HKBN Ltd. — M&A Activity 2025

Aug 8, 2025

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.

This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of the Company nor is it a solicitation of any vote or approval in any jurisdiction. This announcement is not for release, publication or distribution, in whole or in part, in, into or from any jurisdiction where to do so would constitute a violation of the applicable laws or regulations of such jurisdiction.

CHINA MOBILE HONG KONG COMPANY LIMITED

中國移動香港有限公司

(incorporated in Hong Kong with limited liability)

COMPLETION ANNOUNCEMENT

ACQUISITION OF SHARES IN HKBN LTD. BY CHINA MOBILE HONG KONG COMPANY LIMITED FROM TWIN HOLDING LTD

Financial Advisor to China Mobile Hong Kong Company Limited

China International Capital Corporation Hong Kong Securities Limited

Reference is made to the announcement issued by China Mobile Hong Kong Company Limited (the "Offeror") dated 4 August 2025 in relation to the acquisition of the Sale Shares in HKBN Ltd. (the "Company") by the Offeror from Twin Holding Ltd (the "Acquisition Announcement").

Unless the context otherwise requires, capitalised terms used in this announcement shall have the same meanings as those defined in the Acquisition Announcement.

The Offeror is pleased to announce that Completion took place on 8 August 2025 in accordance with the terms of the Share Purchase Agreement.

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As at the date of this announcement, the Offeror and parties acting in concert with it hold in total 442,197,548 Shares in the Company, representing approximately 29.90% of the total issued share capital of the Company.

By Order of the Board
CHINA MOBILE HONG KONG COMPANY LIMITED
Mr. Ling Hao
Director

Hong Kong, 8 August 2025

As at the date of this announcement, the directors of the Offeror are Mr. Ling Hao, Ms. Shi Xiaoping, Mr. Lei Liquun, Mr. Wang Dayue, Mr. Li Xin, Mr. Luo Weimin, Mr. Bian Yannan and Mr. Nie Yutian.

The directors of the Offeror jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, 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.

The information relating to the Group and the Shareholders in this announcement has been extracted from or based on the published information of the Company, including but not limited to its annual report for the year ended 31 August 2024, and other public announcements and circulars issued by the Company and public disclosure of interests made pursuant to Rule 22 of the Code and the SFO. The only responsibility accepted by the directors of the Offeror in respect of such information is for the correctness and fairness of its reproduction or presentation.

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