HKBN Ltd. — Director's Dealing 2023

May 4, 2023

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Public Disclosure Form

4 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	Description of products	Nature of dealings	Number of reference securities to which the derivatives relate	Maturity date / closing out date	Reference price	Total amount paid / received	Resultant balance (including those of any person with whom there is an agreement or understanding)
J.P. Morgan Securities PLC	3 May 2023	Derivatives	Other types of products	Closing out of a derivative contract	233,000	26 March 2024	$5.7700	$1,344,410.0000	4,549,917
		Derivatives	Other types of products	Closing out of a derivative contract	5,500	26 March 2024	$5.7700	$31,735.0000	4,555,417
		Derivatives	Other types of products	Closing out of a derivative contract	224,276	26 March 2024	$5.7700	$1,294,072.5200	4,779,693

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Public Disclosure Form

		Derivatives	Other types of products	Issue of a derivative	224,276	5 June 2024	$5.7700	$1,294,072.5200	4,555,417
		Derivatives	Other types of products	Issue of a derivative	238,500	5 June 2024	$5.7700	$1,376,145.0000	4,316,917
		Derivatives	Other types of products	Closing out of a derivative contract	500	29 January 2024	$5.7091	$2,854.5500	4,317,417
		Derivatives	Other types of products	Issue of a derivative	11,500	20 May 2024	$5.6637	$65,132.0200	4,328,917
		Derivatives	Other types of products	Closing out of a derivative contract	21,000	20 May 2024	$5.6716	$119,102.7400	4,307,917
		Derivatives	Other types of products	Closing out of a derivative contract	8,500	20 May 2024	$5.6716	$48,208.2500	4,299,417

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..