HKBN Ltd. — Director's Dealing 2023

May 9, 2023

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Public Disclosure Form

9 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 relevant securities	Nature of dealings	Purchase / Sale	Total number of shares involved	Total amount paid / received	Highest (H) prices paid / received	Lowest (L) prices paid / received
J.P. Morgan Securities PLC	8 May 2023	Ordinary shares	Closing / flattening / unwinding of proprietary positions arising from unsolicited client-driven dealings. I confirm this was done no later than the close of the morning trading session on the trading day following the orginatingclient-driven dealing	Purchase	100	$585.1100	$5.8400	$5.8400
		Other types of securities (e.g. equityswaps)	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders	Sale	500	$2,925.4600	$5.8600	$5.8600

Public Disclosure Form

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		Other types of securities (e.g. equityswaps)	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders	Purchase	24,000	$139,812.8300	$5.8600	$5.8000

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..