HKBN (01310) has received 47.925 million shares from its controlling shareholder China Mobile Hong Kong for the purpose of restoring the public shareholding percentage.

HKBN (01310) announced that the company has been notified by China Mobile Limited Hong Kong Limited (China Mobile Hong Kong) that, solely for the purpose of restoring the company's public shareholding percentage in accordance with Rule 8.08(1) of the listing rules, China Mobile Hong Kong has entered into a binding placement arrangement with the placement agent on September 19, 2025. China Mobile Hong Kong has agreed to sell, and the placement agent has agreed to place 47.925 million shares of the company's existing shares (Placement Shares) to an independent third party purchaser of the company (Placement). As of the date of this announcement, the Placement Shares represent approximately 3.24% of the total number of issued shares of the company. The company understands that it is expected that the Placement will be completed on September 24, 2025. The company expects that the Placement will not have any significant adverse impact on the operations of the group. As of the date of this announcement, China Mobile Hong Kong is the controlling shareholder of the company (as defined in the Rules of the Stock Exchange of Hong Kong Limited) and has beneficial interests in a total of 1.155 billion shares (together with its concerted parties), representing approximately 78.08% of the total issued shares. Based on the completion of the Placement as described above, and assuming no changes in the total number of issued shares from the date of this announcement to the date of completion of the Placement, it is expected that China Mobile Hong Kong (together with its concerted parties) will have beneficial interests in a total of 1.107 billion shares, representing approximately 74.84% of the total issued shares after the Placement is completed. Therefore, as of the date of this announcement, the company does not comply with the minimum public shareholding requirement of 25% under Rule 8.08(1) of the listing rules. The company and China Mobile Hong Kong will take appropriate measures to ensure that the company's shares have a sufficient public shareholding percentage as soon as practicable.