Sunshine Oilsands Ltd. is committed to providing our investors and the public with timely and accurate information regarding our business and operating activies.
December 21, 2023
SUPPLEMENTAL ANNOUNCEMENT APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
Reference is made to the announcement of Sunshine Oilsands Ltd. (HKEX: 2012) dated December 19, 2023, in relation to, among others, the appointment of Ms. Jue Pang as an independent non-executive Director of Sunshine (the “Announcement”). Unless otherwise specified, capitalised terms used herein shall have the same meanings as those defined in the Announcement.
In addition to the information contained in the Announcement, the Board hereby provides that per the current emolument policy of the Corporation, Directors are entitled to an annual retainer of CAD38,000 and a CAD800 participation fee per meeting. In addition, all Directors can be reimbursed for reasonable expenses incurred by them in relation to their capacity and duties as the Corporation's Directors. This includes travel and other out-of-pocket expenses incurred in connection with meetings of the Board or its committees. Such emolument policy is subject to revision by the Compensation Committee of the Corporation.
Saved as disclosed above, the Board confirms that all information in the Announcement remains unchanged.
By Order of the Board of Sunshine Oilsands Ltd.
Kwok Ping Sun
Executive Chairman
Hong Kong, December 21, 2023
Calgary, December 21, 2023
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, Ms. Jue Pang and Mr. Guangzhong Xing as independent non-executive directors.
*For identification purposes only