The Board of HKBN Ltd. announced that Mr. Zubin Jamshed Irani Irani has tendered his resignation as a Non-executive Director of the Company and a member of the Audit Committee and Remuneration Committee under the Board with effect from 15 June 2023 due to his other business engagements. The Board also announced that Mr. Liyang Zhang has been appointed as a Non-executive Director of the Company and a member of the Audit Committee and Remuneration Committee under the Board with effect from 15 June 2023. The biographical details of Mr. Zhang are as follows: Mr. Liyang Zhang, aged 37, is a Managing Director with TPG Capital Asia ("TPG") since 2021.

Mr. Zhang is leading TPG's TMT and consumer investments in Greater China. Prior to TPG, Mr. Zhang was with CITIC Capital for more than a decade. Before CITIC Capital, he worked at McKinsey in Shanghai.

Mr. Zhang was the non-executive director of Asiainfo Technologies Limited (stock code: 1675), a leading Chinese telecom software company, from 2018 to 2021. Mr. Zhang holds an MBA from Institut Européen d'Administration des Affaires (INSEAD) and a Bachelor of Engineering degree from Chukochen Honors College, Zhejiang University. Mr. Zhang will hold office until the first general meeting of the Company after his appointment and shall then be eligible for re-election at the meeting, and thereafter will be subject to retirement by rotation and re-election at the Company' s annual general meeting in accordance with the articles of association of the Company.