China Mobile completes acquisition of HKBN shares

China Mobile Hong Kong Company Limited (CMHK) has completed its acquisition of shares in HKBN Ltd (HKEX:1310) from TPG Wireman, L.P., as announced on May 7, 2025. This finalizes the acquisition referenced in previous announcements dating back to April 9, 2025. As a result, CMHK and parties acting in concert now hold 228,627,451 shares, representing approximately 15.46% of HKBN's total issued share capital. Separately, disclosures pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers revealed that Morgan Stanley & Co., International plc, a Class (5) associate connected with HKBN, engaged in trading activities on May 6, 2025. These dealings involved the hedging of Delta 1 products, with purchases totaling 159,961 shares (highest price paid at $5.1700 and lowest at $5.0700) and sales totaling 19,500 shares (highest price received at $5.1200 and lowest at $5.0800). These transactions were made for its own account, and Morgan Stanley & Co. is ultimately owned by Morgan Stanley.