HKBN Ltd. — M&A Activity 2023

Jun 13, 2023

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)

ANNOUNCEMENT PURSUANT TO RULE 3.7 OF THE TAKEOVERS CODE END OF OFFER PERIOD

This announcement is made by the board of directors (the “ Board ”) of HKBN Ltd. (the “ Company ”) pursuant to Rule 3.7 of the Hong Kong Code on Takeovers and Mergers (the “ Takeovers Code ”).

References are made to the announcements of the Company dated 2 March 2023, 2 April 2023, 27 April 2023 and 29 May 2023 relating to the Possible Offer (collectively, the “ Announcements ”). Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Announcements.

END OF OFFER PERIOD

The Board wishes to update the shareholders and potential investors of the Company that the Company and the Potential Offeror have terminated discussions in respect of the Possible Offer.

Accordingly, the Possible Offer will not proceed and the Company will cease to publish further monthly announcements in respect of the progress of the Possible Offer.

For the purpose of the Takeovers Code, the offer period in respect of the Possible Offer ends on the date of this announcement.

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Shareholders and/or potential investors of the Company are advised to exercise caution when dealing in the Shares. Persons who are in doubt as to the action or their position should consult their stockbrokers, bank managers, solicitors or other professional advisers.

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

Hong Kong, 13 June 2023

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 Ms. Edith Manling NGAN, MH Mr. Stanley CHOW Non-executive Directors Mr. Yee Kwan Quinn LAW, SBS, JP Mr. Agus TANDIONO Ms. Shengping YU Alternate Director Mr. Zubin Jamshed IRANI Mr. Hongfei YU (alternate to Ms. Shengping YU)

The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

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

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