World’s Largest - topglove.com

1 ANNUAL. REPORT. 2018. FINANCIAL YEAR ENDED. 31 AUGUST 2018. Incorporated in Malaysia ( Company No. : 474423-X ). A Public Company Listed on the Main Market of Bursa Malaysia and Main Board of Singapore Exchange The World's Largest Manufacturer of Gloves NORTH. AMERICA. THE WORLD IS OUR MARKET. EXPORTS TO. 195. COUNTRIES. WORLDWIDE. LATIN. AMERICA. NORTH AMERICA 25. HAITI EUROPE 77. NORWAY. 26. HONDURAS 78. POLAND. 1. CANADA 27. JAMAICA 48. ALBANIA 79. PORTUGAL. 2. USA 28. MARTINIQUE 49. ANDORRA 80. ROMANIA. 29. MEXICO 50. AUSTRIA 81. RUSSIA. LATIN AMERICA 30. MONTSERRAT 51. BELGIUM 82. SAN MARINO. 31. N ETHERLANDS 52. B OSNIA 83. SERBIA. 3. ANGUILLA HERZEGOVINA. 4. ANTIGUA AND ANTILLES 84. SLOVAKIA. 32. NICARAGUA 53. BULGARIA 85. SLOVENIA. BARBUDA 54.

2 CROATIA. 5. ARGENTINA 33. PANAMA 86. SPAIN. 34. PARAGUAY 55. CZECH REPUBLIC 87. SWEDEN. 6. ARUBA 56. DENMARK. 7. BAHAMAS 35. PERU 88. SWITZERLAND. 36. PUERTO RICO 57. ESTONIA 89. UNITED KINGDOM. 8. BARBADOS 58. FINLAND. 9. BELIZE 37. S AINT BARTHELEMY. 38. SAINT KITTS 59. FRANCE AFRICA. 10. BOLIVIA 60. GERMANY. 11. BRAZIL AND NEVIS. 39. SAINT LUCIA 61. GREECE 90. ALGERIA. 12. BRITISH VIRGIN 62. HUNGARY 91. ANGOLA. ISLANDS 40. SAINT MARTIN. 41. SAINT VINCENT 63. ICELAND 92. BENIN. 13. CAYMAN ISLANDS 64. IRELAND 93. BOTSWANA. 14. CHILE AND GRENADINES. 42. SURINAME 65. ITALY 94. BURKINA FASO. 15. COLOMBIA 66. KOSOVO 95. BURUNDI. 16. COSTA RICA 43. TRINIDAD &. TOBAGO 67. LATVIA 96. CAMEROON. 17. DOMINICA 68. LIECHTENSTEIN 97. CAPE VERDE. 18. D OMINICAN 44.

3 TURKS AND. CAICOS 69. LITHUANIA 98. CHAD. REPUBLIC 70. LUXEMBOURG 99. COMOROS. 19. ECUADOR 45. VIRGIN. ISLANDS 71. MACEDONIA, FYR 100. REPUBLIC OF THE. 20. EL SALVADOR 72. MALTA CONGO. 21. GRENADA 46. URUGUAY. 47. VENEZUELA 73. MOLDOVA 101. DJIBOUTI. 22. GUADELOUPE 74. MONACO 102. EGYPT. 23. GUATEMALA 75. MONTENEGRO 103. EQUATORIAL. 24. GUYANA 76. NETHERLANDS GUINEA. EUROPE. ASIA. AFRICA MALAYSIA. OCEANIA. 104. ETHIOPIA 134. UGANDA 162. NEPAL 89. NEW ZEALAND. 1. 105. ERITREA 135. ZAMBIA 163. OMAN 190. PALAU. 106. GABON 164. PAKISTAN 191. PAPUA NEW. 107. GAMBIA ASIA 165. PALESTINE GUINEA. 108. GHANA 166. PHILIPPINES 192. SAMOA. 109. GUINEA 136. AFGHANISTAN 167. QATAR 193. SOLOMON. 110. GUINEA-BISSAU 137. ARMENIA 168. SAUDI ARABIA ISLANDS. 111. KENYA 138.

4 AZERBAIJAN 169. SINGAPORE 194. TONGA. 112. LESOTHO 139. BAHRAIN 170. SOUTH KOREA 195. VANUATU. 113. LIBERIA 140. BANGLADESH 171. SRI LANKA. 114. MADAGASCAR 141. BHUTAN 172. TAIWAN. 115. MALAWI 142. BRUNEI 173. TAJIKISTAN. 116. MALI 143. CAMBODIA 174. THAILAND. 117. MAURITANIA 144. CHINA 175. TURKEY. 118. MAURITIUS 145. CYPRUS 176. TURKMENISTAN. 119. MOROCCO 146. EAST TIMOR 177. UAE. 120. MOZAMBIQUE 147. GEORGIA 178. UZBEKISTAN. 121. NAMIBIA 148. HONG KONG 179. VIETNAM. 122. NIGER 149. INDIA. 123. NIGERIA 150. INDONESIA OCEANIA. 124. RWANDA 151. ISRAEL. 125. SAO TOME AND 152. JAPAN 80. AMERICAN SAMOA. 1. PRINCIPE 153. JORDAN 181. AUSTRALIA. 126. SENEGAL 154. KAZAKHSTAN 182. FIJI. 127. SEYCHELLES 155. KUWAIT 183. GUAM. 128. SIERRA LEONE 156. KYRGYZSTAN 184.

5 KIRIBATI. 129. SOUTH AFRICA 157. LAOS 185. MARSHALL. 130. SWAZILAND 158. MACAU ISLANDS. 131. TANZANIA 159. MALAYSIA 186. MICRONESIA. 132. TOGO 160. MALDIVES 187. NAURU. 133. TUNISIA 161. MONGOLIA 188. NEW CALEDONIA. TOP GLOVE CORPORATION BHD ANNUAL REPORT 2018 1. CORPORATE vision AND MISSION. TAN SRI DR LIM WEE CHAI. Executive Chairman Top Glove Corporation Bhd vision MISSION CORPORATE. We strive to be the To be a world class VALUES. world's leading glove manufacturer Respect manufacturer with by providing top Integrity excellent quality glove quality products with Value products and services excellent services Empowerment that enrich and protect through continuous Relationship human lives. improvement and innovation. QUALITY BUSINESS BUSINESS. POLICY RULES ETHICS.

6 Quality and productivity Do not lose our Honesty are our business shareholders' money Integrity Continuous improvement Do not lose our health Transparency and innovation are our duties Do not lose our temper Towards zero defects is Do not lose our customers our target Compliance with customers' and regulatory requirements is our responsibility 2 TOP GLOVE CORPORATION BHD ANNUAL REPORT 2018. CONTENTS. PAGE PAGE PAGE. 1 Export Markets 24 Enhancing 93 Directors'. 2 Corporate vision and Shareholders' Value Responsibility Statement Mission 25 Letter to Stakeholders 3 Contents and Management 94 Financial Statements Discussion & Analysis for the financial year 4 Corporate Structure (English, BM & Mandarin) ended 31 August 2018. 7 International 48 Sustainability 187 List of Properties Quality Awards and Statement Certifications 201 Analysis of 60 Financial Calendar Shareholdings 8 Corporate Information 61 Top Glove Corporate 204 Notice of the 9 Board of Directors Song 20th Annual General 10 Profile of Directors Meeting 62 Corporate Governance 18 Senior Management Overview Statement 211 Administrative Team Details for the 86 Statement on Risk 20th AGM.

7 19 Profile of Key Senior Management and Management Internal Control 213 Form of Proxy 22 Financial Highlights 89 Audit Committee 215 Media Highlights Report 216 Corporate Directory 23 6-Year Financial Review TOP GLOVE'S GLOBAL OFFICES. CHINA. USA GERMANY. THAILAND. INDONESIA. MALAYSIA. BRAZIL. SINGAPORE. TOP GLOVE CORPORATION BHD ANNUAL REPORT 2018 3. CORPORATE STRUCTURE. 100% . FLEXITECH SDN BHD. (Malaysia). 100% . TOP GLOVE. SDN BHD 70% TG FMT SDN BHD. (Malaysia) (Malaysia). 100% . TG PORCELAIN SDN BHD. 100% . EASTERN (Malaysia). PRESS SDN. BHD (Malaysia) 75% T. GGD MEDICAL CLINIC. SDN BHD (Malaysia). 100% . GMP MEDICARE 100% T. OP GLOVE CHEMICALS. SDN BHD SDN BHD (Malaysia). (Malaysia). 100% . TOP GLOVE INTERNATIONAL. SDN BHD (Malaysia). 100%.

8 GREAT GLOVE. SDN BHD 100% . TOP GLOVE PROPERTIES. (Malaysia) SDN BHD (Malaysia). 27% VALUE ADD SDN BHD. 100% . TG MEDICAL (Malaysia). ( ), INC. (USA) 100% . MEDI-FLEX PTE LTD. (Singapore). 100% . TOP GLOVE TOP GLOVE EUROPE GMBH. ENGINEERING (Germany). SDN BHD. TOP GLOVE (Malaysia) 100% . GREAT GLOVE (XINGHUA). CORPORATION CO LTD (China). BHD 100% . TOP GLOVE. (Malaysia) 100% . TG MEDICAL SUZHOU CO LTD. GLOBAL (China). (Listed on the Main Market SDN BHD. of Bursa Malaysia & (Malaysia) 100% . BESTSTAR ENTERPRISE. Main Board of LTD (BVI). Singapore Exchange). 100% . TOP GLOVE 100% . B TECH INDUSTRY CO LTD. LABUAN LTD (Thailand). (Labuan). 74% . GREAT GLOVE (THAILAND). CO LTD (Thailand). 100% . TOP QUALITY. GLOVE SDN 100% . TOP GLOVE MEDICAL. BHD (Malaysia) (THAILAND) CO LTD (Thailand).

9 100% . TOP GLOVE TECHNOLOGY. TOP GLOVE (THAILAND) CO LTD (Thailand). FOUNDATION*. (Malaysia) 100% . TOP QUALITY GLOVES. (THAILAND) CO LTD (Thailand). 100% . TOP FEEL 85% D. URAMEDICAL SDN BHD. SDN BHD (Malaysia). (Malaysia). 100% . TG MEDICAL 100% . TOP HEALTHY FITNESS. SDN BHD SDN BHD (Malaysia). (Malaysia). 100% . TOP CARE 100% . ASPION SDN BHD. SDN BHD (Malaysia). (Malaysia). 100% . BEST ADVANCE RESOURCES. LIMITED (Labuan). 100% . GREEN RESOURCES LIMITED. (Labuan). 4 TOP GLOVE CORPORATION BHD ANNUAL REPORT 2018. 100% . TG MEDICAL (PUTIAN). CO LTD (China). 100% . TG MEDICAL (XINGHUA). CO LTD (China). 100% ADVENTA HEALTH 100% SDN BHD (Malaysia) BEIJING ADVENTA HEALTH. SUPPLIES CO LTD (China). 100% . CYTOTEC (M) SDN BHD. (Malaysia). 100% . SENTIENX SDN BHD.

10 (Malaysia). 100% . SUIZZE HEALTH LTD 100%. (Hong Kong) KEVENOLL DO BRASIL. (Brazil). 100% . TERANG NUSA SDN BHD. (Malaysia). 100% . ULMA INTERNATIONAL. GMBH (Germany). 100% . TERANG NUSA (MALAYSIA). SDN BHD (Malaysia). 2%. PURNABINA SDN BHD. (Malaysia). Notes: 1. Top Glove has in total 51. PT. TOPGLOVE companies within the group. 95%. INDONESIA (Indonesia) T. AGRO PRATAMA. P 2. * Top Glove Foundation is a member of Top Glove Group. SEJAHTERA (Indonesia). TOP GLOVE CORPORATION BHD ANNUAL REPORT 2018 5. AIMING HIGH. At 27 years of age, Top Glove is a vibrant and dynamic company, with ambitious goals of becoming a Bursa Malaysia Top 20 company by 2020 and Fortune Global 500 company by 2040. Our dreams may be big, but our resolve is strong. We believe that as we strategically expand our operations and penetrate new markets, we will be well able to achieve all we aspire to.