Pursuant to Chapter 9.04(e) of the Listing Requirements, the Board of Directors of Kobay Technology Bhd. [Registration No. 199401022600 (308279-A)] ("Kobay")  wishes to announce that on 3 April 2024,  Avelon Healthcare Sdn. Bhd. [Registration No. 201301020687(1050517-A)], a 70% owned subsidiary company of Kobay, have accepted banking facilities amounting to RM21,000,000-00 offered by Messrs. CIMB Islamic Bank Berhad with provision of corporate guarantee by Kobay amounting to RM21,000,000-00.

For further details, kindly refer to the attachment.

This announcement is dated 3 April 2023.