Hongkong Electric Finance Ltd. (“HK Electric Finance”) on 8 May 2026 published the offering circular for its US$5.00 billion Medium Term Note (“MTN”) Programme. The notes will be unconditionally and irrevocably guaranteed by The Hongkong Electric Company, Ltd. (“HK Electric Co.”).

The programme, first established in 2002 and most recently upsized to US$5.00 billion in 2014, allows the issuer to offer notes in various currencies to professional investors only. Notes may be listed on the Hong Kong Stock Exchange under Chapter 37 or on other exchanges, and the issuer also retains the flexibility to issue unlisted notes.

The offering circular clarifies that: • Distribution is restricted to non-U.S. persons outside the United States in compliance with Regulation S. • No public offering will be made in Hong Kong, the United States or any other jurisdiction. • HSBC acts as Arranger; 15 banks, including ANZ, Barclays, BofA Securities and UBS, serve as Dealers. • The MTN Programme will remain in place for 12 months after the circular date, with subsequent note issues to be detailed in individual pricing supplements.

HK Electric Finance is incorporated in the British Virgin Islands; HK Electric Co. is incorporated in Hong Kong. Both entities confirm the notes are not suitable for retail investors, emphasising the professional-investor-only nature of the offering.