香港交易及結算所有限公司和香港聯合交易所有限公司對本公告的內容概不負責， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 HKBN Ltd. 香 港 寬 頻 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號： 1310） – 2 – | | | | | | | | | | | | | | | | | | | | | 票 數 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | 普通決議案 | | | | | | | | | | | （佔 已 | 投 票 | 股 份 總 數 | | | | | | | | | | ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | | | 致：香港交易及結算所有限公司 公司名稱: 香港寬頻有限公司 呈交日期: 2025年12月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01310 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,800,000,000 | HKD | | 0.0001 | HKD | | 380,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 3,800,000,000 | HKD | | 0.0001 | HKD | | 380,000 | 本月底法定/註冊股本總額： HKD 380,000 FF301 ...

Core Insights - HGC环电 is focusing on digital transformation strategies driven by robust digital infrastructure and technology expertise, aiming to support enterprises and society in adapting to Industry 4.0 and AI trends [1] - The company serves over 46,000 large enterprises, with gross profit growth in managed services and cybersecurity solutions projected at 7.4% and 52.9% year-on-year by Q3 2025 [1] - HGC环电 has made significant advancements in AI applications, including deploying an AI obstacle detection system at Hong Kong's largest international container terminal and providing AI solutions to enhance customer experience for a leading telecom operator [1] Business Expansion - HGC环电 successfully acquired XMT, a licensed telecom operator in Malaysia, enhancing its regional business footprint and integrating its network with HGC's global backbone to create high-capacity "network highways" [2] - The company is expanding its fiber optic network in Kuala Lumpur and other AI hotspot areas, while also establishing operations in the Philippines to increase the number of available submarine cables from 2 to 17 [2] - To accelerate connectivity in Asia, HGC环电 has built a data center interconnect (DCI) cluster covering over 70 data centers, connecting Hong Kong, Singapore, and Southeast Asia, supporting local and cross-border high-speed connections [2] ICT Solutions and Innovations - HGC环电 provides tailored ICT solutions across various industries, including retail, education, financial services, and public utilities, with ICT revenue increasing by over 10% year-on-year by Q3 2025 [3] - The company developed the "GodEye Intelligent Platform," which utilizes AI-driven large language model operations to significantly reduce fault diagnosis time by 75% and average repair time by 60%, earning recognition for operational excellence [3] - HGC环电 maintains a distinct market position despite local competition, focusing on international clients and overseas market expansion [3] Company Overview - HGC环电 is a prominent telecom operator and ICT solution provider in Hong Kong and internationally, offering a wide range of services and extensive network coverage [4] - The company operates 20 overseas offices and has a comprehensive fiber optic network, connecting with top telecom operators in mainland China through five cross-border routes [4] - HGC环电 interconnects with over 100 world-class international telecom network operators, enhancing its service offerings [4]

HKBN Ltd. 香港寬頻有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock Code: 1310) (股份代號: 1310) N O T I F I C A T I O N L E T T E R 通 知 信 函 Dear non-registered holders (Note 1) , 18 November 2025 HKBN Ltd. (the "Company") – Notice of publication of 2025 annual report, circular and notice of annual general meeting (the "Current Corporate Communications") The Current Corporate Communications of the Company have been published in English and Chinese languages and are available o ...

HKBN Ltd. 香港寬頻有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock Code: 1310) (股份代號: 1310) N O T I F I C A T I O N L E T T E R 通 知 信 函 Dear registered shareholders, 18 November 2025 Yours faithfully, For and on behalf of HKBN Ltd. LING Hao Chairman Notes: HKBN Ltd. (the "Company") – Notice of publication of 2025 annual report, circular, notice of annual general meeting and proxy form (the "Current Corporate Communications") The Current Corporate Communications of the Com ...

HKBN Ltd. 我╱我們2 地址為 乃 香 港 寬 頻 有 限 公 司（「本公司」）股 本 中 每 股 面 值0.0001港 元 之 普 通 股 的 登 記 股 東， 茲 委 任3 大 會 主 席， 或 地址為 為 我 ╱ 我 們 之 受 委 代 表，以 代 表 我 ╱ 我 們 出 席 本 公 司 謹 訂 於2025年12月16日（星 期 二）上 午 十 時 正 假 座 香 港 九 龍 觀 塘 海濱道77號海濱匯一座19樓Treeland舉 行 之 有 關 大 會（或 其 任 何 續 會），並 按 以 下 指 示 就 大 會 通 告 所 載 之 決 議 案 投 票； 如無作出該等指示，則由我╱我們之代表自行酌情投票。 （股份代號：1310） 股東周年大會（或其任何續會）代表委任表格 香 港 寬 頻 有 限 公 司 與本代表委任表格 有關的股份數目1 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） 2. 請用正楷填上全名及地址。 3. 倘擬委派大會主席以外人士為代表，請將「大會主席」字樣删去，並在空欄內填上 閣下擬委派代表之姓名及地址。本代表委任表格之每項更 改，均須由簽署人簡簽示可。 4. ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，且 表 明 不 會 就 本 通 告全部或任何部分內容所導致或因倚賴該等內容而產生的任何損失承擔 任 何 責 任。 開 曼 群 島 註 冊 成 立 的 有 限 公 HKBN Ltd. 香 港 寬 頻 有 限 公 司 （股份代號： 1310） 股東周年大會通告 茲通告 香 港 寛 頻 有 限 公 司（「本公司」）謹 訂 於2025 年12 月16 日（星 期 二）上 午 十時正假座香港九龍觀塘海濱道77 號海濱匯一座19 樓Treeland舉行股東周 年 大 會（「股東周年大會」），以 討 論 下 列 事 項： 普通決議案 作 為 普 通 事 項： – 1 – （ 於 司 ） 1 省覽及採納本公司截至2025年8月31日止年度之經審核財務報表及董事（「董 事」）會 與 核 數 師 報 告。 2 宣派截至2025 年8 月31 日止年度末期股息每股18.9 港 仙。 3(a)(i) 重 選 凌 浩 先 生 為 本 公 司 執 行 董 事。 (ii) 重 選 李 昕 先 ...

閣下對本通函任何方面或應採取之行動如有任何疑問，應諮詢 閣下之股票經 紀、其他持牌證券商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已將名下全部的香港寬頻有限公司股份售出或轉讓，應立即將本通函連 同隨附之代表委任表格送交予買主或承讓人或經手出售或轉讓之銀行、股票經 紀或其他代理商，以便轉交買主或承讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本通函 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 HKBN Ltd. （ 於 司 香 港 寬 頻 有 限 公 司 此乃要件 請即處理 開 曼 群 島 註 冊 成 立 的 有 限 公 （股份代號：1310） 建議 (1)重選董事； 及 (2)發行及購回股份的一般授權 股東周年大會通告 本公司謹訂於2025年12月16日（星 期 二）上 午 十 時 正 假 座 香 港 九 龍 觀 塘 海 濱 道 77號海濱匯一座19樓Treeland舉 行 股 東 周 年 大 會，大 會 通 告 載 於 本 通 函 第20至 24頁。無論 閣下能否出席股東周年大會 ...

Financial Performance - The company reported a revenue of HKD 11.1 billion for the fiscal year 2025[12]. - Total revenue for the fiscal year 2025 reached HKD 11,128,542, representing a 4% increase from HKD 10,650,922 in 2024[98]. - Corporate solutions revenue grew by 15% to HKD 5,531,272, up from HKD 4,828,376 in the previous year[98]. - Net profit for the year surged to HKD 206,864, a significant increase of over 100% compared to HKD 10,277 in 2024[98]. - Adjusted free cash flow increased by 9% to HKD 677,070 from HKD 620,145 in the prior year[98]. - Profit attributable to equity shareholders increased from HKD 10 million to HKD 207 million, with EBITDA rising by 4% to HKD 2.45 billion due to strong operational performance[106]. - Free cash flow increased by 9% to HKD 677 million, driven by higher EBITDA and reduced interest payments, despite increased capital expenditures[106]. Market Position and Strategy - The company is focusing on expanding its "Unlimited All-in-One" strategy and business, enhancing its OTT streaming entertainment ecosystem[25]. - The company aims to strengthen its market position in AI-enabled solutions through strategic technology partnerships[25]. - The company is focused on becoming a regional ICT leader, with Samuel Hui now serving as the Chief Operating Officer for Enterprise Solutions[53]. - The company is actively pursuing market expansion and innovation in product offerings to maintain its competitive edge[60]. - The company plans to leverage its infrastructure and strategic partnerships to capture demand for AI, cloud supercomputing, and data-intensive applications in FY2026[107]. Customer and Community Engagement - The company successfully provided two years of free broadband service to 1,000 eligible grassroots families, achieving a cumulative success rate of 92.86% compared to the fiscal year 2022[15]. - The company is committed to narrowing the digital divide and supporting underprivileged communities[17]. - The company is actively involved in community service and industry associations, enhancing its reputation and influence in the ICT sector[56]. - The company conducts social impact assessments for digital inclusion community projects, with results disclosed in the annual report[88]. ESG and Sustainability Initiatives - The company achieved a cumulative success rate of 92.86% in its ESG-related compensation plan, exceeding the target of at least 80%[69]. - The company received a sustainable development performance-linked loan of HKD 6.75 billion, demonstrating commitment to ESG initiatives[66]. - The company maintained an AAA rating in the MSCI ESG ratings since 2022, placing it in the top 20% of global telecommunications companies[73]. - The company set science-based targets for climate action, recently approved by the Science Based Targets initiative (SBTi) for FY2024[69]. - The ESG governance framework includes multiple organizational levels, with the Board of Directors overseeing the ESG strategy and regularly assessing progress towards ESG goals[79]. Leadership and Management - The leadership team includes professionals with extensive backgrounds in technology and management, ensuring a strong foundation for future growth and innovation[51]. - The company aims to enhance customer and shareholder experience through innovative operations and planning led by Denis Yip, who has over 30 years of global leadership experience[49]. - The management team is composed of experienced professionals with backgrounds in technology, finance, and legal affairs, enhancing the company's strategic capabilities[62][64]. - The company is committed to driving growth through ICT solutions that meet customer needs, as emphasized by Gabriel Leung[55]. Operational Improvements - The average failure rate for internal phishing assessments was reported at 1.39%, significantly lower than the global standard of 3.8%[15]. - Customer impact hours due to residential network service disruptions decreased by 14.6% compared to FY2022, reflecting improvements in maintenance processes[71]. - The company is focusing on digitalization and omnichannel customer experience to enhance its market position[60]. - Enhanced product portfolio by deepening the integration of 5G and fiber optics, leveraging group resources to expand market service coverage[27]. Financial Management - Focused on improving profitability and optimizing key financial indicators while prudently managing debt and controlling interest expenses[27]. - Financing costs decreased by 17% to HKD 710,435 from HKD 860,236 in the previous year[98]. - The group has entered into an interest rate swap arrangement with a principal amount of HKD 5.25 billion, maintaining the risk of Hong Kong Interbank Offered Rate at an annual level of 3.95%[113]. - The board recommends a final dividend of HKD 0.189 per share for the year ending August 31, 2025, an increase from HKD 0.165 per share for the year ending August 31, 2024[130]. Employee and Shareholder Relations - The total number of full-time employees decreased by 5% to 3,670 from 3,863 in the previous year[99]. - The company has adopted four employee share plans since its listing, with the latest plan set to terminate in August 2025[153]. - The board will review the dividend policy and payout ratio periodically, aiming to distribute at least 75% of adjusted free cash flow as dividends[130]. - The company has received written confirmations of independence from all independent non-executive directors, maintaining their independence as of the report date[143].

Core Viewpoint - Morgan Stanley's report indicates that Hong Kong Broadband's (01310) annual service revenue increased by 13% year-on-year, surpassing Morgan Stanley's expectation of 8.4% due to a rise in IDD revenue by HKD 360 million and a 14% increase in SI revenue [1] Financial Performance - Adjusted EBITDA met Morgan Stanley's expectations, while adjusted free cash flow grew by 11% to HKD 551 million, exceeding Morgan Stanley's forecast by 8% due to lower interest costs [1] - The company recently completed a debt refinancing of HKD 10.7 billion, which will incur a one-time cost of HKD 140 million, but is expected to lower interest expenses [1] Investment Outlook - Morgan Stanley set a target price of HKD 6.5 for Hong Kong Broadband, maintaining a "Market Perform" rating [1]