HKBN Ltd. — Major Shareholding Notification 2025

Jan 24, 2025

Public Disclosure Form

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

24 January 2025

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)
J.P. Morgan Securities PLC	23 January 2025	Derivatives	Other types of products	Issue of a derivative	1,000	27 February 2026	$5.2471	$5,247.1000	21,128,925
		Derivatives	Other types of products	Issue of a derivative	18,000	16 January 2029	$5.2476	$94,456.8000	21,146,925
		Derivatives	Other types of products	Issue of a derivative	83,000	10 December 2025	$5.2596	$436,549.8700	21,229,925

End

---

SFC 證監會

Public Disclosure Form

Note:

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

Dealings were made for its own account.

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