Pursuant to Paragraph 9.19(15) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Kobay Technologies Bhd. ("Kobay" or "the Company") wishes to announce that the Company had received a notice in writing dated 15 March 2023  from Messrs. Crowe Malaysia PLT (“Crowe”) of their resignation as the Auditors of the Company pursuant to Section 281 of the Companies Act, 2016.

Crowe was re-appointed as the Auditors of the Company at the 28th Annual General Meeting ("AGM") of the Company held on 30 November 2022 to hold office until the conclusion of the next AGM of the Company. The resignation of Crowe is on a voluntary basis. The Board is not aware of any matters that need to be brought to the attention of the shareholders of the Company.

With Audit and Risk Management Committee's recommendation, the Board has approved to appoint Messrs BDO PLT after assessing their independence, capabilities, audit team and proposed audit fees for financial year ending 30 June 2023 in place of Crowe subject to the Company receiving the written consent to act as Auditors of the Company from BDO pursuant to Section 264(5) of the Companies Act, 2016.

Further announcement will be made by the Company once the written consent to act has been received.

This announcement is dated 17 March 2023.