Sunshine Oil Sand (02012) plans to issue 8.17403 million shares with a premium of approximately 4.17% for debt-to-equity conversion.

Zhito Financial APP news, Sunshine Oil Sands (02012) announced that on July 30, 2025, the company entered into a debt-to-equity conversion agreement with creditors. According to this agreement, the company will issue and distribute relevant shares to creditors for debt-to-equity conversion, in order to settle all debts to creditors. The issue price is HK$0.50, which is a premium of approximately 4.17% over the closing price of HK$0.48 on July 30, 2025.