Gelonghui, August 20, 丨 Hong Kong Broadband (01310.HK) announced that the trustee of the plan completed the subscription of 554,400 company shares for participants representing the second invitation period of the Joint Stock Ownership Plan IIPlus. The relevant shares involved in the second batch of subscriptions in 2020 accounted for about 0.04% of the company's issued share capital on the date of this announcement. The maximum total number of new shares that can be granted under IIIPlus under the Joint Shareholding Plan IIIPlus may involve 393.48 million shares (that is, 3% of the shares issued on the day of the shareholders' meeting that approved the joint ownership plan IIIPlus was approved. The plan trustees subscribed for shares constituting the second batch of subscriptions in 2020 at an average of HK$15.23 per share.

The joint ownership plan IIIPlus aligns its participants with the company's interests by allowing eligible individuals to subscribe for company shares and receive reward shares in accordance with the terms of the joint ownership plan IIIPlus. The Joint Stock Ownership Program IIIPlus motivates qualified talent to work for the company's long-term growth. Furthermore, the corporate social investment component of the joint ownership plan IIIPlus promotes the company's commitment to create a positive social impact in Hong Kong and elsewhere, and allows qualified talents to participate in various corporate social investment projects.

The second batch of subscriptions in 2020 constituted an investment by participants in the joint ownership plan IIIPlus, and the company's board believed that the company would benefit from long-term value growth brought about by qualified personnel providing strong support for the company's development.