The Board of Directors of Bonia Corporation Berhad (“the Company”) wishes to announce that the Company, had on 26 November 2012 incorporated a wholly-owned subsidiary in Malaysia known as SBG Holdings Sdn Bhd (“SBG”) and the Certificate of Incorporation was received from Suruhanjaya Syarikat Malaysia on 27 November 2012.

SBG is incorporated with an authorised capital of RM25,000,000 divided into 25,000,000 ordinary shares of RM1.00 each, of which 2 ordinary shares have been issued and fully paid-up.

The intended business activities of SBG are investment holdings and import, export, wholesale, retailing and distribution of fashionable products, accessories and cosmetics.

The incorporation of SBG is funded by internal resources and is not expected to have any material effects on the earnings or net assets of the Company for the financial year ending 30 June 2013.

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 aforesaid incorporation.

This announcement is dated 27 November 2012.