The Board of Directors of Bonia (“Board”) wishes to announce that it has on even date received a Notice of Take-Over Offer (“Notice”) from AmInvestment Bank Berhad, on behalf of Freeway Team Sdn Bhd, Chiang Sang Sem and Chiang Fong Yee (collectively the “Joint Offerors”), in respect of the Joint Offerors’ obligation to extend an unconditional mandatory take-over offer to acquire all the remaining 100,448,526 ordinary shares of RM0.50 each in Bonia (“Bonia Shares”) (“Offer Share(s)”) representing approximately 49.83% of the issued and paid-up share capital of Bonia, which are not already owned by the Joint Offerors and the persons acting in concert (“PACs”) with them for a cash offer price of RM2.04 per Offer Share (“MGO”).

The Board has deliberated on the MGO and wishes to announce that the Board does not intend to seek an alternative offer for the Bonia Shares as the Joint Offerors and the PACs with them hold more than 50% of the issued and paid-up share capital of Bonia.

In accordance with the Malaysian Code on Take-Overs and Mergers 2010, the Board will appoint an Independent Adviser to advise the non-interested directors and non-interested shareholders of Bonia in relation to the MGO.

A copy of the Notice is attached herewith and will be posted to the shareholders of Bonia within seven (7) days of its receipt.

This announcement is dated 28 August 2012.