The Board of Directors of Bonia Corporation Berhad (“BCB” or “Company”) wishes to inform that its wholly-owned subsidiary, Luxury Parade Sdn. Bhd. (“LPSB” or “Vendor”), had on 27 December 2018 entered into separate Sale and Purchase Agreements (respectively, “SPA1”, “SPA2” or collectively, “SPAs” or “Agreements”) with a related party, Future Diversity Sdn. Bhd. (“FDSB” or “Purchaser”) for the disposal of the following properties (collectively, “Properties”) to FDSB for a total cash consideration of RM3,600,000 (“Disposal Price”) (collectively, “Disposal”):

·          Property1 – All that leasehold property held under H.S.(D) 72947 PT No. 3865 Mukim Petaling Daerah Kuala Lumpur Negeri Wilayah Persekutuan KL measuring approximately 178 square metres together with a 6-storey shop/office erected thereon with a postal address of No.3, Jalan 8/146 (also known as Jalan Tasik Selatan 8), Bandar Tasik Selatan, 57000 Kuala Lumpur, as detailed in SPA1, and

·          Property2 - All that leasehold property held under H.S.(D) 72948 PT No. 3866 Mukim Petaling Daerah Kuala Lumpur Negeri Wilayah Persekutuan KL measuring approximately 178 square metres together with a 6-storey shop/office erected thereon with a postal address of No.5, Jalan 8/146 (also known as Jalan Tasik Selatan 8), Bandar Tasik Selatan, 57000 Kuala Lumpur, as detailed in SPA2.

Please refer to the attachment for further details.