TOP GLOVE PROVIDES CLARIFICATION ON INSPECTION BY AUTHORITIES

No element of forced labour found

Shah Alam, Wednesday, 22 July 2020 Top Glove Corporation Bhd (Top Glove) has clarified that the visit by authorities on 13 July 2020 was not a raid, but an inspection of its office and workers’ quarters.

The company received a compound of RM1,000 from the Ministry of Health for lack of social distancing in one unit of the workers’ house.

The non-compliance was immediately rectified and workers reminded to adhere closely to RMCO requirements.

In a statement by the Ministry of Human Resources on this matter, it also confirmed that during their inspection they did not find any element of forced labour at Top Glove’s premises.

Top Glove was also awarded an “A’ rating following a June 2020 social audit of Factory 9 by Amfori, a leading global business association for open and sustainable trade, in addition to garnering good ratings in earlier third-party audits.

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About Top Glove Corporation Bhd

Top Glove Corporation Bhd is listed on the Bursa Malaysia Stock Exchange Main Board and Singapore Exchange Mainboard. It is also one of the component stocks of the MSCI Global Standard Index, FTSE Bursa Malaysia KLCI Index, FBM Top 100 Index, FBM Emas Index, FBM Hijrah Syariah Index, FBM Emas Syariah Index, FTSE4Good Bursa Malaysia Index and the Dow Jones Sustainability Indices (DJSI) for Emerging Markets. Top Glove is currently the world’s largest manufacturer of gloves with an established corporate culture and good business direction of producing consistently high quality, cost efficient gloves. Top Glove has over 2,000 customers worldwide and exports to more than 195 countries.

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