Bonia Corporation Berhad (“Bonia” or “Company”) wishes to inform that an application to strike off Bruno Magli South East Asia Pte Ltd (“BMS”), a 70%-owned subsidiary company of Active World Pte Ltd, which in turn is a direct wholly-owned subsidiary of Bonia from the register of the Accounting and Corporate Regulatory Authority (ACRA) Singapore was submitted and approved by ACRA on 12 July 2017 via ACRA portal.

BMS was incorporated on 6 June 2013 in Singapore with an initial paid-up capital of SGD10.00 and has ceased its business activities on 1 September 2015. The striking off of BMS is not expected to have any material effects on the earnings or net assets of Bonia Group for the financial year ending 30 June 2018.

None of the Directors and to the best knowledge of the Directors, none of the major shareholders or person connected to them has any interest, direct or indirect in the striking off of BMS.

This announcement is dated 13 July 2017.