HKBN Ltd. — Director's Dealing 2023

May 22, 2023

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Public Disclosure Form

22 May 2023

Possible Offer

Disclosure of dealings in the shares of HKBN Ltd.

The Executive received the following disclosure of securities dealings pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers:

Party	Date	Description ofrelevantsecurities	Nature of dealings	Purchase /Sale	Totalnumberof sharesinvolved	Total amountpaid / received	Highest (H)prices paid/ received	Lowest (L)prices paid/ received
J.P. MorganSecurities PLC	19 May2023	Other types ofsecurities (e.g.equityswaps)	Hedging of Delta 1 productscreated as a result of whollyunsolicited client-driven orders	Sale	40,000	$206,971.6500	$5.2200	$5.1500

End

Note:

J.P. Morgan Securities PLC is a Class (5) associate connected with the Offeree company. Dealings were made for its own account.

J.P. Morgan Securities PLC is ultimately owned by JPMorgan Chase & Co..