HKBN Ltd. — Director's Dealing 2023

Mar 16, 2023

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Public Disclosure Form

16 March 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	15 March 2023	Other types of securities (e.g. equityswaps)	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders	Purchase	861,500	$5,087,744.8700	$6.0300	$5.6500
		Other types of securities (e.g. equityswaps)	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders	Sale	9,000	$52,841.2100	$5.8800	$5.8800
		Other types of securities (e.g. equityswaps)	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders	Purchase	140,000	$822,725.0000	$5.9300	$5.8000
		Other types of securities (e.g. equityswaps)	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders	Purchase	19,500	$115,967.4200	$5.9500	$5.9100

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	Sale	11,500	$67,853.4200	$5.9100	$5.9000
		Other types of securities (e.g. equityswaps)	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders	Sale	3,000	$17,523.7500	$6.0000	$5.6500
		Other types of securities (e.g. equityswaps)	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders	Sale	88,000	$520,275.6200	$6.0100	$5.6500
		Other types of securities (e.g. equityswaps)	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders	Purchase	6,000	$35,633.5800	$5.9500	$5.9100
		Other types of securities (e.g. equityswaps)	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders	Sale	1,000	$5,640.9500	$6.0100	$5.6500
		Other types of securities (e.g. equity swaps)	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders	Purchase	14,000	$83,183.3700	$5.9400	$5.9100
		Other types of securities (e.g. equityswaps)	Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders	Sale	6,500	$38,257.7000	$6.0100	$5.6500
		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	$8,638.6500	$5.7500	$5.7500

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	17,500	$102,653.4500	$5.8600	$5.8600

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..