HKBN Ltd. — Director's Dealing 2023

Apr 21, 2023

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Public Disclosure Form

21 April 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	20 April 2023	Other types of securities (e.g. equityswaps)	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders	Purchase	1,500	$9,329.7300	$6.2100	$6.2100
		Other types of securities (e.g. equity swaps)	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders	Purchase	2,000	$12,323.2800	$6.1600	$6.1500
		Other types of securities (e.g. equity swaps)	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders	Purchase	10,000	$61,902.4300	$6.3000	$6.1300

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Public Disclosure Form

		Other types of securities (e.g. equityswaps)	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders	Purchase	58,000	$358,206.1500	$6.1900	$6.1200
		Other types of securities (e.g. equityswaps)	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders	Sale	20,000	$125,862.6800	$6.3100	$6.3000
		Other types of securities (e.g. equityswaps)	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders	Sale	117,000	$718,071.9900	$6.2000	$6.1000

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..