Common use of REQUIREMENTS OF THE LISTING RULES Clause in Contracts

REQUIREMENTS OF THE LISTING RULES. As PCCW is a substantial shareholder of the Company, PCCW and its associates (hence the Parent Group Companies, HKT and the HKT Group Companies) are connected persons of the Company under Chapter 14A of the Listing Rules. Accordingly, the transactions contemplated under the Parent Group 2019 Master Agreement and the HKT Group 2019 Master Agreement will constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As some of the relevant percentage ratios for the annual caps of the transactions to be effected pursuant to each of the Parent Group 2019 Master Agreement and the HKT Group 2019 Master Agreement exceed 0.1% but all of them are less than 5%, the transactions thereunder are subject to the reporting, announcement and annual review requirements but are exempt from the independent shareholders’ approval requirement under Chapter 14A of the Listing Rules. Details of the transactions will be disclosed in the Company’s annual report in accordance with Rule 14A.49 and Rule 14A.71 of the Listing Rules.

REQUIREMENTS OF THE LISTING RULES. As PCCW is a substantial shareholder of the Company, PCCW and its associates (hence the Parent PCCW Group Companies, HKT and the HKT Group Companies) are connected persons of the Company under Chapter 14A of the Listing Rules. Accordingly, the transactions contemplated under the Parent PCCW Group 2019 2022 Master Agreement and the HKT Group 2019 2022 Master Agreement will constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As some of the relevant percentage ratios for the annual caps of the transactions to be effected pursuant to each of the Parent PCCW Group 2019 2022 Master Agreement and the HKT Group 2019 2022 Master Agreement exceed 0.1% but all of them are less than 5%, the transactions thereunder are subject to the reporting, announcement and annual review requirements but are exempt from the independent shareholders’ approval requirement and circular requirements under Chapter 14A of the Listing Rules. Details of the transactions will be disclosed in the Company’s annual report in accordance with Rule 14A.49 and Rule 14A.71 of the Listing Rules.