AYO TECHNOLOGY SOLUTIONS LIMITED - Notice of Delay in Publication of Audited Annual Financial Statements

Notice of Delay in Publication of Audited Annual Financial Statements

AYO TECHNOLOGY SOLUTIONS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1996/014461/06
JSE share code: AYO
ISIN: ZAE000252441
Listed on the General Segment of the Main Board
("AYO" or "the Company")


NOTICE OF DELAY IN PUBLICATION OF AUDITED ANNUAL FINANCIAL STATEMENTS


Shareholders are referred to the announcement released on the Stock Exchange News
Service of the JSE Limited ("JSE") on 15 January 2024 and are advised that the release
of AYO's financial results for the year ended 31 August 2024 ("Financial Results") will
not take place on or about 31 January 2025 due to delays in the finalisation of the audit
of the Financial Results. The reasons for the delays include:

1.   the resignation of AYO's joint external auditor, Thawt Inc, on 30 October 2024
     which caused unavoidable disruptions to the audit process;

2.   the appointment of AYO's new Chief Financial Officer, on 1 December 2024 which
     called for additional time for assurance over financial reporting; and

3.   the completion of the External Quality Review process, which necessitates
     additional time for thoroughness and quality assurances, which our auditors,
     Crowe JHB Inc, are committed to completing.

AYO acknowledges that it has been unable to release its Financial Results within the
prescribed period stipulated in the JSE Listings Requirements. AYO has proactively
engaged with the JSE and given assurance of the Board's commitment to its compliance
with the JSE Listings Requirements, and remains committed to publishing complete
and accurate Financial Results.

It is anticipated the Financial Results will be released on or about 14 February 2025.


Cape Town
31 January 2025

Joint Sponsor
Vunani Sponsor

Joint Sponsor
Merchantec Capital

Date: 31-01-2025 09:00:00
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