Bonia Corporation Berhad (“Bonia” or “Company”, and references to “Bonia Group” or “Group” are to Bonia and our subsidiaries) wishes to inform that: (i) SBA Marketing Sdn. Bhd. (“SBA”), and (ii) SBM Marketing Sdn. Bhd. (“SBM”), both are wholly-owned dormant subsidiaries of SBG Holdings Sdn. Bhd. (“SBG”) which in turn is a 70%-owned subsidiary of the Company, have been placed under members’ voluntary winding-up on 16 April 2025, and the acknowledgement receipt of the Notices of Resolution on Members’ Voluntary Winding up by Suruhanjaya Syarikat Malaysia, were received by the Company on 21 April 2025.

The original cost of investment of SBG in SBA and SBM are RM100,000 and RM400,000 respectively. The voluntary winding-up of SBA and SBM are part of the Group’s continued initiative to eliminate unnecessary administrative costs in maintaining dormant subsidiaries. The voluntary winding-up are not expected to have any material effect on the earnings or net assets of Bonia Group for the financial year ending 30 June 2025. Barring any unforeseen circumstances, the voluntary winding-up process will take approximately 12 months to complete.

None of the Directors or major shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the voluntary winding-up of SBA and SBM, and no approvals of shareholders are required.

This announcement is dated 21 April 2025.