HKBN Ltd. — M&A Activity 2024

Dec 2, 2024

Public Disclosure Form

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

2 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)
Morgan Stanley Capital Services LLC	29 November 2024	Derivatives	Other types of products	Unsolicited client facilitation - Purchase	2	31 July 2025	$4.7377	$9.4754	0
		Derivatives	Other types of products	Unsolicited client facilitation - Sale	2	31 July 2025	$4.7377	$9.4754	0
		Derivatives	Other types of products	Unsolicited client facilitation - Purchase	11,000	28 January 2025	$4.8341	$53,175.0000	0

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SFC

證監會

Public Disclosure Form

	Derivatives	Other types of products	Unsolicited client facilitation - Sale	11,000	28 January 2025	$4.8341	$53,175.0000	0
	Derivatives	Other types of products	Unsolicited client facilitation - Purchase	12,000	28 January 2025	$4.7538	$57,045.0000	0
	Derivatives	Other types of products	Unsolicited client facilitation - Sale	12,000	28 January 2025	$4.7538	$57,045.0000	0
	Derivatives	Other types of products	Unsolicited client facilitation - Purchase	22,630	2 July 2025	$4.7849	$108,281.4499	0
	Derivatives	Other types of products	Unsolicited client facilitation - Sale	22,630	2 July 2025	$4.7849	$108,281.4499	0
	Derivatives	Other types of products	Unsolicited client facilitation - Purchase	27,500	31 July 2025	$4.7377	$130,286.7500	0
	Derivatives	Other types of products	Unsolicited client facilitation - Sale	27,500	31 July 2025	$4.7377	$130,286.7500	0
	Derivatives	Other types of products	Unsolicited client facilitation - Purchase	91,500	28 April 2026	$4.8527	$444,020.0000	0
	Derivatives	Other types of products	Unsolicited client facilitation - Sale	91,500	28 April 2026	$4.8527	$444,020.0000	0

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SFC

證監會

Public Disclosure Form

		Derivatives	Other types of products	Unsolicited client facilitation - Purchase	110,500	24 July 2028	$4.7869	$528,954.9915	0
		Derivatives	Other types of products	Unsolicited client facilitation - Sale	110,500	24 July 2028	$4.7869	$528,954.9915	0
		Derivatives	Other types of products	Unsolicited client facilitation - Purchase	403,000	30 September 2026	$4.7525	$1,915,246.4094	0
		Derivatives	Other types of products	Unsolicited client facilitation - Sale	403,000	30 September 2026	$4.7525	$1,915,246.4094	0

End

Note:

Morgan Stanley Capital Services LLC is a Class (5) associate connected with the Offeree company.

Dealings were made for its own account.

Morgan Stanley Capital Services LLC is ultimately owned by Morgan Stanley.