HKBN receives temporary public float waiver after China Mobile Hong Kong offer

HKBN Ltd. announced today it has been granted a temporary waiver from strict compliance with the minimum public float requirement by The Stock Exchange of Hong Kong Limited. The waiver, effective for four months from September 17, 2025, to January 16, 2026, follows a voluntary general offer by China Mobile Hong Kong Company Limited, which resulted in the company's public float falling below the 25% threshold stipulated in Listing Rule 8.08(1).

Immediately after the close of the share offer, HKBN's public float stood at approximately 22.92%, slightly below the minimum requirement. China Mobile Hong Kong and parties acting in concert now collectively hold approximately 74.84% of HKBN's total issued shares. Core connected persons hold an additional 2.25%.

HKBN and China Mobile Hong Kong are actively taking steps to restore the required minimum public float as soon as reasonably practicable, with further announcements expected. The waiver helps the company manage the transition following the change in shareholding structure.