Bonia Corporation Berhad (“Bonia” or “Company”) wishes to inform that an application to strike off SBLS Pte. Ltd. (“SBLS”), a wholly-owned subsidiary company of Active World Pte Ltd (“AWPL”), which in turn is a direct wholly-owned subsidiary of Bonia from the register of the Accounting and Corporate Regulatory Authority (ACRA) Singapore was submitted on 21 May 2020 via ACRA portal and the Acknowledgement of the said application issued by ACRA was received by AWPL on the even date.

SBLS was incorporated on 16 March 2009 in Singapore with its paid-up capital of SGD200,000.00 and has ceased its business activities on 01 July 2016. The striking off of SBLS is part of Bonia’s continued initiative to eliminate unnecessary administrative costs in maintaining dormant subsidiaries, and it is not expected to have any material effects on the earnings or net assets of Bonia Group for the financial year ending 30 June 2020.

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 striking off of SBLS.

This announcement is dated 22 May 2020.