Hong Kong Broadband: Controlling shareholder China Mobile Hong Kong plans to sell existing shares in the company.

On the evening of September 21, Hong Kong Broadband announced on the Hong Kong Stock Exchange that the company was informed by China Mobile Hong Kong Limited that, solely for the purpose of restoring the company's public shareholding level in accordance with Listing Rule 8.08, China Mobile Hong Kong had entered into a legally binding sales arrangement with the placement agent on September 19, 2025. As such, China Mobile Hong Kong agreed to sell, and the placement agent agreed to place, 47.925 million shares of the company's existing shares to a third party independent of the company. The placement shares as of the date of this announcement represent approximately 3.24% of the total number of shares issued by the company. The company understands that the placement is expected to be completed on September 24, 2025. The company anticipates that the placement will not have any significant adverse impact on the operations of the group. As of the date of this announcement, the company does not comply with the minimum public shareholding requirement of 25% as set out in Listing Rule 8.08.