The board of directors of Kingsley Edugroup Limited announced that on 18 January 2019, Tan Sri Dato' Sri Goh Ming Choon ("Tan Sri Barry Goh") (the Lender), a controlling shareholder and an executive Director of the Company, entered into a loan agreement (the loan agreement) with the Company, pursuant to which the lender agreed to grant a 5 years loan facility to the Company in the principal amount of up to MYR 14,630,000 at no interest (with lender's right to demand earlier repayment) for the purpose of repaying debts when they fall due. To the best knowledge of the Directors having made all reasonable enquiries, the Lender, who is a Director and a controlling shareholder of the Company who is deemed, pursuant to Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), to be interested in 496,000,000 shares of the Company (Shares) held by Star Shine Finance Limited, representing 62% of the total issued share capital of the Company.