On May 23, 2025, HKBN Ltd. announced a disclosure of internal dealings under Rule 22 of the Hong Kong Code on Takeovers and Mergers. J.P. Morgan Securities PLC issued derivatives related to HKBN shares on May 22, 2025. The transactions involved 4,900 reference securities, with a maturity date set for May 22, 2026. Additionally, a derivative contract involving 115,000 securities was closed out. J.P. Morgan Securities PLC, a Class (5) associate connected with HKBN, conducted these dealings for its own account.
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