Merrill Lynch discloses Hang Seng Bank derivative dealings amid privatization bid

Merrill Lynch International disclosed securities dealings with the Executive on December 19, 2025, concerning Hang Seng Bank Ltd., related to a privatization by way of a scheme of arrangement.

On December 18, 2025, Merrill Lynch International entered into a derivative contract involving 99,200 reference securities. The maturity or closing out date for this contract is March 3, 2026. The reference price for this transaction was $153.6101, resulting in a total amount paid or received of $15,238,121.92. The resultant balance of shares, including those of any person with whom there is an agreement or understanding, is 0.

Merrill Lynch International is an exempt principal trader connected with the offeror and made these dealings for its own account. The entity is ultimately owned by Bank of America Corporation.