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Dear shareholders,

Top Glove Corporation Bhd ("Top Glove”) is primarily listed on the main market of Bursa Malaysia Securities Berhad ("Bursa Securities”) and secondary listed on the main board of Singapore Exchange Securities Trading Limited ("SGX-ST”). In view thereof, Top Glove Shares owned by the shareholders are transferable between Bursa Securities and the SGX-ST.

Top Glove CDP Depositors whose Shares are listed on the SGX-ST and who wish to trade their Shares on Bursa Securities or vice versa must follow the procedures for the shares transfer between Bursa Securities and SGX-ST. This process involves the transfer of shares from a CDS account maintained under the Malaysian Authorised Depository Agent ("ADA”)/ Authorised Direct Member ("ADM”) and The Central Depository (Pte) Limited’s ("CDP”) CDS account maintained under its exempt authorised nominee in Malaysia and vice versa, which may take at least one (1) Market Day.

Please click the link for the Cross Border Securities Transfer Form. Should you have any issues or difficulties relating to the form, please email to [email protected].

GUIDELINES ON CROSS BORDER SECURITIES TRANSFER :

DETAILED GUIDELINES :

TRANSMISSION FROM BURSA DEPOSITORY IN MALAYSIA TO CDP IN SINGAPORE

The transmission of Shares from Bursa Depository in Malaysia to CDP in Singapore will be carried out on a scripless basis. If you wish to trade your Shares on the SGX-ST, please follow the procedures set out below:

  1. Please ensure that you have opened a securities account with CDP or a sub-account with a CDP depository agent before a transfer request is submitted. If you do not have a direct CDP account or a sub-account with any CDP depository agent, you should:
    1. Contact CDP if you would like to open a direct CDP account; or
    2. Contact a CDP depository agent if you would like to open a sub-account with a CDP depository agent.
  2. You (whether directly or through your CDP depository agent, as the case may be) must provide instructions to the ADA/ADM with which you have a CDS account to transfer your Shares from your CDS account to the foreign omnibus account which CDP maintains with its exempt authorised nominee in Malaysia. You should check with your ADA/ADM on the documents and fees that you are required to submit to them.
  3. Concurrently with (ii) above, whether your Shares are held in your CDS account or are held by an authorised nominee (the "Authorised Nominee”) in an authorised nominee or exempt authorised nominee CDS account, you (or your CDP depository agent, as the case may be) must submit the following to CDP:
    1. The CDP prescribed cross border transaction form; and
    2. the applicable fees and expenses.
    In the event your Authorised Nominee maintains an omnibus account with Bursa Depository, a confirmation is required from the Authorised Nominee stating that you are the beneficial owner of the Shares in that particular CDS account.

CDP will verify the documents submitted and in the event of any discrepancy, CDP is entitled to return the relevant documents to you (or your CDP depository agent, as the case may be). If the transfer request forms and the relevant documents are in order, the ADA/ADM with which you have a CDS account will take all actions necessary to effect the transfer of Shares from your CDS account to the foreign omnibus account which CDP maintains with its exempt authorised nominee in Malaysia.

After the transfer has been effected, a notice of crediting will be issued by CDP to you (or your CDP depository agent, as the case may be). You will also receive a confirmation on the transfer of Shares out of your CDS account either from Bursa Depository or the Authorised Nominee with which you maintain your CDS account.

You should note that the transmission of Shares from Bursa Depository to CDP will take at least one Market Day to complete. You should ensure that your Shares are available in your securities accounts with CDP before you trade in our Shares on the SGX-ST.

CDP holds all of its Shares in a foreign omnibus account through CDP’s exempt authorised nominee in Malaysia. Hence, the transfer of Shares from an investor’s CDS account to CDP’s foreign omnibus account maintained by its exempt authorised nominee in Malaysia is regarded as an investment in foreign currency assets pursuant to the Foreign Exchange Rules. Shareholders who are residents of Malaysia for the purposes of the Foreign Exchange Rules and are subject to the prevailing Foreign Exchange Rules in relation to investments in foreign currency assets may be required to seek the prior approval of BNM should they wish to transfer their Shares from Bursa Depository to CDP for trading on the Main Board of the SGX-ST. There is no restriction for a non-resident of Malaysia (for the purpose of the Foreign Exchange Rules) to subscribe for or purchase securities in Malaysia.

If you are in any doubt as to the above, you should seek further clarification from your own adviser.

TRANSMISSION FROM CDP IN SINGAPORE TO BURSA DEPOSITORY IN MALAYSIA

The transmission of Shares from CDP in Singapore to Bursa Depository in Malaysia will be carried out on a scripless basis. If you wish to trade your Shares on Bursa Securities, please follow the procedures set out below:

  1. Please ensure that you have opened a CDS account with an ADA/ADM before you (or your CDP depository agent, as the case may be) submit a transfer request to CDP.
  2. You (whether directly or through your CDP depository agent, as the case may be) must notify the ADA/ADM with which you have a CDS account to receive the transfer of your Shares from the foreign omnibus account which CDP maintains with its exempt authorised nominee in Malaysia. You should check with your relevant ADA/ADM on the documents and fees that you are required to submit to them.
  3. Concurrently with (ii) above, you must do the following:
    1. If your Shares are held through a direct securities account with CDP, then you must submit the following to CDP:
      1. the CDP prescribed cross border transaction form; and
      2. the applicable fees and expenses.
    2. If your Shares are held through a securities sub-account with a CDP depository agent, then you must instruct your CDP depository agent to submit the following to CDP:
      1. The CDP prescribed cross border transaction form; and
      2. the applicable fees and expenses.

CDP will verify the documents submitted and in the event of any discrepancy, CDP is entitled to return the relevant documents to you (or your CDP depository agent, as the case may be). CDP will instruct its exempt authorised nominee in Malaysia through Society for Worldwide Interbank Financial Telecommunication (SWIFT) messages to transfer the Shares, and CDP’s exempt authorised nominee will take all actions necessary to effect the transfer of Shares from the foreign omnibus account which CDP maintains with its exempt authorised nominee in Malaysia to your CDS account.

After the transfer has been effected, a notice of debiting will be issued by CDP to you (or your CDP depository agent, as the case may be). You will also receive a confirmation on the transfer of Shares into your CDS account either from Bursa Depository or the Authorised Nominee with which you maintain your CDS account.

You should note that the transmission of Shares from CDP to Bursa Depository will take at least one Market Day to complete. You should ensure that your Shares are available in your CDS accounts before you trade in our Shares on Bursa Securities.