Joint Annct : (1) PROPOSAL FOR THE PRIVATISATION OF HANG SENG BANK LIMITEDBY THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITEDBY WAY OF A SCHEME OF ARRANGEMENTUNDER SECTION 673 OF THE COMPANIES

HONG KONG. December 17, 2026.

2) PROPOSED WITHDRAWAL OF LISTING OF HANG SENG BANK SHARES

DISCLOSURE OF SUPPLEMENTAL INFORMATION UP TO LATEST PRACTICABLE DATE OF THE SCHEME DOCUMENT

Joint Financial Advisers to HSBC Holdings and HSBC Asia Pacific (in alphabetical order)

Bank of America and Goldman Sachs

Financial Adviser to Hang Seng Bank

Morgan Stanley

Financial Adviser to HSBC Asia Pacific

HSBC

Independent Financial Adviser to the Hang Seng Bank IBC

Somerley Capital Limited

INTRODUCTION

Reference is made to (i) the joint announcement dated 9 October 2025 jointly issued by HSBC Holdings plc (“HSBC Holdings”), The Hongkong and Shanghai Banking Corporation Limited (“HSBC Asia Pacific”) and Hang Seng Bank Limited (“Hang Seng Bank”) pursuant to Rule 3.5 of the Hong Kong Code on Takeovers and Mergers (the “Takeovers Code”) regarding, among others, the proposal 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 “Scheme”) (the “Proposal”); (ii) the announcement dated 15 December 2025 jointly issued by HSBC Holdings, HSBC Asia Pacific and Hang Seng Bank in relation to, among others, the despatch of the Scheme Document; and (iii) 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 “Scheme Document”). Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Scheme Document.

As disclosed in the Scheme Document, certain information in relation to the holdings of, and dealings by, the HSBC Group (including HSBC Asia Pacific and the Hang Seng Bank Group), BofA Securities and Goldman Sachs (as the joint financial advisers to HSBC Holdings and HSBC Asia Pacific in respect of the Proposal) in Hang Seng Bank Shares and other relevant securities of Hang Seng Bank was provided as at, or for the relevant period up to, 10 December 2025, being the latest practicable date prior to the publication of the Scheme Document for the purposes of ascertaining such information.

Following the despatch of the Scheme Document, HSBC Holdings, HSBC Asia Pacific and Hang Seng Bank wish to provide shareholders of and/or potential investors in Hang Seng Bank with updated information regarding the relevant holdings of, and dealings by, the HSBC Group (including HSBC Asia Pacific and the Hang Seng Bank Group), BofA Securities and Goldman Sachs in Hang Seng Bank Shares and other relevant securities of Hang Seng Bank as at, or for the relevant period up to, 12 December 2025, being the Latest Practicable Date set out in the Scheme Document.

DISCLOSURE OF INTERESTS IN RESPECT OF HANG SENG BANK SHARES

Shareholding structure of Hang Seng Bank as of the Latest Practicable Date and effect of the Proposal and the Scheme

As at 12 December 2025 (being the Latest Practicable Date), other than the issued share capital of Hang Seng Bank comprising 1,872,937,536 Hang Seng Bank Shares (including the Hang Seng Bank Shares represented by the Hang Seng Bank ADSs), there were no other relevant securities issued by Hang Seng Bank.

As at 12 December 2025 (being the Latest Practicable Date), save for the Hang Seng Bank ADSs, Hang Seng Bank had no outstanding options, warrants, derivatives or securities convertible into Hang Seng Bank Shares and no relevant securities (as defined in Note 4 to Rule 22 of the Takeovers Code) in issue other than its total issued share capital of 1,872,937,536 Hang Seng Bank Shares (of which 4,080,454 Hang Seng Bank Shares were represented by Hang Seng Bank ADSs).

Full Information on Source Link: https://cms.hangseng.com/cms/cse/announcement/20251217_Disclosure_en.pdf

Macquarie Asset Management Closes First Investment in Partnership with Applied Digital, Providing up to $US5.0 Billion in Funding to Support High Performance Computing Growth

New York and Dallas, 07 October 2025

The partnership features a preferred equity financing facility of up to $US5.0 billion from MAM, dedicated to supporting the development, ownership, and operation of high-performance computing (HPC) data centers designed to serve hyperscale and artificial intelligence (“AI”) clients.

• Funds managed by Macquarie Asset Management (“MAM”) agreed to initially invest up to $US900 million, which is expected to fund Applied Digital’s first two High Performance Computing (“HPC”) data center developments.

• MAM will have the right to provide up to $US4.1 billion of additional capital to finance Applied Digital’s HPC data center pipeline.

  
  

Today, MAM reached financial close for its previously announced partnership with Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital” or the “Company”). The partnership features a preferred equity financing facility of up to $US5.0 billion from MAM, dedicated to supporting the development, ownership, and operation of high-performance computing (HPC) data centers designed to serve hyperscale and artificial intelligence (“AI”) clients.

Applied Digital is nearing completion of the first 100MW building of the planned 400MW AI Factory campus in Ellendale, North Dakota (“Polaris Forge 1”), which is expected to be operational in the fourth quarter of 2025. The full 400MW campus has been leased to CoreWeave, Inc., a U.S.-based, publicly-traded cloud computing company which provides GPU infrastructure to hyperscale and AI customers. Applied Digital has also started work on its second campus in near Harwood, North Dakota (“Polaris Forge 2”), which is expected to be over 200MW and to commence operations by the end of 2026.

At financial close, MAM funded $US112.5 million, with the remaining $US787.5 million to be funded over time as construction progresses at Polaris Forge 1 and project finance is put in place, and as further leasing occurs at Polaris Forge 2 and other locations in the Company’s pipeline. As the partnership secures additional leases, MAM will have the right to invest above the initial $900 million commitment up to an aggregate of $US5.0 billion of cumulative preferred equity in partnership with Applied Digital.

"As the demand for AI and HPC capacity continues to accelerate, we believe Applied Digital will distinguish itself as a valuable partner to hyperscale customers, with its differentiated portfolio of near-term power availability that has been built by a pioneering leadership team,” said Anton Moldan, Senior Managing Director of Macquarie Asset Management. “We are excited to partner with Applied Digital to build and scale its HPC data center platform. Our global experience as an owner and manager of some of the largest private data center platforms in the world positions us as an ideal partner to help Applied Digital become an industry-leading data center platform.”

“Securing this funding at the asset level is especially important in an asset-heavy business like ours. It gives us the capital to complete Polaris Forge 1 and provides a clear path to scale additional campuses.  With MAM’s support, we’re able to strengthen our balance sheet and accelerate the build-out of our AI Factory platform. With MAM’s expertise and relationships, we believe Applied Digital is well positioned to remain as one of the fastest-growing developers in the U.S,” said Wes Cummins, Chairman and Chief Executive Officer of Applied Digital.

Source Link: https://www.macquarie.com/ie/en/about/news/2025/mam-closes-first-investment-in-partnership-with-applied-digital-providing-up-to-us5billion-in-funding-to-support-high-performance-computing-growth.html

HSBC agrees to sell its UK life insurance manufacturing business to Chesnara

United Kingdom. July 03, 2025

HSBC Bank plc, a wholly owned subsidiary of HSBC Holdings plc, has entered into a binding agreement to sell its UK life insurance entity, HSBC Life (UK) Limited (“HSBC Life UK”), to Chesnara plc (“Chesnara”), a UK-based life and pensions business.

The transaction includes all in-force life insurance policies and investment products written by HSBC Life UK and is expected to complete in early 2026, subject to regulatory approval.

On completion, approximately 230 roles supporting HSBC Life UK are expected to transfer to Chesnara and both parties will work closely over the coming months to enable a smooth transition for colleagues and customers.

The transaction forms part of the simplification of the HSBC Group announced in October 2024. HSBC is focused on increasing leadership and market share in the areas where it has a clear competitive advantage, and where it has the greatest opportunities to grow and support its clients.

HSBC has a market leading position in the UK serving retail, commercial and corporate and institutional banking clients. The UK is one of HSBC’s four core businesses and will continue to be a focus for growth. Following completion of the transaction, HSBC UK will continue to offer life insurance products to UK customers from third party providers.

Media enquiries to:

Press Office+44 (0)20 7991 8096

pressoffice@hsbc.com

Source Link: https://www.hsbc.com/news-and-views/news/media-releases/2025/hsbc-agrees-to-sell-its-uk-life-insurance-manufacturing-business-to-chesnara