Bonia Corporation Berhad (“Bonia” or “Company”) wishes to inform that Scarpa Marketing Sdn. Bhd. (“SMSB”), a wholly-owned dormant subsidiary of the Company, has been placed under members’ voluntary winding-up on 21 June 2018, and the acknowledgement receipt of the Notice of Resolution on Members’ Voluntary Winding up by Suruhanjaya Syarikat Malaysia, was received by the Company on 25 June 2018.

The original cost of investment of Bonia in SMSB is RM1,500,000. The voluntary winding-up of SMSB is part of Bonia’s continued initiative to eliminate unnecessary administrative costs in maintaining dormant subsidiaries. The voluntary winding-up is not expected to have any material effect on the earnings or net assets of the Bonia Group for the financial year ending 30 June 2018.

None of the Directors or major shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the voluntary winding-up of SMSB and no approval of shareholders is required.

This announcement is dated 25 June 2018.