HKBN Ltd. — Director's Dealing 2025

Jun 26, 2025

Public Disclosure Form

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

26 June 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)
Morgan Stanley & Co., International plc	25 June 2025	Derivatives	Other types of products	Unsolicited client facilitation - Sale	1,000	28 November 2025	$4.9800	$4,980.0000	0
		Derivatives	Other types of products	Unsolicited client facilitation - Sale	1,000	22 March 2027	$4.9800	$4,980.0400	0
		Derivatives	Other types of products	Unsolicited client facilitation - Sale	3,949	24 October 2025	$4.9818	$19,673.0571	0
		Derivatives	Other types of products	Unsolicited client facilitation - Sale	6,318	30 December 2025	$4.9818	$31,474.9113	0

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SFC

證監會

Public Disclosure Form

		Derivatives	Other types of products	Unsolicited client facilitation - Sale	12,819	24 October 2025	$4.9817	$63,860.5533	0
		Derivatives	Other types of products	Unsolicited client facilitation - Sale	18,954	24 October 2025	$4.9817	$94,423.7028	0
		Derivatives	Other types of products	Unsolicited client facilitation - Sale	19,269	2 October 2026	$4.9817	$95,992.3773	0
		Derivatives	Other types of products	Unsolicited client facilitation - Sale	31,000	13 November 2026	$4.9800	$154,380.0000	0
		Derivatives	Other types of products	Unsolicited client facilitation - Sale	35,854	29 May 2026	$4.9817	$178,614.2519	0
		Derivatives	Other types of products	Unsolicited client facilitation - Sale	43,837	22 December 2025	$4.9817	$218,382.7873	0
		Derivatives	Other types of products	Unsolicited client facilitation - Sale	59,500	27 October 2025	$4.9700	$295,715.0000	0
		Derivatives	Other types of products	Unsolicited client facilitation - Purchase	500	25 February 2027	$4.9870	$2,493.5000	0

End

Note:
Morgan Stanley & Co., International plc is a Class (5) associate connected with the Offeree company.
Dealings were made for its own account.

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SFC 證監會
Public Disclosure Form

Morgan Stanley & Co., International plc is ultimately owned by Morgan Stanley.