China Mobile HK acquires HKBN shares from TPG Wireman

CMHK announced it will acquire 144,966,345 shares, representing approximately 10.39% of HKBN's issued share capital, from TPG Wireman. Additionally, CMHK will purchase Vendor Loan Note Conversion Shares, totaling 83,661,106 new shares, after TPG Wireman converts its Vendor Loan Note in full. The Per Share Purchase Price is HKD5.23, subject to adjustments for any dividends or capital returns paid before completion. Following the completion, CMHK will hold an aggregate of 228,627,451 shares, representing approximately 15.46% of HKBN's enlarged issued share capital. The acquisition is subject to customary conditions.