SUNSHINE OIL (02012): Subsidiary Shenzhen Zhongwang Energy Signs Energy Cooperation Agreement with the People's Government of Dong Sifangtai, Anshan, Liaoning
SUNSHINE OIL (02012) announced that on October 20, 2026 (Hong Kong and Calgary, Alberta time), Shenzhen Zhongwang Energy Technology Co., Ltd. (Shenzhen Zhongwang Energy), a subsidiary of Sunshine Oil Sands Limited (Sunshine or the Company), signed an energy cooperation agreement with the People's Government of Dong Sifangtai, Anshan, Liaoning (Dong Sifangtai People's Government of Anshan, Liaoning), with a contract term of 33 years. Under the agreement, Shenzhen Zhongwang Energy will fund the conversion of the government office building's existing coal-fired boilers into clean energy heating using ground-source heat pumps, and the government will pay energy usage fees. The project is Shenzhen Zhongwang Energy's first new energy pilot project in Liaoning, has already commenced construction, and is expected to be completed and delivered for operation by December 20, 2026.
SUNSHINE OIL (02012) announces that on October 20, 2026 (Hong Kong and Calgary, Alberta time), Shenzhen Zhongwang Energy Technology Co., Ltd. (Shenzhen Zhongwang Energy), a subsidiary of SUNSHINE OIL Limited (Sunshine or the Company), signed an energy cooperation agreement with the People's Government of Dong Sifangtai, Anshan, Liaoning (Dong Sifangtai People's Government of Anshan). The contract term is 33 years. Shenzhen Zhongwang Energy will fund the conversion of the government office building's existing coal-fired boilers to clean-energy geothermal heat pump heating, and the government will pay energy usage fees. This project is Shenzhen Zhongwang Energy's first new energy pilot project in Liaoning. Construction has commenced and is expected to be completed and delivered for operation by December 20, 2026.
Upon completion, the project will serve as a demonstration of local energy conservation and emissions reduction, and will also lay a solid foundation for more new projects of Shenzhen Zhongwang Energy to commence next year, thereby enabling Sunshine to move from its traditional single oil sands business into a new track of new energy business development.
Related Articles
KINDSTAR GLOBAL (09960) repurchased 4,000 shares on October 20 at a cost of approximately HK$3,622.4.
COWELL (01415) repurchased 300,000 shares on October 20 for HK$6.6216 million.
JINXUN RESOURCE (03636) plans to engage in foreign exchange derivative businesses such as forward foreign exchange settlement and sales, and swaps.
KINDSTAR GLOBAL (09960) repurchased 4,000 shares on October 20 at a cost of approximately HK$3,622.4.
COWELL (01415) repurchased 300,000 shares on October 20 for HK$6.6216 million.
JINXUN RESOURCE (03636) plans to engage in foreign exchange derivative businesses such as forward foreign exchange settlement and sales, and swaps.
