HKBN Ltd. — Director's Dealing 2023

Mar 7, 2023

==> picture [173 x 58] intentionally omitted <==

Public Disclosure Form

7 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	Descriptionof relevantsecurities	Descriptionof products	Nature ofdealings	Number ofreferencesecurities towhich thederivativesrelate	Maturitydate /closingout date	Referenceprice	Total amountpaid / received	Resultantbalance(includingthose of anyperson withwhom there isan agreementor**understanding) **
J.P.MorganSecuritiesPLC	6 March2023	Derivatives	Other types ofproducts	Closing out of aderivativecontract	86,000	4 March2024	$5.6408	$485,108.8000	1,242,723
		Derivatives	Other types ofproducts	Issue of aderivative	3,000	4 March2024	$5.6211	$16,863.3000	1,239,723
		Derivatives	Other types ofproducts	Issue of aderivative	19,000	19 March2024	$5.6112	$106,613.6900	1,258,723

==> picture [71 x 43] intentionally omitted <==

Public Disclosure Form

Derivatives	Other types of	Closing out of a	79,000	19 March	$5.6065	$442,913.9000	1,179,723
	products	derivative		2024
		contract
Derivatives	Other types of	Closing out of a	7,000	4 April	$5.6115	$39,280.7300	1,172,723
	products	derivative		2023
		contract
Derivatives	Other types of	Closing out of a	5,000	2	$5.6316	$28,157.7900	1,167,723
	products	derivative		November
		contract		2023
Derivatives	Other types of	Closing out of a	6,500	19 March	$5.6065	$36,442.2800	1,161,223
	products	derivative		2024
		contract
Derivatives	Other types of	Issue of a	1,000	5 April	$5.6350	$5,635.0000	1,162,223
	products	derivative		2028

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..