• Sunshine Oilsands subsidiary Shenzhen Zhongwang Energy signed an energy management contract with East Sifangtai government on October 20, 2026.
• The 33-year contract covers conversion of government office building coal-fired boilers to ground-source heat pump heating in Liaoning province.
• Shenzhen Zhongwang Energy will fund the conversion, with the government paying energy usage fees.
• Construction has begun on the subsidiary's first new-energy pilot project in Liaoning, with completion and operation expected by December 20, 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-20261020-12377120), on October 20, 2026, and is solely responsible for the information contained therein.