The board of directors of HKBN Ltd. announces that: Mr. Tandiono has tendered his resignation as a Non-executive Director of the Company and a member of the Nomination Committee and the ESG Committee with effect from 13 September 2023 due to increased management responsibilities. Ms. Ngan has also tendered her resignation as an Independent Non-executive Director of the Company, the chairman of the ESG Committee and a member of the Audit Committee, the Nomination Committee and the Remuneration Committee with effect from 13 September 2023 due to personal work arrangements. The Board also announces that Ms. Cheung has been appointed as an Independent Non-executive Director of the Company and the chairman of the ESG Committee with effect from 13 September 2023.

Ms. Chung has also been appointed as an Independent Non-executive Director of the Company and a member of the Audit Committee and the ESG Committee with effect from 13 September 2023. Ms. Ming Ming Anna Cheung, aged 55, was appointed as an Independent Non-executive Director of the Company and the chairman of the ESG Committee on 13 September 2023. Ms. Cheung is an independent non-executive director of Hong Kong Exchanges and Clearing Limited, a director of HKEX Foundation Limited and serves on the board of LGT Capital Partners Group Holding Ltd. She has over 20 years of experience in private equity and financial industries.

Ms. Cheung has also built up extensive business strategic and operational experience through her former role as the Chief Executive of Jardine Pacific Limited from 2015 to 2020, with the responsibility of overseeing the company's operations across a broad range of sectors in Hong Kong, Mainland China, and South East Asia. Prior to her appointment at Jardine Pacific Limited, Ms. Cheung served as a senior advisor to private equity firms, FountainVest Partners and LionRock Capital. Ms. Cheung joined 3i Group Plc ("3i Group") in 2001 and became a Partner of the company in 2008.

As one of the founding partners of 3i Group's China business, Ms. Cheung led consumer and technology related investment projects and served on the board of several investment portfolio companies. Prior to that, she worked at private equity and investment banking firms, including Intel Capital, J.H. Whitney, Bankers Trust Company, and Salomon Brothers in the areas of investments, corporate finance, capital markets, and mergers and acquisitions. Ms. Cheung holds a Bachelor of Arts (Computer Science) at the University of California, Berkeley, US and a Master in Business Administration (Finance) at the Wharton School, University of Pennsylvania, US.

Ms. Kit Yi Kitty Chung, aged 60, was appointed as an Independent Non-executive Director of the Company and a member of the Audit Committee and the ESG Committee on 13 September 2023. Ms. Chung is an independent non-executive director of Goodman Logistics (HK) Limited, one of the triple stapled entities forming the Goodman Group (GMG) and the stapled securities are traded on the Australian Securities Exchange (ASX). She retired as a partner at PricewaterhouseCoopers on 1 July 2023.

Ms. Chung holds a bachelor in economics degree from Monash University in Australia. She is a member of the Hong Kong Institute of Certified Public Accountants and the Chartered Accountants Australia and New Zealand.