Morgan Stanley affiliate buys HKBN shares ahead of potential takeover bid

On August 27, 2025, Morgan Stanley & Co., International plc, an associate connected with HKBN Ltd., disclosed the purchase of 42,000 ordinary shares of HKBN. The transaction, conducted on August 26, 2025, was part of hedging Delta 1 products resulting from wholly unsolicited client-driven orders.

The total amount paid for these shares was $212,820. The prices for the purchase ranged from a highest of $5.0700 to a lowest of $5.0600 per share. Dealings were made for Morgan Stanley & Co., International plc's own account, which is ultimately owned by Morgan Stanley.

This disclosure was made to the Executive pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, in connection with a possible voluntary general offer for HKBN Ltd.