HKBN Ltd. — Director's Dealing 2025

Jul 18, 2025

SECURITIES AND

FUTURES COMMISSION

證券及期貨事務監察委員會

Public Disclosure Form

18 July 2025

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	17 July 2025	Derivatives	Other types of products	Issue of a derivative	107,000	3 February 2026	$5.0079	$535,847.9800	26,716,125
		Derivatives	Other types of products	Issue of a derivative	300	16 January 2029	$5.0111	$1,503.3300	26,716,425
		Derivatives	Other types of products	Issue of a derivative	3,000	16 January 2029	$5.0111	$15,033.3000	26,719,425
		Derivatives	Other types of products	Issue of a derivative	114,500	18 August 2026	$5.0064	$573,236.1200	26,833,925

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SFC 證監會
Public Disclosure Form

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..