The Board of Directors of Bonia Corporation Berhad ("the Company") wishes to inform that Lianbee-Jeco (M) Sdn Bhd, which is ultimately wholly-owned by Jeco (Pte) Limited,  and in turn a 70% owned subsidiary of the Company had on 9 April 2012 incorporated a wholly-owned subsidiary in Malaysia known as LBJR MARKETING SDN BHD ("LBJR").

Consequent thereupon, LBJR became ultimately wholly-owned by Jeco (Pte) Limited and hence, a subsidiary of the Company.

The current authorised share capital of LBJR is RM100,000 comprising of 100,000 ordinary shares of RM1.00 each, of which 2 ordinary shares have been issued and fully paid-up.

The intended principal activities of LBJR are retailing, marketing, distribution and export of fashionable goods and accessories.

The incorporation of LBJR has no material effect on the earnings per share, net tangible assets per share, share capital and the substantial shareholdings of the Company for the financial year ending 30 June 2012.

None of the Directors and major shareholders or persons connected to the Directors or major shareholders of the Company and its subsidiaries have any interest, direct or indirect, in the incorporation of LBJR.

This announcement is dated 18 April 2012.