HKBN Ltd. — Director's Dealing 2024

Dec 24, 2024

Public Disclosure Form

SECURITIES AND FUTURES COMMISSION
證券及期貨事務監察委員會

24 December 2024

Possible voluntary general 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	23 December 2024	Derivatives	Other types of products	Issue of a derivative	150,000	3 February 2026	$5.1233	$768,496.8000	28,200,866
		Derivatives	Other types of products	Closing out of a derivative contract	12,589	31 January 2025	$5.1210	$64,468.2700	28,213,455
		Derivatives	Other types of products	Closing out of a derivative contract	73,500	31 January 2025	$5.1210	$376,393.5000	28,286,955
		Derivatives	Other types of products	Closing out of a derivative contract	11,313	31 January 2025	$5.1210	$57,933.8700	28,298,268

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SFC

證監會

Public Disclosure Form

		Derivatives	Other types of products	Closing out of a derivative contract	32,500	31 January 2025	$5.1210	$166,432.5000	28,330,768
		Derivatives	Other types of products	Issue of a derivative	47,600	12 January 2029	$5.1249	$243,945.2400	28,378,368

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..