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Form Serial Number: |
CS20260914E00065 |
| 1.
Date of relevant event: |
09/09/2026 (dd/mm/yyyy)
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| 2.
Date when the substantial shareholder becomes aware of the relevant event / interest in the shares (if later): |
(dd/mm/yyyy)
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| 3.
Stock code: |
01716 |
| 4.
Name of listed corporation: |
Most Kwai Chung Ltd. |
| 5.
Class of shares: |
Ordinary Shares |
| 6.
Number of issued shares in class: |
270,000,000 |
| 7.
Name of substantial shareholder: |
Regal Pegasus International Holdings Limited |
| 8.
Registered office: |
OMC Chambers, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands |
| 9.
Principal place of business in Hong Kong: |
NA |
| 15.
Exchange on which listed: |
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| 16.
Name of listed parent and exchange on which parent is listed: |
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| 17.
Details of relevant event: |
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Brief description of relevant event
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Capacity in which shares were/are held
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Number of shares bought/sold or involved |
Currency of transaction |
On Exchange
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Off Exchange
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| Before relevant event
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After relevant event
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Highest price (per share)
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Average price (per share)
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Average consideration (per share)
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Nature of consideration
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Long position |
| 1013 | You first acquire a notifiable interest because: any other event (you must briefly describe the relevant event in the Supplementary Information box) |
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| 2201 | Interest of corporation controlled by you |
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175,612,005 |
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| Short position |
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| 18.
Total shares immediately before the relevant event: |
| | Total number of shares | Percentage figure (%) |
| Long position | 0 | 0.00 |
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| 19.
Total shares immediately after the relevant event: |
| | Total number of shares | Percentage figure (%) |
| Long position | 175,612,005 | 65.04 |
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| 20.
Capacity in which interests disclosed in Box 19 are held: |
| Capacity code | Number of shares |
| 2201 | Interest of corporation controlled by you |
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| 21.
Further information in respect of derivative interests: |
| Derivatives code | Number of shares |
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| 22.
Further information in relation to interests of corporations controlled by substantial shareholder: |
| Name of controlled corporation | Address and place of incorporation | Name of controlling person | % control | Direct interest (Y/N) | Number of shares |
| Cavilion International Holding Limited | ICS Corporate Services (Cayman) Limited, Palm Grove Unit 4, 265 Smith Road, George Town, P.O. Box 52A Edgewater Way, #1653, Grand Cayman KY1-9006, Cayman Islands | Regal Pegasus International Holdings Limited | 100.00 | N | |
| Brave Steed Legacy Limited | OMC Chambers, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands | Cavilion International Holding Limited | 100.00 | Y | |
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| 23.
Further information in relation to interests held by substantial shareholder jointly with another person: |
| Name of joint shareholder | Address | Number of shares |
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| 24.
Further information from a trustee, a beneficiary of a trust, or a person who set up a discretionary trust: |
| Names of trust | Address | Status code | Number of shares |
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| 25.
Further information from a party to an agreement under Section 317 (Please see Notes for further information required): |
| Names of other parties | Address | Number of shares |
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| Total number of shares in which a substantial shareholder is interested under sections 317 and 318 | |
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| 26.
Details of person(s) in accordance with whose directions the substantial shareholder or its directors are accustomed to act: |
| Names | Address | Relationship Code | Percentage (%) |
| Ma Liyang | Addresses of individuals are not displayed. | | 6104 | Controller is a director |
| 100.00 |
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| 27.
Supplementary information: |
On 9 September 2026, Dr. Ma Liyang transferred all shares held by him in Brave Steed Legacy Limited, which directly holds 175,612,005 ordinary shares in the listed corporation, to Cavilion International Holding Limited, a company legally and beneficially owned as to 100% by the substantial shareholder.
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| 28.
Log/Serial Number of the previous form: |
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| 29.
Number of concert party document(s) under section 317 attached/uploaded: |
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Date of filing this Form 2: |
14/09/2026 (dd/mm/yyyy)
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