The Board of Directors of Bonia wishes to inform that Daily Frontier Sdn Bhd (“DFSB”), a wholly-owned subsidiary of the Company, has received the electronic archives of the Italian Register of Companies confirming its acquisition of 100% of the quota capital of Bonia Italia Srl (“BIS”) amounting to EUR2,500 from the hands of Mr De Franceschi Gaetano and Mr Matons Augusto Francisco, for an aggregate consideration of EUR1.00 (“Acquisition”) as follow:-

Consequent to the Acquisition, BIS has become a wholly-owned subsidiary of DFSB. BIS was incorporated in Italy with a nominal quota capital of EUR10,000 and is intended to engage in product development, marketing, promotion and design (“R&D”). The rationale for the Acquisition is to expand the Company’s R&D capabilities and production base.

The Acquisition was 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 2015. The Company will provide further updates when there is any material development.

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 Acquisition.

This announcement is dated 17 October 2014.