(Hong Kong – 7 September 2025) HKBN Ltd. (“HKBN” or the “Company”; SEHK stock code: 1310) today announced changes to its Board of Directors (“Board”) and Management, effective 5 September 2025.

Mr. William Yeung has resigned from his positions as an Executive Director, Executive Vice-Chairman, Group Chief Executive Officer, and as a member of the Nomination Committee and the Environmental, Social and Governance (“ESG”) Committee.

Regarding the Board, to further strengthen the corporate governance framework and enhance the Board’s strategic oversight in support of HKBN’s long-term development, the following changes have been made:

• Mr. Ling Hao has been appointed as an Executive Director, Chairman of the Board, and Chairman of the Nomination Committee.
• Ms. Cordelia Chung has stepped down as Chairman of the Board and Chairman of the Nomination Committee, and has ceased to be a member of the Audit Committee. She will continue serving as an Independent Non-Executive Director and a member of the Nomination Committee, and has been appointed as a member of the ESG Committee.
• Mr. Li Xin has been appointed as an Executive Director, a member of the Nomination Committee, and Chairman of the Risk Committee.
• Mr. Lei Liqun has been appointed as an Executive Director and a member of the Remuneration Committee.
• Mr. Luo Weimin has been appointed as a Non-Executive Director and a member of the Audit Committee.
• Ms. Kitty Chung has ceased to be a member of the Risk Committee.
• Ms. Anna Cheung has ceased to be a member of the Remuneration Committee and stepped down as Chairman of the Risk Committee, but will continue serving as a member of the Risk Committee.

Mr. Ling Hao is currently the Chairman of China Mobile Hong Kong Co., Ltd., and holds an Executive Master of Business Administration degree from Peking University and a Bachelor’s degree in Management Engineering from Beijing Institute of Posts and Telecommunications. He served as General Manager of the Engineering Management Centre, Shunde Branch Company, and Shenzhen Branch Company of China Mobile Communications Group Guangdong Co., Ltd. (“Guangdong Mobile”), Director and Vice President of Guangdong Mobile, and Chairman and President of China Mobile Communications Group Jiangxi Co., Ltd. With over 30 years of distinguished experience in the telecommunications industry, Mr. Ling possesses an extensive track record of strategic leadership and senior management expertise.

Mr. Ling Hao said, “It is a great honour to be appointed as Chairman of the Board of HKBN. I will work closely with the Board and management team to oversee the Company’s business development and open a new chapter of growth. Together, we will contribute to Hong Kong’s prosperity and the nation’s development.”

On the management front, Mr. Li Xin has assumed the role of Group Chief Executive Officer.

Mr. Li Xin currently serves as a Director and Executive Vice President of China Mobile Hong Kong Co., Ltd., and holds a Master’s degree in Communications and Information Systems and a Bachelor’s degree in Radio Technology and Information Systems from Tsinghua University. Mr. Li has held management roles across technology, marketing, and innovation at China Mobile Communications Group Beijing Co., Ltd. (“Beijing Mobile”), and served as General Manager of various branch companies of Beijing Mobile. He brings over 20 years of extensive experience and management expertise in the telecommunications sector.

Mr. Li Xin said, “I am deeply honoured to take on this role. With the strong support of our nation, I will build upon HKBN’s success, capitalise on new opportunities of the era, and lead the Company forward to drive innovation and deliver breakthroughs.”

During Mr. William Yeung’s tenure, HKBN underwent significant growth and transformation, cementing its leading position in the telecommunications and technology sectors. With his visionary leadership, he guided the Company in achieving multiple milestones, delivering outstanding results for stakeholders. His key accomplishments include successfully leading the Company’s listing in 2015, expanding its fibre network infrastructure, and pioneering “Infinite-play” solutions, which redefined customer experience and corporate operational efficiency. His contributions not only shaped HKBN’s success but also left a lasting impact on Hong Kong’s telecommunications industry – advancing Hong Kong into the digital era through cutting-edge connectivity and innovative solutions.

Dr. Denis Yip, President and Group Chief Operating Officer, will continue to lead the Group’s operations and innovation, working alongside Mr. Li Xin to propel HKBN to new heights and create exceptional value for customers and shareholders.

For more details, please refer to the announcements:https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0907/2025090700107.pdf

Caption: HKBN Board of Directors (From the left) Mr. Luo Weimin, Mr. Lei Liqun, Mr. Li Xin, Mr. Ling Hao, Ms. Cordelia Chung, Ms. Ming Ming Anna Cheung and Ms. Kit Yi Kitty Chung.

Caption: Mr. Li Xin, HKBN Executive Director and Chief Executive Officer of the Group.