Joint Venture Agreement Bursa Announcement

Geme der zus-tzlichen Ank-ndigung vom 3. January 2020 On behalf of Vivocom`s Board of Directors, UOBKH wishes to clarify that item 1 of the above opinion must be read as follows (in reference to the points highlighted): – The termination is due to the fact that T12A is unable to obtain the authorisation of the competent authorities to redirect the river flow within the developing country, for which the owners acknowledged that both parties agreed that the AIC proposal is not possible in the territory of the developing country. The two parties therefore agreed to terminate the AIC on 30 May 2019. We refer to your company`s announcement on December 30, 2019 regarding the above issue. In this context, you are kind enough to provide Bursa Securities with the following additional information to publish:- It refers to the announcements made on December 30, 2019 and January 3, 2020 regarding the proposals. Referring to the May 16, 2013 communication regarding the reference number: KT-130516-57893, the Board of Directors of Kobay Technology Bhd. («Kobay» or «the Company») wishes to announce that on May 30, 2019 The 12 Avenues Sdn. Bhd. (company no: 1027688-A) («T12A»), the 70% subsidiary of Kobay Technology Bhd. («Kobay» or «the company») has agreed to Mr. P. Doraisamy A/L Gopal (NRIC: 05136631) and Mr.

Sudhakaran A/L Gopalan (NRIC 7873309). (hereafter referred to as «owners»), who is the owner of the Joint Enterprise Agreement (JVA) concluded between T12A and its owners on May 16, 2013 to terminate the development of all lands under Geran Mukim Lot 244. Tempat Sungai Renggam, Mukim Damansara, Daerah Petaling, Negeri Selangor Darul Ehsan with about 0.5435 hectares, or 58,501,893 square meters («the developing country»). The terms used have, unless otherwise stated, the same meaning as those defined in the previous opinions with respect to the proposals. Any funding shortfall of 20 million.RM for the development costs of the project promised above is financed by the Vivocom Group through funds and/or bank loans generated in-house. At the end of the AIC, both parties must fully complete all the tasks, pacts and commitments of the AIC and have no claims against each other. . 1) The total cost of developing the project, including the commitment of the VESB; and if there is a deficit, how is the deficit financed? 2) The project`s expected completion date. 3) The estimated gross change value for the project. Company Name: KOBAY TECHNOLOGY BERHAD Company Name: KOBAY Date Announced: May 31, 2019 Category: General Announcement for PLC Reference: GA1-31052019-00089 Type: Announcement Subject: OTHER Description: Joint Venture Accord concluded by 70% subsidiary Cc: Market Surveillance Dept.