Hong Kong Broadband Network has recently announced a significant development, where China Mobile Hong Kong Limited and Twin Holding Ltd entered into a share purchase agreement on August 4, 2025. Pursuant to the agreement, Twin Holding Ltd has agreed to offload 213,570,097 shares of Hong Kong Broadband Network, representing approximately 14.44% of the company's current issued share capital. The shares will be sold at a price of HK$5.075 per share, amounting to a total transaction value of HK$1,083,868,242.28.

Upon the successful completion of this transaction, assuming no subsequent changes in the issued share capital of Hong Kong Broadband Network, Twin Holding Ltd will retain a holding of 15,057,354 shares, constituting approximately 1.02% of the company. Concurrently, China Mobile Hong Kong Limited will acquire 442,197,548 shares, thereby elevating its stake to approximately 29.90%.