The Board of Directors of Bonia Corporation Berhad (“BCB”) wishes to announce that a Sale and Purchase Agreement (“SPA” or “Agreement”) has been executed between Jeco (Pte) Limited (70% owned subsidiary of BCB) and Helgo Neugebauer on 29 January 2016 for the acquisition of 100 ordinary shares representing 100% of the equity interest in IBB Pte Ltd (“Sale Shares”) for a cash consideration of SGD6,000,000 (equivalent to RM17,512,200) (collectively, “Acquisition”).

Please refer to the attachment for further details.