General Announcement::Koyo Engineering Awarded Approximately S$8.3 million Mechanical & Electrical Engineering Contract

KOYO INTERNATIONAL LIMITED

Registration No. 200100075E

(Incorporated in Singapore)

KOYO ENGINEERING AWARDED APPROXIMATELY S$8.3 MILLION WORTH OF MECHANICAL AND ELECTRICAL ENGINEERING CONTRACT

Koyo International Limited ("Company") and together with its subsidiaries, collectively known as the "Group") is pleased to announce that its wholly owned subsidiary, Koyo Engineering (S.E. Asia) Pte. Ltd. ("Koyo Engineering") has been awarded a contract by an independent third party for the provision of mechanical and electrical engineering services ("Contract").

The Contract is worth approximately S$8.3 million and shall commence in October 2021 for a contract period of up to 19 months. As at the date of this announcement, the Group's current order books amounts to S$134 million and the contracts on hand have completion dates ranging from financial years 2021 to 2026.

Financial Impact to the Group

The Contract is not expected to have any material impact on the earnings of the Group for the financial year ending 31 December 2021.

Interests of Directors and Substantial Shareholders

None of the Directors or substantial shareholders has any interest, direct or indirect, in the Contract, other than through their shareholding interests in the Company.

By Order of the Board

Foo Suay Wei

Executive Director

5 October 2021

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. ("Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited ("Exchange") and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Lim Hui Ling, 16 Collyer Quay, #10-00 Income at Raffles Singapore 049318, [e-mail].