Pricerite Group and HKBN Enter Strategic Win-Win Collaboration

HONG KONG,Aug. 5,2020 --Pricerite Group Limited ("Pricerite Group") and HKBN Group ("HKBN") announced today a long-term corporate strategic and business partnership to leverage their respective marketing and technological excellence to deliver enhanced value for both companies and their customers. In the next 5 years,HKBN Enterprise Solutions will provide premier telecom service to Pricerite Group for strengthening the development of its New Retail service,while Pricerite Group will extend its exciting offerings to over 1 million HKBN customers.

This strategic partnership allows the broad customer base of the two companies to enjoy a great number of premium offers,thereby achieving a win-win situation. Starting from today,customers who register designated HKBN home broadband or mobile plans via online can earn up to HK$400 in Pricerite cash coupons by using a designated promotional code. Residents of MALIBU and St Martin Phase 2 who spend HK$1,000 or above at Pricerite,or register for measurement order at TMF,can enjoy HKBN home broadband service on a contract-free basis with a 6-month monthly fee and installation fee waiver on HKBN home broadband service;while selected HKBN customers who register and install designated home broadband plans can get a total of over HK$1,000 Pricerite shopping coupons,a TMF measurement order waiver and an extra 3% discount on tailor made furniture*.

Dr. Bankee Kwan,Chairman of Pricerite Group said,"Pricerite Group is determined to keep a firm foothold in Hong Kong and serve the Hong Kong community. Despite challenges ahead,we are dedicated to developing the home furnishing market in Hong Kong. Under current adversity,Pricerite Group has joined hands with the industry,together we have stimulated creativity and strived to provide quality while competitive services to our customers. We will continue to seek further collaborations with HKBN in all aspects,especially on technology,with an aim of a win-win situation in the long run."

HKBN Co-Owner and Executive Vice-chairman William Yeung said,"This win-win collaboration with Pricerite Group demonstrates the high flexibility of HKBN's Barter & Bundleprogramme,which co-creates long-term value with our enterprise customers. Looking ahead,we will continue to step up collaborations with different companies to bring more benefits for both residential and enterprise customers while accelerating business growth."

* Terms and conditions apply.

About Pricerite Group

Founded in 1986,Pricerite Group Limited is an innovative home solutions leader for quality home furnishings,lifestyle products and services in Hong Kong,providing value-for-money solutions that help our customers care for their families and themselves. We offer a diverse portfolio of home furnishing and lifestyle brands that satisfy our customers' needs through a blend of operating efficiency,effective use of technology,and talented people. We build our competitive advantage by achieving economies of scale through our single operating platform and our in-depth understanding of the market. Businesses comprise sourcing and retailing of quality products with brands such as Pricerite,TMF,SECO,etc.

About HKBN Group

HKBN Group ("HKBN" or the "Group"),headquartered in Hong Kong with operations spanning across Hong Kong,Singapore,Malaysia,mainland China and Macau,is a leading integrated telecom and technology solutions provider. HKBN's Core Purpose is to "Make our Home a Better Place to Live". The Group is managed by around 930 of Co-Owners (majority of supervisory and management level Talents in the Group) who have skin-in-the-game through investing their family savings to buy shares of HKBN Ltd. (SEHK Stock Code: 1310) or investing a portion of their salary towards a common KPI for the beyond-Hong Kong business of the Group. HKBN operates through three core brands,Hong Kong Broadband Network,HKBN Enterprise Solutions and HKBN JOS. The Group offers a comprehensive range of solutions that include broadband,data connectivity,managed Wi-Fi,integrated cloud solutions,information security,mobile,voice communications,digital solutions,IoT,big data,enterprise applications,data centre facilities,business continuity services,system integration that cumulative to our one-stop-shop offering of Transformation as a Service (TaaS). HKBN's tri-carrier fibre infrastructure in Hong Kong covers about 2.4 million residential homes and 7,300 commercial buildings and facilities. For more information about HKBN,please visit www.hkbn.net/en.

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