HKBN Ltd. — M&A Activity 2019

Jan 18, 2019

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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HKBN Ltd. 香港寬頻有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1310)

EXTENSION OF LONG STOP DATE IN RESPECT OF THE MERGER AGREEMENT IN RELATION TO THE PROPOSED TRANSACTION

Reference is made to the announcement by HKBN Ltd. (the “ Company ”) dated 7 August 2018 and the circular of the Company dated 26 October 2018 (the “ Circular ”) in relation to, among other things, the Proposed Transaction. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

As additional time is required for fulfilment of the conditions precedent set out in the Merger Agreement, the parties to the Merger Agreement have agreed in writing to extend the Long Stop Date from 6 February 2019 to 6 May 2019. The Company remains confident that the Proposed Transaction will complete by the extended Long Stop Date.

Save as the extension of the Long Stop Date, all other terms and conditions of the Merger Agreement remain unchanged and in full force and effect in all respects.

By order of the Board HKBN Ltd. Bradley Jay HORWITZ Chairman

Hong Kong, 18 January 2019

As at the date of this announcement, the Board comprises:

Executive Directors Independent Non-executive Directors Mr. Chu Kwong YEUNG Mr. Bradley Jay HORWITZ (Chairman) Mr. Ni Quiaque LAI Mr. Stanley CHOW Mr. Yee Kwan Quinn LAW, SBS, JP

Non-executive Director Ms. Deborah Keiko ORIDA

Where the English and the Chinese texts conflict, the English text prevails.