On May 16, 2025, HKBN Ltd. disclosed securities dealings under Rule 22 of the Hong Kong Code on Takeovers and Mergers. J.P. Morgan Securities PLC, a Class (5) associate connected with HKBN, conducted hedging of Delta 1 products resulting from unsolicited client-driven orders. The dealings involved the purchase of 2,500 shares and the sale of 46,500 shares. J.P. Morgan Securities PLC, owned by JPMorgan Chase & Co., made these transactions for its own account.
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