Poll results of the Annual General Meeting of Shareholders held on June 24, 2015 (Hong Kong time) and June 23, 2015 (Calgary time)
Reference is made to the notice of the annual general meeting of shareholders (the “Meeting”) of Sunshine Oilsands Ltd. (the “Corporation”) dated May 19, 2015 (the “Notice”) and the supplemental notice of annual general meeting of Shareholders of the Corporation dated June 7, 2015 (the “Supplemental Notice”).
Unless the context requires otherwise, terms used herein shall have the same meanings as those defined in the Corporation’s management information circular dated May 19, 2015 (the “Circular”) and the supplemental letter to the Shareholders dated June 6, 2015 (the “Supplemental Letter”).
The board of directors of the Corporation (the “Board”) is pleased to announce that the resolutions, as set out in the Notice and the Supplemental Notice subject to the next following paragraph, were duly passed by the shareholders of the Corporation (the “Shareholders”) by way of poll at the Meeting held on June 24, 2015 (Hong Kong time) and June 23, 2015 (Calgary time). Computershare Hong Kong Investor Services Limited, the Hong Kong branch share registrar of the Corporation, was appointed as the scrutineer for the vote-taking at the Meeting.
Due to his personal reasons and other professional commitments, Mr. Tingan Liu informed the Meeting that he would not stand for re-election as a director. As such, he retired as non-executive chairman and director of the Corporation at the conclusion of the Meeting in accordance with his term of office. Mr. Tingan Liu has confirmed that he has no disagreement with the Board and there are no matters relating to his retirement as non-executive chairman and director that need to be brought to the attention of the shareholders of the Corporation.
Due to the retirement of Mr. Tingan Liu as a Director, resolution number 1 as stated in the Supplemental Letter was amended as follows: “to fix the number of directors to be elected at the 2015 AGM at eleven (11)” and the resolution to elect Mr. Tingan Liu for the ensuing year was removed.
The poll results in respect of all the resolutions proposed at the Meeting are set out below:
Please refer to the Circular and the Supplemental Letter for the full text of the above resolutions. Voting by proxy for ordinary resolutions 1 and 2(k) was conducted under a supplemental form of proxy that accompanied the Supplemental Letter.
As at June 24, 2015 (Hong Kong time), June 23, 2015 (Calgary time) the total number of shares of the Corporation was 3,900,973,071 Shares, which was the total number of shares entitling the holders to attend and vote for or against the resolutions proposed at the Meeting. There were no restrictions on the holders of the Shares to attend and vote for or against the resolutions proposed at the Meeting. There were no Shares entitling the Shareholders to attend and abstain from voting in favour of any of the proposed resolutions at the Meeting resolutions as set out in Rule 13.40 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”). No Shareholder was required under the Listing Rules to abstain from voting for approving the resolutions proposed at the Meeting. No parties were indicated in the Circular that they intended to vote against or to abstain from voting on any resolutions at the Meeting.
By Order of the Board of Sunshine Oilsands Ltd.
Michael J. Hibberd
Executive Vice-Chairman