Top Glove Corporation Bhd

(Company No. 199801018294 [474423-X])

Top Glove Media Contact:

Michelle Voon
[email protected]
+603-3362 3098 Ext 2228
+6016 668 8336

Investor Contact:

Mabel Tan
[email protected]
+603-3362 3098 Ext 2260
​​​​​​​+6012 355 8666

PRESS RELEASE

For Immediate Release

TOP GLOVE WELCOMES NEW INDEPENDENT NON EXECUTIVE DIRECTORS

Shah Alam, Monday 10 January 2022 Top Glove Corporation Bhd, or Top Glove, is pleased to announce the appointment of Mr Lester Garson Huang and Mr Anthony Lo as the Group’s new Independent Non Executive Directors, or INEDs.

Mr Lester Garson Huang, a practising solicitor and notary, is currently the managing partner and co chairman of P.C. Woo & Co., a legal firm in Hong Kong. He is currently serving as INED on the Boards of Hong Kong public listed companies Guoco Group Limited, Lam Soon Hong Kong Limited and Kidsland International Holdings Limited. Until 14 November 2021, Mr Huang was a non executive director of the Securities and Futures Commission, or SFC, where he also chaired the Investor and Financial Education Council, a subsidiary of the SFC. His public roles also include serving as Council Chairman of City University of Hong Kong and Chairman of the Social Welfare Advisory Committee of the Labour and Welfare Bureau.

Mr Anthony Lo, a chartered accountant registered with the Hong Kong Institute of Certified Public Certified Accountants, Chartered Professional Accountants of Ontario and the Canadian Institute of Chartered Account ants, serves as INED on the Boards of Hong Kong public listed companies Lam Soon Hong Kong Limited, Playmates Holdings Limited, Tristate Holdings Limited and Convenience Retail Asia Limited.

“Top Glove welcomes the addition of Mr Lester Garson Huang and Mr Anthony Lo, who bring with them vast experience as INEDs on companies listed on the Hong Kong Stock Exchange, which has high standards of corporate governance. Given their backgrounds, the Company believes they will bring unique perspectives and valuable expertise to the Board, further strengthening the Group’s corporate governance. The Company looks forward to their positive contributions as it works towards its goal of becoming a Forbes and Fortune Global 500 Company by the year 2030,” said Top Glove.

To foster objective and independent deliberation, review and decision making of the Board, the Company has limited the tenure of INEDs to nine years without further extension, in line with the Malaysian Corporate Governance Code.

 

For more information on Top Glove: https://www.topglove.com/home

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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 Inde x, FBM Hijrah Syariah Index, FBM Emas Syariah Index and the Dow Jones Sustainability Indices (DJSI) for Emerging Markets. A Forbes Global 2000 company, 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.

 

Summary of key information:

 

As at 10 January 2022

Number of Factories

48 factories (41 in Malaysia, 5 in Thailand, 1 in China and 1 in Vietnam) comprising:

·         37 glove factories

·         2 latex concentrate plants

·         3 chemical factories

·         1 glove former factory

·         2 packaging material factories

·         1 dental dam factory

·         1 condom factory

·         1 face mask factory

Number of Marketing Offices

7 (Malaysia, USA, Germany, Brazil, China, Thailand and Vietnam)

Number of Glove Production Lines

812

Glove Production Capacity

100 billion pieces per annum

Number of Employees

22,000