The Board of Directors of Bonia Corporation Berhad (“BCB”) wishes to announce that, Casa Bologna Sdn. Bhd. (“CBSB” or “Purchaser”, a subsidiary) has on 17 August 2020, inked a Sale and Purchase Agreement (“SPA” or “Agreement”) with Capital Land Sdn. Bhd. (“CLSB” or “Vendor”) to acquire 2 pieces of land held under issue documents of title with the following particulars (collectively, “Lands”) from CLSB at a total purchase price of RM49,351,830.00 (“Purchase Price”) (collectively, “Acquisition”):

• Land1 or Lot 510 - all that piece of freehold land held under Geran 34325, Lot 510 Seksyen 67, Bandar Kuala Lumpur, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur measuring approximately 1606.044 square metres in area and bearing postal address known as Lot 510, Seksyen 067, Jalan Bukit Bintang, 55100 WP Kuala Lumpur together with a building(s) erected thereon (age of building – 7 years) currently being tenanted to Paris RCG Sdn. Bhd. (“PRCG”, 30%-owned associate company of BCB, a restaurant operator and is providing management of food and beverage services at its business address located at Lot 510); and
• Land2 or PT 133 - all that piece of freehold land held under H.S. (D) 119062, PT 133 Seksyen 67, Bandar Kuala Lumpur, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur measuring 478 square metres in area and bearing postal address PT133, Seksyen 067, Jalan Delima, 55100 WP Kuala Lumpur.

Please refer to the attachment for the full text of this announcement including, but not limited to, the details of the Acquisition.

This announcement is dated 18 August 2020.