HKBN Ltd. — Board/Management Information 2020

Jul 15, 2020

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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HKBN Ltd. 香港寬頻有限公司

(Incorporated in the Cayman Islands with limited liability)

Stock Code: 1310

RESIGNATION AND APPOINTMENT OF NON-EXECUTIVE DIRECTOR AND MEMBER OF NOMINATION COMMITTEE

The Board announces that Ms. Deborah Keiko Orida (“ Ms. Orida ”) has resigned as a nonexecutive director and member of the nomination committee of the Company with effect from 15 July 2020.

The Board also announces that Ms. Suyi Kim (“ Ms. Kim ”) has been appointed as a nonexecutive director and a member of the nomination committee of the Company with effect from 15 July 2020.

Resignation of non-executive director and member of nomination committee

The board of directors (the “ Board ”) of HKBN Ltd. (the “ Company ”) announces that Ms. Orida has tendered her resignation as a non-executive director and member of the nomination committee of the Company with effect from 15 July 2020 due to increased management responsibilities at Canada Pension Plan Investment Board (“ CPP Investments ”).

Ms. Orida was appointed as a non-executive director and a member of the nomination committee of the Company on 20 November 2015. Ms. Orida is the Senior Managing Director & Global Head of Active Equities at CPP Investments, a substantial shareholder of the Company.

Ms. Orida confirms that there is no disagreement with the Board and there are no other matters that need to be brought to the attention of the shareholders of the Company in relation to her resignation.

The Board would like to express its gratitude to Ms. Orida for her valuable contribution and advice to the Company during her tenure of directorship.

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Appointment of non-executive director and member of nomination committee

The Board announces that Ms. Suyi Kim has been appointed as a non-executive director and member of the nomination committee of the Company with effect from 15 July 2020.

Ms. Kim, aged 47, is the Senior Managing Director & Head of Asia Pacific at CPP Investments based in Hong Kong. She joined CPP Investments in 2007, establishing CPP Investments’ first international office in Hong Kong and has held a number of senior leadership roles including overseeing private investments in Asia and leading private equity investments as Managing Director & Head of Private Equity Asia. Since 2016, Ms. Kim has been responsible for overseeing CPP Investments’ investment activities in Asia Pacific across all investment programs including public equity, private equity, real estate, infrastructure and credit and overseeing operations in the Hong Kong, Mumbai and Sydney offices. She is also a member of CPP Investments’ Global Investment Committee, Strategy & Risk Committee and Management Committee. Prior to joining CPP Investments, Ms. Kim worked at Ontario Teachers’ Pension Plan and The Carlyle Group, as well as McKinsey & Co. in various Asian countries and at PricewaterhouseCoopers. Ms. Kim holds a Master of Business Administration from Stanford University and a Bachelor of Arts in International Economics from Seoul National University. She is a Certified Public Accountant. She currently serves on the board of directors of Homeplus, one of the largest multi-channel retailers in South Korea. Ms. Kim is also on the Products Advisory Committee of the Securities & Futures Commission of Hong Kong and sits on the board of Junior Achievement in Korea.

Save as disclosed above, Ms. Kim (i) does not have any relationship with any other directors, senior management, substantial or controlling shareholders of the Company; (ii) is not interested or deemed to be interested in any shares or underlying shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance; (iii) did not hold any other directorships in public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; and (iv) does not hold any other position with the Company or any of its subsidiaries.

Ms. Kim will hold office until the first general meeting of the Company after her appointment and shall then be eligible for re-election at that meeting, and thereafter will be subject to retirement by rotation and re-election at the Company’s annual general meeting in accordance with the articles of association of the Company.

Ms. Kim has signed the letter of appointment issued by the Company. Under the letter of appointment, Ms. Kim will not receive any emoluments for her service as a non-executive director from the Company.

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Save as disclosed in this announcement, there is no information required to be disclosed pursuant to any of the requirements of Rules 13.51(2)(h) to 13.51(2)(v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and there are no other matters that need to be brought to the attention of the shareholders of the Company in relation to the appointment of Ms. Kim.

The Board would like to extend a warm welcome to Ms. Kim.

By order of the Board HKBN Ltd. Bradley Jay HORWITZ Chairman

Hong Kong, 15 July 2020

As at the date of this announcement, the Board comprises:

Executive Directors Mr. Chu Kwong YEUNG Mr. Ni Quiaque LAI

Independent Non-executive Directors Mr. Bradley Jay HORWITZ (Chairman) Mr. Stanley CHOW Mr. Yee Kwan Quinn LAW, SBS, JP

Non-executive Directors

Ms. Suyi KIM Mr. Zubin Jamshed IRANI Mr. Teck Chien KONG

Where the English and the Chinese texts conflict, the English text prevails.

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