Hong Kong Broadband Network (HKBN) and its 74.84% shareholder China Mobile Hong Kong (CMHK) have broadened their cooperation by amending the Master HKBN Services Agreement (initially signed on 30 October 2025 and running to 31 August 2028) and by executing a long-term licence for the Mita Data Centre.

Key amendments to the Master HKBN Services Agreement • Scope enlarged: HKBN’s data-centre offering to CMHK now covers provision of racks, rack space, data-centre design and construction services, and use of data-centre premises. • Validity: unchanged—30 Oct 2025 to 31 Aug 2028; existing annual caps remain intact. • Classification: The amended arrangement continues to be treated as a continuing connected transaction under Chapter 14A of the HKEX Listing Rules, with all percentage ratios ≥0.1% but <5%. It therefore requires announcement, reporting and annual review, but no circular or independent shareholders’ approval.

Mita Data Centre Licence Agreement • Parties: HKBN Enterprise Solutions (HKBNES) and CMHK. • Tenure: 15 years. • Consideration: Fixed fee of HK$0.55 million per month for CMHK’s use of the 14th floor, warehouse area and rooftop zone of the Mita Centre, Kwai Chung. • Purpose: HKBNES will provide colocation and infrastructure services, including a custom-built Tier 3 core data hall. • Independent validation: Draco Capital Limited confirmed a 15-year term is normal commercial practice for contracts requiring substantial upfront capital investment.

Strategic and financial rationale • Aligns service scope with actual business needs, reducing resource duplication and enhancing cost efficiency. • Secures a predictable, long-term revenue stream from a major client, supporting HKBN’s data-centre and enterprise solutions growth strategy amid rising AI-driven demand. • Deepens strategic ties with CMHK, potentially opening avenues for further collaboration in connectivity, cloud and related services.

Governance and compliance • The Board (excluding interested directors) approved both agreements on 31 March 2026. Directors with positions in CMHK abstained from voting. • Agreements remain within existing annual caps; they are subject to HKEX reporting and annual review but exempt from shareholder approval requirements.

Company profiles • HKBN is an integrated telecom and technology solutions provider operating in Hong Kong, Macao and Mainland China under the Hong Kong Broadband Network, HKBNES and HKBN JOS brands. • CMHK, an indirect wholly owned subsidiary of China Mobile Limited, provides telecommunications services in Hong Kong.

Both agreements took effect on 9 April 2026 after market close, reinforcing HKBN’s strategy to expand its data-centre services while leveraging CMHK’s shareholder support and market reach.