<SEC-DOCUMENT>0001654954-25-013937.txt : 20251215
<SEC-HEADER>0001654954-25-013937.hdr.sgml : 20251215
<ACCEPTANCE-DATETIME>20251215084553
ACCESSION NUMBER:		0001654954-25-013937
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20251215
FILED AS OF DATE:		20251215
DATE AS OF CHANGE:		20251215

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HSBC HOLDINGS PLC
		CENTRAL INDEX KEY:			0001089113
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		ORGANIZATION NAME:           	02 Finance
		EIN:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14930
		FILM NUMBER:		251570123

	BUSINESS ADDRESS:	
		STREET 1:		8 CANADA SQUARE
		CITY:			LONDON
		STATE:			X0
		ZIP:			E145HQ
		BUSINESS PHONE:		442079913048

	MAIL ADDRESS:	
		STREET 1:		8 CANADA SQUARE
		CITY:			LONDON
		STATE:			X0
		ZIP:			E14 5HQ
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a5473l.htm
<DESCRIPTION>PRIVATISATION OF HANG SENG BANK - SCHEME DOCUMENT
<TEXT>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
FORM 6-K</font></div>
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SECURITIES AND EXCHANGE COMMISSION</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Washington, D.C. 20549</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Report of Foreign Private Issuer</font></div>
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Pursuant to Rule 13a - 16 or 15d - 16 of</font></div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
the Securities Exchange Act of 1934</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">For the
month of December</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
HSBC Holdings plc</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">42nd
Floor, 8 Canada Square, London E14 5HQ, England</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(Indicate
by check mark whether the registrant files or will file annual
reports under<font style="font-family: Times New Roman">&#xA0;</font>cover of Form 20-F or
Form 40-F).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Form
20-F X Form 40-F &#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 7px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-style: italic; color: #231F20">Hong
Kong&#xA0;Exchanges&#xA0;and&#xA0;Clearing Limited&#xA0;and
The&#xA0;Stock&#xA0;Exchange&#xA0;of Hong
Kong&#xA0;Limited&#xA0;take no responsibility for the contents of
this announcement, make no representation as to its accuracy or
completeness and expressly disclaim any liability whatsoever for
any loss howsoever arising from or in reliance upon the whole or
any part of the contents of this announcement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 7px; text-indent: 0px;">
<font style="font-style: italic; color: #231F20; font-family: Times New Roman; font-size: 13px">
This announcement is for information purposes only and does not
constitute, or form part of, any invitation or offer to acquire,
purchase or subscribe for any securities of HSBC Holdings, HSBC
Asia Pacific or Hang Seng Bank, nor is it an invitation or offer to
or a solicitation of any offer to acquire, purchase or subscribe
for securities of HSBC Holdings, HSBC Asia Pacific or Hang Seng
Bank, or the solicitation of any vote or approval in any
jurisdiction, nor shall there be any sale, issuance or transfer of
securities of HSBC Holdings, HSBC Asia Pacific or Hang Seng Bank in
any jurisdiction in contravention of applicable law. This
announcement is not for release, publication or distribution, in
whole or in part, in or into or from any other jurisdiction where
to do so would constitute a violation of the relevant laws or
regulations of such jurisdiction.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<font style="color: #231F20; font-weight: bold; font-family: Times New Roman; font-size: 16px">
HSBC Holdings&#xA0;plc</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">(Hong
Kong Stock Code:&#xA0;5)</font></div>
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<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<font style="color: #231F20; font-weight: bold; font-family: Times New Roman; font-size: 16px">
Hang Seng Bank&#xA0;Limited</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">
(Stock Codes: 11 (HKD Counter)&#xA0;and</font></div>
<div style="text-align: right; margin-left: 0px; margin-right: 6px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">
80011 (RMB&#xA0;Counter))</font></div>
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<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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</tr><tr>
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<font style="font-weight: bold; color: #231F20; font-family: Times New Roman; font-size: 16px">
The Hongkong and Shanghai Banking Corporation Limited</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-style: italic; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
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<font style="font-style: italic; color: #000000; font-family: Times New Roman; font-size: 5px">
&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 67px; text-indent: 0px">
<font style="color: #231F20; font-weight: bold; font-family: Times New Roman; font-size: 16px">
JOINT&#xA0;ANNOUNCEMENT</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 16px">
&#xA0;</font><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #231F20; font-size: 16px">(1)</font><font style="color: #000000">&#xA0;</font><font style="font-weight: bold; color: #231F20; font-size: 16px">PROPOSAL
FOR THE PRIVATISATION OF HANG SENG BANK LIMITED BY THE HONGKONG AND
SHANGHAI BANKING CORPORATION LIMITED</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 67px; text-indent: 0px">
<font style="color: #231F20; font-weight: bold; font-family: Times New Roman; font-size: 16px">
BY WAY OF A SCHEME OF&#xA0;ARRANGEMENT</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 67px; text-indent: 0px">
<font style="color: #231F20; font-weight: bold; font-family: Times New Roman; font-size: 16px">
UNDER SECTION 673 OF THE COMPANIES ORDINANCE&#xA0;AND</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 67px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 16px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 144px; margin-right: 12px; text-indent: -144px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; color: #231F20; font-size: 16px">(2)</font><font style="color: #000000">&#xA0;</font><font style="font-weight: bold; color: #231F20; font-size: 16px">PROPOSED
WITHDRAWAL OF LISTING OF HANG SENG BANK SHARES DESPATCH OF THE
SCHEME DOCUMENT</font></font></div>
<div style="text-align: left; margin-left: 144px; margin-right: 12px; text-indent: -144px;">
<font style="font-family: Times New Roman; font-size: 16px;">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="text-align: left; width: 70%; font-family: Times New Roman; font-size: 13px; margin: 0px auto 0px 0px;">
<tr>
<td style="vertical-align: top; width: 35%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Joint Financial Advisers to HSBC&#xA0;Holdings&#xA0;and HSBC Asia
Pacific (in alphabetical&#xA0;order)</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 35%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Financial Adviser to Hang Seng&#xA0;Bank</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 35%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px">
<font style="font-weight: bold; color: #231F20; font-family: Times New Roman; font-size: 13px">
BofA Securities &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; Goldman
Sachs</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 12px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 35%;">
<div style="text-align: right; margin-left: 0px; margin-right: 0px; text-indent: 12px">
<font style="font-weight: bold; color: #231F20; font-family: Times New Roman; font-size: 13px">
Morgan Stanley</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 35%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #231F20; font-family: Times New Roman; font-size: 13px">
Financial Adviser to HSBC Asia&#xA0;Pacific</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 35%;">
<div style="text-align: right; margin-left: 12px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #231F20; font-family: Times New Roman; font-size: 13px">
&#xA0;Independent Financial Adviser to&#xA0;the&#xA0;Hang Seng
Bank&#xA0;IBC</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 35%;">
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #231F20; font-family: Times New Roman; font-size: 13px">
The Hongkong and Shanghai Banking Corporation Limited</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 35%;">
<div style="text-align: right; margin-left: 132px; margin-right: 0px; text-indent: -60px">
<font style="font-weight: bold; color: #231F20; font-family: Times New Roman; font-size: 13px">
&#xA0;Somerley Capital Limited</font><font style="font-family: Times New Roman; font-size: 16px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><br></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 6px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #231F20">Reference is made to (i) the
joint&#xA0;announcement&#xA0;dated 9 October 2025 jointly
issued&#xA0;by&#xA0;HSBC Holdings plc ("</font><font style="font-weight: bold; color: #231F20">HSBC
Holdings</font><font style="color: #231F20">"), The Hongkong and
Shanghai Banking Corporation Limited ("</font><font style="font-weight: bold; color: #231F20">HSBC Asia
Pacific</font><font style="color: #231F20">") and Hang Seng Bank
Limited ("</font><font style="font-weight: bold; color: #231F20">Hang Seng
Bank</font><font style="color: #231F20">") pursuant to Rule 3.5 of
the Hong Kong Code on Takeovers and Mergers (the
"</font><font style="font-weight: bold; color: #231F20">Takeovers
Code</font><font style="color: #231F20">") regarding, among others,
the proposal (the "</font><font style="font-weight: bold; color: #231F20">Proposal</font><font style="color: #231F20">") for the privatisation of Hang Seng Bank by HSBC
Asia Pacific by way of a scheme of arrangement under section 673 of
the Companies Ordinance (the "</font><font style="font-weight: bold; color: #231F20">Scheme</font><font style="color: #231F20">"); (ii) the announcement dated 30 October 2025
jointly issued by HSBC Holdings, HSBC Asia Pacific and Hang Seng
Bank in relation to the update on
the&#xA0;timeline&#xA0;for&#xA0;despatch&#xA0;of the&#xA0;Scheme
Document;&#xA0;(iii) the&#xA0;announcement&#xA0;dated 27 November
2025 jointly issued by HSBC Holdings, HSBC Asia Pacific and Hang
Seng Bank providing a monthly update on the status and progress in
connection with the Proposal and the Scheme; and (iv) the composite
scheme document dated 15 December 2025 jointly issued by HSBC
Holdings, HSBC Asia Pacific and Hang Seng Bank in relation to the
Proposal and the Scheme (the "</font><font style="font-weight: bold; color: #231F20">Scheme
Document</font><font style="color: #231F20">"). Unless otherwise
defined herein, capitalised terms used in this announcement shall
have the same meanings as those defined in the
Scheme&#xA0;Document.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-weight: bold; font-family: Times New Roman; font-size: 13px">
DESPATCH OF THE SCHEME&#xA0;DOCUMENT</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 5px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">The&#xA0;Scheme&#xA0;Document&#xA0;together&#xA0;with
the&#xA0;notices&#xA0;of the Hang Seng Bank
Court&#xA0;Meeting&#xA0;and the Hang Seng Bank General Meeting to
be held on Thursday, 8 January 2026 and the relevant forms of proxy
will be despatched to the Hang Seng Bank Shareholders on Monday, 15
December 2025.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 6px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">The
Scheme Document contains, among other things, further details of
the Proposal and the Scheme, the expected timetable, the
explanatory statement of the Scheme as required under
the&#xA0;Companies Ordinance, financial&#xA0;information&#xA0;of
the Hang Seng Bank Group,&#xA0;general&#xA0;information regarding
HSBC Holdings, HSBC Asia Pacific and Hang Seng Bank, the letters
from the Hang Seng Bank Board, the Hang Seng Bank IBC and the Hang
Seng Bank IFA, a notice of the Hang Seng Bank Court Meeting and a
notice of the Hang Seng Bank
General&#xA0;Meeting.</font><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 6px; text-indent: 0px;">
<font style="font-weight: bold; color: #231F20; font-family: Times New Roman; font-size: 13px">
RECOMMENDATIONS OF THE HANG SENG BANK IBC AND THE HANG SENG BANK
IFA</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 6px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">The
Hang Seng Bank IBC, comprising Cordelia Chung, Clement Kwok King
Man, Patricia Lam Sze Wan, Lin Huey Ru and Wang Xiao Bin, has been
established by the Hang Seng Bank Board to make a recommendation to
the Code Disinterested Shareholders in respect of the Proposal and
the Scheme, as required by the Takeovers Code.</font><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 6px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Hang
Seng Bank has, with the approval of the Hang Seng Bank IBC,
appointed Somerley as the Hang Seng Bank IFA to advise the Hang
Seng Bank IBC in connection with the Proposal and the
Scheme.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 5px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">The
Hang Seng Bank IFA has advised the Hang Seng Bank IBC that it
considers the Proposal and the Scheme are fair and reasonable so
far as the Code Disinterested Shareholders are concerned and
accordingly advises the Hang Seng Bank IBC to recommend, and the
Hang Seng Bank IFA itself recommends, the Code Disinterested
Shareholders to vote in favour of the relevant resolutions to be
proposed at the Hang Seng Bank Court Meeting and the Hang Seng Bank
General Meeting to approve and implement the Proposal and the
Scheme.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 6px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">The
Hang Seng Bank IBC, having considered the terms of the Proposal and
the&#xA0;Scheme&#xA0;and having taken into account the advice of
the Hang Seng Bank IFA, and in particular the principal factors,
reasons and recommendation set out in its letter, concurs with the
Hang Seng Bank IFA's advice that the Proposal and the Scheme are
fair and reasonable so far as the Code Disinterested Shareholders
are concerned.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 6px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Accordingly,
the Hang Seng Bank IBC recommends the Code Disinterested
Shareholders to vote in favour of the relevant resolutions to be
proposed at the Hang Seng Bank Court Meeting and the Hang Seng Bank
General Meeting to approve and implement the Proposal and the
Scheme.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 5px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">The
Hang Seng Bank IBC concurs with the Hang Seng Bank IFA's view that
in addition to Scheme Shareholders who support the Scheme, there
may be Scheme Shareholders who do not wish to give up their
shareholdings and that if all the Conditions, including necessary
shareholder approval levels and the sanction of the Scheme by the
High Court, are satisfied or
(if&#xA0;applicable)&#xA0;waived&#xA0;on
or&#xA0;before&#xA0;the&#xA0;Conditions&#xA0;Long Stop Date,
the&#xA0;Scheme&#xA0;will become binding and effective on Hang Seng
Bank and all Scheme Shareholders, irrespective
of&#xA0;whether&#xA0;or not
such&#xA0;Scheme&#xA0;Shareholders&#xA0;attended&#xA0;or&#xA0;voted&#xA0;at
the Hang Seng&#xA0;Bank&#xA0;Court&#xA0;Meeting&#xA0;and/or the
Hang Seng Bank&#xA0;General&#xA0;Meeting.&#xA0;The Hang Seng
Bank&#xA0;IBC&#xA0;also concurs with the Hang Seng Bank IFA's view
that such shareholder approval levels are demanding and will
reflect a strong majority view of Scheme Shareholders if achieved
(noting that the approximately 1,188 million Hang Seng Bank Shares
held beneficially by HSBC Asia Pacific (along with certain other
minor holdings) will not be voted at the Hang Seng Bank Court
Meeting).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 5px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Code
Disinterested Shareholders should consider carefully the terms of
the Proposal and the Scheme and are recommended to read (i) the
letter from the Hang Seng Bank Board, (ii) the letter from the Hang
Seng Bank IFA, (iii) the letter from the Hang Seng Bank IBC and
(iv) the explanatory statement, each contained in the Scheme
Document before deciding how to vote at the Hang Seng Bank Court
Meeting and the Hang Seng Bank General Meeting. Code Disinterested
Shareholders are recommended to consult their own professional
advisers if they are in any doubt.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 5px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><font style="color: #231F20">
HANG SENG BANK</font><font style="color: #000000">&#xA0;</font><font style="color: #231F20">COURT</font><font style="color: #000000">&#xA0;</font><font style="color: #231F20">MEETING</font><font style="color: #000000">&#xA0;</font><font style="color: #231F20">AND</font><font style="color: #000000">&#xA0;</font><font style="color: #231F20">HANG
SENG BANK</font><font style="color: #000000">&#xA0;</font><font style="color: #231F20">GENERAL</font><font style="color: #000000">&#xA0;</font><font style="color: #231F20">MEETING</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 6px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">In
accordance with the directions of the High Court, the Hang Seng
Bank Court Meeting will be held at 10:30 a.m. on Thursday, 8
January 2026 in the form of a hybrid meeting at Grand Ballroom,
16/F, Hopewell Hotel, 15 Kennedy Road, Wan Chai, Hong Kong and via
the Court Meeting Online Platform, using any smart phone, tablet
device or computer. The Hang Seng Bank General Meeting will be held
at the same place and via the General Meeting Online Platform, and
on the same date at 11:00 a.m. (or immediately after the conclusion
or adjournment of the Hang Seng Bank Court Meeting).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 6px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">The
High Court has directed that the Hang Seng Bank Court Meeting be
convened for the&#xA0;purpose&#xA0;of&#xA0;considering&#xA0;and,
if&#xA0;thought&#xA0;fit,&#xA0;approving,&#xA0;with or&#xA0;without
modification,&#xA0;the&#xA0;Scheme.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 6px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #231F20">Immediately</font><font style="color: #000000">&#xA0;</font><font style="color: #231F20">after
the Hang Seng Bank Court Meeting has been concluded or adjourned,
the Hang Seng Bank General Meeting will be held for the Hang Seng
Bank Shareholders to consider and, if thought fit, pass a special
resolution to approve and give effect to the Proposal and the
Scheme, including the approval of the reduction of the share
capital of Hang Seng Bank by cancelling and extinguishing the
Scheme Shares and the allotment and issue to HSBC Asia Pacific (or
its nominee) of such number of new Hang Seng Bank Shares as is
equal to the number of the Scheme Shares cancelled and
extinguished.</font></font></div>
<div style="text-align: left; margin-left: 480px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 6px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Notices
of the Hang Seng Bank Court Meeting and the Hang Seng Bank General
Meeting are contained in the Scheme Document, and are available on
the websites of the Hong Kong Stock Exchange and Hang Seng
Bank.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 6px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Hang
Seng Bank, HSBC Asia Pacific and HSBC Holdings will make a joint
announcement in relation to the results of the Hang Seng Bank Court
Meeting and the Hang Seng Bank General Meeting no later than 7:00
p.m. on Thursday, 8 January 2026.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-weight: bold; font-family: Times New Roman; font-size: 13px">
CLOSURE OF REGISTER OF&#xA0;MEMBERS</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Hang Seng Bank Court Meeting and Hang Seng Bank
General&#xA0;Meeting</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 5px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">For
the purpose of determining the entitlements of the Scheme
Shareholders to attend and vote at the Hang Seng Bank Court Meeting
and the&#xA0;entitlements&#xA0;of the Hang
Seng&#xA0;Bank&#xA0;Shareholders&#xA0;to attend and vote at the
Hang Seng Bank General Meeting, the register&#xA0;of&#xA0;members
of Hang Seng Bank will be closed from Monday, 5 January 2026 to
Thursday, 8 January 2026 (both days inclusive) (or such other dates
as may be notified by Hang Seng Bank by way of announcement(s)),
and during such period, no transfer of Hang Seng Bank Shares will
be effected.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 6px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">In
order to qualify to vote at the Hang Seng Bank Court Meeting or the
Hang Seng Bank&#xA0;General
Meeting,&#xA0;all&#xA0;transfers&#xA0;of&#xA0;share&#xA0;ownership
accompanied&#xA0;by&#xA0;the&#xA0;relevant&#xA0;share&#xA0;certificates&#xA0;must&#xA0;be&#xA0;lodged&#xA0;with&#xA0;the&#xA0;Share&#xA0;Registrar&#xA0;at&#xA0;Shops
1712-1716, 17th&#xA0;Floor,&#xA0;Hopewell Centre, 183 Queen's Road
East, Wan Chai, Hong Kong before 4:30 p.m. on Friday, 2 January
2026.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Registration and payment of the
Scheme&#xA0;Consideration</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 6px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Assuming
that the Scheme Record Date falls on Friday, 23 January 2026, it is
proposed that the register of members of Hang Seng Bank will be
closed from Tuesday, 20 January 2026 (or such other date as Hang
Seng Bank Shareholders may be notified by an announcement) onwards
in order to determine entitlements to the Scheme Consideration
under the Scheme.</font></div>
<div style="text-align: left; margin-left: 480px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 6px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">In
order to qualify for entitlements to the Scheme Consideration under
the Scheme, Scheme Shareholders should ensure that the transfers of
Hang Seng Bank Shares to them are lodged with the Share Registrar
at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road
East, Wan Chai, Hong Kong for registration in their names or in the
names of their nominees no later than 4:30 p.m. (Hong Kong time) on
Monday, 19 January 2026.</font><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 480px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-weight: bold; font-family: Times New Roman; font-size: 13px">
CONDITIONS OF THE&#xA0;PROPOSAL</font></div>
<div style="text-align: left; margin-left: 480px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 5px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #231F20">The&#xA0;Proposal&#xA0;will&#xA0;be&#xA0;implemented,&#xA0;and
the&#xA0;Scheme&#xA0;will&#xA0;become&#xA0;binding&#xA0;and&#xA0;effective&#xA0;on
Hang Seng Bank and all the&#xA0;Scheme Shareholders,
subject&#xA0;to
the&#xA0;satisfaction&#xA0;or&#xA0;(if&#xA0;applicable) waiver of
the Conditions on or before the Conditions Long Stop Date as
described in the section headed "</font><font style="font-style: italic; color: #231F20; font-size: 16px">5. Conditions
of the Proposal</font><font style="color: #000000">&#xA0;</font><font style="color: #231F20">" in the
Explanatory Statement set out on pages 96 to 100 of the Scheme
Document.</font></font></div>
<div style="text-align: left; margin-left: 480px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 6px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">All
of the Conditions will have to be satisfied or (if applicable)
waived, on or before the Conditions Long Stop Date, otherwise the
Scheme will not become binding and effective and will lapse subject
to the requirements of the Takeovers Code.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 6px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">If
all the Conditions are satisfied or (if applicable) waived on or
before the Conditions Long Stop Date, the Scheme will become
binding and effective on Hang Seng Bank and all of the Scheme
Shareholders on the Scheme Effective Date, which is expected to be
on Monday, 26 January 2026, irrespective of whether or not such
Scheme Shareholders attended or voted at the Hang Seng Bank Court
Meeting and/or the Hang Seng Bank General Meeting, and the listing
of the Hang Seng Bank Shares on the Hong Kong Stock Exchange is
expected to be withdrawn at 4:00 p.m. on Tuesday, 27 January 2026
pursuant to Rule 6.15(2) of the Hong Kong Listing
Rules.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 6px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">If
all the resolutions are passed at the Hang Seng Bank Court Meeting
and the Hang Seng Bank&#xA0;General Meeting, further
announcement(s)&#xA0;will be
made&#xA0;regarding&#xA0;the&#xA0;Proposal&#xA0;in&#xA0;relation
to, among other things, the results of the hearing of the petition
for the sanction of the Scheme by the High Court, the Scheme
Effective Date and the date of the withdrawal of the listing of
Hang Seng Bank Shares from the Hong Kong Stock Exchange, in
accordance with the requirements of the Takeovers Code and the Hong
Kong Listing Rules.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-weight: bold; font-family: Times New Roman; font-size: 13px">
EXPECTED&#xA0;TIMETABLE</font></div>
<div><font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 6px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">The
timetable set out below is indicative only and is subject to
change. Any changes to the timetable will be jointly announced by
HSBC Holdings, HSBC Asia Pacific and Hang Seng Bank. Unless
otherwise specified, all times and dates refer to Hong Kong local
times and&#xA0;dates.</font><font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: right; margin-left: 480px; margin-right: 6px; text-indent: 0px;">
<font style="color: #231F20; font-weight: bold; font-family: Times New Roman; font-size: 13px">
</font></div>
<div style="text-align: right; margin-left: 480px; margin-right: 6px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 480px; margin-right: 6px; text-indent: 0px;">
<font style="color: #231F20; font-weight: bold; font-family: Times New Roman; font-size: 13px">
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0; &#xA0; &#xA0;Hong Kong time and&#xA0;date</font></div>
<div style="text-align: left; margin-left: 480px; margin-right: 6px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 6px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Date
of despatch of the Scheme
Document...............................................................................................
Monday, 15 December 2025</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 6px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 6px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Latest
time for lodging transfers of Hang Seng Bank Shares</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 203px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">in
order to qualify for entitlement to attend and vote at the Hang
Seng Bank Court Meeting and the</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #231F20">Hang Seng Bank General Meeting</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 16px">(Note&#xA0;1).................................................................&#xA0;</font>
<font style="color: #000000">&#xA0;</font><font style="color: #231F20">4:30 p.m. on&#xA0;Friday,</font></font></div>
<div style="text-align: left; margin-left: 552px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">2
January&#xA0;2026</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 203px; text-indent: -24px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Register
of members of Hang Seng Bank closed for determining</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 203px; text-indent: -24px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">entitlement
to attend and vote at the</font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Hang
Seng Bank Court Meeting and the Hang&#xA0;Seng</font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #231F20">Bank General Meeting</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 16px">(Note&#xA0;2)..................................................................&#xA0;</font>
<font style="color: #000000">&#xA0;</font><font style="color: #231F20">Monday, 5 January 2026&#xA0;to</font></font></div>
<div style="text-align: left; margin-left: 516px; margin-right: 0px; text-indent: -36px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Thursday,
8 January 2026</font></div>
<div style="text-align: left; margin-left: 516px; margin-right: 0px; text-indent: -36px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">(both
days&#xA0;inclusive)</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Latest
time for lodging forms of proxy in respect&#xA0;of:</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: -36px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #231F20; font-size: 13px">&#x25CF;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">&#xA0;</font><font style="color: #231F20; font-size: 13px">Hang
Seng Bank Court Meeting</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 16px">(Note&#xA0;3).................................................&#xA0;</font>
<font style="color: #000000">&#xA0;</font><font style="color: #231F20; font-size: 13px">10:30 a.m.
on&#xA0;Tuesday,</font></font></div>
<div style="text-align: left; margin-left: 552px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">6
January&#xA0;2026</font></div>
<div style="text-align: left; margin-left: 552px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 72px; margin-right: 0px; text-indent: -36px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #231F20; font-size: 13px">&#x25CF;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">&#xA0;</font><font style="color: #231F20; font-size: 13px">Hang
Seng Bank General Meeting</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 16px">(Note&#xA0;3)..............................................&#xA0;</font>
<font style="color: #000000">&#xA0;</font><font style="color: #231F20; font-size: 13px">11:00 a.m.
on&#xA0;Tuesday,</font></font></div>
<div style="text-align: left; margin-left: 552px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">6
January&#xA0;2026</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #231F20">Meeting Record Time</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 16px">(Note&#xA0;4)&#xA0;</font>
<font style="color: #000000">&#xA0;</font><font style="color: #231F20">4:30 p.m. on&#xA0;Tuesday,</font></font></div>
<div style="text-align: left; margin-left: 552px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">6
January&#xA0;2026</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #231F20; font-size: 13px">Hang Seng Bank Court
Meeting</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 16px">(Notes
3
and&#xA0;5)....................................................&#xA0;</font>
<font style="color: #000000">&#xA0;</font><font style="color: #231F20; font-size: 13px">10:30 a.m.
on&#xA0;Thursday,</font></font></div>
<div style="text-align: left; margin-left: 552px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">8
January&#xA0;2026</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #231F20; font-size: 13px">Hang Seng Bank General
Meeting</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 16px">(Notes
3
and&#xA0;5)..................................................</font>&#xA0;<font style="color: #000000">&#xA0;</font><font style="color: #231F20; font-size: 13px">11:00
a.m. on&#xA0;Thursday,</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font><font style="color: #231F20; font-family: Times New Roman; font-size: 13px">&#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;
&#xA0; &#xA0; &#xA0; &#xA0; &#xA0; &#xA0;8 January 2026 (or
immediately after the conclusion or&#xA0;adjournment of the Hang
Seng Bank Court&#xA0;Meeting)</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Announcement
of the results of the Hang Seng&#xA0;Bank</font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Court
Meeting and the Hang Seng Bank General&#xA0;Meeting</font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">posted
on the website of the Hong Kong
Stock&#xA0;Exchange.............................................&#xA0;
no later than 7:00 p.m.&#xA0;on</font></div>
<div style="text-align: left; margin-left: 480px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Thursday,
8 January&#xA0;2026</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Expected
latest time for trading of Hang Seng Bank&#xA0;Shares</font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">on
the Hong Kong
Stock&#xA0;Exchange............................................................................&#xA0;
4:10 p.m. on&#xA0;Wednesday,</font></div>
<div style="text-align: left; margin-left: 540px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">14
January&#xA0;2026</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 180px; text-indent: -24px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Latest
time for lodging transfers of Hang Seng Bank Shares in order to
qualify for entitlements to the Scheme</font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Consideration
under
the&#xA0;Scheme...............................................................................&#xA0;
4:30 p.m. on&#xA0;Monday,</font></div>
<div style="text-align: left; margin-left: 540px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">19
January&#xA0;2026</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 104px; text-indent: -24px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Register
of members of Hang Seng Bank closed for determining entitlements to
the Scheme Consideration under the</font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #231F20; font-size: 13px">Scheme</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 16px">(Note&#xA0;6)................................................................................&#xA0;</font>
<font style="color: #000000">&#xA0;</font><font style="color: #231F20; font-size: 13px">From&#xA0;Tuesday,</font></font></div>
<div style="text-align: left; margin-left: 480px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">20
January 2026&#xA0;onwards</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">High
Court hearing of the petition for the sanction
of&#xA0;the</font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #231F20; font-size: 13px">Scheme</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 16px">(Note&#xA0;7)...............................................................................&#xA0;</font>
<font style="color: #000000">&#xA0;</font><font style="color: #231F20; font-size: 13px">10:00 a.m.
on&#xA0;Friday,</font></font></div>
<div style="text-align: left; margin-left: 540px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">23
January&#xA0;2026</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 186px; text-indent: -24px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Announcement
of (1) the results of the High Court hearing for the
petition</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 186px; text-indent: -24px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">for
the sanction of the Scheme, (2) the</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 176px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">expected
Scheme Effective Date and (3) the expected date of the</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 176px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">withdrawal
of the listing of Hang Seng Bank Shares on the Hong Kong Stock
Exchange posted on the website</font></div>
<div style="text-align: justify; margin-left: 24px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">of
the Hong Kong
Stock&#xA0;Exchange........................................................................&#xA0;
no later than 7:00 p.m.&#xA0;on</font></div>
<div style="text-align: left; margin-left: 12px; margin-right: 6px; text-indent: 480px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Friday,
23 January 2026</font></div>
<div style="text-align: left; margin-left: 336px; margin-right: 6px; text-indent: 480px;">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Scheme
Record&#xA0;Date...................................................................................................................&#xA0;
Friday, 23 January&#xA0;2026</font> <font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #231F20; font-size: 13px">Scheme Effective
Date</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 16px">(Notes 7
and&#xA0;10).........................................................&#xA0;</font>
<font style="color: #000000">&#xA0;</font><font style="color: #231F20; font-size: 13px">Monday, 26
January&#xA0;2026</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Announcement
of (1) the Scheme Effective Date and&#xA0;(2)</font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 180px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">the
withdrawal of the listing of Hang Seng Bank Shares on
the</font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 180px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Hong
Kong Stock Exchange posted on the website</font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">of
the Hong Kong
Stock&#xA0;Exchange.............................................................................&#xA0;
Monday, 26 January&#xA0;2026</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">The
withdrawal of the listing of Hang Seng Bank Shares
on&#xA0;the</font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #231F20">Hong Kong Stock Exchange becomes
effective</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 16px">(Note&#xA0;7)..............................&#xA0;</font>
<font style="color: #000000">&#xA0;</font><font style="color: #231F20">4:00 p.m. on&#xA0;Tuesday,</font></font></div>
<div style="text-align: left; margin-left: 540px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">27
January&#xA0;2026</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 24px; margin-right: 195px; text-indent: -24px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Latest
time for (1) despatch of cheques for the payment of
the</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 195px; text-indent: -24px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Scheme
Consideration to Scheme Shareholders (other than</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 195px; text-indent: -24px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">HKSCC
Nominees) and (2) payment of the Scheme</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 195px; text-indent: -24px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Consideration
to HKSCC Nominees by</font></div>
<div style="text-align: left; margin-left: 48px; margin-right: 195px; text-indent: -24px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #231F20; font-size: 13px">electronic bank
transfer</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 16px">(Notes 8, 9
and&#xA0;10)</font>...........................................................&#xA0;<font style="color: #000000">&#xA0;</font><font style="color: #231F20; font-size: 13px">On
or before&#xA0;Wednesday,</font></font></div>
<div style="text-align: left; margin-left: 540px; margin-right: 0px; text-indent: 0px">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">4
February&#xA0;2026</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-style: italic; color: #231F20; font-family: Times New Roman; font-size: 13px">
Notes:</font></div>
<div><font style="font-style: italic; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 7px; text-indent: -36px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-style: italic; color: #231F20; font-size: 13px">1.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 13px">If
you are a Hang Seng Bank ADS Holder and wish to attend and/or vote
at the Hang Seng Bank Court Meeting and/or the Hang Seng Bank
General Meeting (whether in person, via the Online Platform(s) or
by proxy), you must elect to become a Scheme Shareholder and/or
Hang Seng Bank Shareholder by surrendering some or all of your Hang
Seng Bank ADSs to the Depositary and withdrawing the Hang Seng Bank
Shares represented by such Hang Seng Bank ADSs in accordance with
the terms and conditions of the Hang Seng Bank ADS Deposit
Agreement in order to become a Scheme Shareholder and/or Hang Seng
Bank Shareholder prior to 4:30 p.m. (Hong Kong time) on Friday, 2
January 2026 and to remain as a Scheme Shareholder and/or Hang Seng
Bank Shareholder at the Meeting Record
Time.</font></font><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 480px; margin-right: 0px; text-indent: 0px;">
<font style="font-style: italic; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 6px; text-indent: -36px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-style: italic; color: #231F20; font-size: 13px">2.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 13px">The&#xA0;register&#xA0;of&#xA0;members&#xA0;of
Hang Seng Bank will be&#xA0;closed
during&#xA0;such&#xA0;period&#xA0;for
the&#xA0;purpose&#xA0;of&#xA0;determining entitlements of the
Scheme Shareholders to attend and vote at the Hang Seng Bank Court
Meeting and of the Hang Seng Bank Shareholders to attend and vote
at the Hang Seng Bank General Meeting. For the avoidance of doubt,
this period of closure is not for determining entitlements to the
Scheme Consideration under the Scheme.</font></font></div>
<div style="text-align: left; margin-left: 480px; margin-right: 0px; text-indent: 0px;">
<font style="font-style: italic; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 6px; text-indent: -36px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-style: italic; color: #231F20; font-size: 13px">3.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 13px">The</font><font style="color: #000000">&#xA0;</font><font style="font-weight: bold; font-style: italic; color: #231F20; font-size: 13px">pink</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 13px">form
of proxy in respect of the Hang Seng Bank Court Meeting and
the</font><font style="color: #000000">&#xA0;</font><font style="font-weight: bold; font-style: italic; color: #231F20; font-size: 13px">white</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 13px">form
of proxy in respect of the Hang Seng Bank General Meeting should be
completed and signed in accordance with the instructions
respectively printed thereon and should be lodged at the Share
Registrar at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wan
Chai, Hong Kong by the times and dates stated above.
The</font><font style="color: #000000">&#xA0;</font><font style="font-weight: bold; font-style: italic; color: #231F20; font-size: 13px">pink</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 13px">form
of proxy for use at the Hang Seng Bank Court Meeting and
the</font><font style="color: #000000">&#xA0;</font><font style="font-weight: bold; font-style: italic; color: #231F20; font-size: 13px">white</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 13px">form
of proxy for use at the Hang Seng Bank General Meeting must be
lodged no later than the times and date stated above in order for
them to be valid. Completion and return of a form of proxy for the
Hang Seng Bank Court Meeting and/or the Hang Seng Bank General
Meeting will not preclude a Scheme Shareholder and/or a Hang Seng
Bank Shareholder from attending and voting (whether in person or
via the Online Platform(s)) at the relevant meeting or at any
adjourned meeting thereof if such Scheme Shareholder and/or Hang
Seng Bank Shareholder shall subsequently so wish, and in such
event, any proxy appointment made by that Scheme Shareholder and/or
Hang Seng Bank Shareholder will be deemed to be
revoked.</font></font></div>
<div style="text-align: left; margin-left: 480px; margin-right: 0px; text-indent: 0px;">
<font style="font-style: italic; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 6px; text-indent: -36px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-style: italic; color: #231F20; font-size: 13px">4.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 13px">&#xA0;&#xA0;
A specific time, being 4:30 p.m. on 6 January 2026, has been set as
the Meeting Record Time in order to determine more precisely the
entitlement of holders of the Code Disinterested Shares and of the
Ordinance Disinterested Shares to attend and vote at the Hang Seng
Bank Court Meeting.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 6px; text-indent: -36px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-style: italic; color: #231F20; font-size: 13px">5.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 13px">If
Typhoon Signal No. 8 or above is or is expected to be hoisted or a
Black Rainstorm Warning Signal or "Extreme Conditions" after super
typhoons or other adverse weather conditions announced by the
HKSAR&#xA0;Government&#xA0;is or is&#xA0;expected&#xA0;to be in
force at any time&#xA0;between&#xA0;7:00 a.m. and 1:00 p.m. on
Thursday, 8 January 2026, the Hang Seng Bank Court Meeting and the
Hang Seng Bank General Meeting will be adjourned and the Hang Seng
Bank Shareholders will be informed of the date, time and venue of
the adjourned meetings by a supplementary notice to be posted on
Hang Seng Bank's website (</font><font style="font-style: italic; text-decoration: underline; color: #0000FF; font-size: 13px">www.hangseng.com)</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 13px">and
the website of HKEX (</font><font style="font-style: italic; text-decoration: underline; color: #0000FF; font-size: 13px">www.hkexnews.hk).</font><font style="color: #000000">&#xA0;</font><font style="font-weight: bold; font-style: italic; color: #231F20; font-size: 13px">The
Hang Seng Bank&#xA0;Court&#xA0;Meeting and the Hang Seng Bank
General Meeting will be held as scheduled when
a&#xA0;Typhoon&#xA0;Signal No. 3 or below is hoisted or an Amber or
Red Rainstorm Warning Signal is in force.</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 13px">Hang Seng
Bank Shareholders should carefully consider the risk of physical
attendance at the Hang Seng Bank Court Meeting and the Hang Seng
Bank General Meeting under bad weather conditions having regard to
their personal circumstances and if they should choose to do so,
they are advised to exercise due care
and&#xA0;caution.</font></font></div>
<div style="text-align: left; margin-left: 480px; margin-right: 0px; text-indent: 0px;">
<font style="font-style: italic; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 6px; text-indent: -36px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-style: italic; color: #231F20; font-size: 13px">6.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 13px">The&#xA0;register&#xA0;of&#xA0;members&#xA0;of
Hang Seng Bank will be&#xA0;closed
during&#xA0;such&#xA0;period&#xA0;for
the&#xA0;purpose&#xA0;of&#xA0;determining the Scheme Shareholders
who are qualified for the entitlements to the Scheme Consideration
under the Scheme.</font></font></div>
<div style="text-align: left; margin-left: 480px; margin-right: 0px; text-indent: 0px;">
<font style="font-style: italic; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 6px; text-indent: -36px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-style: italic; color: #231F20; font-size: 13px">7.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 13px">The
High Court hearing will be held at the High Court at the High Court
Building, 38 Queensway, Hong Kong. Subject to the Conditions having
been satisfied or (if applicable) waived on or before the
Conditions Long Stop Date, the Scheme shall become binding and
effective as soon as an office copy of the order of the High Court
sanctioning the Scheme (with or without modification) and
confirming the reduction of the share capital of Hang Seng Bank
provided for by the Scheme together with a minute and a return that
comply with subsections (2) and (3) of section 230 of the Companies
Ordinance shall have been delivered and registered by the Registrar
of Companies in Hong Kong. If the Proposal becomes unconditional
and the Scheme becomes binding and effective, it is expected that
the listing of the Hang Seng Bank Shares on the Hong Kong Stock
Exchange will be withdrawn at 4:00 p.m. on Tuesday, 27 January
2026.</font></font><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 480px; margin-right: 0px; text-indent: 0px;">
<font style="font-style: italic; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 6px; text-indent: -36px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-style: italic; color: #231F20; font-size: 13px">8.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 13px">Cheques
for the payment of the Scheme Consideration to the Scheme
Shareholders (other than HKSCC Nominees), and payment of the Scheme
Consideration to HKSCC Nominees by electronic bank transfer, will
be despatched or made as soon as possible but in any event no later
than the seventh (7th) business day (as defined in the Takeovers
Code) after the Scheme Effective Date, and (if payment is made by
way of cheques) such cheques will be despatched by ordinary post in
postage pre-paid envelopes addressed to the Scheme Shareholders
(other than HKSCC Nominees) at their respective addresses as
appearing in the register of members of Hang Seng Bank as at the
Scheme Record Date or, in the case of joint holders, at the address
appearing in the register of members of Hang Seng Bank as at the
Scheme Record Date of the joint holder whose name then stands first
in the register of members of Hang Seng Bank in respect of the
relevant joint holding. All such cheques shall be posted at the
risk of the addressees and none of HSBC Holdings, HSBC Asia
Pacific, Hang Seng Bank, BofA Securities, Goldman Sachs, HSBC Asia
Pacific FA, Morgan Stanley, the Depositary (or any of its
designees), the Hang Seng Bank IFA and the Share Registrar and
their respective directors, employees, officers, agents, advisers,
associates and affiliates and any other persons involved in the
Proposal shall be responsible for any loss or delay in the despatch
of the same. Your attention is also drawn to the section headed
"15. Registration and payment" in the Explanatory Statement set out
on pages 110 to 112 of the Scheme Document.</font></font></div>
<div style="text-align: left; margin-left: 480px; margin-right: 0px; text-indent: 0px;">
<font style="font-style: italic; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 7px; text-indent: -36px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-style: italic; color: #231F20; font-size: 13px">9.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 13px">In
the case of Hang Seng Bank ADSs, the Depositary will receive an
amount in Hong Kong dollars equal to the amount payable in respect
of all the Scheme Shares represented by the Hang Seng Bank ADSs no
later than the seventh (7th) business day (as defined in the
Takeovers Code) after the Scheme Effective Date. Upon receipt, the
Depositary will convert such funds into US dollars and thereafter
pay to the Hang Seng Bank ADS Holders as a payment in US dollars in
proportion to the number of Hang Seng Bank ADSs held by such Hang
Seng Bank ADS Holders, in accordance with the Hang Seng Bank ADS
Deposit&#xA0;Agreement.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;&#xA0;</font></div>
<div style="text-align: left; margin-left: 36px; margin-right: 7px; text-indent: -36px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-style: italic; color: #231F20; font-size: 13px">10.&#xA0;&#xA0;&#xA0;&#xA0;</font><font style="color: #000000">&#xA0;</font><font style="font-style: italic; color: #231F20; font-size: 13px">If
any severe weather condition is in force in Hong Kong: (a) at any
time before 12:00 p.m. but no longer in force at or after 12:00
p.m. on the Scheme Effective Date or the latest date to despatch
cheques for the payment of the Scheme Consideration under the
Scheme, the Scheme Effective Date or the latest date to despatch
cheques (as the case may be) will remain on the same day; or (b) at
any time at or after 12:00</font></font></div>
<div style="text-align: justify; margin-left: 36px; margin-right: 7px; text-indent: 0px;">
<font style="font-style: italic; color: #231F20; font-family: Times New Roman; font-size: 13px">
p.m. on the Scheme Effective Date or the latest date to despatch
cheques for the payment of the Scheme Consideration under the
Scheme, the Scheme Effective Date or the latest date to despatch
cheques (as the case may be) will be rescheduled to the following
business day which does not have any of those warnings in force at
12:00 p.m. and/or thereafter (or another business day thereafter
that does not have any severe weather condition at 12:00 p.m. or
thereafter). For the purpose of this note, "severe weather" refers
to the scenario where a tropical cyclone warning signal number 8 or
above is hoisted, a black rainstorm warning and/or the "Extreme
Conditions" warning as announced by the Hong Kong Government is/are
in force in Hong Kong. Further announcement(s) will be made if
there is any change to the expected timetable as a result of any
severe weather.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 5px; text-indent: 0px;">
<font style="color: #231F20; font-weight: bold; font-family: Times New Roman; font-size: 13px">
WARNING: Shareholders of and/or potential investors in HSBC
Holdings and Hang&#xA0;Seng
Bank&#xA0;should&#xA0;be&#xA0;aware&#xA0;that&#xA0;the&#xA0;Proposal&#xA0;will
only&#xA0;be&#xA0;implemented&#xA0;if&#xA0;all&#xA0;the&#xA0;Conditions
are satisfied or (if applicable) waived on or before the Conditions
Long Stop Date.&#xA0;Shareholders&#xA0;of
and/or&#xA0;potential&#xA0;investors&#xA0;in
HSBC&#xA0;Holdings&#xA0;and Hang&#xA0;Seng&#xA0;Bank should
therefore exercise caution when dealing in the securities of HSBC
Holdings and Hang Seng Bank respectively. Persons who are in doubt
as to the action they should take should consult their licensed
securities dealer or registered institution in securities, bank
manager, solicitor, professional accountant or other professional
adviser.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">For
and on
behalf&#xA0;of&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
For and on behalf&#xA0;of</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-weight: bold; font-family: Times New Roman; font-size: 13px">
HSBC
Holdings&#xA0;plc&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Hang Seng Bank&#xA0;Limited</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Brendan&#xA0;Nelson&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;
Edward Cheng Wai&#xA0;Sun</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Group&#xA0;Chairman&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Chairman</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">For
and on behalf&#xA0;of</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 271px; text-indent: 0px;">
<font style="font-weight: bold; color: #231F20; font-family: Times New Roman; font-size: 13px">
The Hongkong and Shanghai Banking</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 271px; text-indent: 0px;">
<font style="font-weight: bold; color: #231F20; font-family: Times New Roman; font-size: 13px">
Corporation Limited</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Dr. Peter Wong Tung&#xA0;Shun</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Non-executive&#xA0;Chairman</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 7px; text-indent: 0px;">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
<font style="color: #231F20; font-size: 16px">The board of
directors of HSBC Holdings plc as at the date of this announcement
comprises: Brendan Robert Nelson*, Georges Bahjat Elhedery,
Geraldine Joyce Buckingham</font><font style="font-size: 70%; vertical-align: top; color: #231F20">&#x2020;</font><font style="color: #231F20; font-size: 16px">,
Rachel Duan</font><font style="font-size: 70%; vertical-align: top; color: #231F20">&#x2020;</font><font style="color: #231F20; font-size: 16px">,
Dame Carolyn Julie Fairbairn</font><font style="font-size: 70%; vertical-align: top; color: #231F20">&#x2020;</font><font style="color: #231F20; font-size: 16px">,
James Anthony Forese</font><font style="font-size: 70%; vertical-align: top; color: #231F20">&#x2020;</font><font style="color: #231F20; font-size: 16px">,
Ann Frances Godbehere</font><font style="font-size: 70%; vertical-align: top; color: #231F20">&#x2020;</font><font style="color: #231F20; font-size: 16px">,
Steven Craig Guggenheimer</font><font style="font-size: 70%; vertical-align: top; color: #231F20">&#x2020;</font><font style="color: #231F20; font-size: 16px">,
Manveen (Pam) Kaur, Dr Jos&#xE9; Antonio Meade
Kuribre&#xF1;a</font><font style="font-size: 70%; vertical-align: top; color: #231F20">&#x2020;</font><font style="color: #231F20; font-size: 16px">,
Kalpana Jaisingh Morparia</font><font style="font-size: 70%; vertical-align: top; color: #231F20">&#x2020;</font><font style="color: #231F20; font-size: 16px">,
Eileen K Murray</font><font style="font-size: 70%; vertical-align: top; color: #231F20">&#x2020;</font><font style="color: #231F20; font-size: 16px">&#xA0;and
Swee Lian Teo</font><font style="font-size: 70%; vertical-align: top; color: #231F20">&#x2020;</font><font style="color: #231F20; font-size: 16px">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-style: italic; font-family: Times New Roman; font-size: 13px">
*&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Independent&#xA0;non-executive&#xA0;Chair</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
<font style="font-size: 70%; vertical-align: top; color: #231F20">&#x2020;</font><font style="color: #231F20">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Independent&#xA0;non-executive&#xA0;Director</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 7px; text-indent: 0px;">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
<font style="color: #231F20; font-size: 16px">The board of
directors of HSBC Asia Pacific as at the date of this announcement
comprises: Dr. Peter Wong Tung Shun</font><font style="font-size: 70%; vertical-align: top; color: #231F20">#</font><font style="color: #231F20; font-size: 16px">,
David Gordon Eldon*, David Liao Yi Chien, Surendranath Ravi Rosha,
Paul Jeremy Brough*, Judy Chau Lai Kun*, Edward Cheng Wai Sun*,
Sonia Cheng Chi Man*, Choi Yiu Kwan*, Andrea Lisa Della Mattea*,
Manveen (Pam) Kaur</font><font style="font-size: 70%; vertical-align: top; color: #231F20">#</font><font style="color: #231F20; font-size: 16px">,
Rajnish Kumar*, Beau Kuok Khoon Chen*, Fred Lam Tin Fuk* and
Annabelle Long Yu*.</font></font></div>
<div style="text-align: left; margin-left: 480px; margin-right: 0px; text-indent: 0px;">
<font style="font-style: italic; color: #000000; font-family: Times New Roman; font-size: 16px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
<font style="font-size: 70%; vertical-align: top; color: #231F20">#</font><font style="color: #231F20">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Non-executive&#xA0;Directors</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-style: italic; font-family: Times New Roman; font-size: 13px">
*&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Independent&#xA0;Non-executive&#xA0;Directors</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; color: #000000; font-family: Times New Roman; font-size: 16px">
&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 7px; text-indent: 0px;">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
<font style="color: #231F20; font-size: 16px">The Hang Seng Bank
Board as at the date of this announcement comprises: Edward Cheng
Wai Sun* (Chairman), Luanne Lim Hui Hung (Chief Executive),
Cordelia Chung*, Kathleen Gan Chieh Huey</font><font style="font-size: 70%; vertical-align: top; color: #231F20">#</font><font style="color: #231F20; font-size: 16px">,
Clement Kwok King Man*, Patricia Lam Sze Wan*, David Liao Yi
Chien</font><font style="font-size: 70%; vertical-align: top; color: #231F20">#</font><font style="color: #231F20; font-size: 16px">,
Lin Huey Ru*, Saw Say Pin (Chief Financial Officer), Wang Xiao Bin*
and Catherine Zhou&#xA0;Rong</font><font style="font-size: 70%; vertical-align: top; color: #231F20">#</font><font style="color: #231F20; font-size: 16px">.</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font><font style="font-style: italic; color: #000000; font-family: Times New Roman; font-size: 16px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-style: italic; font-family: Times New Roman; font-size: 13px">
<font style="font-size: 70%; vertical-align: top; color: #231F20">#</font><font style="color: #231F20">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Non-executive&#xA0;Directors</font></font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-style: italic; font-family: Times New Roman; font-size: 13px">
*&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Independent&#xA0;Non-executive&#xA0;Directors</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-style: italic; color: #000000; font-family: Times New Roman; font-size: 16px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">The
Scheme Document can be viewed through the link below:</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="text-decoration: underline; color: #0000FF; font-family: Times New Roman; font-size: 13px">
http://www.rns-pdf.londonstockexchange.com/rns/5472L_1-2025-12-14.pdf</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-family: Times New Roman; font-size: 13px">Hong
Kong, 15 December&#xA0;2025</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #231F20; font-weight: bold; font-family: Times New Roman; font-size: 13px">
HSBC Holdings&#xA0;plc</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 16px; text-indent: 0px;">
<font style="font-style: italic; color: #231F20; font-family: Times New Roman; font-size: 16px">
Registered Office and Group Head Office: 8 Canada Square, London
E14 5HQ,</font><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 16px; text-indent: 0px;">
<font style="color: #231F20; font-style: italic; font-family: Times New Roman; font-size: 16px">
United&#xA0;Kingdom</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #231F20">Web:</font><font style="color: #000000">&#xA0;</font><font style="text-decoration: underline; color: #0000FF">www.hsbc.com</font></font><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #231F20; font-style: italic; font-family: Times New Roman; font-size: 16px">
Incorporated in England and Wales&#xA0;with</font></div>
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<font style="color: #231F20; font-style: italic; font-family: Times New Roman; font-size: 16px">
limited liability. Registration number&#xA0;617987</font></div>
<div style="text-align: justify; margin-left: 480px; margin-right: 0px; text-indent: 0px;">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #231F20; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Hang Seng Bank&#xA0;Limited</font></div>
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<font style="color: #231F20; font-weight: bold; font-family: Times New Roman; font-size: 13px">
&#x6052;&#x751F;&#x9280;&#x884C;&#x6709;&#x9650;&#x516C;&#x53F8;</font></div>
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<font style="color: #231F20; font-style: italic; font-family: Times New Roman; font-size: 16px">
Registered Office and Head&#xA0;Office:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 7px; text-indent: 0px;">
<font style="color: #231F20; font-style: italic; font-family: Times New Roman; font-size: 16px">
83 Des Voeux Road Central, Hong Kong Incorporated in Hong Kong with
limited&#xA0;liability</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;&#xA0;</font></div>
<div style="text-align: left; margin-left: 480px; margin-right: 0px; text-indent: 0px;">
<font style="font-style: italic; color: #000000; font-family: Times New Roman; font-size: 13px">
&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 271px; text-indent: 0px;">
<font style="font-weight: bold; color: #231F20; font-family: Times New Roman; font-size: 13px">
The Hongkong and Shanghai Banking Corporation Limited</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px"><font style="color: #231F20; font-family: Times New Roman">
&#x9999;&#x6E2F;&#x4E0A;&#x6D77;</font><font style="color: #231F20">&#x6ED9;&#x8C50;&#x9280;&#x884C;&#x6709;&#x9650;&#x516C;</font><font style="color: #231F20; font-family: Times New Roman">&#x53F8;</font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 271px; text-indent: 0px;">
<font style="font-style: italic; color: #231F20; font-family: Times New Roman; font-size: 16px">
Registered Office and Group Head Office: 1 Queen's Road Central,
Hong Kong</font></div>
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<font style="color: #231F20; font-style: italic; font-family: Times New Roman; font-size: 16px">
Incorporated in Hong Kong with limited&#xA0;liability</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
<a name="_Hlk210899832">
<!--anchor--></a>SIGNATURE</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">HSBC
Holdings plc</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">By:</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Name:
Aileen Taylor</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Title:
Group Company Secretary and Chief Governance Officer</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Date:
15 December 2025</font></div>
</td>
</tr></table>
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