CORPORATE GOVERNANCE STRUCTURE

KJAER GROUP A/S is the parent company in the Kjaer Group of companies, which consists of a number of independent legal entities.

The main shareholders of KJAER GROUP A/S are “The Way Forward ApS” with 48%, Sunrise Capital ApS with 25% and Rosmarin Capital ApS with 25%.

Sunrise Capital ApS and Rosmarin Capital ApS are 99% owned by Mads Kjær’s two sons Karl Kristian Kjær and Hans-Emil Kjær. Their acquisition of 2*25% ownership to shares in Kjaer Group was made in 2023 as a first step in a generation change.