Modern Dental Group Limited commences an Equity Buyback Plan for 95,694,100 shares, representing 10% of its issued share capital, under the authorization approved on May 24, 2022.

Modern Dental Group Limited (SEHK:3600) commences share repurchases on September 20, 2022, under the program mandated by the shareholders in the Annual General Meeting held on May 24, 2022. As per the mandate, the company is authorized to repurchase up to 95,694,100 shares, representing 10% of the issued share capital. The purpose of repurchase program is to enhance the net asset value per share and/or earnings per share.

The repurchase program will be funded from the funds that are legally available for such purpose in accordance with the memorandum and articles of association, the applicable laws of the Cayman Islands and/or any other applicable laws. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting. As of May 24, 2022, the company had 956,941,000 shares in issue.