The Board of Directors of Bonia Corporation Berhad ("Bonia" or “Company” or “Vendor”, and references to “Bonia Group” or “Group” are to Bonia and our subsidiaries) wishes to inform that the Company had on 21 June 2023, inked a conditional Share Sale Agreement (“SSA” or “Agreement”) with a related party, Remarkable Success Sdn. Bhd. (“RSSB” or “Purchaser”) to dispose 30% of our equity interest (equivalent to 60,298,537 ordinary shares in issue of SBG, “Sale Shares”) held in SBG Holdings Sdn. Bhd. (“SBG”, a wholly-owned subsidiary of Bonia, and references to “SBG Group” is to SBG and its subsidiaries) to RSSB at a disposal consideration of RM17,597,330.00 (“Disposal Consideration”) to be satisfied entirely in cash (collectively, “Disposal”).

Please refer to the attachment for the full text of this announcement including, but not limited to, the details of the Disposal.

This announcement is dated 21 June 2023.