HKBN: Public Shareholding Restored

Deep News01-11

HKBN (01310) announced that the company has been informed by China Mobile Hong Kong that, as of the date of this announcement, the number of shares in which CMHK (together with its concert parties) has an interest remains unchanged from the situation disclosed in the previous announcement, which is 1.107 billion shares (representing approximately 74.84% of the company's total issued share capital).

To the best of the company's knowledge, the number of shares in which the company's core connected persons (excluding CMHK) have an interest has decreased from the 33.207 million shares (representing approximately 2.25% of the total issued shares) disclosed in the previous announcement to 1.3235 million shares (representing approximately 0.09% of the total issued shares) as of the date of this announcement.

Based on the foregoing, as of the date of this announcement, 371 million shares (representing approximately 25.07% of the company's total issued share capital) are held by the public (as defined in the Listing Rules). Consequently, the company has restored the minimum public shareholding requirement of 25% of the total issued share capital as stipulated by the Listing Rules.

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