The Board of Directors of Bonia Corporation Berhad (“Bonia” or “Company”) wishes to announce that the Company, had on 6 May 2014 incorporated a wholly-owned subsidiary in Malaysia known as Podium Retail Sdn Bhd (“PRSB”) and the Certificate of Incorporation was received from Suruhanjaya Syarikat Malaysia on 6 May 2014.

PRSB is incorporated with an authorised capital of RM400,000 divided into 400,000 ordinary shares of RM1.00 each, of which 4 ordinary shares have been issued and fully paid-up. The intended principal activity of PRSB is to carry on all kinds of businesses and services in relation to supply, retailing and dealing of fashionable goods, accessories and beauty products.

The incorporation of PRSB 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 2014.

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 7 May 2014.