Jiang as non-executive directors; and Mr. Yi He, Mr. Alfa Li and Mr. Guangzhong Xing as independent non-executive directors.
About Sunshine Oilsands Ltd.
The Corporation is a Calgary based public corporation, listed on the Hong Kong Stock Exchange since May 1, 2012. The Corporation is focused on the development of its significant holdings of oil sands and heavy oil leases in the Athabasca oil sands region. The Corporation owns interests in oil sands and petroleum and natural gas leases in the Athabasca region of Alberta. The Corporation is currently focused on executing milestone undertakings in the West Ells project area. West Ells Phase 1 is operational and has an initial production target of 5,000 barrels per day.
For further enquiries, please contact:
Kwok Ping Sun
Executive Chairman
Tel: + 852-3188-9298
Email: [email protected]
Website: www.sunshineoilsands.com
FORWARD LOOKING INFORMATION
This announcement contains forward-looking information relating to, among other things, (a) the future financial performance and objectives of Sunshine; (b) the plans and expectations of the Corporation; and (c) the anticipated closings of the current private placements and the timing thereof. Such forward-looking information is subject to various risks, uncertainties and other factors. All statements other than statements and information of historical fact are forward-looking statements. The use of words such as “estimate”, “forecast”, “expect”, “project”, “plan”, “target”, “vision”, “goal”, “outlook”, “may”, “will”, “should”, “believe”, “intend”, “anticipate”, “potential”, and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on Sunshine’s experience, current beliefs, assumptions, information and perception of historical trends available to Sunshine, and are subject to a variety of risks and uncertainties including, but not limited to, those associated with resource definition and expected reserves and contingent and prospective resources estimates, unanticipated costs and expenses, regulatory approval, fluctuating oil and gas prices, expected future production, the ability to access sufficient capital to finance future development and credit risks, changes in Alberta’s regulatory framework, including changes to regulatory approval process and land-use designations, royalty, tax, environmental, greenhouse gas, carbon and other laws or regulations and the impact thereof and the costs associated with compliance. Although Sunshine believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned that the assumptions and factors discussed in this announcement are not exhaustive and readers are not to place undue reliance on forward-looking statements as the Corporation’s actual results may differ materially from those expressed or implied. Sunshine disclaims any intention or obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, subsequent to the date of this announcement, except as required under applicable securities legislation. The forward-looking statements speak only as at the date of this announcement and are expressly qualified by these cautionary statements. Readers are cautioned that the foregoing lists are not exhaustive and are made as at the date hereof. For a full discussion of the Corporation’s material risk factors, see risk factors described in other documents we file from time to time with securities regulatory authorities, all of which are available on the Hong Kong Stock Exchange at www.hkexnews.hk or the Corporation’s website at www.sunshineoilsands.com.