Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Company’s announcement dated 25 February 2021 (Reference Number: GA1-25022021-00178) in relation to the Proposals.

Further to the Company’s announcement dated 25 February 2021 in relation to the Proposals, Bonia wishes to inform that the Proposed Disposal has been completed on 19 April 2021, and SBD became a wholly-owned subsidiary of SBG on the even date.

The Proposed Disposal involved a disposal by Dominion Directions Sdn. Bhd. (“DDSB”) of its 100% equity interest (equivalent to 500,000 ordinary shares, together with all voting, dividend and other rights and benefits attaching or accruing thereto) held in SBD, to SBG for a disposal consideration of RM1 only. The original cost of investment of DDSB in SBD was RM500,000. SBD reported a loss for the financial year of RM822,617, and a capital deficiency of RM196,490 in its Audited Financial Statements for the financial year ended 30 June 2020.

The Proposed Disposal is not expected to have any material effect on the earnings or net assets of Bonia Group for the financial year ending 30 June 2021.

This announcement is dated 20 April 2021.