HKBN Ltd. — Director's Dealing 2023

May 17, 2023

==> picture [173 x 58] intentionally omitted <==

Public Disclosure Form

17 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 of	Nature of dealings	Purchase /	Total	Total	Highest (H)	Lowest (L)
		relevant		Sale	number of	amount paid	prices paid	prices paid
		securities			shares	/ received	/ received	/ received
					involved
J.P. Morgan	16 May	Other types of	Hedging of Delta 1 products created	Purchase	2,500	$13,645.5200	$5.4700	$5.4400
Securities PLC	2023	securities (e.g.	as a result of wholly unsolicited
		equityswaps)	client-driven orders

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..