Top Glove Announces Bonus Issue of Warrants to Shareholders Top Glove Corporation Bhd, the world’s largest rubber glove manufacturer, has announced a bonus issue of up to 405,846,911 warrants. This corporate action will be carried out on the basis of 1 warrant for every 20 existing ordinary shares held by entitled shareholders as of 5:00 PM on February 4, 2025. This move could have significant implications for shareholders and may influence the company’s stock price in the coming months. Key Details for Shareholders Ex-Date: February 3, 2025 Entitlement Date: February 4, 2025, at 5:00 PM Available/Listing Date: February 14, 2025 Ratio: 1 warrant for every 20 existing shares Fractional Entitlement: Any fractions will be disregarded. Registrar: Securities Services (Holdings) Sdn Bhd Warrant Listing: The warrants will be listed and quoted on Bursa Malaysia within two market days after submission of the quotation application. Subsequently, they will also be listed on the Singapore Exchange (SGX-ST). The bonus warrants will be credited into the entitled shareholders’ central depository system accounts. Notices of allotment will also be issued and dispatched to shareholders based on the information in the Record of Depositors. Potential Impact on Share Price The announcement of the bonus issue is a potentially price-sensitive event. Bonus issues like this can improve liquidity and attract investor interest, as warrants offer an opportunity to purchase shares at a predetermined price in the future. Investors often view such corporate actions as a sign of confidence in the company’s future performance. However, shareholders should also note that the value of their holdings may experience short-term fluctuations as the market adjusts to the additional securities. The final listing and trading of the warrants on Bursa Malaysia and SGX-ST could further influence Top Glove’s share price around the listing date of February 14, 2025. Important Considerations Shareholders are advised to ensure their securities are accurately transferred or deposited into their depository accounts before the deadlines to qualify for the bonus issue: Securities must be transferred into the depositor’s account by 4:30 PM on February 4, 2025. Securities exempted from mandatory deposit must be deposited by 12:30 PM on February 4, 2025.