The Board of Directors of Kobay Technology Bhd. ("Kobay") wishes to announce that its wholly owned subsidiary, Kobay UA Sdn. Bhd. [Registration No. 201801046422 (1308454-A)] has changed its nature of business from assets management to contract manufacturer and electronic manufacturing service provider for various industries. This will enable the Company leverage onto Kobay Group's capability in mechanical and electronic manufacturing, ascend the value chain into artificial intelligent industries.

This announcement is dated 12 February 2025.