The Board of Directors of Bonia Corporation Berhad (“Bonia” or the “Company”) wishes to announce that its wholly-owned subsidiary, Active World Pte Ltd had on 10 June 2013 entered into a Joint Venture Agreement (“JVA”) with Bruno Magli S.P.A. in respect of:-

i. the establishment of a joint venture company limited by shares under the Singapore Companies Act named Bruno Magli South East Asia Pte Ltd (“BMSEA”) for the purpose of the sale (wholesale and retail) and marketing of Bruno Magli S.P.A.’s products under the trade name “Bruno Magli” in Singapore, Malaysia, Indonesia, Philippines, Vietnam and Thailand (“JV business”); and

ii. the regulation of their respective responsibilities towards the management of the JV business and the affair of BMSEA.