On 19 May 2025, HKBN Ltd. disclosed internal dealings under Rule 22 of the Hong Kong Code on Takeovers and Mergers. J.P. Morgan Securities PLC, a Class (5) associate connected with the Offeree company, engaged in the issuance and closing out of derivative contracts related to HKBN Ltd. shares. These dealings occurred for J.P. Morgan's own account, with the derivatives having maturity dates extending to February 2026 and January 2029. J.P. Morgan Securities PLC is owned by JPMorgan Chase & Co.
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