On 25 June 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 the offeree company, issued derivatives on 24 June 2025, relating to 15,500 reference securities with a maturity date of 10 February 2026. The total amount paid for this transaction was $77,286.10, resulting in a balance of 23,110,125. A separate derivative issue involved 4,400 reference securities, maturing on 16 January 2029, with a total amount of $21,936.20, leaving a resultant balance of 23,114,525. J.P. Morgan Securities PLC conducted these dealings for its own account and is ultimately owned by JPMorgan Chase & Co.
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