HKBN Ltd. — Major Shareholding Notification 2023

May 24, 2023

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Public Disclosure Form

24 May 2023

Possible 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 ofrelevantsecurities	Nature of dealings	Purchase/ Sale	Totalnumberof sharesinvolved	Totalamount paid/ received	Highest (H)prices paid/ received	Lowest (L)prices paid/ received
J.P. MorganSecurities PLC	23 May2023	Other types ofsecurities (e.g.equityswaps)	Hedging of Delta 1 products created asa result of wholly unsolicitedclient-driven orders	Sale	5,000	$26,270.1300	$5.2700	$5.2400
		Other types ofsecurities (e.g.equity swaps)	Hedging of Delta 1 products created asa result of wholly unsolicitedclient-driven orders	Purchase	15,500	$81,556.0600	$5.2700	$5.2500

End

Note:

J.P. Morgan Securities PLC is a Class (5) associate connected with the Offeree company.

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Public Disclosure Form

Dealings were made for its own account.

J.P. Morgan Securities PLC is ultimately owned by JPMorgan Chase & Co..