2016ANNUAL REPORT

CONTENTs001CorporateProfile

014 Corporate Diary

021 Corporate Social Responsibility Activities

026 Group FinancialHighlights

030 Chairman’sStatement

034 主席献词

065 Report of the Audit& Risk Management Committee

069 Statement on Risk Management &Internal Control

074Directors’ Responsibility Statement

075 FinancialStatements

183 List of Properties

189 Analysis of Shareholdings

192Notice of 25th

Annual GeneralMeeting

195 StatementAccompanyingNotice of 25th Annual General Meeting

Form of Proxy

038 PenyataPengerusi

045 Corporate Information

046 CorporateStructure

048 Profile of Directors

052 Profile of Key SeniorManagement

057 Statement onCorporateGovernance

BONIACORPORATION BERHADBonia Group was founded in 1974 by the Group’s Executive

Chairman, Mr. Chiang Sang Sem, as a business involved in

designing and manufacturing of leather goods for wholesale in

Singapore. In 1977, Mr Chiang attended a leather trade fair in

Europe and was inspired by the artwork of a 16th century sculptor

named Giambologna. He subsequently registered BONIA as a

brand name and launched products under the brand in Malaysia

market in 1978. BONIA opened its first boutique in Singapore in

1981, followed by its first boutique in Malaysia in 1988. In 1990,

it ventured beyond its core markets of Malaysia and Singapore to

expand to Indonesia, Hong Kong, Brunei and Taiwan. It further

expanded to the markets of Vietnam, Japan, Thailand, China and

Saudi Arabia in the year 2000, 2003, 2005 and 2007 respectively.

In addition to its flagship fashion label BONIA, the Group has

successfully developed two other in-house brands, namely

SEMBONIA and CARLO RINO and co-owned the renowned

Germany brand BRAUN BüFFEL through its acquisition of 70%

equity stake in Jeco (Pte) Ltd since December 2010. The Group

also holds the license to distribute renowned international brands

such as Santa Barbara Polo & Racquet Club, Valentino Rudy, The

Saville Row Company, Pierre Cardin and Renoma.

Today, the Group owned more than 1,200 sales outlets and 185

standalone boutiques throughout the world, including countries

such as Singapore, Malaysia, China, Taiwan, Japan, Vietnam,

Thailand, Cambodia, Myanmar, Indonesia, Brunei, Phillipines,

Australia, Hong Kong, Kuwait and Saudi Arabia. The Group

engages in product design, manufacture, promotion, marketing,

distribution, wholesale, and retail of luxury leatherwear, footwear,

apparel, accessories and eyewear, for both men and women

under its in house brands as well as other international licensed

brands. The Group is also involved in investment, development,

management and rental of commercial properties and

management of food and beverage services.

The Group strives to increase brand recognition and accelerate

expansion plans on its in-house and co-owned brands by

introducing new line of products, not only in Malaysia but also

other regional markets. The Group’s focus is to expand in overseas

markets by leveraging on existing network as well as venturing in

new markets in the coming years.

CONTENTs001CorporateProfile

014 Corporate Diary

021 Corporate Social Responsibility Activities

026 Group FinancialHighlights

030 Chairman’sStatement

034 主席献词

065 Report of the Audit& Risk Management Committee

069 Statement on Risk Management &Internal Control

074Directors’ Responsibility Statement

075 FinancialStatements

183 List of Properties

189 Analysis of Shareholdings

192Notice of 25th

Annual GeneralMeeting

195 StatementAccompanyingNotice of 25th Annual General Meeting

Form of Proxy

038 PenyataPengerusi

045 Corporate Information

046 CorporateStructure

048 Profile of Directors

052 Profile of Key SeniorManagement

057 Statement onCorporateGovernance

BONIACORPORATION BERHADBonia Group was founded in 1974 by the Group’s Executive

Chairman, Mr. Chiang Sang Sem, as a business involved in

designing and manufacturing of leather goods for wholesale in

Singapore. In 1977, Mr Chiang attended a leather trade fair in

Europe and was inspired by the artwork of a 16th century sculptor

named Giambologna. He subsequently registered BONIA as a

brand name and launched products under the brand in Malaysia

market in 1978. BONIA opened its first boutique in Singapore in

1981, followed by its first boutique in Malaysia in 1988. In 1990,

it ventured beyond its core markets of Malaysia and Singapore to

expand to Indonesia, Hong Kong, Brunei and Taiwan. It further

expanded to the markets of Vietnam, Japan, Thailand, China and

Saudi Arabia in the year 2000, 2003, 2005 and 2007 respectively.

In addition to its flagship fashion label BONIA, the Group has

successfully developed two other in-house brands, namely

SEMBONIA and CARLO RINO and co-owned the renowned

Germany brand BRAUN BüFFEL through its acquisition of 70%

equity stake in Jeco (Pte) Ltd since December 2010. The Group

also holds the license to distribute renowned international brands

such as Santa Barbara Polo & Racquet Club, Valentino Rudy, The

Saville Row Company, Pierre Cardin and Renoma.

Today, the Group owned more than 1,200 sales outlets and 185

standalone boutiques throughout the world, including countries

such as Singapore, Malaysia, China, Taiwan, Japan, Vietnam,

Thailand, Cambodia, Myanmar, Indonesia, Brunei, Phillipines,

Australia, Hong Kong, Kuwait and Saudi Arabia. The Group

engages in product design, manufacture, promotion, marketing,

distribution, wholesale, and retail of luxury leatherwear, footwear,

apparel, accessories and eyewear, for both men and women

under its in house brands as well as other international licensed

brands. The Group is also involved in investment, development,

management and rental of commercial properties and

management of food and beverage services.

The Group strives to increase brand recognition and accelerate

expansion plans on its in-house and co-owned brands by

introducing new line of products, not only in Malaysia but also

other regional markets. The Group’s focus is to expand in overseas

markets by leveraging on existing network as well as venturing in

new markets in the coming years.

11ANNUAL REPORT 2016

12 ANNUAL REPORT 2016

13ANNUAL REPORT 2016

CORPORATE DIARy

14 ANNUAL REPORT 2016

15ANNUAL REPORT 2016

14 ANNUAL REPORT 2016

CORPORATE DIARy

sEmBONIA WITH PINk OCTOBER FAsHION WEEk

3 October 2015, Malaysia – In conjunction with launch of International

Breast Cancer Awareness at Alamanda Putrajaya Mall, Sembonia

participated in the Pink October Fashion Week, showcasing its

charming Spring/Summer 2016 collection to the shoppers and visitors

while supporting the meaningful campaign.

02

BONIA IN mALAysIA FAsHION WEEk

5 November 2015, Malaysia- BONIA showcased its Spring/Summer 2016 collection that tells the legend of Picasso and meets the perfect balance of sophistication with a whiff of fun at the 2nd edition of Malaysia Fashion Week, attracting groups of media and consumers. BONIA was also presented with the Exhibitor of the Year 2015 award by Mercedes-Benz STYLO Asia Fashion Week for its ingenuous portable booth at FACIT@INTRADE. Presenting its Sonia collection and Sophia leather goods as well as men’s bags, footwear and timepieces, its booth has won the attention of thousands.

03

CARLO RINO WITH PINk OCTOBER FAsHION WEEk

2 October 2015, Malaysia – Carlo Rino participated in the Pink

October Fashion Week, an event organised by Alamanda Putrajaya

Mall and National Cancer Council Malaysia, to be a part of bringing

awareness of breast cancer and to celebrate life with the survivors

through a showcase of its collections.

01

CARLO RINO WITH mALAysIA FAsHION WEEk

November 2015 – Carlo Rino was a part of Malaysia’s Fashion Week

2015, an annual event held at MATRADE Exhibition and Convention

Centre. Showcasing its 2016 collection on the runway of Malaysia

Fashion Week as well as exhibiting the collection at INTRADE, Carlo

Rino captured the attention of local and international attendees.

04

15ANNUAL REPORT 2016

CORPORATE DIARy

EH! sEmBONIA!

9 December 2015, Malaysia – Collaborated with EH! Magazine, Sembonia made its appearance at EH! Top 20, an event held at Aloft Kuala Lumpur and which featured numbers of local celebrities and attended by the loyal readers of EH! Magazine. Offering a special-made trendy photo booth and its fashion items to the winners of the games, Sembonia captured the eyes of the attendances.

05

AWARDs FROm sELANgOR & kUALA LUmPUR sHOE INDUsTRy AssOCIATION

2 January 2016, Golden Dragon Restaurant Kuala Lumpur- Held at the elegant Golden Dragon Restaurant, BONIA was invited to attend the momentous award-giving ceremony of the prestigious 100th Anniversary Celebration and 8th Malaysia Footwear Design Competition (MFDC) 2015 that was attended by various innovators and bigwigs of local footwear industry. BONIA Group Managing Director, Datuk Albert Chiang was presented with Recognition Award and Platinum Sponsor Award by Selangor & Kuala Lumpur Shoe Industry Association in recognition of the RM 10,000 donation in kind support of the search for the most innovative designs and the next footwear maestro in Malaysia.

06

BEsT CUsTOmER sERvICE gOEs TO BONIA

27 January 2016, Penang- For the third consecutive time in a row, the votes are with BONIA Gurney

Paragon once again being awarded as the Best Customer Service Outlet by Hot Shop Awards 2015

which hosted by CapitaLand, the management of Gurney Plaza Shopping Mall which situated on the

famous Gurney Drive promenade. Drawing on the numerous feedback and votes from the tourists and

customers whom frequent the number one premier shopping mall in Penang, BONIA Gurney Paragon

is proud to receive this recognition and appreciation for three consecutive years of customer excellence

which wouldn’t have been possible without the hard work and dedication of our outlet personnel.

08

BONIA BOUTIqUE UNvEILED AT ANDALUs mALL

9 January 2016, Saudi Arabia – BONIA’s 1,134 square feet luxury retail boutique located in Andalus Mall, Jeddah opened its boutique for the fashion lovers to experience the contemporary creation of BONIA through its illustrious heritage, exquisite craftsmanship, top-notch customer service and bespoke ladies and men’s leather goods collection that is beloved by many.

BONIA Andalus Mall | G69, Ground Floor, Prince Majid Rd, Al-Fayha’a Dist Old Airport Area, Jeddah, Saudi Arabia.

07

16 ANNUAL REPORT 2016

CORPORATE DIARy

mEmBER’s APPRECIATION EvENT AT BONIA gURNEy PLAzA

10 April 2016, Malaysia – Penangites were captivated and entertained at the exclusive Members Appreciation Event at BONIA Gurney Plaza, officiated by Business Development Manager Geoffroy De Souza. Door gifts, the latest Spring/Summer 2016 Collection product launch, exclusive in-store promotions and lucky draw contests made the day a memorable one!

BONIA Gurney Plaza | Lot G47, Ground Floor, Plaza Persiaran Gurney Penang, 10250 Penang.

12

vALENTINO RUDy HITs THE sHELvEs OF AEON mALL sHAH ALAm

March 2016, Malaysia – The new and sophisticated fashion items of

Valentino Rudy are hitting the shelves at its newly opened boutique in

AEON Mall Shah Alam. Featuring contemporary apparel and shoes as

well as small leather goods for both ladies and gentlemen, Valentino

Rudy aims to bring its contemporary creations to the shoppers of this

vivacious mall.

10

BONIA mAkEs ITs DEBUT AT AEON mALL sHAH ALAm

10 March 2016, Malaysia – BONIA was given the red carpet treatment at Aeon Mall Shah Alam! Measuring at 2,554 square feet, the artfully designed store interior filled its wide space to showcase BONIA’s delightful and tantalising bespoke ladies’ and men’s leather bags and accessories, men’s apparel and timepieces.

BONIA AEON Mall Shah Alam | Lot G20, Ground Floor, AEON Mall Shah Alam , No. 1, Jalan Akuatik 13/64, Seksyen 13, 40100 Shah Alam, Selangor Darul Ehsan.

09

BRAUN BUFFEL mARINA BAy sANDs sINgAPORE FLAgsHIP BOUTIqUE OPENINg

5 April 2016, Singapore – Braun Büffel held its official opening party together with a private preview of the Fall/Winter 2016 Collection inspired by the Northern Lights, at the House’s new flagship boutique at The Shoppes at Marina Bay Sands. The flagship boutique is the House’s fifth store in Singapore and debuts a new interior design concept- a first in Braun Büffel stores worldwide.

The event was hosted by Managing Director of Braun Büffel Europe, Mrs. Christiane Brunk and General Manager of Braun Büffel Asia-Pacific, Ms. Audrey Liew and over 150 guests were in attendance.

11

17ANNUAL REPORT 2016

CORPORATE DIARy

BONIA’s FAsHIONABLE AFFAIR WITH “sPRINg INTO sTyLE” PAvILION kUALA LUmPUR

16 April 2016, Malaysia - Despite the gloomy weather, the Spring/Summer celebrations are still in full swing as BONIA marks a new beginning with Pavilion Kuala Lumpur’s fashion-forward “Spring Into Style” campaign. Featuring exclusive runway shows and enchanting live mannequin displays, the fashionable afternoon soiree was a success due to the huge turnout!

BONIA Pavilion Kuala Lumpur | Lot No. 3.1.06, Level 3, Pavilion Kuala Lumpur, 168 Jalan Bukit Bintang, Kuala Lumpur, 55100 Wilayah Persekutuan

13

A sPECTACULAR DAy AT mALAysIA OPTICAL FAIR 2016 kUALA LUmPUR

17 April 2016, Malaysia – Local and international optical traders

convened at Malaysian Optical Fair 2016 for the inauguration of

BONIA’s luxury designer eyewear range for ladies and men. With

recent eyewear trends taking the fashion world by storm, the distinctive

design, and functionality of BONIA’s eyewear range is a key accessory

that has a timeless style that frames the face.

15

BONIA TAkEs THE EAsT COAsT AT BONIA AEON mALL kOTA BHARU

28 April 2016, Malaysia – BONIA has yet another surprise for loyal fans who are located in Kota Bharu, Kelantan. Nestled in a spacious boutique measuring at 1,806 square feet, discover a tantalising collection of luxurious fashion pieces, ranging from bespoke ladies’ and men’s leather goods collection, leather accessories, luggage, men’s apparel and eyewear.

BONIA AEON Mall Kota Bharu | Lot G25 & G26, Ground Floor, AEON Mall Kota Bharu, Lembah Sireh, 15050 Kota Bharu, Kelantan.

16

A sTyLIsH ENCOUNTER AT “vOgUE FOR vIRTUE” qUEENsBAy mALL

16 April 2016, Malaysia – In an event that had Penangites attending

in full force, the contestants of the Vogue For Virtue Model Search And

Charity Fashion Show at Queensbay Mall showcased BONIA’s exquisite

bespoke collection of ladies’ and men’s leather goods collection and

men’s apparel down a contemporary, beautifully tailored runway

showcase.

14

18 ANNUAL REPORT 2016

CORPORATE DIARy

vIvE LE FAsHION AT vIvACITy mEgAmALL kUCHINg

30 April 2016, Malaysia – BONIA drove the crowd wild at Vivacity

Megamall, the heartbeat of fashion in sleepy Kuching, during the

megamall’s first Spring/Summer 2016 fashion show. Showcasing three

varied themes from ‘casual-cool’ to ‘business travel in style’ and finally,

‘sporty chic’, the fashion soiree showcased a delectable spread of

stylish ladies’ and men’s leather goods.

18

HAPPy 30TH BIRTHDAy, CARLO RINO!

April 2016 – In conjunction with its 30th Anniversary celebration,

Carlo Rino showcased its Whimsical Wonderland Collection through

a Live Mannequin Display at Mid Valley Megamall, on 15 April 2016,

which captivated the eyes of passersby. The merriment continued as

Carlo Rino held another celebration at IOI City Mall in conjunction

with the mall’s Fashion Week, filling the evening with fun, excitement,

entertainment and gifts for the media and its exclusive members.

19

A vOyAgE WITH vALENTINO RUDy

2 May 2016, Malaysia – Valentino Rudy hopped onto the spectacular

cruise of IOI City Mall! Set to sail in a nautical setting, Valentino

Rudy participated in ‘A Voyage of Style & Beauty’ Fashion Show and

captured the eyes of audiences with its contemporary apparel which

complemented its handbags and shoes for both ladies and gentlemen.

20

mEmBER’s APPRECIATION EvENT AT BONIA TRANs sTUDIO mALL BANDUNg

28 April 2016, Indonesia – Appreciation party has been hosted by BONIA

at BONIA Trans Studio Mall Bandung. Launching the new collections of

Spring/Summer 2016, in-store promotion and pre-order were also offered

to its members. Besides attractive door gifts, BONIA also rewarded its

lucky members with special prizes during the lucky draw.

17

19ANNUAL REPORT 2016

CORPORATE DIARy

sEmBONIA IN RAIN THE sqUALL CONCERT

21 May 2016, Malaysia – Sembonia sponsored The Squall concert,

featuring Rain, the arguably top Korean artist of all times. Held at

Genting The Arena Star, Sembonia made its appearance to thousands

audiences by presenting its name on the billboards and advertisements

of the concert, creating a higher awareness of the brand.

21

sEmBONIA IN sAmmI CHENg TOUCH mI CONCERT

27 May 2016, Malaysia – Sammi Cheng, the Hong Kong’s prominent

award winning Canto-pop diva, is set to grace the concert hall once

again; and Sembonia sponsored this lively concert. Held at Genting

The Arena Star, Sembonia presented its name to thousands of audiences

through the billboards and advertisements of the concert, bringing the

awareness of the brand to another level.

22

mEmBER’s APPRECIATION EvENT AT BONIA AEON mALL kOTA BHARU

4 June 2016, Malaysia – BONIA AEON Mall Kota Bharu hosted its first

ever Member’s Appreciation Event. VIPs and guests alike were treated

to a dazzling display of the Blossoms Collection which emphasised

a flower theme for matching ladies’ bags and shoes, two lucky draw

sessions, quizzes and interviews with door gifts and prizes and a light

spread of finger food.

23

sERIEs OF CELEBRATION AT BONIA TRANs sTUDIO mALL mAkAssAR

24 June 2016, Indonesia - A day after the grand opening of BONIA Trans Studio Mall Makassar with 1,065 square feet, BONIA showcased its most loved Sonia and Annelise collections to the Indonesian at Fashion Ramadhan Night which held at Trans Studio Mall Makassar, capturing the eyes of local fashionistas at once.

BONIA Trans Studio Mall Makassar | Ground Floor, Unit G.22 &26, Kawasan Terpadu Trans Studio Mall, Jl. Metro Tanjung Bunga Makassar, Kec. Makassar, Sulawesi Selatan, Indonesia.

24

20 ANNUAL REPORT 2016

CORPORATE DIARy

mIss TOURIsm sABAH X CARLO RINO!

July 2016 – In order to help promote Malaysia’s rich and diverse

heritage and to show its support towards the tourism industry, Carlo

Rino became a main sponsor of Miss Tourism Sabah 2016/17. Carlo

Rino offered its fashionable items to the contestants of the pageant. The

charismatic contestants captivated the eyes of the audiences with its

gorgeous collection.

25

BONIA “sTyLE mE” WEEk AT vIETNAm

12 August 2016, Vietnam – BONIA held the BONIA “Style Me” Week at BONIA Pop Up Store at

B1 Floor, Takashimaya, Ho Chi Minh City. The launch of newest Sonia Collection, attractive-yet-

exclusive promotion, artistic-and-beautiful portraits by Mr. Kim Mai, Thuyet and exciting-and-

fun selfie contest were held from 12 to 18 August 2016 in order to create an awareness of the

brand as well as to promote the privileges of BONIA Membership.

27

CARLO RINO ONLINE sHOP gONE gLOBAL!

July 2016 – Carlo Rino Online Shop has officially gone global! In order to meet the demands

of Carlo Rino lovers, Carlo Rino has provided an easier access to online trendsetters to shop

for its fashion items wherever they are, bringing the shopping experience to a whole other

level.

26

A FAsHIONABLy ELEgANT EvENINg WITH BONIA

24 September 2016, Indonesia – BONIA teamed its contemporary Autumn/Winter 2016/17 collection with the ready-to-wear, VONE by Ivonne Magdalena, presenting the complete elegant fashion to local fashionistas at Main Atrium, Ciputra World Surabaya. On behalf of BONIA, Kallista Yuda and Valen Amijo hosted the exclusive event for BONIA and Ciputra World Surabaya’s members at BONIA Ciputra World Surabaya, filling their evening fashionably with series of activities such as lucky draw, exclusive promotion, attractive door gifts as well as scrumptious canapé tasting.

28

21ANNUAL REPORT 2016

Our position as one of the leaders in designing, manufacturing, marketing and

distribution of fashionable leather goods and apparel brings with it many Corporate

Social Responsibilities (CSR). We believe that a firm commitment to CSR activities

forms the basis of good corporate citizenship and promotes good corporate

governance. The Group’s CSR activities during the financial year encompassed

the workplace, the community, the environment and the marketplace.

THE WORkPLACEWe value our people as the most important asset in helping us to attain the group’s objectives. With

a constantly growing workforce, it is imperative that we continue to invest in our staff to meet the

demands of our rapid progress. Our group provide equal opportunity of employment and professional

development to all of its employees, regardless of age, gender and ethnicity. Training programmes and

specialized courses are conducted regularly to upgrade the skills and improve the competency levels

of our employees. The group also promotes staff appreciation and recognition efforts such as long

service awards, appreciation dinners, festive gathering, family and sport events.

CORPORATE sOCIALREsPONsIBILITy ACTIvITIEs

kNOW sAFETy, NO FIRE

13 April 2016, Malaysia – The Group’s staff welfare club, Ikon Club

invited a professional orator from Kuala Lumpur to give a Fire Prevention

Talk for employees of Bonia Group. The talk shared about knowledge

of fire prevention such as the possibilities of fire causes and the correct

method of using fire extinguisher. The objective was to create awareness

among the employees about the importance of fire prevention.

TRAININg sEssION AT BONIA INDONEsIA

24 May 2016, Indonesia – The employees of BONIA including

merchandisers, marketing personnel and front liners attended to the

3-day training session, which led by the BONIA’s trainer, at BONIA

headquarter in Jakarta, Indonesia. The training session aims to improve

the product and leather care knowledge, brand’s value and service’s core

value, in order to bring a better shopping experience to the customer.

22 ANNUAL REPORT 2016

CORPORATE sOCIAL REsPONsIBILITy ACTIvITIEs

THE mARkETPLACEWe conduct our business with integrity,

transparency and professionalism. “Efficiency”

and “Effectiveness” are being emphasised in all

our activities. We maintain close relationship

with all our stakeholders. Information on the

group and on our products are made available to

our stakeholders in a timely manner to facilitate

their decision-making.

RETIREmENT sCHEmE TALk

21 June 2016, Malaysia – Ikon Club invited certified Financial Planner

Great Vision Group to hold a Personal Financial Planning and Private

Retirement Scheme (PRS) Talk for the Bonia Group’s employees. The

talk provides the employees with knowledge and information about

how PRS works to help individuals accumulate savings for retirement.

THE ENvIRONmENTThe group continues implementing environment

sustainability initiatives by practicing recycling

programs and make efforts to reduce the carbon

emissions, maximization of energy and water

efficiency in all the Group’s business processes.

ECO INITIATIvEsAs part of ‘Go Green’ strategy, all the air-conditioned offices in the Group adjusted the temperature from the standard 23°C to 25°C, reduce unnecessary printing, reduce quantity of lightings and using energy savings LED light bulbs, as well as incorporating low-flow water valves.

ECO PRODUCTsOne of the Group’s core brands BONIA took in the eco-friendly green leather, created the eco-elegant ‘Brianna’ collection and adopted the eco-friendly concept into its luxury brand. Green leather is made of high quality raw leather, natural oils and vegetable dyes.

23ANNUAL REPORT 2016

CORPORATE sOCIAL REsPONsIBILITy ACTIvITIEs

THE COmmUNITyWe care about our community and actively participate in the activities to help those in need.

LOvELy DAy IN THE ORPHANAgE

7 May 2016, Malaysia – Initiated by Ikon Club, 14 staffs from Bonia

Group embarked on a visit to an orphanage home named Rumah

Charis located in Puchong, Selangor. Bonia Group donated electrical

appliances to the orphanage home. The children enjoyed happy

breakfast with kids’ favorite McDonald’s Happy Meal. Interactive and

fun games were also held, creating a joyful day to the children.

A LIFEsAvINg ACTIvITy

6 June 2016, Malaysia – Blood donation activity was held at Ikon

Connaught on 6 June 2016, offering an opportunity for the employees

to help those in need and still, maintaining good health by donating

their bloods, which is a plus for the meaningful campaign. Organised

by Ikon Club, the activity was attended by 41 registered donors.

sUPPORT THE HOPE OF mALAysIA

23 July 2016, Malaysia – Bonia Corporation Berhad sponsored

RM3,000 to HOPE worldwide Malaysia, an international non-profit

and non-religious organisation, benefitted 16 underprivileged children

aged 6 to 8, as a funding to a reading program undertakes by the

organization which improves the memory of the children.

THE mOsT CHARITABLE gALA DINNER

26 August 2016, Malaysia – Bonia Corporation Berhad contributed

RM20,000 to Malaysian AEON Foundation during their 12th Charity

Gala Dinner 2016. The event was held at One World Hotel, Malaysia,

with the aim to raise fund for helping underprivileged children in

education and medical treatment. Our Group Managing Director

Datuk Albert Chiang, who is also the Organizing Chairperson of the

event was invited to give a speech.