Pursuant to Paragraph 8.23(2)(e) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Kobay Technology Bhd (“Kobay”) wishes to announce the aggregate amount of financial assistance provided by its wholly-owned subsidiary, Kewjaya Sdn Bhd (Co. No. 576802-P) (“Kewjaya”), for the fourth quarter of financial year ended 30 June 2020, as set out in the annexure.

The Financial Assistance provided was in the ordinary course of business of Kewjaya as a licensed moneylender.

The Financial Assistance provided does not have any material effect on the earning per share, net assets per share and gearing of Kobay and its subsidiaries.

This announcement is dated July 7, 2020