JP Morgan Securities discloses dealings in HKBN shares

J.P. Morgan Securities PLC disclosed dealings in HKBN shares, as mandated by Rule 22 of the Hong Kong Code on Takeovers and Mergers. The dealings, classified as involving "other types of products," include the issuance of derivatives. On July 8, 2025, J.P. Morgan executed a derivative transaction involving 400 reference securities maturing on January 16, 2029, at a reference price of USD 5.0064, resulting in a payment of USD 2,002.5600. A further derivative transaction was executed involving 2,000 securities at a reference price of USD 5.0014, with a payment of USD 10,002.8000. Both derivatives mature on January 16, 2029. Following these transactions, J.P. Morgan Securities PLC's resultant balance is 25,793,525 shares. It's noted that these dealings were made for its own account, and J.P. Morgan Securities PLC is ultimately owned by JPMorgan Chase & Co. J.P. Morgan Securities PLC is a Class 5 associate connected with the Offeree company.