The Board of Directors of Bonia Corporation Berhad ("the Company") wishes to inform that the wholly-owned subsidiary of the Company, CRG Incorporated Sdn Bhd had on 29 November 2011 incorporated a wholly-owned subsidiary in Malaysia known as CRI SDN BHD ("CRI").

The current authorised share capital of CRI is RM100,000 comprising of 100,000 ordinary shares of RM1.00 each, of which 2 ordinary shares have been issued and fully paid-up.

The intended principal activities of CRI are marketing, distribution and export of fashionable goods and accessories.

The incorporation of CRI has no material effect on the earnings per share, net tangible assets per share, share capital and the substantial shareholdings of the Company for the financial year ending 30 June 2012.

None of the Directors and major shareholders or persons connected to the Directors or major shareholders of the Company and its subsidiaries have any interest, direct or indirect, in the incorporation of CRI.

This announcement is dated 30 November 2011.