HKBN Ltd. — Director's Dealing 2023

May 15, 2023

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Public Disclosure Form

15 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	12 May2023	Index relatedproducts	Dealing in a derivative which isreferenced to a basket or indexincluding relevant securities whichrepresent less than 1% of the classin issue and less than 20% of thevalue of the securities in the basketor index	Purchase	1,000	$5,649.0400	$5.6400	$5.6400
		Other types ofsecurities (e.g.equityswaps)	Hedging of Delta 1 productscreated as a result of whollyunsolicited client-driven orders	Purchase	29,000	$163,843.2500	$5.6600	$5.6000

Public Disclosure Form

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		Other types ofsecurities (e.g.equityswaps)	Hedging of Delta 1 productscreated as a result of whollyunsolicited client-driven orders	Sale	25,500	$143,281.4500	$5.6500	$5.6100

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..