Sunshine Oilsands Ltd. announce that Ms. Jue Pang has been appointed as an independent non-executive Director, a member of each of the Audit Committee, the Compensation Committee and the Corporate Governance Committee of the Corporation with effect from December 19, 2023. Ms. Pang, aged 42, founding Partner of Bing Wen Law Firm, holds LL.M. degree of the University of Hong Kong and LL.B. degree of Nanjing University. Cherry Pang has 18 years of legal practice experience and was the partner at Grandall Law Firm (Shanghai).

She specializes in IPO capital markets, capital restructuring, investment and financing, companies restructuring, merger and acquisitions, etc. The Board would like to announce that, immediately following the appointment of Ms. Pang as an independent non-executive Director, she was further appointed as a member of each of the Audit Committee, Compensation Committee and the Corporate Governance Committee with immediate effect. Besides, Mr. David Yi He was appointed the Chair of Compensation Committee on December 19, 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.