The board of directors of Sunshine Oilsands Ltd. has appointed Mr. HU Jin, alias Jimmy Hu, (Mr. Hu) as an executive director of the Corporation with effect from 14 July 2014. Mr. Hu will have executive responsibility as Senior Vice President, Corporate Strategies. As announced on 27 June 2014, Mr. Hu had originally been appointed as a non-executive director of the Corporation with effect from 27 June 2014.
There is no service contract between the Corporation and Mr. Hu and he has not been appointed for a specific term and he is currently not entitled to receive any director's emolument (such emolument is subject to revision by the compensation committee of the Corporation). In accordance with the Corporation's articles of incorporation and by-laws, Mr. Hu shall hold office as a director subject to re-election at the next annual general meeting of the Corporation.