TOP GLOVE ACTIVELY ENGAGING WITH U.S. CBP TOWARDS SPEEDY RESOLUTION

Shah Alam, Thursday, 30 July 2020 Top Glove wishes to provide an update on developments in relation to the U.S. Customs and Border Protection (CBP) order on disposable gloves manufactured by Top Glove Sdn Bhd and TG Medical Sdn Bhd on July 15, 2020.

We have been in cordial and constructive engagement with the U.S. CBP via our Headquarters in Malaysia as well as our U.S.A. office on the aforementioned matter, since July 17, 2020.

We have made good progress and look forward to arriving at an agreement on remediation within the month of August 2020, upon which we plan to commence remediation payment immediately. This will enable us to continue delivering our gloves especially to first respondents, whose safety and lives are on the line during this critical time.

In addition, we have appointed an independent consultant to advise us on this matter.

We will continue to provide updates on developments.

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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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