HKBN Ltd. — Director's Dealing 2023

Apr 3, 2023

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Public Disclosure Form

3 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 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	31 March2023	Other types ofsecurities (e.g.equityswaps)	Hedging of Delta 1 productscreated as a result of whollyunsolicited client-driven orders	Sale	500	$2,895.4700	$5.8000	$5.8000
		Other types ofsecurities (e.g.equity swaps)	Hedging of Delta 1 productscreated as a result of whollyunsolicited client-driven orders	Purchase	72,000	$418,846.4000	$5.8200	$5.7600
		Other types ofsecurities (e.g.equity swaps)	Hedging of Delta 1 productscreated as a result of whollyunsolicited client-driven orders	Purchase	10,500	$61,181.3000	$5.8200	$5.8100

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Public Disclosure Form

Other types of	Hedging of Delta 1 products	Sale	1,000	$5,740.9400	$5.7500	$5.7500
securities (e.g.	created as a result of wholly
equityswaps)	unsolicited client-driven orders
Other types of	Hedging of Delta 1 products	Purchase	6,500	$37,540.9400	$5.7700	$5.7600
securities (e.g.	created as a result of wholly
equityswaps)	unsolicited client-driven orders
Other types of	Hedging of Delta 1 products	Purchase	15,500	$90,224.6700	$5.8200	$5.7600
securities (e.g.	created as a result of wholly
equityswaps)	unsolicited 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..