POLL RESULTS OF ANNUAL AND SPECIAL MEETING HELD ON JUNE 28, 2023 (HONG KONG TIME) / JUNE 27, 2023 (CALGARY TIME)
Reference is made to the notice (the “Notice”) of the annual and special general meeting of shareholders (the “General Meeting”) of Sunshine Oilsands Ltd. (the “Company”) and the accompanying form of proxy, all dated May 25, 2023.
Unless the context requires otherwise, terms used herein shall have the same meanings as those defined in the Company’s management information circular dated May 25, 2023 (the “Circular”).
Poll Results
The Board wishes to announce that, all the Resolutions as set out in the Notice were duly passed by the shareholders of the Company (the “Shareholders”) by way of poll at the General Meeting. Computershare Hong Kong Investor Services Limited, the Company’s branch share registrar in Hong Kong, was appointed as the scrutineer for the vote-taking at the General Meeting.
*For identification purposes only
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 |
||
|
109,995,851 (100.00%) |
0 (0.00%) |
109,995,851 |
|
The resolution was duly passed as an ordinary resolution.
|
|||
|
Ordinary Resolution |
Number of Votes (%) |
Total voting rights present at the General Meeting |
|
|
For |
Against |
||
|
110,047,924 (99.98%) |
18,261 (0.02%) |
110,066,185 |
|
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
|
109,995,479 (100.00%) |
372 (0.00%) |
109,995,851 |
|
The resolution was duly passed as an ordinary resolution. |
|||
|
(b) Michael J. Hibberd
|
109,995,529 (100.00%) |
322 (0.00%) |
109,995,851 |
|
The resolution was duly passed as an ordinary resolution. |
|||
|
(c) Gloria Pui Yun Ho
|
109,995,529 (100.00%) |
322 (0.00%) |
109,995,851 |
|
The resolution was duly passed as an ordinary resolution. |
|||
|
(d) Xijuan Jiang
|
109,995,479 (100.00%) |
372 (0.00%) |
109,995,851 |
|
The resolution was duly passed as an ordinary resolution. |
|||
|
(e) Linna Liu
|
109,994,479 (100.00%) |
1,372 (0.00%) |
109,995,851 |
|
The resolution was duly passed as an ordinary resolution. |
|||
|
(f) Yi He
|
109,995,799 (100.00%) |
52 (0.00%) |
109,995,851 |
|
The resolution was duly passed as an ordinary resolution.
|
|||
|
(g) Guangzhong Xing
|
109,995,799 (100.00%) |
52 (0.00%) |
109,995,851 |
|
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 Prism Hong Kong and Shanghai Limited as auditor of the Company for the ensuing year and to authorize the Board to fix their remuneration |
110,066,026 (100.00%) |
159 (0.00%) |
110,066,185
|
|
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
|
109,977,677 (99.98%) |
18,174 (0.02%) |
109,995,851 |
|
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
|
109,995,799 (100.00%) |
52 (0.00%) |
109,995,851 |
|
The resolution was duly passed as an ordinary resolution.
|
|||
|
Special Resolution |
Number of Votes (%) |
Total voting rights present at the General Meeting |
|
|
For |
Against |
||
|
7. To approve certain amendments made to the Company’s Articles and By-Law#1 as more particularly described in the Circular
|
109,995,799 (100.00%) |
52 (0.00%) |
109,995,851 |
|
The resolution was duly passed as special 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 in person or by means of telephone.
By Order of the Board of Sunshine Oilsands Ltd.
Kwok Ping Sun
Executive Chairman
Hong Kong, June 28, 2023
Calgary, June 28, 2023
As at the date of this announcement, taking into account of Mr. Alfa Li’s retirement, 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 and Mr. Guangzhong Xing as independent non-executive directors.