The Board of Directors of Bonia Corporation Berhad ("Bonia" or "the Company") wishes to announce that it has been informed by Chiang Sang Sem (“CSS”) which is Bonia’s Group Executive Chairman cum Chief Executive Officer that he is in discussion with several parties to acquire certain stakes in Bonia (“Potential Acquisition”). The indicative price for the Potential Acquisition is in the range of RM1.80 to RM2.00 per share.

The Potential Acquisition, when completed, would result in CSS and his family collectively holding more than 50%. CSS together with his family would then be obliged to extend a mandatory general offer to acquire the remaining shares in Bonia at the same price as the Potential Acquisition.

Please also be informed that should there be an offer, at this juncture, it is their intention to maintain the listing status of Bonia on Bursa Malaysia Securities Berhad (“Bursa Securities”). Their intention will be firmed up upon completion of the Potential Acquisition.

CSS will inform Bonia should he enter into agreement for the Potential Acquisition.
Bonia will inform Bursa Securities of any further communications from CSS.

This announcement is dated 24 August 2012.

cc. Securities Commission