OTHERS Proposed Renewal of Share Buy-back Authority

By October 13, 2017 Bursa 2017

Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 13 Oct 2017
Category: General Announcement for PLC
Reference Number: GA1-11102017-00023

Type: Announcement
Subject: OTHERS
Description: Proposed Renewal of Share Buy-back Authority

The Board of Directors of Kobay Technology Bhd. (“Kobay” or ‘the Company”) proposes to seek authorization from the shareholders of the Company for the proposed renewal of share buy-back authority (referred to as “the proposal”) at the forthcoming Twenty-Third (23rd) Annual General Meeting (“AGM”) to be convened.

The present mandate for the share buy-back authority which was granted by the shareholders of the Company at its 22nd AGM held on 14 December 2016 shall, subject to renewal, expire at the conclusion of the forthcoming AGM.

Share Buy-back Statement to Shareholders setting out the details of the proposal will be dispatched to the shareholders in due course.

This announcement is dated 13 October 2017.

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