HKBN Ltd. — Capital/Financing Update 2022

Jan 3, 2022

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)

COMPLETION OF THE DISCLOSEABLE TRANSACTION IN RELATION TO THE DISPOSAL OF 60% OF THE ISSUED SHARE CAPITAL OF HKBN JOS (SINGAPORE) PTE. LTD. AND HKBN JOS (MALAYSIA) SDN. BHD.

Reference is made to the announcement of HKBN Ltd. (the “ Company ”) dated 10 November 2021 (the “ Announcement ”) in respect of the discloseable transaction in relation to the disposal of 60% of the issued share capital of HKBN JOS (Singapore) Pte. Ltd. and HKBN JOS (Malaysia) Sdn. Bhd. respectively. Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Company is pleased to announce that the conditions precedent as set out in the Share Purchase Agreement have been satisfied and Completion took place on 3 January 2022. Upon Completion, the Target Companies have ceased to be subsidiaries of the Company and have become 40%-owned associates of the Company.

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

Hong Kong, 3 January 2022

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 Mr. Agus TANDIONO Ms. Shengping YU Mr. Zubin Jamshed IRANI

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