Modern Dental Group's controlling shareholder announces succession planning

Modern Dental Group Limited announced a change in the shareholding structure of its controlling shareholder, Triera Holdings Limited. On December 5, 2025, Mr. Chan Kwun Fung transferred 50 shares of Triera, representing 50% of its issued share capital, as an irrevocable gift to CKF Family Limited. This transfer aims to implement family planning and succession arrangements for Mr. Chan Kwun Fung.

CKF Family Limited is owned by TMF (Cayman) Ltd. as trustee of the CKF Trust, a discretionary trust set up by Mr. Chan Kwun Fung for his family. Following the transfer, Triera's ownership now comprises CKF Family Limited (50%), Mr. Chan Kwun Pan (20%), Dr. Chan Ronald Yik Long (16%), and Ms. Chan Yik Yu (14%). Triera currently holds 470,472,263 shares, or approximately 50.33%, of Modern Dental Group's issued share capital.

The share transfer resulted in CKF Family Limited and the trustee acquiring 30% or more of the company's voting rights, which would normally trigger a mandatory general offer under the Takeovers Code. However, the executive director of the corporate finance division of the Securities and Futures Commission has granted a waiver from this obligation.