Top Glove AR2005

TOP GLOVE CORPORATION BERHAD
Vision Mission
We strive to be the To be a world class
world’s leading glove manufacturer
manufacturer with providing top quality
excellent quality glove products with excellent
products and services services through
that enrich and protect continuous
human lives improvement and
innovation
Global customer
satisfaction Quality and productivity
• are our business
Do it right first time and
every time •
• Continuous improvement
Integrity and total and innovation are our
commitment duties
• •
Excellence in quality and
competitiveness Towards zero defect is
• our target
Environmental friendly and
social responsibilities
The World’s Largest Rubber Glove Manufacturer

Always Staying At The Top
COVER RATIONALE
The cover highlights Top Glove as a globally renowned company with its product exported to over 170
countries. Year after year, the company still remained its identity as the world’s largest rubber glove
manufacturer.
With high-end technology and progressive R&D facilities positioned at each 11 factories throughout
Malaysia, Thailand and China, Top Glove offers products at its best quality to its customers worldwide.
All the facilities and manufacturing plants within Top Glove serve as a corporate group identity.
Page No.
Corporate Information 2 TOP GLOVE CORPORATION BERHAD
Corporate Structure 3
C 8-Year Group Financial Review 4

Malaysia Thailand China
O Quality Awards & Certifications 5
Export Markets 6
N
Share Performance 8
T Board Of Directors 9
E Profile Of Directors 10
Management Team 15
N
Executive Chairman’s Statement
16
T (English, Bahasa Malaysia & Mandarin)
Corporate Song 28
S
Corporate Governance Statement 29
Statement On Internal Control 37
2 Audit Committee Report 38
Financial Statements 2005

0 43
List Of Properties 88
0 Analysis Of Shareholdings
90
5 Notice Of Annual General Meeting 93
Proxy Form
Corporate Information
Board Of Directors
Dato’ Dr. Lim, Wee-Chai
Executive Chairman/Managing Director
Registered Office Tan Sri Datuk (Dr) Arshad Bin Ayub

Level 7, Menara Milenium, Independent Non-Executive Director
Jalan Damanlela,
Datin Tong Siew Bee
Pusat Bandar Damansara, Executive Director
Damansara Heights,
50490 Kuala Lumpur, Haji Shahadan Bin Haji Abd Manas
Malaysia Executive Director
Tel : 03-2084 9000
Fax : 03-2094 9940/2095 0292
Lim Hooi Sin
Executive Director
Corporate Office Sekarajasekaran a/l Arasaratnam
Lot 4969, Jalan Teratai, Batu 6, Off Jalan Meru Independent Non-Executive Director
41050 Klang, Selangor D.E. Malaysia
Tel : 603-3392 1992 / 1905 Lau Boon Ann
Fax : 603-3392 1291 / 8410 Non-Executive Director
E-mails : (i) top@topglove.com.my
(ii) tgmed@po.jaring.my
Quah Chin Chye
Independent Non-Executive Director
(iii) topg@po.jaring.my
Websites : www.topglove.com.my Lee Kim Meow
http://topglove.asiaep.com Executive Director and Alternate
Director to Lim Hooi Sin
Company Secretary
Chua Siew Chuan
(MAICSA No: 0777689) Principal Bankers
• HSBC Bank Malaysia Berhad
• EON Bank Berhad
Registrar • Public Bank Berhad
Securities Services (Holdings) Sdn Bhd • Malayan Banking Berhad
Level 7, Menara Milenium, • OCBC Bank (M) Berhad
Jalan Damanlela, • Thai Military Bank Public Company Limited
Pusat Bandar Damansara, • KBC Bank N. V.
Damansara Heights, • China Construction Bank
50490 Kuala Lumpur, • UOB Radanasin Bank Public Company Limited
Malaysia
Tel : 03-2084 9000
Fax : 03-2094 9940 / 2095 0292 Solicitors
Soo Thien Ming & Nashrah
No. 45-47, 1st Floor,
Auditor Jalan Kapar, 41400 Klang
Ernst & Young Selangor Darul Ehsan, Malaysia
Chartered Accountants
Lot 1, 6th Floor Ranjit, Ooi & Robert Low
Menara Pertam, Jalan BBP 2 No. 53, Jalan Maarof, Bangsar
Taman Batu Berendam Putra 59000 Kuala Lumpur, Malaysia
Batu Berendam
75350 Melaka, Malaysia Yong Dan Rakan-Rakan
No. 39-1, 1st Floor,
Jalan Tiara 2B, Bandar Baru Klang,
Stock Exchange Listing 41150 Klang,
Main Board of Bursa
Selangor Darul Ehsan, Malaysia
Malaysia Securities Berhad
Stock Code: 7113
Stock Name: TOPGLOV
2
Corporate Structure
3
Eight-Year Group Financial Review
Financial Year Ended
31.8.1998 31.8.1999 31.8.2000 31.8.2001 31.8.2002 31.8.2003 31.8.2004 31.8.2005

Group
(RM,000) (RM,000) (RM,000) (RM,000) (RM,000) (RM,000) (RM,000) (RM,000)
Turnover 48, 493 70,198 103,161 138,862 180,202 265,089 418,133 641,827
Earning Before Interest,
Depreciation & Taxation 10, 757 12,790 17,198 23,865 27,058 39,455 60,638 89,191
Profit Before Taxation 8,131 10,137 12,636 17,217 20,186 29,264 45,190 65,745
Taxation 1,059 313 1,012 1,312 2,213 3,547 5,246 7,568
Profit After Taxation &
Minority Interests 7,072 9,824 11,624 15,902 18,059 25,259 39,534 58,141
Net Tangible Assets 20,797 30,228 41,849 93,170 109,137 130,571 156,172 209,479
Gross Earnings Per Share (RM) 0.31 0.38 0.48 0.31 0.31 0.32 0.49 0.35
Net Earnings Per Share (RM) 0.27 0.37 0.44 0.29 0.28 0.27 0.43 0.31
Gross Dividend Rate (%) 1.51 1.58 - 8.00 6.00 12.00 14.00 16.00
Net Dividend Rate (%) 1.08 1.58 - 8.00 4.32 10.32 13.16 14.88
Net Tangible Assets
Per Share (RM) 0.78 1.14 1.57 1.86 1.68 1.42 1.68 1.11
Number of Shares in Issue 26, 575 26,575 26,575 50,000 65,000 92,197 93,059 188,639
Share Price - - - 1.80 2.21 3.96 7.25 4.92
Market Capitalisation - - - 90,000 143,650 365,100 674,678 928,104
Turnover Profit Before Taxation Profit After Taxation & Minority Interests
(RM’000) (RM’000) (RM’000)
641,827 65,745 58,141
45,190 39,534
418,133
29,264
25,259
265,089 20,186
18,059
180,202 17,217
12,636 15,902
138,862
11,624
103,161 10,137
9,824
70,198
8,131 7,072
48,493
1998* 1999* 2000* 2001 2002 2003 2004 2005 1998* 1999* 2000* 2001 2002 2003 2004 2005 1998* 1999* 2000* 2001 2002 2003 2004 2005
The figures are based on the subdivision of shares from one ordinary share of RM1.00 to two ordinary shares of RM0.50 each which
was completed on February 2005.
The figures for financial years ended 31 August 1998, 1999 and 2000 are prepared based on a proforma consolidated basis for
illustrative purpose only, based on the assumption that current structure of the Group has been in existence throughout the financial
years under review.
The number of shares for financial years 1998, 1999 and 2000 was based on the issued and paid-up share capital of 26,575,213 ordinary
shares before the rights issue and public issue.
4
Quality Awards & Certifications
ISO 9002 SMG

CGSB
Quality System
Europe Canada Malaysia HACCP
TUV
PRODUCT SERVICE TSE 0120
Turkey Europe
Germany
SINCE : 1994 1997 1998 1998 1999 1999 2001 2004 2005
SINCE : 1991 1997 1998 1998 1998 1999 1999 2002 2004
FDA
REGISTERED
CO
NTR
O L E PA R L
I NE
A C C E P T E D
American
Dental
MEDICAL Celebrating Malaysia Association
Enterprising Spirit
U.S.A France U.S.A
TGA Instytut
Lekow
Poland
SATRA
0321
U.K.
ISO 9001
Malaysia
Australia
5
Export Markets
THE WORLD IS OUR MARKET

Top Glove’s products are recognised all over the world for its quality
and consistency. The Company’s export markets cover all continents
around the globe.
6
The World Is Our Market
• Albania • Andorra
• Armenia • Austria
• Azerbaijan • Belarus
• Belgium • Bosnia Herzegovina
• Bulgaria • Canary Islands
• Algeria • Angola • Croatia • Cyprus
• Benin • Botswana • Czech Republic • Denmark
• Burkina Faso • Burundi • Estonia • Finland
• Cameroon • Cape Verde • France • Georgia
• Central African Republic • Chad • Germany • Greece
• Congo • Eritrea • Hungary • Iceland
• Ethiopia • Gabon • Ireland • Italy
• Gambia • Ghana • Kosovo • Latvia
• Guinea • Ivory Coast • Lithuania • Luxembourg
• Canada • Kenya • Liberia • Macedonia, FYR • Malta
• Puerto Rico • Libya • Madagascar • Moldova • Netherlands
• USA • Malawi • Mauritius • Northern Ireland • Norway
• Morocco • Mozambique • Poland • Portugal
• Namibia • Niger • Romania • Russia
• Nigeria • Rwanda • Slovakia • Slovenia
• Senegal • Sierra Leone • Spain • Sweden
• Somalia • South Africa • Switzerland • Turkey
• Sudan • Swaziland • Ukraine • United Kingdom
• Tanzania • Togo • Yugoslavia
• Tunisia • Uganda
• Zambia • Zimbabwe
• Australia
• Fiji
• Guam
• New Zealand
• Papua New Guinea
• Samoa
• Solomon Islands
• Vanuatu
• Bahrain
• Argentina • Bahamas • Egypt
• Barbados • Belize • Iran
• Afghanistan • Bangladesh
• Bolivia • Brazil • Iraq
• Bhutan • Brunei
• Chile • Colombia • Israel
• Cambodia • China
• Costa Rica • Cuba • Jordan
• Hong Kong • India
• Dominica • Dominican Republic • Kuwait
• Indonesia • Japan
• Ecuador • El Salvador • Lebanon
• Kazakhstan • Korea
• French Guiana • Grenada • Oman
• Laos • Macau
• Guatemala • Guyana • Palestine
• Mongolia • Myanmar
• Haiti • Honduras • Qatar
• Nepal • Pakistan
• Jamaica • Mexico • Saudi Arabia
• Philippines • Singapore
• Nicaragua • Panama • Syria
• Sri Lanka • Taiwan
• Paraguay • Peru • UAE
• Thailand • Uzbekistan
• Suriname • Trinidad / Tobago • Yemen
• Vietnam
• Uruguay • Venezuela
7
Our Share Performance
Top Glove’s Share Price Movement

(Share Prices prior to 16 Feb 05 adjusted in relation to the Share Split Exercise)
4.5 RM 5.10 on
4 27th Oct 2005
Share Price (RM)
3.5
2.5
1.5
0.5
Oct-05
Mar-01
Mar-02
Mar-03
Mar-04
Mar-05
Jul-01
Jul-02
Jul-03
Jul-04
Jul-05
Nov-01
Nov-02
Nov-03
Nov-04
Month-Year
• For comparative purpose, the share price of Top Glove has been adjusted to reflect the subdivision of
shares from one ordinary share of RM 1.00 to two ordinary shares of RM0.50 each on 16 Feb 2005.
Performance Of Top Glove’s Share Price v.s. Bursa Malaysia’s Composite Index
(From March 2001 to October 2005) +900%
on 27th Oct 2005
900% at RM5.10
800%
700%
600%
Percentage
500%
400%
300%
200%
+36% on
100% 27th Oct 2005
0%
-100%
Oct -05
Mar-01
Mar-02
Mar-03
Mar-04
Mar-05
Jul-01
Jul-02
Jul-03
Jul-04
Jul-05
Nov-01
Nov-02
Nov-03
Nov-04
Month-Year
Between the periods of March 2001 to October 2005, the Top Glove Share price gained an appreciation of
900% as at 27th October 2005 compared to the Composite Index of 36% within the same period.
8
Board of Directors
9
Profile of Directors

Executive Chairman / Managing Director
Aged 47, a Malaysian citizen, was appointed as the the Board member of the Malaysia Rubber Board.
Executive Chairman and Managing Director of Top
Glove Corporation Berhad on 4 September 2000. He In December 4th, 2004, Dato’ Dr Lim, Wee-Chai
is also the founder of the Top Glove Group of was named and awarded the highly prestigious
Companies. The Group was established in 1991 and accolade, Master Entrepreneur of The Year 2004,
was listed on the Kuala Lumpur Stock Exchange by Ernst and Young. This award was presented
(KLSE) on 27 March 2001. by Prime Minister of Malaysia, Y.A.B. Dato’ Seri
Abdullah bin Hj. Ahmad Badawi. With this award,
He obtained a Bachelor of Science Degree with Dato’ Dr Lim represented Malaysia in Monte Carlo,
Honours in Physics in 1982 from University Malaya Monaco for the World Entrepreneur of The Year
and a Master of Business Administration in 1985 from contest on 28th May 2005.
Sul Ross State University in Texas, USA. He also
earned his Doctorate in Business Administration from His business philosophies for the company are:-
the Irish International University, London in 2001 and
later was awarded with the Fellow Membership of the i) We work for our Customers;
Business Management Association, UK in September ii) We take care of the interests of our
2001. Shareholders;
iii) We ensure that our Employees continue
Dato’ Dr Lim brings a wealth of experience in the to contribute positively to the Company &
marketing of consumers products whilst he was the we take good care of the well-being of our
Sales Manager of a subsidiary company of OYL Employees and
Industries Bhd., a company listed on Bursa Malaysia iv) We work closely with our Bankers,
Securities Bhd. In 1991, he set up Top Glove Sdn Suppliers, Business Associates and
Bhd, his own glove manufacturing and trading Friends.
business with only one factory and has expanded this
business to eleven (11) glove factories as at August Dato’ Dr. Lim does not have any directorships in
2005. He has more than 20 years of experience in other public corporations. He has no convictions
the rubber and latex manufacturing business. of offences within the past ten years.
He served as the President (1997 to 1999) of the Dato’ Dr Lim does not hold any directorship in
Malaysian Rubber Glove Manufacturers’ Association other public corporations. He has no convictions
(MARGMA), prior to this; he was also the Vice- for offences within the past ten years. Dato’ Dr
President, Treasurer, Honorary Secretary for the past Lim, Wee-Chai is the husband of Datin Tong Siew
seven (7) years in this association. In 1998 and 1999, Bee and brother of Mr Lim Hooi Sin. He has no
he was the Director of the Association of Malaysia conflict of interest with the company.
Medical Industries (AMMI). In 1998 and 1999 he was
10
Tan Sri Datuk (Dr) Arshad Ayub

Aged 77, a Malaysian citizen, was appointed as an Malaysia Rubber Export Promotion Council,
Independent Non-Executive Director of Top Glove President of Malaysia Rubber Products
Group on 4th September 2000. Manufacturers Association and a Member of
Lembaga Getah Malaysia (LGM). He was a
He graduated with a Diploma in Agriculture from member of Harun’s Salary Commission for
College of Agriculture, Serdang, Selangor in 1954 and Statutory Bodies and Local Government.
later obtained a Bachelor of Science (Hones)
Economics and Statistics from University of Wales, He is currently a Chairman of Audrey International
Aberystwyth, United Kingdom in 1958. In 1964, he (M) Bhd.,Tomypak Holdings Bhd and a Director
obtained a postgraduate Diploma in Business of Kulim Malaysia Bhd., Sindora Bhd., KPJ
Administration from Management Development Healthcare Bhd., Rumpun Hijau Capital Bhd. and
Institute (IMEDE), Lausanne, Switzerland. Malayan Flour Mills Bhd. He is a Chairman of
council of the University of Malaya and a council
He has vast experience having served as a member member of Maktab Kerjasama Malaysia. He also
of numerous bodies in the fields of education, sits on the Boards of Pelaburan Johor Bhd, Bata
economic planning, finance, regional development, Sdn. Bhd., PFM Capital Holdings Sdn. Bhd., CSR
agriculture and science. He was the first Director of Building Materials Sdn. Bhd., Nakagawa Rubber
Institute Teknologi Mara from 1965 to 1975. He held Industries Sdn. Bhd. and Zalaraz Sdn. Bhd.
senior positions with various Ministries in the
Malaysian Government, from 1951 to 1983, including Tan Sri Datuk (Dr) Arshad Ayub does not have
his appointment as Deputy Governor of Bank Negara any family relationship with any other Director and/
Malaysia from 1975 to 1977, and Deputy Director or major shareholder of the Company and has no
General of Economic Planning Unit, Prime Minister’s conflict of interest with the Company. He has no
Department. He currently serves as Chairman of convictions for offences within the past ten years.
Datin Tong Siew Bee

Executive Director
Aged 47, a Malaysian citizen, was appointed to the banking industry in the information technology
Board of Directors on 4th September 2000. Prior to field for more than 10 years. She was formerly
that, she was the director and the co-founder of Top attached to United Overseas Bank Berhad and
Glove Sdn. Bhd. Utama Bank Berhad.
She graduated with a Bachelor of Science Degree Datin Tong Siew Bee does not have any
with Honours in Computer Science from University directorships in other public corporations. She
Sains Malaysia in Penang in 1983 and later obtained has no convictions of offences within the past
her Master of Business Administration from Sul Ross ten years.
State University, Texas, USA in 1985.
Tong Siew Bee is the wife of Dato’ Dr. Lim, Wee-
She is responsible for the Information Technology Chai and sister-in-law of Mr. Lim Hooi Sin. She
Department, Human Resource Department and the has no conflict of interest with the Company. She
general administration for the Top Glove Group of has no convictions for offences within the past
Companies. Prior to this, she was working in the ten years.
11
Lim Hooi Sin

Executive Director
Aged 43, a Malaysian citizen and was appointed to In April 2001, he was appointed Vice President of
the Board of Top Glove since 4th September 2000. TG Medical USA, Inc and as a director since it
was founded in 1994. Later, he was promoted to
He obtained his Bachelor of Science Degree in Executive Vice President. He has vast
Management Science from Oklahoma State experiences in the United States glove market.
University, USA in 1985, Master of Business
Administration Degree from Arizona State University, Lim Hooi Sin does not have any directorships in
USA in 1986 and Charter Financial Consultant other public corporations. He has no convictions
Diploma from American College, PA, USA in 1990. of offences within the past ten years.
He is a resident of the United States and has spent Lim Hooi Sin does not have any major
14 years of his career with MetLife Financial Services shareholdings and directorships in other public
(one of the largest insurance & financial services corporations. Lim Hooi Sin is the brother of Dato’
company in the US). Prior to this posting, he was a Dr. Lim, Wee-Chai and brother-in-law of Datin
Management Trainee, Associate Brand Manager, Tong Siew Bee. He has no conflict of interest with
Regional Marketing Specialist, Agency Director and the Company. He has no convictions for offences
Director of Asian Market. His experience includes within the past ten years.
product development, marketing, recruiting, training
and supervision of a large highly productive sales
force.
Haji Shahadan Bin Haji Abd. Manas

Executive Director
Aged 70, a Malaysian citizen, Haji Shahadan is the Development. He was the Director of Land
Human Resource Director who joined Top Glove Sdn. Administration and Management from 1986 to
Bhd. on 10th June 1996, and was appointed to the 1990. In 1991, he left to join a Dutch construction
Board of Top Glove on 4 September 2000. He company, namely Ballast Nedam (M) Sdn. Bhd,
graduated with a Bachelor of Arts Degree from as the Public Affairs Advisor until 1995. In 1996,
University Malaya in 1962 and obtained his Diploma he joined Top Glove Sdn. Bhd. as its Group
in Public Administration (Australia) in 1968. Human Resource Director.
He commenced his career in the Government Sector, Haji Shahadan Bin Haji Abd. Manas does not
as Assistant Secretary (Admin) in the Ministry of have any directorships in other public corpora-
Works, Posts & Telekom from 1963 to 1966, Assistant tions. He has no convictions of offences within
Secretary (Finance) in the Ministry of National & Rural the past ten years.
Development from 1967 to 1969. He served as District
Officer and President of the District Councils of Haji Shahadan Bin Haji Abd Manas does not have
Rembau, Tampin and Port Dickson consecutively from any family relationship with any other Director and/
1970 to 1979. From 1980 to 1985, he was the Director or major shareholder of the Company and has no
General of the Department of Community conflict of interest with the Company. He has no
Development in the Ministry of National & Rural convictions for offences within the past ten years.
12
Sekarajasekaran a/l Arasaratnam

Aged 77, a Malaysian citizen, was appointed as an engineering, environmental related studies,
Independent Non-Executive Director of Top Glove on design and implementation of environmental
4th September 2000. engineering projects in Malaysia and Overseas
make him a much sought out Consultant.
He obtained a Diploma in Civil Engineering in 1951
from Technical College, Kuala Lumpur. In 1960, he He is also a Fellow of the Institution of Engineers
passed the Membership Examination of the Institution Malaysia, Member of the Institution of Civil
of Civil Engineers (ICE), United Kingdom. Engineers, United Kingdom, Member of the
Subsequently, he graduated with a Diploma in Public Chartered Institution of Water and Environmental
Health Engineering from the Imperial College of Management, United Kingdom, Member of the
Science & Technology, United Kingdom in 1968. American Society of Civil Engineers and Member
of the Association of Consulting Engineers
From 1951, he was with the Public Works Department Malaysia.
as the Technical Assistant of Waterworks until 1959,
thereafter as Assistant Resident Engineer, Executive Sekarajasekaran a/l Arasaratnam does not have
Engineer and Waterworks Engineer from 1960 to any directorships in other public corporations.
1966. He joined the Ministry of Health in 1968 as a He has no convictions of offences within the past
Senior Public Health Engineer and was promoted to ten years.
Chief Public Health Engineer in 1972. In 1980, he was
the Director of Engineering Services, a position he Sekarajasekaran a/l Arasaratnam does not have
held until 1983. any family relationship with any other Director
and/or any major shareholder of the Company
Presently, he is the President of Erinco Sdn. Bhd., a and has no conflict of interest with the Company.
company active in various fields of environmental He has no convictions for offences within the past
engineering. His wealth of knowledge gathered from ten years.
over 50 years of work experience in environmental
Lau Boon Ann

Non-Executive Director
Aged 50, is a Malaysian and was appointed to the In August 1988, he was instrumented in the setting
Board of Directors as a Non-Executive Director of Top up of Top Glove’s Factory 1, which was
Glove on 4th September 2000. subsequently leased to Top Glove Sdn. Bhd. He
returned to serve as an Assistant General
He achieved his Diploma in Administrative Manager with Arab Malaysian Development Bhd.
Management, Organisation and Methods, and from 1990 to 1996 and is presently involved in
Diploma in Marketing in United Kingdom in 1980 and the real estate and property development sector.
later pursues his Post Graduate Diploma in
Management studies. He obtained his Master in Lau Boon Ann does not have any directorships
Business Analysis degree in 1981 from Lancaster in other public corporations. He has no convic-
University, United Kingdom. tions of offences within the past ten years.
He started his career as a Corporate Planner in 1981 Lau Boon Ann does not have any family
and also he was also involved in Management relationship with any other Director and/ or major
Consultancy and Marketing Manager for various shareholder of the Company and has no conflict
property companies. of interest with the Company. He has no
convictions for offences within the past ten years.
13
Lee Kim Meow

Executive Director and Alternate Director to Lim Hooi Sin
Aged 46, a Malaysian, was appointed as an Executive the manufacturing, trading and financial services
Director of Top Glove Corporation Bhd. on 15th under the Group’s operation.
October 2003.
He left in 1997 to join Top Glove as the General
He obtained his Bachelor of Commerce Degree from Manager in charge of the marketing and
the University of New South Wales, Australia in 1982 promotion of the company’s products to more than
majoring in Accounting, Finance and Information 170 countries worldwide. He is actively involved
System. Upon his graduation, he worked for OCBC in the local Malaysian Rubber Glove
Finance Bhd, the finance subsidiary of OCBC Bank Manufacturers’ Association (MARGMA) and the
Bhd and subsequently with Asia Commercial Finance regional Asean Rubber Glove Manufacturers’
Bhd in 1988. In 1991, he obtained his Bachelor of Association (ARGMA). He is also a Board
Law Degree from the University of London (External Member of the Malaysian Rubber Export
Degree). Promotion Council (MREPC).
He has more than twelve years of experience in the Lee Kim Meow does not have any directorships
marketing of financial services and credit control in other public corporations. He has no convic-
operations in the finance industry during his tions of offences within the past ten years.
employment with OCBC Finance Bhd and Asia
Commercial Finance Bhd. He was the Branch Lee Kim Meow does not have any family
Manager at Asia Commercial Finance (M) Bhd in early relationship with any other Director and/or major
1996 before he was promoted as the Personal shareholder of the Company and has no conflict
Assistant to the Group Executive Director of the Lion of interest with the Company. He has no
Group, entrusted with the responsibility of overseeing convictions for offences within the past ten years.
Quah Chin Chye

Aged 51, is a Malaysian citizen and was appointed to He sits on the Board of several private limited
the Board of Directors as an Independent Non- companies. Prior to this, he was with another
Executive Director of Top Glove on 28th December diversified group listed on the Main Board of Bursa
2001. He was redesignated as Senior Independent Malaysia for approximately six years.
Non-Executive Director on 3 November 2003.
Quah Chin Chye does not have any directorships
He is a fellow of the Chartered Institute of in other public corporations. He has no convic-
Management Accountants (CIMA), United Kingdom tions of offences within the past ten years.
and also a member of the Malaysian Institute of
Accountants. He is also a member of the Chartered Quah Chin Chye does not have any family
Institute of Marketing, United Kingdom. Mr. Quah relationship with any other Director and/ or major
gained vast experience having worked more than 10 shareholder of the Company and has no conflict
years with both the American and British multi-national of interest with the Company. He has no
companies holding various senior management convictions for offences within the past ten years.
positions.
14
Management Team
1. 1. 1.
2. 2. 2.
3. 3. 3.
4. 4. 4.
5. 5. 5.
6. 6. 6.
7. 7. 7.
8. 8. 8.
9. 9.
10. 10.
11.
12.
15
‘Top Glove’s directions are clearly mapped
out to stay focused on robust and dynamic growth for the coming years.
To stay ahead in the global business arena, all departments must be well
trained and must excel in their areas of expertise consistently .
This is the only way the business can continue to grow in these challenging times.
I am happy to inform that Top Glove has all the positive attributes and has positioned
itself very well in the glove industry by adopting an excellent teamwork culture,
aggressive marketing in establishing
good partnerships round the world and placing a lot of emphasis on continuous
Research & Development (R& D) eﬀorts that have enable us to be highly productive
and cost eﬀective in producing quality gloves for our customers in more than
170 countries worldwide.’

Executive Chairman / Managing Director
Top Glove Corporation Bhd.
Dear Stakeholder,
Year after year our mission statement has guided us in our continued efforts in improving our operation and
building a company that would deliver value to our shareholders. Today, we remained focus on our strategic
aspiration to maintain our position as the number one premier glove manufacturer and exporter in the world.
Brief Overview
The year 2005 has been an exciting and challenging year for Top Glove in particular and the glove industry as a
whole. Despite the unprecedented hike in the prices of raw materials and crude oil, the Group has managed to
continue to register uninterrupted revenue and profit growth, a tradition the Group has maintained for the past
decade. To strengthen our position further, Top Glove will continue its aggressive capacity expansion to capture
a bigger share of the global glove market, which is anticipated to grow at an enormous rate contributed by,
amongst others, the increasing standards in health awareness among consumers and the emergence of new
viruses.
Top Glove’s directions are clearly mapped out to stay focused on robust and dynamic growth for the coming
years. To stay ahead in the global business arena, all departments must be well trained and must excel in their
areas of expertise consistently. This is the only way the business can continue to grow in these challenging times.
I am happy to inform that Top Glove has all the positive attributes and has positioned itself very well in the glove
industry by adopting an excellent teamwork culture, aggressive marketing in establishing good partnerships round
the world and placing a lot of emphasis on continuous Research & Development (R& D) efforts that have enabled
us to be highly productive and cost effective in producing quality gloves for our customers in more than 170
countries worldwide. This initiatives not only drive growth and reduce costs, but more importantly, are in place to
prepare us to face future challenges with confidence.
16
Executive Chairman’s Statement (cont’d)
17
As in October 2005, the Group is supported by 11 modern glove manufacturing plants strategically
located in Malaysia, Thailand and China with a commendable production capacity of about 1.3 billion
pieces of gloves per month or about 15.3 billion pieces of gloves per year (and still increasing) from
our 183 highly efficient glove lines. The Group will continue to excel through its recipe of prudence,
resilience and innovation in continuously improving its quality, manufacturing process, product range
and standards. By December 2005, Top Glove will have 12 plants in operation with a total of 200
efficient glove production lines with a production capacity of 18 billion pieces of glove per annum.
At this point, I am also very pleased to inform that we have the technology to produce high quality
gloves at the most optimum cost. Some of our latest plants are supported by the state-of-the-art
production lines which are specifically built to operate at higher speeds to churn out more gloves
without compromising on the quality of the gloves.
The tag that an established brokerage firm placed on Top Glove, “a giant which is growing like a
start-up’ reflects the companys’ vibrant and impressive growth impetus. The latest operating profit of
our China PVC or vinyl plant showed an impressive and commendable quarter to quarter growth of
130%. This is truly an achievement to be reckoned with. In the pipeline is to invest in another plant in
China which not only produces PVC or vinyl gloves but also Polyethylene Gloves or PE gloves which
are highly sought after in the food and other industrial related sectors. On the local front, Top Glove
will continue to expand our production capacity in Klang.
Despite the intense hike in latex and crude oil prices, Top Glove continues to stand firm in moving on
and progressing in the market by having a tight reign and control over its operation costs through its
highly cost efficient production lines. Top Glove has learned to manage the increase in the cost of
raw materials well by getting its customers to share in the cost increases.
Our customers are responding positively to our very fair and reasonable price revisions when the
price of raw materials increases. However when the price of raw materials reduces, we have also
reciprocated accordingly. These moves have indirectly further strengthened our excellent rapport
with all our customers.
The success of the Company continues to be driven by its business philosophies:-

1) We work for our Customers;
2) We take care of the interests of our Shareholders;
3) We ensure that our Employees continue to contribute positively to the Company & we take
good care of the well-being of our Employees; and
4) We work closely with our Bankers, Suppliers, Business Associated and Friends.
Moving forward, with Top Glove’s strong financial footing and its determination to grow aggresively,
we will be able to carry out our strategic measures successfully resulting in another step closer to
capturing 25% of the world’s market by 2007.
Team Work
Indeed, Top Glove’s continuous successes are mainly attributed to the relentless effort of the man-
agement team and our employees who have demonstrated a high level of commitment, expertise
and ownership in being team players in the Company. I am proud to say that we have a strong
marketing and production team that has worked hard to serve our 650-over strong customer base
and playing an important role to export our high quality gloves to more than 170 countries in the
world. Their determination and strong will has brought Top Glove to another level of success in
meeting customers’ satisfaction.
Having said the above, I firmly believe that Top Glove’s strength lies in its strong teamwork, knowl-
edge coupled with accurate information and good interdepartmental communications. Imparting good
knowledge and continuously training our staff are key determining factors to have a dynamic com-
pany like Top Glove. It can come from the whole ecosystem of the business, staff, factory worker,
suppliers and customers.
18
Year to Year Comparison (12 months)
Sales Revenue Net Profit
RM642 million RM58 million
+54% +47%
RM418.1 RM39.5 2005
million 2005 million
2004 2004
Earnings per Share Return on Equity

31 sen 27%
+48% +13%
21 sen 2005 24% 2005
2004 2004
The Group has worked diligently to increase the efficiency of its operations and improve productivity via the adoption of new technology and
computerization and I must say that all these relentless efforts have been well rewarded.
We believe that the employees are our most valuable asset. With this, we are building a ‘knowledge’ and an “innovation” company, hence
continuous training and development remain crucial for all our employees.
Accolades and Accreditations

Top Glove was a winner for Finance Asia’s Annual Regional Best Managed Companies 2005 award with market capitalization of up to US$1
billion which is applicable to about 960 listed companies out of the approximately 1000 companies that are listed on the Malaysian Stock
Exchange, namely Bursa Malaysia Securities Berhad. The results were based on the regional investor poll, which consists of large regional
institutional investors and boutique fund managers. The Finance Asia group CEO, Mr. Foster Wright from Hong Kong, presented the award to
Top Glove at the Mandarin Oriental Hotel Kuala Lumpur on 4 May 2005
In recognition of its contribution to the Malaysian rubber industry, Top Glove was also awarded with the Anugerah Industri Getah 2005 (Rubber
Industry Award 2005) under the category of Big Factory for Latex Products by Lembaga Getah Malaysia (The Malaysia Rubber Board) at a
recent Award Presentation Night by the Board in Kuala Lumpur.
19
Last but not least, one of the most memorable represented an increase of 45% over the previous record pre-tax profit of
achievements for me in 2005 was the privilege to RM 45.19 million achieved in 2004 whilst net profit for the year under re-
represent Malaysia in the prestigious World Entre- view of RM 58.14 million was also 47% higher than the RM 39.54 million
preneur of the Year award by Ernst & Young in Monte achieved in 2004. Earnings per share improved to 31 sen from 21 sen in
Carlo, Monaco. Some 34 finest entrepreneurs from 2004 which was adjusted to reflect the subdivision of shares that was com-
around the world converged in this worldwide event pleted in February 2005. Return on equity continued to improve to 27 %
to honor entrepreneurs who have created and sus- as compared to 24 % in 2004.
tained successful, growing business ventures.
With good teamwork which contributed to Top Glove’s Total assets of the Top Glove Group increased from RM 315.4 million as at
resilient and strong performance, I am happy to re- the August 2004 to RM506.5 million in August 2005, an increase of 61%, a
ceive the 4th Asia Pacific/Malaysia e-Entrepreneur reflection of the Group increase in asset base.
Excellence Award 2005 under the category of Ex-
cellence Leadership by the Entrepreneur Develop- Dividends
ment Association on behalf of all my staff. Then again In line with the favorable results, the Board of Directors is pleased to rec-
in the month of September 2005, Top Glove has also ommend a final dividend of 6% (tax exempt) amounting RM5.7 million and
won The Enterprise 50 Award by Ministry of Interna- a 4% (with tax 28%) amounting to RM2.7 million for the financial year
tional Trade and Industry for the eighth year in a row ended 31 August 2005. The proposed final dividend is subject to the share-
since 1998 reflecting a healthy and dynamic com- holders’ approval in the forthcoming Seventh Annual General Meeting.
pany.
The company had on 5 April 2005 declared an interim dividend of 6.0% (tax
Group Performance exempt) amounting to RM5.6 million in conjunction with the third quarter
For the financial year ended 31 August 2005, the ended 31 May 2005 financial results announcement. Payment of the in-
Group continued to achieve another year of remark- terim dividend was made on 16 September 2005.
able revenue growth of 54 % to RM 641.83 million,
from RM418.13 million in 2004. The growth was Therefore, on a full year basis, subject to the shareholders approval for the
mainly attributed to the continued increase in cus- proposed final dividend, together with the interim dividend already declared
tomer base globally and unrelenting expansion un- and paid, represent a total dividend of 16% for the financial year ended 31
dertaken by the Group to increase its production August 2005 as compared to a total dividend of 14% for the financial year
capacity. ended 31 August 2004. The total dividend proposed / paid represents a
distribution to shareholders of 24.1% of the Group’s net profits for this fi-
In line with the above, the Group continued to turn in nancial year.
record profits for 2005. Pre-tax of RM 65.75 million
641,827 On 15 March 2005, the Company paid the final dividend of 6.0% tax ex-
empt and 3% (with 28% tax) amounting RM7.6 million in reference to the
financial year ended 31 August 2004 that was approved by the sharehold-
ers in the Annual General Meeting of the Company held on 11 January
2005.
418,133
Corporate Development
On 5 October 2004, the Company announced the proposed subdivision of
ordinary share, which involved the subdivision of shares in the Company
on the basis of two subdivided shares for every one existing share held by
265,089 the shareholders of Top Glove. In conjunction with this exercise, the Com-
pany also proposed that an amendment to the Memorandum and Articles
of Association of Top Glove, amongst others, be made to the following:
a) The subdivision to the par value of the then existing Top Glove ordi-
180,202 nary share of RM1.00 each to RM0.50 each and
b) The alteration of the authorised share capital of Top Glove of RM200
million comprising of 200 million shares into RM200 million compris-
ing 400 million subdivided shares is made.
31/08/2002
31/08/2003
31/08/2004
31/08/2005
The rationale for the subdivision of shares was to make the share price of
the company more affordable to shareholders and potential investors in
addition to also increasing the liquidity and marketability of the shares of
the Company. The entire issued and paid-up capital of RM93,679,500 com-
Growth in Turnover (inRM’000)
prising 187,359,000 ordinary share of RM0.50 each after the subdivision of
shares was granted listing and quotation on 16 February 2005.
20
On 1 August 2005, Commerce International Merchant Bankers Berhad announced on behalf of

the company on its proposal to issue Murabahah/Ijarah Commercial Papers (“Islamic CP”) of up
to RM100 million in nominal value and Murabahah/Ijarah Medium Term Notes (“Islamic MTN”
bond) of up to RM100 million in nominal (Collectively to be defined as “Islamic Securities”)
In relation to this, the Malaysian Rating Corporation Berhad has accorded short and long term
rating of MARC-1 ID and AA-ID to the Islamic CP and Islamic MTN issuance. The rating reflects the
Group’s position as the world’s largest rubber glove manufacturer, its aggressive expansion ca-
pacity underpinned by increasing demand for rubber gloves, consistently strong financial profile
characterised by stable operating margins and historically low debt leverage and the Group’s
prudent and strong management.
The Islamic Securities was also approved by the Securities Commission vide its letter dated 4
October 2005.
The mode of issue of the Islamic CPs will be via competitive tender or direct placement on a best
effort basis or bought deal basis whilst the Islamic MTNs will be issued via direct placement on a
best effort basis or a bought deal basis or book running on a best effort basis. The issue proceeds
arising from the Islamic Securities will be utilised by the Company in the following manner:
1) Refinancing the borrowings of the Group

2) Financing capital expenditure of the Group; and
3) Financing the working capital requirements of the Group.
On 12 September 2005, the Company also announced that Top Glove Sdn Bhd, a wholly-owned
subsidiary of the Company, had incorporated a new company in China, Great Glove (Xinghua)
Co Ltd. for the purpose of setting up a 2nd vinyl glove factory in China. The said factory is currently
under construction.
Prospect
Although Top Glove is the largest glove manufacturer in the world, opportunities for growth re-
main bright.
The increase in global demand for gloves continue to surge due to the greater awareness in
health standards among global consumers and also the increase in the need for gloves arising
from unexpected natural disasters.
By December 2005, with a huge capacity of 18 billion gloves per annum, the Group is anticipated
to supply approximately 18% of the global market. The Company is confident that there is still a
lot of room for improvement even if Top Glove doubles up its capacity in the next 2 to 3 years.
We will also continue to identify strategic partnerships and alliances with overseas business
entities by continuously tapping on their expertise in those regions.
Top Glove will continue to expand internally to continue enjoying good economies of scale and at
the same time not compromising on the quality of our gloves. Our highly diversified market is
another strategy in ensuring that we do not depend only on certain sectors. Long term strategies
are already in place as we are no longer dependant on the medical industry alone, our customer
base now includes the Food Processors, Veterinary, Dental, Government Sector (Customs),
Manufacturing, Beauty & Saloon, Mechanical, Laboratory and Household General Cleaning us-
age. This had further given the Group a significant growth in market share in non traditional
market segments.
21
CARING CORPORATE CITIZEN

The Group aims to set a good example to fellow Malaysian companies by champi-
oning the exports of “Made-in-Malaysia” products to the world. Our winning of the
Rubber Industry Award had proven our efforts. We will strive to further improve our
global positioning by promoting the “Made-in-Malaysia” rubber gloves to protect,
enrich and enhance human lives to all corners of the world.
As a socially responsible corporate citizen, the Group’s charitable program reaches

all levels of the society. We have been providing gloves for the local St. John Ambu-
lance on a quarterly basis. We believe our gloves will be put into good use and
protect these good Samaritans in discharging their services to the public.
The Group has also re-designed the powder-free glove process to use only minimal
chlorine as it reduces air pollution by residual chlorine gas and generation of chlo-
ride in the water system. On top of that, efficient chlorine detector devices are
installed at the production plant to ensure low level of chlorines used and to detect
any leakages of the gas and smell that is harmful to the environment.
Besides the above, a scholarship scheme has been initiated to the poor and needy
students that are determined to make a difference in their lives through academic
studies. The company further offers job opportunities for these students after hav-
ing completed their studies in the learning institutions. The Group also provides
industrial training for university students as part of their course requirements.
In gratitude
I would like to take this time to express my gratitude and sincere appreciation to my
fellow directors for their guidance and counsel, our loyal customers, bankers, busi-
ness associates, shareholders, fund managers and investment analysts. We take
pride in being your choice of companies to work and invest in. We would also like to
thank all our regulatory bodies for their endless support towards our products and
our factories.
The Company’s success also belongs to the dedicated Top Glove’s staffs, their
contribution and the show of ownership encourages us to strive on to continue to be
The World’s Largest Rubber Glove Manufacturer .
Dato’ Dr Lim, Wee-Chai,

Executive Chairman / Managing Director,
Top Glove Corporation Berhad.
Date: 28 October 2005.
22
KENYATAAN PENGERUSI
EKSEKUTIF
Kepada Pemegang-Pemegang Saham,
Tahun demi tahun, penyata misi kami telah memberi mempunyai 12 kilang yang beroperasi dengan jumlah 200 buah mesin yang cekap
petunjuk yang berterusan dalam usaha untuk dengan kapasiti pengeluaran sebanyak 18 billion helai sarung tangan setahun.
mempertingkatkan operasi dan membina sebuah syarikat
yang mempunyai nilai kepada pemegang-pemegang Di sini, saya sukacita memaklumkan bahawa kami mempunyai teknologi untuk
menghasilkan sarung tangan berkualiti tinggi pada kos yang optima. Kilang kami
saham kami. Kini, kami masih lagi memberi tumpuan
mempunyai lebih daripada 50% mesin mesin-mesin baru until menghasilkan sarung
dalam asiprasi strategik untuk mengekalkan kedudukan
tangan yang berkualiti tinggi tanpa mengabaikan kualiti produk kami.
kami sebagai sebuah syarikat pengeluaran sarung
tangan dan juga pengeksport yang terulung di dunia. Salah satu penyataan yang diberi oleh syarikat broker saham terhadap Top Glove
ialah “sebagai satu gergasi yang berkembang dari titik permulaan” memaparkan satu
Pemandangan Ringkas asas syarikat yang stabil and berpergaruh. Keuntungan operasi kami yang terkini di
Tahun 2005 menjadi satu cabaran and tarungan bagi Top Glove kilang PVC di China menunjukkan kejayaan meningkat ke 130 peratus. Ini merupakan
dan industri sarung tangan secara keseluruhannya. Walaupun satu pencapaian yang patut dibanggakan. Di dalam perancangan Top Glove juga,
dengan kenaikan harga bahan mentah dan minyak mentah, kami akan membina sebuah factory lagi, bukan sahaja menghasilkan sarung tangan
Kumpulan masih meneruskan peningkatan dari segi jualan dan PVC tetapi juga menghasilkan sarung tangan Pulyethylene atau PE yang mempunyai
keuntungan, satu tradisi yang kami mempertahankan untuk selama permintaan tinggi di kalangan industri pemakanan atau yang berkaitan. Malah di
satu dekad. Untuk memperkuatkan kedudukan kami, Top Glove Malaysia, Top Glove akan tetap meningkatkan kadar kapasiti pengeluaran kami di
akan meneruskan usaha agresif dari segi pengembangan kapasiti kilang-kilang di Klang.
untuk memperolehi pasaran yang lebih besar dalam permintaan
sarung tangan secara global yang dijangkakan akan meningkat Walaupun dengan kenaikan harga bahan mentah seperti susu getah dan juga minyak
pada kadar yang menggalakkan. Permintaan ini disebabkan oleh mentah, Top Glove masih lagi dapat beroperasi dan berdiri teguh dengan kawalan
peningkatan dalam kesedaran dalan segi kesihatan di kalangan kos pengeluaran yang baik melalui mesin pengeluran kami yang cekap. Top Glove
pengguna dan kewujudan virus-virus baru. telah mengurangkan bebanan kenaikan cost pengeluaran dengan berkongsi kenaikan
harga bahan mentah dengan pelanggan-pelanggan kami.
Arah tujuan Top Glove telah disusun dengan memberi tumpuan
kepada perkembangan dinamik syarikat untuk tahun-tahun yang Pelanggan-pelanggan kami menerima kenaikan harga secara positif apabila harga
akan datang. Untuk berdaya saing dalam arena perniagaan bahan mentah meningkat. Sebaliknya jika harga bahan mentah menurun, kami akan
global, setiap jabatan mesti dilatih untuk mencapai kecemalangan memberi menurunkan harga sarung tangan kepada pelanggan kami. Cara
secara konsisten dalam bidang pengkhususan masing-masing penyesuaian dan pengubahan harga ini telah diterima dengan baik dan telah
semoga mencapai perkembangan pade mada yang kritikal mengeratkan lagi hubungan perniagaan kami dengan pelanggan-pelanggan kami.
ini.Dengan budaya kerja berpasukan, usaha-usaha pemasaran
yang agresif ke seluruh dunia dan penekanan dalam aspect Kejayaan syarikat adalah berdasarkan falasafah perniagaannya iaitu:
Penyelidikan & Pembangunan membolehkan kami mencapai tahap 1) Kami bekerja untuk pelanggan kami
produktiviti serta keberkesanan kos dalam usaha menghasilkan 2) Kami mengambil berat faedah-faedah pelaburan pemegang-pemegang saham
sarung tangan yang bermutu untuk pelanggan-pelanggan kami kami.
dari lebih 170 buah negara di seluruh dunia. Saya dengan 3) Kami memastikan yang pekerja-pekerja kami menyumbang dengan cara positif
gembiranya ingin mengumumkan bahawa Top Glove mempunyai kepada syarikat dan sebaliknya pula kami menjaga kebajikan pekerja-pekerja
nilai-nilai positif dan telah menempatkan kedudukannya yang kami., dan
strategic di dalam industri sarung tangan. Usaha-usaha ini bukan 4) Kami bekerjasama dengan rakan-rakan dari Bank, rakan niaga dan juga sahabat
sahaja dapat mempertingkatkan pertumbuhan dan keberkesanan niaga.
kos , tapi yang terpenting, adalah bersedia untuk menghadapi
cabaran pada masa akan datang dengan penuh keyakinan. Dengan keupayaan dan juga kekuatan kewangan Top Glove yang mempunyai dasar
yang kukuh, serta di dorong keinginan untuk berkembang secara agresif, kami akan
Pada Oktober 2005, Kumpulan disokongan oleh 11 buah kilang mampu untuk menjalankan beberapa penilaian yang strategik bagi mencapai impian
pengeluaran sarung tangan moden yang terletak secara strategik kami untuk terus memperbesarkan pasaran kami pada kadar 25% daripada pasaran
di Malaysia, Thailand dan juga China dengan kapasiti pengeluaran dunia pada tahun 2007 yang akan datang.
lebih kurang1.3 billion helai sarung tangan sebulan ataupun 15.3
billion helai setahun (masih meningkat) daripada 183 buah mesin Kerjasama Berpasukan
pengeluaran yang cekap. Dengan pengunaan teknologi moden Kejayaan Top Glove adalah hasil sumbangan daripada pihak pengurusan dan juga
dan sikap berjimat cermat, Top Glove sudah mempertingkatkan pekerja-pekerja yang telah menunjukan sikap yang bertanggungjawab, penglibatan,
kuality proses pengeluaran tanpa menjejaskan mutu barangan dan kemahiran dalam kerjasama berpasukan di dalam syarikat. Saya amat berbangga
pengeluaran kami. Pada Disember 2005, Top Glove akan kerana mempunyai satu kumpulan pemasaran yang agresif dan pekerja – pekerja
23
kilang yang berkerja kuat untuk memenuhi permintaan lebih dari 650 pelanggan- % lebih tinggi berbanding RM 39.45 juta bagi tahun 2004. Keuntungan
pelanggan kami. setiap saham (EPS) juga meningkat kepada 31sen berbanding 21sen di
capai pada 2004 yang telah diubah untuk menampilkan pembahagian
Sokongan daripada mereka telah membawa sarung tangan kami kepada 170 saham yang telah diselesaikan pada bulan Februari 2005. Pemulangan
buah negara. Sikap berdedikasi serta daya pencapaian yang kuat itu telah Ekuiti juga telah meningkat kepada 27 % berbanding 24% pada 2004.
meletakkan Top Glove ke satu tahap kejayaan yang mampu memenuhi
permintaan pelanggan. Jumah asset Kumpulan Top Glove juga meningkat dari RM 315.4 juta pada
Ogos 2004 kepada RM 507.23 juta pada Ogos 2005, satu peningkatan
Walaupun dengan sikap yang saya nyatakan di atas itu, saya juga percaya 61%, satu lagi penampilan bagi Kumpulan dalam dasar asetnya.
kekuatan Top Glove adalah atas kekuatan kerjasama berpasukan, ilmu serta
maklumat tepat dan kerjasama komunikasi antara jabatan. Dengan berkongsi Dividen
ilmu pengetahuan dan sentiasa melatih pekerja-pekerja kami adalah merupakan Selaras dengan keputusan kewangan yang membanggakan, Lembaga
kunci penentuan untuk syarikat seperti Top Glove. Ianya adalah dari sistem Pengarah dengan bangganya mengumumkan dividen terakhir 6% (tanpa
ekologi perniagaan, pekerja, rakan kerja dan juga pelanggan kami. cukai) yang berjumlah RM5.7 juta dan juga 4% (cukai 28%) yang berjumlah
kepada RM2.7 juta untuk tahun kewangan berakhir 31 Ogos 2005.
Kumpulan kami telah dengan tekunnya meningkatkan kecekapan pengoperasian Dividend akhir yang dicadangkan ini adalah tertakluk kepada kelulusan
dan peningkatan produktiviti melalui penerimaan teknologi baru dan juga pemegang-pemegang saham pada Mesyuarat Agung Ke 7 yang akan
penggunaan komputer, kesemua ini boleh saya katakan adalah satu usaha yang datang.
mendapat ganjaran.
Pada 5 April 2005, syarikat telah mengumumkan dividen interim 6% (tanpa
Penghormatan dan Penganugerahan cukai) yang berjumlah RM5.6 juta bersamaan dengan pengumuman
Top Glove adalah merupakan pemenang Anugerah Syarikat Terbaik 2005 oleh keputusan kewangan yang berakhir 31 Mei 2005. Pembayaran dividen
Finance Asia. Anugerah ini adalah untuk syarikat yang mempunyai modal interim ini telah dilakukan pada 16 September 2005.
pasaran berjumlah US 1 billion yang mana cuma 960 buah syarikat daripada
1000 syarikat yang tersenarai di Bursa Malaysia. Keputusan ini adalah Oleh itu untuk tahun sepenuhnya, tertakluk kepada kelulusan pemegang-
berdasarkan undian pelabur-pelabur institusi rantau Asia dan juga pengurus- pemegang saham untuk dividen terakhir yang dicadang itu, bersamaan
pengurus dana. Ketua Pegawai Eksekutif Fianance Asia, Foster Wright dari dengan dividen interim yang diistiharkan dan juga telah dibayar, ia mewakili
Hong Kong telah menyampaikan anugerah itu kepada Top Glove di Hotel jumlah 16 % untuk tahun kewangan berakhir 31 Ogos 2005 berbanding
Mandarin Oriental, Kuala Lumpur pada 4 May 2005. dengan jumlah dividen 14% untuk tahun kewangan 31 Ogos 2004. Jumlah
dividen yang dicadangkan telah dibayar kepada pemegang-pemegang
Atas sumbangan kami terhadap industri getah di Malaysia, Top Glove juga telah saham itu mewakili 24.1% daripada keuntungan bersih Kumpulan untuk
dianugerahkan Anugerah Industri Getah 2005 di bawah kategori Kilang Besar tahun kewangan 2005.
untuk hasil barangan getah oleh Lembaga Getah Malaysia di dalam satu Majlis
Penganugerah oleh Lembaga di Kuala Lumpur. Pada 15 Mac 2005, Syarikat telah membayar dividen akhir 6 % (tanpa
cukai) dan 3% (dengan cukai 28%) berjumlah RM 7.6 juta bagi tahun
Satu lagi penghormatan yang sangat membanggakan bagi saya untuk tahun kewangan 31 Ogos 2004 yang telah diluluskan oleh pemegang saham di
2005 adalah mewakili Malaysia ke Majlis Penganugerahan Usahawan Dunia Mesyuarat Agung tahunan yang diadakan pada 11 Januari 2005.
oleh Ernst & Young di Monte Carlo, Monaco. Seramai 34 usahawan dari seluruh
pelusuk dunia telah berkumpul untuk meraikan kejayaan dan memberi Pembangunan Korporat
penghormatan kepada usahawan yang masing–masing merupakan individu yang Pada 5 Oktober 2004, Syarikat telah mengumumkan cadangan
bejaya dalam bidang mereka. pembahagian saham biasa yang melibatkan pembahagian saham Syarikat
pada dasar setiap satu saham yang dipegang oleh pemilik saham Top
Juga dengan semangat berpasukan yang membolehkan Top Glove berjaya, Glove akan dibahagikan kepada dua bahagian. Selaras dengan usaha
saya juga dengan bangganya menerima Anugerh Kejayaan e-Usahawan 2005 ini, Syarikat juga mencadangkan pengubahan kepada Memorandum and
yang ke 4 Asia Pasifik/Malaysia di bawah kategori Kepimpinan Cemerlang oleh Articles of Association bagi Top Glove, kepada yang berikutnya,
Persatuan Pembangunan Usahawan. Sekali lagi dalam bulan September 2005, a) Pembahagian saham pada nilai par untuk saham biasa Top Glove
Top Glove juga telah dianugerahkan Anugerah Enterprise 50 oleh Kememnterian daripada nilai RM1 kepada RM 0.50, dan
Perdagangan Antarabangsa dan Perindustrian utuk tahun kelapan berturut-turut b) Pengubahan pada modal saham dibenarkan Top Glove yang
sejak 1998, ini telah melambangkan keupayaan dan dinamik Top Glove. berjumlah RM 200 juta yang mewakili 200 juta saham kepada RM
200 juta yang mewakili 400 juta saham yang terbahagi telah dilakukan.
Perlaksanaan Kumpulan
Untuk tahun kewangan berakhir 31 Ogos 2005, Kumpulan telah berjaya Tujuan pembahagian saham ini adalah untuk membolehkan harga saham
mencapai satu lagi pertumbuhan kewangan 54% kepada RM641.83 juta, dari syarikat lebih berpatutan untuk pelabur-pelabur yang berpotensi dan untuk
RM418.13juta pada tahun 2004. Pertumbuhan ini adalah khususnya atas pemegang-pemegang saham berdaya saing. Selain dari itu, ia dapat
peningkatan berterusan dalam jumlah pelanggan dan juga perlaksanaan meningkatkan pemasaran saham dan jumlah saham syarikat. Keseluruhan
rancangan yang dilakukan oleh Kumpulan untuk meningkatkan produktiviti. modal yang diluluskan dan juga modal berbayar berjumlah RM 93,679,500
yang membentuk 187,359,000 saham biasa bernilai RM0.50 setiap satu
Selaras dengan itu, Kumpulan juga telah menonjolkan keuntungan yang selepas pembahagian saham itu diluluskan untuk pasaran pada 16 Februari
memberangsangkan untuk tahun 2005. Keuntungan sebelum cukai sebanyak 2005.
RM65.75 juta telah mewakili peningkatan 45 % berbanding keuntungan sebelum
cukai RM 45.19 juta yang dicapai dalam tahun 2004 dan juga keuntungan bersih Pada 1 Ogos 2005, Commerce International Merchant Bankers Berhad
RM 58.14 juta untuk tahun kewangan yang berkenaan (2005) juga memapar 47 bagi pihak Syarikat telah mengumumkan cadangan menghasilkan
24
Murabahah/Ijarah Commercial Papers (Islamic CP) pada nilai nominal

sebanyak RM100 juta dan Murabahah/Ijarah Medium Term Notes
(Islamic MTN bond) yang berjumlah pada nilai nominalRM 100 juta
yang pelbagai adalah satu lagi strategi supaya kami tidak hanya bergantung kepada
(Selepas ini dikenali sebagai “Sekuriti Islam”)
sesuatu sektor sahaja. Strategi jangka panjang sudah di rancang supaya kami tidak
hanya bergantung kepada sektor kesihatan sahaja, malahan kumpulan sasaran
Sehubungan dengan ini, Malaysian Rating Corporation Berhad juga
pelanggan kami juga kini melibatkan syarikat pembuatan makanan, sektor perubatan
telah menganugerahkan penilaian jangka pendek dan panjang MARC-
binatang, pergigian, kerajaan (Kastam), mekanikal, makmal, sektor kecantikan dan salon
1 dan AA3 kepada CP Islam dan juga MTN Islam ini. Penilaian ini
serta juga kegunaan am di rumah. Ini dapat memberi Kumpulan satu pertumbuhan di
memaparkan posisi Kumpulan sebagai pembuat sarung tangan yang
dalam pasaran yang bukan tradisional dalam penggunaan sarung tangan.
terbesar di dunia, peringkatan dari segi kapasiti pengeluaran untuk
sarung tangan yang agresif disebabkan oleh permintaan yang
Tanggungjawab Korporat
meningkat, berserta dengan profil kewangan syarikat yang kukuh,
Kumpulan ini bertujuan untuk menjadi contoh kepada syarikat-syarikat Malaysia yang
dasar operasi yang stabil serta jumlah liability yang rendah, kesemua
mengutamakan pengeksportan barangan buatan Malaysia ke pasaran dunia. Usaha
ini memaparkan satu sistem pengurusan syarikat yang kukuh.
kami telah terbukti dengan memenangi Anugerah Industri Getah. Kami juga akan
berusaha untuk mempertingkatkan kedudukan kami di dunia dengan mempromosikan
Sekuriti Islam ini telah diluluskan oleh Suruhanajaya Sekuriti dalam
Barangan Buatan Malaysia khususnya sarung tangan getah untuk melindungi dan
suratnya yang bertarikh 4 Oktober 2005.
mempertingkatkan taraf kesihatan dan kehidupan manusia di seluruh pelusuk dunia.
Cara Islam CP ini dihasilkan melalui “competitive tender” atau “direct

Sebagai sebuah korporat yang bertanggungjawab, kami juga aktif dalam program
placement on a best affort basis” atau “bought deal basis”, manakala
pendermaan seluruh peringkat dalam masyarakat. Kami telah menderma sarung tangan
Islamic MTN pula melalui “direct placement on a best affort basis”
kepada pasukan St John Ambulance pada kadar setiap suku tahun. Kami percaya
atau “bought deal basis” atau “book running on a best effort basis”.
sarung tangan ini telah digunakan dengan baik untuk melindungi mereka dalam usaha
Hasil daripada Sekuriti Islam ini akan digunakan oleh Syarikat secara
menyelamatkan nyawa.
demikian:-
1. Membayar balik pinjaman Kumpulan,
Kami juga telah mengubahsuai proses pembuatan sarung tangan tanpa serbuk (powder
2. Pinjaman bagi perbelanjaan kapital Kumpulan; dan
free) yang hanya menggunakan klorin pada kadar yang minima, penggunaan gas klorin
3. Pinjaman bagi keperluan perbelanjaan Kumpulan.
yang berlebihan akan menyebabkan pencemaran udara dan air. Selain daripada itu
kami juga menempatkan alat pengesan klorin di kilang kami bagi mengesan dan
Pada 12 September 2005, Syarikat telah mengumumkan Top Glove
memastikan penggunaan klorin adalah rendah dan juga untuk memastikan yang tidak
Sdn Bhd, anak syarikat Top Glove telah menubuhkan sebuah syarikat
terdapat kebocoran gas yang membawa kesan buruk kepada persekitaran.
baru di China, Great Glove (Xinhua) Co Ltd bagi tujuan pembinaan
kilang sarung tangan vinyl yang kedua di China. Kilang ini kini masih
Selain dari itu, kami juga menawarkan skim biasiswa kepada pelajar-pelajar miskin dan
lagi dalam fasa pembinaan.
kurang berkemampuan. Dengan bantuan ini, kami berharap dapat mengubah kehidupan
mereka melalui pencapaian akademik. Syarikat juga menawarkan peluang pekerjaan
Prospek
kepada mereka yang telah tamat pembelajaran. Selain dari itu kami juga memberi
Walaupun Top Glove merupakan pengeluar sarung tangan yang
latihan industri kepada pelajar-pelajar institusi penggajian tinggi sebagai memenuhi
terbesar didunia, namun peluang untuk berkembang masih lagi cerah.
sebahagian darpada keperluan kursus mereka.
Peningkatan di dalam permintaan global untuk sarung tangan terus
Sekalung Budi
meningkat berdasarkan peringkatan mengenai aspek kesedaran dari
Saya ingin mengambil kesempatan ini untuk menyatakan kesyukuran dan penghargaan
segi kesihatan di kalangan pengguna-pengguna global dan juga
saya kepada lembaga pengarah atas tunjuk ajar dan bimbingan mereka, pelanggan-
peningkatan permintaan global yang di sebabakan factor bencana
pelanggan, bank, rakan niaga, pemegang saham, pengurus dana dan juga penganalisa
alam dan malapetaka.
pelaburan. Kami sentiasa berasa bangga menjadi syarikat pilihan yang memenuhi
kehendak pelaburan mereka. Kami juga ingin mangambil peluang ini untuk mengucapkan
Pada Disember 2005, dengan kadar kapasiti pengeluaran 18 billion
terima kasih kepada badan-badan kerajaan di atas sokongan yang berterusan terhadap
sarung tangan setahun, Kumpulan menjangka akan dapat memenuhi
produk dan juga Syarikat kami.
permintaan sebanyak lebih kurang 18 peratus daripada keperluan
pasaran dunia. Syarikat amat yakin terdapat banyak peluang untuk
Kejayaan Syarikat adalah atas usaha dan sumbangan yang mengalakkan dari pekerja-
berkembang walaupun Top Glove akan meningkatkan kadar
pekerja Top Glove, untuk meneruskan kedudukan kami sebagai Pengeluar Sarung
pengeluaran kapasitinya pada 2 hingga 3 tahun yang akan datang.
Tangan Getah Yang Terbesar Di Dunia.
Kami akan terus mengenalpasti rakan kongsi perniagaan dari syarikat

luar negara dengan kepakaran mereka di rantau yang berkenaan.
Pengerusi Eksekutif / Pengarah Urusan
Top Glove akan terus berkembang supaya kami mampu mendapat
Top Glove Corporation Berhad
faedah dari skala ekonomi dan pada masa yang sama masih
Tarikh : 28 Oktober 2005
mengeluarkan produk yang bermutu tinggi. Sasaran pasaran kami
25
26
27
Corporate Song
Top Glove Corporate Song Pleng Bor Ri Sat Top Glove
Lagu Syarikat Top Glove
28
Corporate Governance Statement
Top Glove Corporation Bhd ("Top Glove" or the "Company") recognizes that its existence in the business
community relies on the support, trust and confidence of our shareholders, business associates, customers,
suppliers, financiers and various other group of stakeholders with whom it interacts and/or conducts business
with.
Its Board of Directors is therefore committed to formulate policies and direct the Company to achieve its objectives by enhancing
shareholders’ value with corporate accountability and openness, taking into account the interests of other stakeholders.
The Board of Directors recognises the importance of the role of good corporate governance in assisting the Company to achieve its
corporate mission and in enhancing its shareholders’ value. Thus, the Board of Directors is committed to ensure that the corporate
governance adopted by the Company is in line with the principles set out in Part 1 of the Malaysian Code on Corporate Governance
("the Code") to the Company’s particular circumstances. The Board further acknowledges the recommended best practices as set out
in Part 2 of the Code and continues to evaluate the status of the practices and the adopted alternatives.
THE BOARD OF DIRECTORS
Top Glove is led by an experienced Board comprising members who are specialised in the glove manufacturing and various business
sectors supported by a wide range of other professionals in the legal and accounting sectors. This wide spectrum of skills and experience
provide the strength that is needed to lead the Company to meet its objectives and enable the Company to rest in the firm control of an
accountable and competent Board of Directors.
The Board currently comprises nine (9) members: five (5) executive directors including the Executive Chairman / Managing Director,
three (3) independent non-executive directors and one (1) non-executive director. The composition reflects a balance of executive
directors and non-executive directors (including independent non-executive directors) such that no individual or small group of individuals
can dominate the Board’s decision making. A brief description of the background of each Director is presented on pages 10 to 14 of this
Annual Report.
The Board has identified Mr Quah Chin Chye as the senior independent non-executive director to whom concerns may be conveyed
where it could be inappropriate for the concerns to be dealt with by the Chairman or the Managing Director.
The Board meets quarterly to review its quarterly performances and discuss new policies and strategies. Additional meetings will be
called as and when necessary. During the financial year ended 31 August 2005, four (4) Board Meetings were held and the attendance
of Board members are as follows:
Name of Director No. of Meetings

Attended
Dato’ Dr. Lim, Wee-Chai 4/4

Tan Sri Datuk (Dr) Arshad Bin Ayub 4/4
Datin Tong Siew Bee 3/4
Haji Shahadan Bin Haji Abd Manas 4/4
Lim Hooi Sin 4/4
Sekarajasekaran a/l Arasaratnam 4/4
Lau Boon Ann 4/4
Quah Chin Chye 4/4
Lee Kim Meow (Also an Alternate
Director to Lim Hooi Sin) 4/4
Top Glove Corporation Berhad / Annual Report 2005 29

(cont’d)
All of the above meetings were held in the Company’s Board Room at Lot 4969, Jalan Teratai, Batu 6, Off Jalan Meru, 41050 Klang,
Selangor Darul Ehsan, Malaysia.
All the Board members have attended the Mandatory Accreditation Programme conducted by Bursatra Sdn Bhd. Directors are encouraged
to attend continuous education programmes and seminars to keep abreast with relevant changes in laws and regulations and the
development in the market place. It is the Company’s intention that each new Director is given a comprehensive briefing on the
Company’s history, operations, financial control system and plant visit to enable them to have first hand understanding of the Company’s
operation. This orientation programme had been implemented since 31 December 2001.
Clear demarcation of duties, responsibilities and authority are being practiced by the Board. The position of Executive Chairman and
Managing Director is held by Dato’ Dr. Lim, Wee-Chai. The Executive Chairman/Managing Director is primarily responsible for the
orderly conduct of the board meetings and workings of the Board. The Executive Chairman/Managing Director, assisted by the Executive
Directors is subject to the control of the Board and is responsible for the implementation of Board policies, making operational decisions
and monitoring the day-to-day running of the business. He also defines the limits of the management’s responsibilities. The Executive
Directors are responsible for the day-to-day operations of the Group whereby operational issues and problems are discussed, major
transactions and matters relating to the Group are reviewed and also to formulate operational strategies.
The non-executive Directors are to deliberate and discuss policies and strategies formulated and proposed by the management with
the view of the long-term interests of all stakeholders. They contributed to the formulation of policies, and decision making using their
expertise and experience. They also provide guidance and promote professionalism to the management.
The presence of the independent non-executive Directors are essential as they provide the unbiased and independent view, advice
and judgement as well as to safeguard the interest of other parties like minority shareholders and the community.
In accordance with the Company’s Articles of Association, all Directors who are appointed by the Board are subject to retirement at the
first Annual General Meeting ("AGM") of the Company subsequent to their appointment. One third (1/3) of all the other Directors shall
retire by rotation at each AGM provided always that all Directors shall retire from office at least once in three (3) years. The Directors
retiring from office shall be eligible for re-election by the shareholders.
Directors standing for re-election at the AGM of the Company to be held are Dato’ Dr. Lim, Wee-Chai, Mr. Lim Hooi Sin, Tan Sri Datuk
(Dr) Arshad Bin Ayub, Mr. Sekarajasekaran a/l Arasaratnam and Tuan Haji Shahadan Bin Hani Abd Manas.
The Board has delegated certain responsibilities to several Board Committees which operates within clearly defined terms of reference.
The Chairman of the various Committees will report to the Board the outcome of the Committee meetings and such reports are
incorporated in the minutes of the Board meetings. The various Committees are:
Audit Commitee
This Committee was established on 5 September 2000. The terms of reference of the Audit Committee was reviewed by the Board and
all the members of the Committee were re-nominated and re-appointed on 4 September 2005. The terms of office of the Committee is
two (2) years and may be re-nominated and re-appointed by the Board. Its role and function is to assist the Board in overseeing the
Group’s activities within its clear defined terms of reference. Best Practices BB Part 2 and Part 4 of the Code and Paragraph 15.13 of
Bursa Malaysia Securities Berhad Listing Requirements ("Bursa Securities LR") spell out the duties of an Audit Committee. The scope
of duties of Top Glove’s Audit Committee includes primarily the duties detailed therein. Pursuant to Paragraph 15.26 of Bursa Securities
LR, the Audit Committee Report for the current financial year can be found in pages 38 to 42 of this Annual Report which also contain
other information as required under the Code.
The Board shall review the term of office and performance of the Audit Committee and each of its members at least once every two (2)
years to determine whether such Audit Committee and members have carried out their duties in accordance with their terms of reference.
The Board has full access to both internal and external auditors and receive reports on all audits performed via this Committee.
30 Top Glove Corporation Berhad / Annual Report 2005

(cont’d)
Nomination Committee
This Committee was established on 7 November 2001. The terms of reference of the Nomination Committee was reviewed by the
Board and all the members of the Committee were re-nominated and re-appointed on 4 September 2005. The terms of office of this
Committee is two (2) years and may be re-nominated and re-appointed by the Board. Its role is to assist the Board of Directors in their
responsibilities in nominating new nominees to the Board of Directors. The Nomination Committee shall also assess the performance
of the Directors of the Company on an on-going basis. The members of the Nomination Committee are as follows:
(a) Tan Sri Datuk (Dr) Arshad Bin Ayub

(Independent Non-Executive Director) - Chairman
(b) Lau Boon Ann

(Non-Executive Director)
(c) Sekarajasekaran a/l Arasaratnam

(Independent Non-Executive Director)
(d) Quah Chin Chye

The duties and responsibilities of the Nomination Committee are as follows:
● To recommend to the Board of Directors, candidates for all directorships to be filled by the Shareholders or the Board of Directors;
● To consider, in making its recommendations, candidates for directorships proposed by the Managing Director and, within the
bounds of practicability, by any other senior executive or any Director or Shareholder;
● To recommend to the Board of Directors the nominees to fill the seats on Board Committees;
● To assess the effectiveness of the Board of Directors as a whole and each individual Directors/Committees of the Board;
● To act in line with the directions of the Board of Directors; and
● To consider and examine such other matters as the Nomination Committee considers appropriate.
Remuneration Committee
This Committee was established on 7 November 2001. The terms of reference of the Remuneration Committee was reviewed by the
Board and all the members of the Remuneration Committee were re-nominated and re-appointed on 4 September 2005. The terms of
office of this Committee is two (2) years and may be re-nominated and re-appointed by the Board. Its role is to assist the Board of
Directors in their responsibilities in assessing the remuneration packages of the executive directors. The members of the Remuneration
Committee are as follows:
(a) Dato’ Dr. Lim, Wee-Chai

(Executive Chairman / Managing Director) - Chairman
(b) Sekarajasekaran a/l Arasaratnam

(c) Lau Boon Ann

(Non-Executive Director)

(cont’d)
The duties and responsibilities of the Remuneration Committee are as follows:
● To review and assess the remuneration packages of the executive directors in all forms, with or without other independent
professional advice or other outside advice;
● To ensure the levels of remuneration be sufficiently attractive and be able to retain directors needed to run the Company successfully;
● To structure the component parts of remuneration so as to link rewards to corporate and individual performance and to assess the
needs of the Company for talent at Board level at a particular time;
● To recommend to the Board of Directors the remuneration packages of the executive directors;
● To act in line with the directions of the Board of Directors; and
● To consider and examine such other matters as the Remuneration Committee considers appropriate.
Directors’ Remuneration
1) Aggregate remuneration of Directors categorized into appropriate components are as follows:
Benefits
Salaries Fees Bonus in-kind Total
RM’000 RM’000 RM’000 RM’000 RM’000
Executive
Directors 1,681 159 247 49 2,136
Non-Executive
Directors 0 118 0 0 118
2) Directors’ remuneration are broadly categorized into the following bands:
Number of Directors
Range of Remuneration Executive Non-Executive
Below RM50,000 0 4
RM100,001 to RM200,000 2 0
RM200,001 to RM400,000 2 0
RM1,200,001 to RM1,300,000 1 0
The only area of non-compliance with the Code is the recommended disclosure of details of the remuneration of each Director. At
this point, the Board of Directors is of the view that disclosure of the remuneration bands of the Directors of the Company is
sufficient to meet the objectives of the Code.

(cont’d)
ESOS Option Committee
The Company, with approval of the shareholders during its Extraordinary General Meeting ("EGM") held on 9 January 2003, has
implemented the ESOS ("Employees’ Share Option Scheme") officially on 29 April 2003.
An ESOS Option Committee was appointed by the Board on 11 April 2003 to oversee the administration as well as to ensure proper
implementation of the ESOS according to the Bye-laws of the scheme. Currently the ESOS Option Committee comprises the following
members:
● Dato’ Dr. Lim, Wee-Chai – Chairman

● Haji Shahadan Bin Haji Abd Manas – member
● Lee Kim Meow – member
● Chee Ban Tuck – member
SUPPLY OF INFORMATION TO THE BOARD
All Directors are provided with an agenda of the meeting and board papers which contain Company’s financial performance, business
outlook, various committees’ reports and disclosures by Directors of their interest in shares and their interest in contracts, properties
and offices pursuant to Section 135 and Section 131 of the Companies Act, 1965 respectively prior to the Board meeting. The board
papers are issued in advance to facilitate informed decision-making. The Managing Director will lead the presentation of board papers
and provide comprehensive explanations of pertinent issues. Any proposals and recommendations by the management will be deliberated
and discussed by the Board before a decision is made. Minutes are prepared on all board proceedings and will be signed by the
Chairman of the meeting in accordance with the provision of Section 156 of the Companies Act, 1965. The Board is kept updated on the
Company’s financial activities and operations on a regular basis.
The Directors are also notified of any corporate announcement released to Bursa Securities and the impending restriction on dealing
with the securities of the Company prior to the announcement of the quarterly financial results.
All Directors have access to the advice and services of the Company Secretary and they have been issued with the Code of Ethics for
Directors and Secretaries. The Company Secretary also acts as the Secretary for all the Board Committees.
RELATIONSHIP WITH THE SHAREHOLDERS
The Company views the timely and equal dissemination of information to shareholders and stakeholders as important. It strictly adheres
to the disclosure requirements of Bursa Securities. The Company is cautious not to provide undisclosed material information about the
Company to any shareholder or stakeholder group.
In addition to the various announcements made during the year, the timely release of financial results on a quarterly basis in line with
Bursa Securities LR, the Company provides shareholders with an overview of the Company’s performance and progress. During the
year, the Executive Directors and senior management had regular dialogues and meetings with both local and overseas institutional
investors, fund managers, analysts, research houses and members of the press media to brief them and to keep them updated on the
various announcements relating to the Company’s financial performance, major corporate proposals and pertinent issues within the
disclosure requirements of Bursa Securities.

(cont’d)
The AGM is an important forum where communications with shareholders can be effectively conducted. Shareholders are notified of
the meeting together with a copy of the Company’s Annual Report at least twenty-one (21) days before the meeting. At each AGM,
shareholders are given ample time and opportunity to ask for more information, without limiting the type of questions asked, prior to
seeking approval by show of hands from the members and proxies on the audited financial statements. During the meeting, the
Chairman and the Board members are prepared to response to all queries and undertake to provide sufficient clarification on issues
and concerns raised by the shareholders. The external auditors are also present to provide their professional and independent clarification
on issues and concerns raised by the shareholders. Status of all resolutions proposed at the AGM are submitted to Bursa Securities at
the end of the meeting day. The Board has ensured that each item of special business included in the notice of the annual or
extraordinary general meeting are accompanied by a full explanation of the effects of a proposed resolution.
Institutional investors and analysts are welcomed and have equal opportunity to meet our management about performance, corporate
governance and other matters related to shareholders’ interest.
The Company also maintain two websites at www.topglove.com.my and http://topglove.asiaep.com from which shareholders and
stakeholders can access for information.
ACCOUNTABILITY AND AUDIT
Financial Reporting
Statement of Directors’ Responsibilities in respect of Audited Financial Statements pursuant to Paragraph 15.27 (a) of Bursa Securities
Listing Requirements.
The Directors are responsible to ensure that financial statements are drawn up in accordance with the provisions of the Companies Act,
1965 and applicable approved accounting standards in Malaysia. In presenting the financial statements, the Company has used
appropriate accounting policies, consistently applied and supported by reasonable and prudent judgements and estimates and prepared
on a going concern basis. The Directors also strive to ensure that financial reporting present a balanced and understandable assessment
of the Company’s position and prospects.
Quarterly financial statements are reviewed by the Audit Committee and approved by the Board of Directors prior to release to Bursa
Securities within stipulated time frame.
Internal Control
The Board acknowledges its responsibility for maintaining a sound system of internal controls, which provides reasonable assessment
of effective and efficient operations, internal financial controls, and compliance with laws and regulations as well as with internal
procedures and guidelines. The internal control system also aims at identifying and managing any risks that the Company may encounter
in pursuit of its business objectives. A Statement on Internal Control of the Company is set out on page 36 of the Annual Report.
Relationship with the Auditors
The external auditors, Messrs. Ernst & Young and Messrs. William C.H. Tan & Associates have continued to report to members of the
Company on their findings which are included as part of the Company’s statutory financial statements. The Company has thus established
a transparent arrangement with the auditors to meet auditors’ professional requirements. From time to time, the auditors highlight to the
Audit Committee and Board of Directors on matters that require Board’s attention through the issuance of management letters.

(cont’d)
OTHER COMPLIANCE INFORMATION
1. Utilisation Of Proceeds
The Company did not raise funds through any corporate proposal during the financial year.
2. Recurrent Related Party Transactions
During the financial year, there were no recurrent related party transactions of revenue or trading nature involving the Directors or
Substantial Shareholders of the Company.
3. Share Buy-backs
During the financial year, the Company does not have a scheme to buy-back its own shares.
4. American Depository Receipt ("ADR") Or Global Depository Receipt ("GDR") Programmes
During the financial year, the Company did not sponsor any ADR or GDR programmes.
5. Imposition Of Sanctions And/Or Penalties
There were no sanctions and/or penalties imposed on the Company and its subsidiaries, Directors or Management by the
relevant regulatory bodies.
6. Non-Audit Fees
An amount of RM99,213 was paid to the external auditors during the year as non-audit fees .
7. Variation In Results
There was no material variance between the results of the financial year and the unaudited results previously announced. The
Company did not make any release on the profit estimate, forecast or projections for the financial year.
8. Profit Guarantees
During the financial year, there were no profit guarantees given by the Company.
9. Material Contracts
During the financial year, there were no material contracts entered into by the Company and its subsidiaries involving Directors’
and major shareholders’ interests.
10. Contracts Relating To Loans
There were no material contracts relating to loans entered into by the Company involving Directors and major shareholders.

(cont’d)
11. Options, Warrants or Convertible Securities
The ESOS of the Company was officially implemented on 29 April 2003. During the current financial year ended 31 August 2005,
a total of 2,520,600 new ordinary shares were issued and allotted pursuant to the exercise of the ESOS. The details of the issued
and paid-up share capital of the Company as at 31 August 2005 are as follow :-
No. of shares RM
As at 1 September 2003 93,059,000 93,059,000
Ordinary shares issued pursuant to the ESOS at RM1.00 each 620,500 620,500
93,679,500 93,679,500
Subdivision of shares from RM1.00 each to 187,359,000 93,679,500

RM0.50 on 16 February 2005
Ordinary shares issued pursuant to ESOS at RM0.50 each 1,279,600 639,800
As at 31 August 2005 188,638,600 94,319,300
Other than the above, there were no issuance of options, warrants or convertible securities during the financial year.
12. Revaluation of Landed Properties
The Company does not have a revaluation policy on landed properties.

Statement On Internal Control
The Board acknowledges its responsibility in establishing an efficient and effective system of internal control covering not only financial
controls but also controls relating to operational compliance and risk management to safeguard shareholders’ investment and the
Group’s assets. There is an on-going review process by the Board to ensure the adequacy and integrity of the system. Such a system
is designed to identify and to manage rather than eliminate the risk of failure. Accordingly, the system can only provide reasonable and
not absolute assurance against material misstatement, loss or fraud.
The Group’s internal control mechanism is embedded in the various work processes and procedures at appropriate levels in the
Group. The Managing Director ("MD") and senior management team, comprising experienced personnel with vast specialised industry
experience, are assigned the responsibility of managing the Group. They are accountable for the conduct and performance of their
operations within their respective businesses. The MD and senior management monitor the day-to-day affairs of the Group through
review of performance and operations reports, as well as attending management meetings. Any significant issues are immediately
brought to the attention of the MD, who in turn, will bring these matters before the Board.
The Audit Committee is also responsible for reviewing and monitoring the effectiveness of the Group’s system of internal control. In this
respect, the Internal Audit Department of the Company which was set up in the financial year ended 31 August 2003, conducts regular
reviews on the Group’s various operations and reports directly to the Audit Committee. The external auditors provide assurance in the
form of their annual statutory audit of the financial statements. Further areas for improvement identified during the course of the
statutory audit by the external auditors are brought to the attention of the Audit Committee through management letters, or discussed
at Audit Committee meetings.
The key processes that the Group has established in reviewing the adequacy and integrity of the Group’s system of internal control
include the following:
1) Company’s Policies and Procedures which set out guidelines and the expected standards for the Group’s operations. The
policies and procedures are under regular review and update so as to maintain its effectiveness at all time.
2) Periodical and/or annual budgeting and target setting and review system for every operation of the Group. Analysis, data comparison
and reporting of variances against targets are presented in the Group’s various management meetings which provide the framework
for monitoring and controlling mechanism.
3) Requirement for the submission of regular and timely financial and comprehensive management reports to the management.
4) Clearly defined organisation structure of the various departments with clearly defined delegation of responsibilities and
accountability. It sets out the decision that needs to be taken and the appropriate approving authority at various levels of the
management including matters that requires Board’s approval.
5) Setting up monetary limits to the various level of delegated authority in order to minimize the risks of unauthorized transactions.
6) Regular internal audit visits by the Company’s Internal Audit Department to assess and provide independent reports and assurance
on the state of the internal control system of the Group’s various operations.
7) Continuous training and development programmes covering all level of the Group’s employees to ensure and to maintain the
competency and efficiency of the employees.
8) Compliance review functions to ensure adherence to rules and regulations laid down by the various regulators and authorities.
The Board remains committed towards operating a sound system of internal control and therefore recognises that the system must
continuously evolve to support the type of business and size of operations of the Group. As such, the Board will, when necessary, put
in place appropriate action to further enhance the Group’s system of internal control.
There were no material internal control failures nor have any of the reported weaknesses resulted in material losses or contingencies
during the financial year.
This statement is made in accordance with a resolution of the Board of Directors dated 28 October 2005.

Audit Committee Report
TERMS OF REFERENCE OF AUDIT COMMITTEE
1. MEMBERSHIP
Members Designation
(a) Tan Sri Datuk (Dr) Arshad Bin Ayub

Independent Non-Executive Director Chairman
(b) Dato’ Dr. Lim, Wee-Chai

Executive Chairman / Managing Director Member
(c) Sekarajasekaran a/l Arasaratnam

Independent Non-Executive Director Member
(d) Quah Chin Chye

Independent Non-Executive Director Member
2. COMPOSITION OF MEMBERS
The Board shall elect the Audit Committee members from amongst themselves, comprising no fewer than three (3) directors,
where the majority shall be independent directors. The term of office of the audit committee is two (2) years and may be re-
nominated and appointed by the Board of Directors.
In this respect, the Board adopts the definition of "independent director" as defined under the Bursa Malaysia Securities Berhad’s
Listing Requirements ("Bursa Securities LR").
At least one member of the Audit Committee must be:

(a) a member of the Malaysian Institute of Accountant ("MIA"); or
(b) if he is not a member of MIA, he must have at least 3 years of working experience and:
i. he must have passed the examinations specified in Part 1 of the 1st Schedule of the Accountants Act 1967; or
ii. he must be a member of one of the associations of the accountants specified in Part 11 of the First Schedule of the
Accountants Act 1967;
or
(c) fulfills such other requirements as prescribed by Bursa Securities.
No alternate director of the Board shall be appointed as a member of the Audit Committee.
Retirement and resignation
If a member of the Audit Committee resigns, dies, or for any reason ceases to be a member with the result that the number of
members is reduced below three (3), the Board shall within three (3) months of the event appoint such number of the new
members as may be required to fill the vacancy.

(cont’d)
3. CHAIRMAN
The Chairman of the Audit Committee, elected from amongst the Audit Committee members, shall be an independent director.
The Chairman of the Committee shall be approved by the Board of Directors.
4. SECRETARY
The Secretary of the Audit Committee shall be the Company Secretary.
The Secretary shall be responsible for drawing up the agenda with concurrence of the Chairman and circulating it, supported by
explanatory documentation to members of the Audit Committee prior to each meeting.
The Secretary shall also be responsible for keeping the minutes of meetings of the Audit Committee, circulating them to members
of the Audit Committee and to the other members of the Board of Directors and for following up outstanding matters.
5. MEETINGS
The Audit Committee meetings shall be conducted at least four (4) times annually, or more frequently as circumstances dictate.
In addition, the Chairman may call for additional meetings at any time at the Chairman’s discretion.
In the absence of the Chairman, the other independent director shall be the Chairman for that meeting.
The members of the Audit Committee, Financial Controller, Finance Manager and the head of internal audit will normally be in
attendance at the meetings. Representatives of the external auditors are to be in attendance at meeting where matters relating to
the audit of the statutory accounts and/or external auditors are to be discussed.
Other directors, officers and employees of the Company and/or Group may be invited to attend, except for those portions of the
meetings where their presence is considered inappropriate, as determined by the Audit Committee. However, at least once a year
the Audit Committee shall meet with the external auditors.
Minutes of each meeting shall be kept and distributed to each member of the Audit Committee and also to the other members of
the Board of Directors. The Audit Committee Chairman shall report on each meeting to the Board of Directors.
6. QUORUM
The quorum for the Audit Committee meeting shall be the majority of members present whom must be independent directors.
7. REPORTING
The Audit Committee shall report to the Board of Directors, either formally in writing, or verbally, as it considers appropriate on the
matters within its terms of reference at least once a year, but more frequently if it so wishes.
The Audit Committee shall report to the Board of Directors on any specific matters referred to it by the Board for investigation and
report.

(cont’d)
8. OBJECTIVES
The principal objectives of the Audit Committee is to assist the Board of Directors in discharging its statutory duties and
responsibilities relating to accounting and reporting practices of the holding company and each of its subsidiaries. In addition, the
Audit Committee shall:
a) evaluate the quality of the audits performed by the internal and external auditors;
b) provide assurance that the financial information presented by management is relevant, reliable and timely;
c) oversee compliance with laws and regulations and observance of a proper code of conduct; and
d) determine the quality, adequacy and effectiveness of the Group’s control environment.
9. AUTHORITY
The Audit Committee shall, in accordance with a procedure to be determined by the Board of Directors and at the expense of the
Company:
(a) authorise to investigate any activity within its terms of reference. All employees shall be directed to co-operate as requested
by members of the Audit Committee;
(b) have full and unlimited/ unrestricted access to all information and documents/resources which are required to perform its
duties as well as to the internal and external auditors and senior management of the Company and Group;
(c) obtain, at the expense of the Company, other independent professional advice or other advice and to secure the attendance
of outsiders with relevant experience and expertise if it considers necessary;
(d) be able to convene meetings with the external auditors, without the attendance of the executive members of the Audit
Committee, whenever deemed necessary; and
(e) be able to make relevant reports when necessary to the relevant authorities if a breach of the Bursa Securities LR occurred.
10. DUTIES AND RESPONSIBILITIES
The duties and responsibilities of the Audit Committee are as follow:
a) To review the maintenance and control of an effective accounting system;
b) To review the Group’s public accountability and compliance with the law;
c) To ensure the adequacy of internal and external audit procedures;
d) To evaluate the quality of external auditors and make recommendations concerning their appointment and remuneration
and to consider the nomination of a person or persons as external auditors;
e) To provide liaison between the external auditors, the management and the Board of Directors and also to review the
assistance given by the management to the external auditors;

(cont’d)
f) To review the findings of the internal and external auditors;
g) To review the quarterly results and financial statements and annual report prior to submission to the Board of Directors;
h) To monitor any related party transactions that may arise within the Group and to report, if any, transactions between the
Group and any related party outside the Group which are not based on arms-length terms and on terms which are
disadvantageous to the Group;
i) To report its findings on the financial and management performance, and other material matters to the Board of Directors;
j) To verify the allocation of employees’ share option scheme ("ESOS") in compliance with the criteria as stipulated in the Bye-
Laws of ESOS of the Company, if any;
k) To act in line with the directions of the Board of Directors; and
l) To consider and examine such other matters as the Audit Committee considers appropriate.
11. SUMMARY OF ACTIVITIES OF THE AUDIT COMMITTEE
The Audit Committee has discharged its duties as set out in its Terms of Reference. The major areas reviewed by the Audit
Committee are as follows:
a) Reviewed the Quarterly Reports and the Annual Report to ensure adherence to legal and regulatory reporting requirements
and appropriate resolution of all accounting matters requiring significant judgment;
b) Reviewed and deliberated the significant risk areas, internal control and financial matters coming to the attention of the
external auditors in the course of their work;
c) Related party transactions which are required to be transacted at an arm’s length basis and are not detrimental to the
interest of minority shareholders;
d) Emerging financial reporting issues pursuant to the introduction of new accounting standards and additional statutory/
regulatory disclosure requirements;
e) Best Board practices for meeting market expectations and protecting shareholders’ interests that were highlighted by the
External Auditors;
f) Measures being taken to fortify the existing risk assessment and management processes; and
g) Verified the allocation of option shares pursuant to the ESOS to eligible employees had been made in accordance with the
criteria of allocation of option shares as set out in the Bye-Laws of the ESOS.

(cont’d)
12. SUMMARY OF ACTIVITIES OF THE INTERNAL AUDIT DEPARTMENT
The Company has an Internal Audit Department whose principal objective is to undertake regular reviews of the systems of
controls, procedures and operations so as to provide reasonable assurance that the internal control system is sound, adequate
and satisfactory. The Internal Audit Department reports direct to the Audit Committee. Its role is to provide the Committee with
independent and objective reports on the state of internal controls of the operating units within the Group and the extent of
compliance by such units with the Group’s established policies and procedures and the regulatory requirements of the relevant
authorities. The Audit Committee reviews and approves the internal audit plan of the Group submitted by the internal audit
manager.
During the financial year ended 31 August 2005, the areas audited included audits of the various departments covering all the
factories and subsidiaries within the Group. Internal audit reports were issued to the Audit Committee regularly and tabled in the
Audit Committee meetings. The reports are also issued to the respective operations management, incorporating audit
recommendations and management responses with regards to any audit findings on the weaknesses in the systems and controls
of the operations. The Internal Audit Department also follows up with management on the implementation of the agreed audit
recommendations.
MEETINGS AND ATTENDANCE OF AUDIT COMMITTEE
The Members of Audit Committee met four (4) times during the financial year ended 31 August 2005 and the attendance of the
members are as follows :-
Members Meetings Attended
(a) Dato’ Dr. Lim, Wee-Chai 4/4
(b) Tan Sri Datuk (Dr) Arshad Bin Ayub 4/4
(c) Sekarajasekaran a/l Arasaratnam 4/4
(d) Quah Chin Chye 4/4

44 Directors’ Report
50 Statement By Directors
50 Statutory Declaration
51 Report Of The Auditors
52 Income Statements
53 Balance Sheets
54 Statements Of Changes In Equity
55 Cash Flow Statements
57 Notes To The Financial Statements

Directors’ Report
The directors have pleasure in presenting their report together with the audited financial statements of
the Group and of the Company for the financial year ended 31 August 2005.
PRINCIPAL ACTIVITIES
The principal activities of the Company are investment holding and the provision of management services.
The principal activities of the subsidiaries are described in Note 12 to the financial statements.
There have been no significant changes in the nature of the principal activities during the financial year.
RESULTS
Group Company
RM RM
Net profit for the year 58,140,598 13,469,936
There were no material transfers to or from reserves or provisions during the financial year other than as disclosed in the statements of
changes in equity.
In the opinion of the directors, the results of the operations of the Group and of the Company during the financial year were not
substantially affected by any item, transaction or event of a material and unusual nature.
DIVIDENDS
The amount of dividends paid by the Company since 31 August 2004 were as follows :
RM
In respect of the financial year ended 31 August 2004 :
Interim tax exempt dividend of 5%, paid on 6 September 2004 4,651,200
Final tax exempt dividend of 6%, paid on 15 March 2005 5,620,770
Final dividend of 3% less 28% taxation, paid on 15 March 2005 2,023,481
12,295,451
In respect of the financial year ended 31 August 2005 :
Interim tax exempt dividend of 6%, paid on 16 September 2005 5,654,664
At the forthcoming Annual General Meeting, a final tax exempt dividend of 6% on 188,866,100 ordinary shares amounting to RM5,665,983
(3 sen per share) and a final dividend of 4% less 28% taxation amounting to RM2,719,672 (1.44 sen per share) in respect of the
financial year ended 31 August 2005 will be proposed for shareholders' approval. The financial statements for the current financial year
do not reflect this proposed dividend. Such dividend, if approved by the shareholders, will be accounted for in equity as an appropriation
of retained profits in the financial year ending 31 August 2006.

Directors’ Report
(cont’d)
DIRECTORS
The names of the directors of the Company in office since the date of the last report and at the date of this report are :
Dato' Dr. Lim, Wee-Chai

Tan Sri Datuk (Dr.) Arshad bin Ayub
Datin Tong Siew Bee
Haji Shahadan bin Haji Abd Manas
Lim Hooi Sin
Sekarajasekaran a/l Arasaratnam
Lau Boon Ann
Quah Chin Chye
Lee Kim Meow (also alternate to Lim Hooi Sin)
DIRECTORS' BENEFITS
Neither at the end of the financial year, nor at any time during that year, did there subsist any arrangement to which the Company was
a party, whereby the directors might acquire benefits by means of acquisition of shares in or debentures of the Company or any other
body corporate, other than those arising from the share options granted under the Employee Share Options Scheme ("ESOS").
Since the end of the previous financial year, no director has received or become entitled to receive a benefit (other than benefits
included in the aggregate amount of emoluments received or due and receivable by the directors as shown in Note 6 to the financial
statements or the fixed salary of a full-time employee of the Company) by reason of a contract made by the Company or a related
corporation with the director or with a firm of which he is a member, or with a company in which he has a substantial financial interest.
DIRECTORS' INTERESTS
According to the register of directors' shareholdings, the interests of directors in office at the end of the financial year in shares in the
Company during the financial year were as follows:
Number of Ordinary Shares of RM1 Each

Balance
1 September prior to
2004 Bought Sold share split*

- direct 29,165,179 199,000 – 29,364,179
- indirect 14,632,351 – (19,000) 14,613,351
Tan Sri Datuk (Dr.) Arshad bin Ayub 1,500,000 – – 1,500,000
Datin Tong Siew Bee
- direct 1,642,098 – – 1,642,098
- indirect 42,155,432 199,000 (19,000) 42,335,432
Haji Shahadan bin Haji Abd Manas 58,200 – – 58,200
Lim Hooi Sin
- direct 2,489,565 – – 2,489,565
- indirect 41,307,965 199,000 (19,000) 41,487,965
Sekarajasekaran a/l Arasaratnam 3,783,989 – – 3,783,989
Lau Boon Ann 98,200 – – 98,200
Lee Kim Meow 268,506 – – 268,506

Directors’ Report
(cont’d)
Number of Ordinary Shares of RM0.50 Each

Balance
after 31 August
share split* Bought Sold 2005

- direct 58,728,358 – – 58,728,358
- indirect 29,226,702 – – 29,226,702
Tan Sri Datuk (Dr.) Arshad bin Ayub 3,000,000 – (625,000) 2,375,000
Datin Tong Siew Bee
- direct 3,284,196 – – 3,284,196
- indirect 84,670,864 – – 84,670,864
Haji Shahadan bin Haji Abd Manas 116,400 160,000 – 276,400
Lim Hooi Sin
- direct 4,979,130 – – 4,979,130
- indirect 82,975,930 – – 82,975,930
Sekarajasekaran a/l Arasaratnam 7,567,978 – – 7,567,978
Lau Boon Ann 196,400 – – 196,400
Lee Kim Meow 537,012 – – 537,012
Number of Options over Ordinary Shares of RM1 Each

Balance
1 September prior to
2004 Granted Exercised share split*
Dato' Dr. Lim, Wee-Chai 180,000 – (180,000) –

Datin Tong Siew Bee 80,000 – – 80,000
Lim Hooi Sin 80,000 – – 80,000
Haji Shahadan bin Haji Abd Manas 80,000 – – 80,000
Lee Kim Meow 80,000 – – 80,000
Number of Options over Ordinary Shares of RM0.50 Each

Balance
after 31 August
share split* Granted Exercised 2005
Dato' Dr. Lim, Wee-Chai – 252,000 – 252,000

Datin Tong Siew Bee 160,000 112,000 – 272,000
Lim Hooi Sin 160,000 96,000 – 256,000
Haji Shahadan bin Haji Abd Manas 160,000 112,000 (160,000) 112,000
Lee Kim Meow 160,000 112,000 – 272,000
*Share split into two (2) new ordinary shares of RM0.50 each for every one (1) existing ordinary share of RM1.00 each.

Directors’ Report
(cont’d)
Dato' Dr. Lim, Wee-Chai, Datin Tong Siew Bee and Lim Hooi Sin by virtue of their interest in shares of the Company are also deemed
interested in shares of all the subsidiaries to the extent the Company has an interest.
None of the other directors in office at the end of the financial year had any interest in shares in the Company or its related corporations
or in share options in the Company during the financial year.
ISSUE OF SHARES
During the financial year, the Company increased its issued and paid-up share capital from RM93,059,000 to RM94,319,300 by way of:
(i) the issuance of 620,500 ordinary shares of RM1 each pursuant to the ESOS at an option price of between RM1.73 and RM7.26
per ordinary share.
(ii) the issuance of 1,279,600 ordinary shares of RM0.50 each pursuant to the ESOS at an option price of between RM0.87 and
RM4.19 per ordinary share.
Subsequent to the end of the financial year, the Company increased its issued and paid-up share capital from RM94,319,300 to
RM94,433,050 by way of the issuance of 227,500 ordinary shares of RM0.50 each pursuant to the ESOS at an option price of between
RM3.92 and RM4.50 per ordinary share.
All the new ordinary shares that were issued rank pari passu in all respects with the existing shares.
EMPLOYEE SHARE OPTIONS SCHEME
The Company's ESOS is governed by the by-laws which was approved by the shareholders at the Extraordinary General Meeting held
on 9 January 2003 and became effective on 29 April 2003.
The main features and other terms of the ESOS are disclosed in Note 23 to the financial statements.
The Company has been granted exemption by the Companies Commission of Malaysia from having to disclose the names of employees
who have been granted options to subscribe for 162,000 or less ordinary shares. The list of employees granted options to subscribe for
more than 162,000 ordinary shares during the financial year is as follows:
Exercise Number of Share Options

Name Grant Date Expiry Date Price Granted Exercised 31.8.2005
RM
Dato' Dr. Lim, Wee-Chai 6.6.2005 29.4.2008 4.01 252,000 – 252,000

Directors’ Report
(cont’d)
OTHER STATUTORY INFORMATION
(a) Before the income statements and balance sheets of the Group and of the Company were made out, the directors took reasonable
steps:
(i) to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of provision for
doubtful debts and satisfied themselves that there were no known bad debts and that adequate provision had been made
for doubtful debts; and
(ii) to ensure that any current assets which were unlikely to realise their value as shown in the accounting records in the
ordinary course of business had been written down to an amount which they might be expected so to realise.
(b) At the date of this report, the directors are not aware of any circumtances which would render:
(i) it necessary to write off any bad debts or the amount of the provision for doubtful debts in the financial statements of the
Group and of the Company inadequate to any substantial extent; and
(ii) the values attributed to the current assets in the financial statements of the Group and of the Company misleading.
(c) At the date of this report, the directors are not aware of any circumstances which have arisen which would render adherence to
the existing method of valuation of assets or liabilities of the Group and of the Company misleading or inappropriate.
(d) At the date of this report, the directors are not aware of any circumtances not otherwise dealt with in this report or financial
statements of the Group and of the Company which render any amount stated in the financial statements misleading.
(e) As at the date of this report, there does not exist:
(i) any charge on the assets of the Group or of the Company which has arisen since the end of the financial year which secures
the liabilities of any other person; or
(ii) any contingent liability of the Group or of the Company which has arisen since the end of the financial year.
(f) In the opinion of the directors:
(i) no contingent or other liability has become enforceable or is likely to become enforceable within the period of twelve months
after the end of the financial year which will or may affect the ability of the Group or of the Company to meet their obligations
when they fall due; and
(ii) no item, transaction or event of a material and unusual nature has arisen in the interval between the end of the financial year
and the date of this report which is likely to affect substantially the results of the operations of the Group or of the Company
for the financial year in which this report is made.

Directors’ Report
(cont’d)
SUBSEQUENT EVENT
The subsequent event is disclosed in Note 30 to the financial statements.
AUDITORS
The auditors, Ernst & Young, have expressed their willingness to continue in office.
Signed on behalf of the Board in accordance with a resolution of the directors
DATO' DR. LIM, WEE-CHAI
QUAH CHIN CHYE
Klang, Malaysia
Date: 28 October 2005

Statement By Directors
PURSUANT TO SECTION 169 (15) OF THE COMPANIES ACT, 1965
We, DATO' DR. LIM, WEE-CHAI and QUAH CHIN CHYE, being two of the directors of TOP GLOVE CORPORATION BHD., do
hereby state that, in the opinion of the directors, the accompanying financial statements set out on pages 52 to 87 are drawn up in
accordance with applicable MASB Approved Accounting Standards in Malaysia and the provisions of Companies Act, 1965 so as to
give a true and fair view of the financial position of the Group and of the Company as at 31 August 2005 and of the results and the cash
flows of the Group and of the Company for the year then ended.
Signed on behalf of the Board in accordance with a resolution of the directors
DATO' DR. LIM, WEE-CHAI
QUAH CHIN CHYE
Klang, Malaysia
Statutory Declaration
PURSUANT TO SECTION 169 (16) OF THE COMPANIES ACT, 1965
I, DATO' DR. LIM, WEE-CHAI, the director primarily responsible for the financial management of TOP GLOVE CORPORATION BHD.,
do solemnly and sincerely declare that the accompanying financial statements set out on pages 52 to 87 are in my opinion correct, and
I make this solemn declaration conscientiously believing the same to be true and by virtue of the provisions of the Statutory Declarations
Act 1960.
Subscribed and solemnly declared by the )

abovenamed DATO' DR. LIM, WEE-CHAI ) DATO' DR. LIM, WEE-CHAI
at Klang in the State of Selangor )
on 28 October 2005 )
Before me,
RAHMAH HAJI ISMAIL

Commissioner for Oaths
Klang, Selangor Darul Ehsan

Malaysia

Report Of The Auditors
TO THE MEMBERS OF TOP GLOVE CORPORATION BHD.
(Incorporated in Malaysia)
We have audited the financial statements set out on pages 52 to 87. These financial statements are the responsibility of the Company’s
directors.
It is our responsibility to form an independent opinion, based on our audit, on the financial statements and to report our opinion to you,
as a body, in accordance with Section 174 of the Companies Act, 1965 and for no other purpose. We do not assume responsibility to
any other person for the content of this report.
We conducted our audit in accordance with applicable Approved Standards on Auditing in Malaysia. Those standards require that we
plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates made by the directors, as well as evaluating the
overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.
In our opinion:
(a) the financial statements have been properly drawn up in accordance with the provisions of the Companies Act, 1965 and applicable
MASB Approved Accounting Standards in Malaysia so as to give a true and fair view of :
(i) the financial position of the Group and of the Company as at 31 August 2005 and of the results and the cash flows of the
Group and of the Company for the year then ended; and
(ii) the matters required by Section 169 of the Companies Act, 1965 to be dealt with in the financial statements; and
(b) the accounting and other records and the registers required by the Act to be kept by the Company and by its subsidiary of which
we have acted as auditors have been properly kept in accordance with the provisions of the Act.
We have considered the financial statements and the auditors' reports thereon of the subsidiaries of which we have not acted as
auditors, as indicated in Note 12 to the financial statements, being financial statements that have been included in the consolidated
financial statements.
We are satisfied that the financial statements of the subsidiaries that have been consolidated with the financial statements of the
Company are in form and content appropriate and proper for the purposes of the preparation of the consolidated financial statements
and we have received satisfactory information and explanations required by us for those purposes.
The auditors’ reports on the financial statements of the subsidiaries were not subject to any qualification material to the consolidated
financial statements and, in respect of subsidiaries incorporated in Malaysia, did not include any comment required to be made under
Section 174 (3) of the Act.
ERNST & YOUNG

AF: 0039
Chartered Accountants
LEE AH TOO
No. 2187/09/07(J)
Partner
Melaka, Malaysia

Income Statements
For The Year Ended 31 August 2005
Group Company
Note 2005 2004 2005 2004
RM RM RM RM
Revenue 3 641,827,120 418,133,120 15,134,000 12,534,000

Cost of sales (524,374,048) (334,549,601) – –
Gross profit 117,453,072 83,583,519 15,134,000 12,534,000
Other operating income 3,675,958 2,012,321 – –
Distribution and selling costs (27,594,798) (21,924,162) – –
Administrative and general expenses (23,107,391) (16,643,513) (886,885) (382,196)
Profit from operations 4 70,426,841 47,028,165 14,247,115 12,151,804
Finance costs, net 7 (4,681,591) (1,838,049) – –
Profit before taxation 65,745,250 45,190,116 14,247,115 12,151,804
Taxation 8 (7,568,234) (5,245,627) (777,179) (1,568,000)
Profit after taxation 58,177,016 39,944,489 13,469,936 10,583,804
Minority interests (36,418) (409,996) – –
Net profit for the year 58,140,598 39,534,493 13,469,936 10,583,804
Earnings per share (sen)

Basic 9 31.04 21.30
Diluted 9 30.85 21.24
The accompanying notes form an integral part of the financial statements.

Balance Sheets
As At 31 August 2005
Group Company
Note 2005 2004 2005 2004
RM RM RM RM
NON-CURRENT ASSETS
Property, plant and equipment 11 295,295,612 178,205,342 – –

Investments in subsidiaries 12 – – 29,347,605 25,975,213
Other investment 13 138,930 43,900 – –
Due from a subsidiary 14 – – 60,416,042 53,908,646
Goodwill on consolidation 5,324,691 5,330,496 – –
300,759,233 183,579,738 89,763,647 79,883,859
CURRENT ASSETS
Inventories 15 62,727,043 40,305,153 – –

Trade receivables 16 112,320,571 61,594,121 – –
Other receivables 17 5,569,020 5,354,761 19,887,178 20,483,178
Cash and bank balances 18 25,127,982 24,611,187 15,347 7,852
205,744,616 131,865,222 19,902,525 20,491,030
CURRENT LIABILITIES
Borrowings 19 84,291,258 39,954,719 – –

Trade payables 21 78,528,817 50,029,681 – –
Other payables 22 41,440,382 26,207,960 339,155 267,900
Tax payable 592,514 1,849,856 – –
Dividends payable 5,654,664 4,651,200 5,654,664 4,651,200
210,507,635 122,693,416 5,993,819 4,919,100
NET CURRENT (LIABILITIES)/ASSETS (4,763,019) 9,171,806 13,908,706 15,571,930

295,996,214 192,751,544 103,672,353 95,455,789
FINANCED BY :
Share capital 23 94,319,300 93,059,000 94,319,300 93,059,000

Reserves 120,483,907 68,443,894 9,353,053 2,396,789
Shareholders’ equity 214,803,207 161,502,894 103,672,353 95,455,789
Minority interests 1,231,754 1,163,277 – -
216,034,961 162,666,171 103,672,353 95,455,789
Borrowings 19 69,898,998 23,167,373 – –

Deferred taxation 24 10,062,255 6,918,000 – –
Non-current liabilities 79,961,253 30,085,373 – –
295,996,214 192,751,544 103,672,353 95,455,789

Statements Of Changes In Equity
<––––––– Non distributable –––––––> Distributable

Foreign
Share Share exchange Legal Retained
capital premium reserve reserve profits Total
RM RM RM RM RM RM
Group
At 1 September 2003 92,197,000 876,196 354,439 – 37,143,006 130,570,641

Issuance of shares under ESOS 862,000 1,413,468 – – – 2,275,468
Share issue expenses – (10,376) – – – (10,376)
Currency translation differences * – – (349,276) – – (349,276)
Net profit for the year – – – – 39,534,493 39,534,493
Dividends (Note 10) – – – – (10,518,056) (10,518,056)
At 31 August 2004 93,059,000 2,279,288 5,163 – 66,159,443 161,502,894
Issuance of shares under ESOS 1,260,300 6,791,292 – – – 8,051,592
Share issue expenses – (6,049) – – – (6,049)
Currency translation differences * – – 413,087 – – 413,087
Net profit for the year – – – – 58,140,598 58,140,598
Amount transfer to legal reserve – – – 798,963 (798,963) –
Dividends (Note 10) – – – – (13,298,915) (13,298,915)
At 31 August 2005 94,319,300 9,064,531 418,250 798,963 110,202,163 214,803,207
* Representing net gain/(loss) not recognised in the income statement.
Non
distributable Distributable
Share Share Retained
capital premium profits Total
RM RM RM RM
Company
At 1 September 2003 92,197,000 876,196 51,753 93,124,949

Issuance of shares under ESOS 862,000 1,413,468 – 2,275,468
Share issue expenses – (10,376) – (10,376)
Net profit for the year – – 10,583,804 10,583,804
Dividends (Note 10) – – (10,518,056) (10,518,056)
At 31 August 2004 93,059,000 2,279,288 117,501 95,455,789
Issuance of shares under ESOS 1,260,300 6,791,292 – 8,051,592
Share issue expenses – (6,049) – (6,049)
Net profit for the year – – 13,469,936 13,469,936
Dividends (Note 10) – – (13,298,915) (13,298,915)
At 31 August 2005 94,319,300 9,064,531 288,522 103,672,353

Cash Flow Statements
Group Company
2005 2004 2005 2004
RM RM RM RM
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before taxation 65,745,250 45,190,116 14,247,115 12,151,804
Adjustments for :
Depreciation 18,619,858 13,538,507 – –
Loss/(gain) on disposal of property, plant
and equipment 197,317 (46,058) – –
Property, plant and equipment written off – 27,001 – –
Unrealised foreign exchange losses/(gains) 243,526 (223,328) – –
Interest expense 4,825,843 1,908,985 – –
Interest income (144,252) (70,936) – –
Operating profit before working
capital changes 89,487,542 60,324,287 14,247,115 12,151,804
Increase in receivables (50,899,984) (16,066,660) (5,911,396) (3,541,371)
Increase in inventories (22,421,890) (8,138,939) – –
Increase in payables 43,731,558 18,166,364 71,255 23,900
Cash generated from operations 58,897,226 54,285,052 8,406,974 8,634,333
Interest paid (4,825,843) (1,908,985) – –
Tax paid (5,681,321) (1,798,057) (777,179) (1,568,000)
Net cash generated from operating activities 49,390,062 50,578,010 7,629,795 7,066,333
CASH FLOWS FROM

INVESTING ACTIVITIES
Purchase of property, plant and equipment (135,703,737) (49,583,139) – –

Acquisition of a subsidiary – (2) – –
Purchase of additional shares in subsidiaries – (8,744,250) – –
Additional investment in subsidiaries – – (3,372,392) –
Interest received 144,252 70,936 – –
Purchase of investment (95,030) (28,000) – –
Proceeds from disposal of property, plant and equipment 287,294 358,724 – –
Net cash used in investing activities (135,367,221) (57,925,731) (3,372,392) –

Cash Flow Statements
For The Year Ended 31 August 2005 (cont’d)
Group Company
2005 2004 2005 2004
RM RM RM RM
CASH FLOWS FROM

FINANCING ACTIVITIES
Proceeds from issuance of shares 8,051,592 2,275,468 8,051,592 2,275,468

Proceeds from issuance of shares by subsidiaries – 367,310 – –
Share issue expenses (6,049) (10,376) (6,049) (10,376)
Payment of dividends (12,295,451) (9,549,736) (12,295,451) (9,549,736)
Repayment of hire purchase payables (4,273,332) (2,505,017) – –
Drawdown of term loans 69,547,020 15,900,000 – –
Repayment of term loans (8,158,730) (3,399,087) – –
Short term borrowings 41,306,051 3,953,516 – –
Net cash generated from/(used in) financing activities 94,171,101 7,032,078 (4,249,908) (7,284,644)
NET INCREASE/(DECREASE) IN
CASH AND CASH EQUIVALENTS (8,193,942) (315,643) 7,495 (218,311)
CASH AND CASH EQUIVALENTS
AT BEGINNING OF YEAR 16,618,281 16,933,924 7,852 226,163
CASH AND CASH EQUIVALENTS
AT END OF YEAR (NOTE 18) 24,812,223 16,618,281 15,347 7,852

Notes To The Financial Statements
31 August 2005
1. CORPORATE INFORMATION
The principal activities of the Company are investment holding and the provision of management services. The principal activities
of the subsidiaries are described in Note 12. There were no significant changes in the nature of the principal activities during the
financial year.
The Company is a public limited liability company, incorporated and domiciled in Malaysia, and is listed on the Main Board of
Bursa Malaysia Securities Berhad. The principal place of business of the Company is located at Lot 4969, Jalan Teratai, Batu 6,
off Jalan Meru, 41050 Klang, Selangor.
The number of employees in the Group at the end of the financial year was 6,298 (2004 : 3,275) and 10 (2004:Nil) respectively.
The financial statements were authorised for issue by the Board of Directors in accordance with a resolution of the directors on
28 October 2005.
2. SIGNIFICANT ACCOUNTING POLICIES
(a) Basis of Preparation
The financial statements of the Group and of the Company have been prepared under the historical cost convention and
comply with the provisions of the Companies Act, 1965 and applicable MASB Approved Accounting Standards in Malaysia.
(b) Basis of Consolidation
The consolidated financial statements include the financial statements of the Company and all its subsidiaries. Subsidiaries
are those entities in which the Group has power to exercise control over the financial and operating policies so as to obtain
benefits from their activities.
Acquisition of subsidiaries which meet the criteria for merger are accounted for using merger accounting principles. When
the merger method is used, the cost of investment in the Company's book is recorded at the nominal value of shares issued
and the difference between the carrying value of the investment and the nominal value of shares acquired is treated as
merger reserve or merger deficit. The results of the companies being merged are included as if the merger has been
effected through the current and previous financial years. All the subsidiaries are consolidated using the merger method of
accounting except for the subsidiaries of Top Glove Sdn. Bhd., which are accounted for under the acquisition method.
Under the acquisition method of accounting, the results of subsidiaries acquired or disposed of during the year are included
in the consolidated income statement from the effective date of acquisition or up to the effective date of disposal, as
appropriate. The assets and liabilities of a subsidiary are measured at their fair values at the date of acquisition and these
values are reflected in the consolidated balance sheet. The difference between the cost of an acquisition and the fair value
of the Group’s share of the net assets of the acquired subsidiary at the date of acquisition is included in the consolidated
balance sheet as goodwill or negative goodwill arising on consolidation.
Intragroup transactions, balances and resulting unrealised gains are eliminated on consolidation and the consolidated
financial statements reflect external transactions only. Unrealised losses are eliminated on consolidation unless costs cannot
be recovered.
The gain or loss on disposal of a subsidiary company is the difference between net disposal proceeds and the Group’s
share of its net assets together with any unamortised balance of goodwill and exchange differences.
Minority interest in the consolidated balance sheet consist of the minorities' share of the fair value of the identifiable assets
and liabilities of the acquiree as at acquisition date and the minorities' share of movements in the acquiree's equity since
then.

31 August 2005 (cont’d)
(c) Goodwill
Goodwill represents the excess of the cost of acquisition over the Group's interest in the fair value of the identifiable assets
and liabilities of a subsidiary at the date of acquisition.
Goodwill is stated at cost less impairment losses. The policy for the recognition and measurement of impairment losses is
in accordance with Note 2(n). Goodwill arising on the acquisition of subsidiaries is presented separately in the balance
sheet.
Goodwill is not amortised.
(d) Investments in Subsidiaries
The Company's investments in subsidiaries are stated at cost less impairment losses. The policy for the recognition and
measurement of impairment losses is in accordance with Note 2(n).
On disposal of such investments, the difference between net disposal proceeds and their carrying amounts is recognised
in the income statement.
(e) Property, Plant and Equipment and Depreciation
Property, plant and equipment are stated at cost less accumulated depreciation and impairment losses. The policy for the
recognition and measurement of impairment losses is in accordance with Note 2(n).
Freehold land and capital work-in-progress are not depreciated. Leasehold land is depreciated over the period of the
respective lease which ranges from 50 years to 72 years. Depreciation of other property, plant and equipment is provided
for on a straight line basis to write off the cost of each asset to its residual value over the estimated useful life at the
following annual rates :
Buildings 2% - 5%
Plant and equipment 10%
Other assets 10% - 20%
Upon the disposal of an item of property, plant or equipment, the difference between the net disposal proceeds and the
carrying amount is recognised in the income statement.
(f) Inventories
Inventories are stated at the lower of cost (determined on the first-in, first-out basis) and net realisable value. The cost of
finished goods and work-in-progress comprise raw materials, direct labour, other direct costs and appropriate proportions
production overheads.
Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of completion
and costs necessary to make the sale.
(g) Cash and Cash Equivalents
For the purposes of the cash flow statements, cash and cash equivalents include cash on hand and at bank and deposits
at call which have an insignificant risk of changes in value, net of outstanding bank overdrafts.

(h) Hire Purchases
Assets acquired by way of hire purchase are stated at an amount equal to the lower of their fair values and the present value
of the minimum hire purchase payments at the inception of the hire purchase, less accumulated depreciation and impairment
losses. The corresponding liability is included in the balance sheet as borrowings. In calculating the present value of the
minimum hire purchase payments, the discount factor used is the interest rate implicit in the lease, when it is practicable to
determine; otherwise, the Company’s incremental borrowing rate is used.
Hire purchase payments are apportioned between the finance costs and the reduction of the outstanding liability. Finance
costs, which represent the difference between the total hire purchase commitments and the fair value of the assets acquired,
are recognised as an expense in the income statement over the term of the relevant hire purchase so as to produce a
constant periodic rate of charge on the remaining balance of the obligations for each accounting period.
The depreciation policy for assets purchased under hire purchase is consistent with that for depreciable property, plant and
equipment as described in Note 2(e).
(i) Provisions for Liabilities
Provisions for liabilities are recognised when the Group has a present obligation as a result of a past event and it is probable
that an outflow of resources embodying ecomonic benefits will be required to settle the obligation, and a reliable estimate of
the amount can be made. Provisions are reviewed at each balance sheet date and adjusted to reflect the current best
estimate. Where the effect of the time value of money is material, the amount of a provision is the present value of the
expenditure expected to be required to settle the obligation.
(j) Income Tax
Income tax on the profit or loss for the year comprises current and deferred tax. Current tax is the expected amount of
income taxes payable in respect of the taxable profit for the year and is measured using the tax rates that have been
enacted at the balance sheet date.
Deferred tax is provided for, using the liability method, on temporary differences at the balance sheet date between the tax
bases of assets and liabilities and their carrying amounts in the financial statements. In principle, deferred tax liabilities are
recognised for all taxable temporary differences and deferred tax assets are recognised for all deductible temporary
differences, unused tax losses and unused tax credits to the extent that it is probable that taxable profit will be available
against which the deductible temporary differences, unused tax losses and unused tax credits can be utilised. Deferred tax
is not recognised if the temporary difference arises from goodwill or negative goodwill or from the initial recognition of an
asset or liability in a transaction which is not a business combination and at the time of the transaction, affects neither
accounting profit nor taxable profit.
Deferred tax is measured at the tax rates that are expected to apply in the period when the asset is realised or the liability
is settled, based on tax rates that have been enacted or substantively enacted at the balance sheet date. Deferred tax is
recognised in the income statement, except when it arises from a transaction which is recognised directly in equity, in which
case the deferred tax is also recognised directly in equity, or when it arises from a business combination that is an acquisition,
in which case the deferred tax is included in the resulting goodwill or negative goodwill.

(k) Employee Benefits
(i) Short term benefits
Wages, salaries, bonuses and social security contributions are recognised as an expense in the year in which the
associated services are rendered by employees of the Group. Short term accumulating compensated absences such
as paid annual leave are recognised when services are rendered by employees that increase their entitlement to
future compensated absences. Short term non-accumulating compensated absences such as sick leave are recognised
when the absences occur.
(ii) Defined contribution plans
As required by law, companies in Malaysia make contributions to the state pension scheme, the Employees Provident
Fund ("EPF"). Such contributions are recognised as an expense in the income statement as incurred.
(iii) Equity compensation benefits
The Top Glove Corporation Bhd.'s ESOS allows the Group's employees to acquire ordinary shares of the Company.
No compensation cost or obligation is recognised. When the options are exercised, equity is increased by the amount
of the proceeds received.
(l) Revenue Recognition
Revenue is recognised when it is probable that the economic benefits associated with the transaction will flow to the
enterprise and the amount of the revenue can be measured reliably.
(i) Sale of goods
Revenue relating to sale of goods is recognised net of sales taxes, discounts and returns upon the transfer of risks
and rewards.
(ii) Revenue from services
Revenue from services rendered is recognised net of service taxes and discounts as and when the services are
performed.
(iii) Interest income

Interest is recognised on a time proportion basis that reflects the effective yield on the asset.
(iv) Dividend income
Dividend income is recognised when the right to receive payment is established.
(m) Foreign Currencies
(i) Foreign currency transactions
Transactions in foreign currencies are initially recorded in Ringgit Malaysia at rates of exchange ruling at the date of
the transaction. At each balance sheet date, foreign currency monetary items are translated into Ringgit Malaysia at
exchange rates ruling at that date, unless hedged by forward foreign contracts, in which case the rates specified in
such forward contracts are used. Non-monetary items initially denominated in foreign currencies, which are carried at
historical cost are translated using the historical rate as of the date of acquisition and non monetary items which are
carried at fair value are translated using the exchange rate that existed when the values were determined. All exchange
differences are taken to the income statement.

(m) Foreign Currencies (cont’d)
(ii) Foreign entities
Financial statements of foreign consolidated subsidiaries are translated at year-end exchange rates with respect to
the assets and liabilites, and at exchange rates at the date of the transactions with respect to the income statement.
All resulting translation differences are recognised in equity.
Goodwill and fair value adjustments arising on the acquisition of a foreign entity are treated as assets and liabilities of
the Company and translated at the exchange rate ruling at the date of the transaction.
The principal exchange rates used for each respective unit of foreign currency ruling at balance sheet date used are
as follows :
2005 2004
RM RM
United States Dollars 3.77 3.80

Singapore Dollars 2.15 2.15
Thailand Baht 0.09 0.09
China, Yuan Renminbi 0.47 0.46
(n) Impairment of Assets
At each balance sheet date, the Group reviews the carrying amounts of its assets to determine whether there is any
indication of impairment. If any such indication exists, impairment is measured by comparing the carrying values of the
assets with their recoverable amounts. Recoverable amount is the higher of net selling price and value in use, which is
measured by reference to discounted future cash flows. An impairment loss is recognised as an expense in the income
statement immediately.
(o) Financial Instruments
Financial instruments are recognised in the balance sheet when the Group has become a party to the contractual provisions
of the instrument.
Financial instruments are classified as liabilities or equity in accordance with the substance of the contractual arrangement.
Interest, dividends and gains and losses relating to a financial instrument classified as a liability, are reported as expense
or income. Distributions to holders of financial instruments classified as equity are recognised directly in equity. Financial
instruments are offset when the Group has a legally enforceable right to offset and intends to settle either on a net basis or
to realise the asset and settle the liability simultaneously.
(i) Other Non-Current Investments
Non-current investments other than investments in subsidiaries are stated at cost less impairment losses. On disposal
of an investment, the difference between net disposal proceeds and its carrying amount is recognised in the income
statement.
(ii) Trade Receivables
Trade receivables are carried at anticipated realisable values. Bad debts are written off when identified. An estimate
is made for doubtful debts based on a review of all outstanding amounts as at the balance sheet date.

(o) Financial Instruments (cont’d)
(iii) Trade Payables
Trade payables are stated at cost which is the fair value of the consideration to be paid in the future for goods and
services received.
(iv) Interest-Bearing Borrowings
Interest-bearing bank loans and overdrafts are recorded at the amount of proceeds received, net of transaction
costs.
Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are
assets that necessarily take a substantial period of time to get ready for their intended use or sale, are capitalised as
part of the cost of those assets, until such time as the assets are substantially ready for their intended use or sale.
The amount of borrowing costs eligible for capitalisation is determined by applying a capitalisation rate which is the
weighted average of the borrowing costs applicable to the Group's borrowings that are outstanding during the year,
other than borrowings made specifically for the purpose of obtaining another qualifying asset. For borrowings made
specifically for the purpose of obtaining a qualifying asset, the amount of borrowing costs eligible for capitalisation is
the actual borrowing costs incurred on that borrowing during the period less any investment income on the temporary
investment of that borrowing.
All other borrowing costs are recognised as an expense in the income statement in the period in which they are
incurred.
(v) Equity Instruments
Ordinary shares are classified as equity. Dividends on ordinary shares are recognised in equity in the period in which
they are declared.
The transaction costs of an equity transaction are accounted for as a deduction from equity. Equity transaction costs
comprise only those incremental external costs directly attributable to the equity transaction which would otherwise
have been avoided.
(vi) Derivative Financial Instruments
Derivative financial statements are not recognised in the financial statements on inception.
Forward foreign exchange contracts :
The underlying foreign currency assets or liabilities are translated at their respective hedged exchange rates and all
exchange gains or losses are recognised as income or expense in the income statement in the same period as the
exchange differences on the underlying hedged items. Exchange gains and losses arising on contracts entered into
as hedges of anticipated future transactions are deferred until the date of such transactions, at which time they are
included in the measurement of such transactions.

3. REVENUE
Group Company
2005 2004 2005 2004
RM RM RM RM
Sales of goods net of discounts 641,827,120 418,133,120 – –

Management fees receivable from subsidiaries – – 334,000 334,000
Dividends received from subsidiaries – – 14,800,000 12,200,000
641,827,120 418,133,120 15,134,000 12,534,000
4. PROFIT FROM OPERATIONS
Profit from operations is stated after charging/(crediting) :

Group Company
2005 2004 2005 2004
RM RM RM RM
Auditors’ remuneration 110,844 103,719 18,000 16,000

Depreciation 18,619,858 13,538,507 – –
Non-executive directors' remuneration (Note 6) 118,580 107,800 118,580 107,800
Net foreign exchange losses/(gains) :
- Realised (1,199,015) (452,892) – –
- Unrealised 243,526 (223,328) – –
Staff costs (Note 5) 60,970,544 36,952,401 251,161 144,100
Rental expenses 1,657,078 1,247,357 – –
Property, plant and equipment written off – 27,001 – –
Loss/(gain) on disposal of property, plant and equipment 197,317 (46,058) – –
Rental income (3,000) (3,000) – –
5. STAFF COSTS
Group Company
2005 2004 2005 2004
RM RM RM RM
Wages and salaries 56,195,555 33,844,041 82,343 –

Social security costs 727,203 395,882 450 –
Pension costs - defined contribution plan 1,953,205 1,411,936 9,858 –
Other staff related expenses 1,936,071 1,156,442 – –
Directors' fees 158,510 144,100 158,510 144,100
60,970,544 36,952,401 251,161 144,100
Included in staff costs of the Group and of the Company are executive directors' remuneration amounting to RM2,086,506 (2004:
RM1,601,736) and RM193,441 (2004: RM144,100) respectively as further disclosed in Note 6.

6. DIRECTORS' REMUNERATION
Group Company
2005 2004 2005 2004
RM RM RM RM
Directors of the Company
Executive:
Salaries and other emoluments 1,760,181 1,332,716 31,187 –
Pension costs - defined contribution plan 167,815 124,920 3,744 –
Fees 158,510 144,100 158,510 144,100
Benefits-in-kind 49,000 49,000 – –
2,135,506 1,650,736 193,441 144,100
Non-executive :
Fees 118,580 107,800 118,580 107,800
Analysis excluding benefits-in-kind:
Total executive directors' remuneration (Note 5) 2,086,506 1,601,736 193,441 144,100

Total non-executive directors' remuneration (Note 4) 118,580 107,800 118,580 107,800
Total directors' remuneration 2,205,086 1,709,536 312,021 251,900
Executive directors of the Company have been granted the following number of options under the Company's ESOS :
Group and Company

2005 2004
Number of options over ordinary shares of RM1.00 each
At beginning of year/period 500,000 90,000

Granted – 500,000
Exercised (180,000) (90,000)
Arising from share split (320,000) –
At end of year/period – 500,000
Number of options over ordinary shares of RM0.50 each

At beginning of year/period – –
Arising from share split 640,000 –
Granted 684,000 –
Exercised (160,000) –
At end of year/period 1,164,000 –
The share options were granted on the same terms and conditions as those offered to other employees of the Group as disclosed
in Note 23.

7. FINANCE COSTS, NET
Included in finance costs of the Group are :

2005 2004
RM RM
Interest expenses on borrowings 4,825,843 1,908,985

Interest income on deposits (144,252) (70,936)
4,681,591 1,838,049
8. TAXATION
Group Company
2005 2004 2005 2004
RM RM RM RM
Tax expense for the year:

Malaysian income tax 3,722,401 2,909,290 812,000 1,568,000
Foreign tax 398,209 163,870 – –
Under/(over) provided in prior years 303,369 9,442 (34,821) –
4,423,979 3,082,602 777,179 1,568,000
Deferred tax (Note 24):

Relating to origination and
reversal of temporary differences 2,320,832 2,484,878 – –
Under/(over) provided in prior years 823,423 (321,853) – –
3,144,255 2,163,025 – –
7,568,234 5,245,627 777,179 1,568,000
Domestic income tax is calculated at the Malaysian statutory tax rate of 28% (2004 : 28%) of the estimated assessable profit for
the year. Taxation for other jurisdictions is calculated at the rates prevailing in the respective jurisdictions.
A reconciliation of income tax expense applicable to profit before taxation at the statutory income tax rate to income tax expense
at the effective income tax rate of the Group and of the Company is as follows:
2005 2004
RM RM
Group
Profit before taxation 65,745,250 45,190,116
Taxation at Malaysian statutory tax rate of 28% (2004 : 28%) 18,408,670 12,653,232
Effect of different tax rates in other countries 165,235 31,984
Effect of income subject to tax rate of 20% (41,260) (41,399)
Effects of tax incentives claimed by foreign subsidiaries (2,128,999) (1,226,181)
Expenses not deductible for tax purposes 631,864 253,078
Utilisation of current year's reinvestment allowances (5,662,868) (5,452,804)

8. TAXATION (CONT’D)
2005 2004
RM RM
Group
Effect of utilisation of previously unrecognised tax losses – (5,410)

Deferred tax assets recognised on reinvestment allowances (4,932,545) (779,212)
Deferred tax assets not recognised in respect of current year's tax losses 1,282 124,750
Under/(over)provision of deferred tax in prior year 823,423 (321,853)
Underprovision of income tax expense in prior years 303,432 9,442
Tax expense for the year 7,568,234 5,245,627
Company
Profit before taxation 14,247,115 12,151,804
Taxation at Malaysian statutory tax rate of 28% (2004 : 28%) 3,989,192 3,402,505
Effect of income not subject to tax (3,332,000) (1,848,000)
Expenses not deductible for tax purposes 154,808 18,905
Effect of utilisation of previously unrecognised tax losses – (5,410)
Overprovision of tax expense in prior year (34,821) –
Tax expense for the year 777,179 1,568,000
9. EARNINGS PER SHARE
(a) Basic
Basic earnings per share is calculated by dividing the net profit for the year by the weighted average number of ordinary
shares in issue during the financial year.
Group
2005 2004
Net profit for the year (RM) 58,140,598 39,534,493

Weighted average number of ordinary shares in issue 187,324,249 92,785,000
Basic earnings per share (sen) 31.04 21.30
(b) Diluted
For the purpose of calculating diluted earnings per share, the weighted average number of ordinary shares in issue during
the financial year have been adjusted for the effects of dilutive potential ordinary shares from conversion of the options
granted under ESOS. The adjusted weighted average number of ordinary shares is the weighted average number of
ordinary shares in issue during the financial year plus the weighted average number of ordinary shares which would be
issued on the conversion of the oustanding options granted under the Company's ESOS into ordinary shares.

9. EARNINGS PER SHARE (CONT’D)
Group
2005 2004
Net profit for the year (RM) 58,140,598 39,534,493
Weighted average number of ordinary shares in issue 187,324,249 92,785,000

Effect of dilution: share options 1,116,180 285,000
Adjusted weighted average number of ordinary shares in issue and issuable 188,440,429 93,070,000
Diluted earnings per share (sen) 30.85 21.24
The comparative basic and diluted earnings per share have been restated to take into account the effect of share split as
disclosed in Note 23.
10. DIVIDENDS
Amount Net Dividends per Share

2005 2004 2005 2004
RM RM Sen Sen
Group and Company
In respect of financial year 2004

Interim tax exempt dividend of
5%, paid on 6 September 2004 – 4,651,200 – 2.50
Final tax exempt dividend of 6%,
paid on 15 March 2005 – 5,620,770 – 3.00
Final dividend of 3% less 28%
taxation, paid on 15 March 2005 – 2,023,481 – 1.08
In respect of financial year 2005
Interim tax exempt dividend of
6%, paid on 16 September 2005 5,654,664 – 3.00 –
Proposed :
Final tax exempt dividend of 6% 5,665,983 – 3.00 –
Final dividend of 4% less 28% 2,719,672 – 1.44 –
14,040,319 12,295,451 7.44 6.58
At the forthcoming Annual General Meeting, a final tax exempt dividend of 6% on 188,866,100 ordinary shares amounting to
RM5,665,983 (3 sen per share) and a final dividend of 4% less 28% taxation amounting to RM2,719,672 (1.44 sen per share) in
respect of the financial year ended 31 August 2005 will be proposed for shareholders' approval. The financial statements for the
current financial year do not reflect this proposed dividend. Such dividend, if approved by the shareholders, will be accounted for
in equity as an appropriation of retained profits in the financial year ending 31 August 2006.
The comparative dividends per ordinary share have been restated to take into account of the effect of share split.

11. PROPERTY, PLANT AND EQUIPMENT
* Land Plant Capital

and and ** Other work-in-
Group buildings equipment assets progress Total
RM RM RM RM RM
Cost
At 1 September 2004 71,840,026 130,041,740 12,842,276 4,452,932 219,176,974

Additions 31,177,355 53,467,332 5,884,608 45,498,762 136,028,057
Disposals - (547,568) (117,248) – (664,816)
Reclassification 643,510 10,775,069 (652,070) (10,766,509) –
Exchange differences 99,546 57,203 474,372 (464,439) 166,682
At 31 August 2005 103,760,437 193,793,776 18,431,938 38,720,746 354,706,897
Accumulated
Depreciation
At 1 September 2004 4,056,502 32,656,144 4,258,986 - 40,971,632

Depreciation charge for
the year 1,280,720 15,543,732 1,795,406 - 18,619,858
Disposals - (96,820) (83,385) - (180,205)
Reclassification - (148) 148 - -
At 31 August 2005 5,337,222 48,102,908 5,971,155 - 59,411,285
Net Book Value
At 31 August 2005 98,423,215 145,690,868 12,460,783 38,720,746 295,295,612
At 31 August 2004 67,783,524 97,385,596 8,583,290 4,452,932 178,205,342
Details at
1 September 2003
Cost 52,356,463 98,329,101 10,065,197 4,438,891 165,189,652

Accumulated
Depreciation 2,886,069 21,754,323 3,415,123 – 28,055,515
Depreciation charge
for 2004 1,170,984 10,907,646 1,459,877 – 13,538,507

11. PROPERTY, PLANT AND EQUIPMENT (CONT’D)
* Land and buildings

Long term
Freehold leasehold
land land Buildings Total
RM RM RM RM
Cost
At 1 September 2004 19,831,773 3,736,223 48,272,030 71,840,026

Additions 8,372,146 – 22,805,209 31,177,355
Reclassification 518,583 – 124,927 643,510
Exchange differences (269) 11,532 88,283 99,546
At 31 August 2005 28,722,233 3,747,755 71,290,449 103,760,437
Accumulated Depreciation
At 1 September 2004 – 273,708 3,782,794 4,056,502

Depreciation charge for the year – 48,187 1,232,533 1,280,720
At 31 August 2005 – 321,895 5,015,327 5,337,222
Net Book Value
At 31 August 2005 28,722,233 3,425,860 66,275,122 98,423,215
At 31 August 2004 19,831,773 3,462,515 44,489,236 67,783,524
Details at 1 September 2003
Cost 10,956,510 6,023,531 35,376,422 52,356,463

Accumulated depreciation – 199,705 2,686,364 2,886,069
Depreciation charge for 2004 – 74,003 1,096,981 1,170,984
** Other assets comprise motor vehicles, electrical installation, office furniture and equipment.
(a) Property, plant and equipment of the Group with the following carrying values are pledged to banks for banking facilities
granted to the Group as referred to in Note 19.
2005 2004
RM RM
Land and buildings 52,622,049 30,739,043

Plant and equipment 77,984,758 60,907,306
Other assets 5,075,611 362,083
135,682,418 92,008,432

11. PROPERTY, PLANT AND EQUIPMENT (CONT’D)
(b) During the financial year, the Group acquired property, plant and equipment at aggregate costs of RM136,028,057 (2004:
RM57,543,139) of which RM324,320 (2004: RM7,960,000) were acquired by means of hire purchase arrangements. Net
book values of property, plant and equipment held under hire purchase arrangements are as follows:
2005 2004
RM RM
Plant and equipment 6,891,015 7,727,749

Motor vehicles 1,304,790 1,434,342
8,195,805 9,162,091
12. INVESTMENTS IN SUBSIDIARIES

Company
2005 2004
RM RM
Unquoted shares, at cost :

- in Malaysia 25,620,022 25,170,022
- outside Malaysia 3,727,583 805,191
29,347,605 25,975,213
Details of the subsidiaries are as follows :
Country of Equity interest (%)

Name of company incorporation 2005 2004 Principal activities
Top Glove Sdn. Bhd. (“TGSB”) Malaysia 100 100 Manufacture and trading of gloves
TG Medical Sdn. Bhd. * Malaysia 100 100 Manufacture and trading of gloves
Great Glove Sdn. Bhd. * Malaysia 100 100 Trading of gloves
Top Glov Engineering Sdn. Bhd. * Malaysia 100 100 Property investment and trading of
machinery
TG Medical (U.S.A.) Inc * United States of America 100 100 Trading of gloves
Subsidiaries of TGSB :
Great Glove (Thailand) Co. Ltd.* Thailand 74 74 Manufacture of gloves
Top Glove Medical (Thailand) Co. Ltd.* Thailand 100 100 Manufacture of gloves
Top Glove (Zhangjiagang) Co. Ltd.* The People's 100 100 Manufacture of gloves
Republic of China
Top Glove International Sdn. Bhd.* Malaysia 100 100 Dormant
Top Glove Technology Sdn. Bhd.* Malaysia 100 100 Dormant
* Audited by firms of auditors other than Ernst & Young.

13. OTHER INVESTMENT
Group
2005 2004
RM RM
Golf resort membership at cost 138,930 43,900
14. DUE FROM A SUBSIDIARY
The amount due from a subsidiary is unsecured, interest free and not receivable within the next twelve months.
15. INVENTORIES
Group
2005 2004
RM RM
At cost -
Raw materials 13,740,210 7,637,120
Consumables and hardware 4,584,566 3,578,121
Work-in-progress 5,604,772 4,924,997
Finished goods 38,797,495 24,164,915
62,727,043 40,305,153
16. TRADE RECEIVABLES
Group
2005 2004
RM RM
Trade receivables 112,327,297 61,600,847

Less: Provision for doubtful debts (6,726) (6,726)
112,320,571 61,594,121
The Group's normal trade credit term ranges from 30 to 90 days. Other credit terms are assessed and approved on a case-by-
case basis.
The Group has no significant concentration of credit risk that may arise from exposures to a single debtor or to groups of debtors.
17. OTHER RECEIVABLES
Included in other receivables of the Company are amounts due from subsidiaries of RM19,884,948 (2004 : RM20,480,948)
which are unsecured, interest free and with no fixed terms of repayment.
The Group has no significant concentration of credit risk that may arise from exposures to a single debtor or to groups of debtors.

18. CASH AND CASH EQUIVALENTS
Group Company
2005 2004 2005 2004
RM RM RM RM
Cash on hand and in banks 23,634,395 20,255,024 15,347 7,852

Fixed deposits with a licensed bank 1,493,587 4,356,163 – –
Cash and bank balances 25,127,982 24,611,187 15,347 7,852
Less :
Bank overdrafts (Note 19) (315,759) (7,992,906) – –
Cash and cash equivalents 24,812,223 16,618,281 15,347 7,852
Fixed deposits amounting to RM767,325 (2004 : RM739,957) are registered in the name of certain directors, who are holding
them in trust for the Group.
Deposits with a licensed bank of the Group amounting to RM913,426 (2004 : RM1,344,895) are pledged to banks as securities.
The weighted average effective interest rates at the balance sheet date and maturities at the end of the financial year of the
deposits were as follows:
Group
2005 2004
% Days % Days
Licensed banks 2.8 365 2.5 365
19. BORROWINGS
Group
2005 2004
RM RM
Short Term Borrowings
Secured:
Bank overdrafts (Note 18) 315,759 7,992,906
Bankers' acceptances 25,197,653 9,131,106
Export credit refinancing 13,918,038 10,627,305
Promissory notes 4,565,668 2,739,726
Revolving credits 8,852,031 –
Trust receipts 11,270,798 –
Term loans 18,519,744 5,417,981
Hire purchase payables (Note 20) 1,651,567 4,045,695
84,291,258 39,954,719

19. BORROWINGS (CONT’D)

Group
2005 2004
RM RM
Long Term Borrowings
Secured:
Term loans 69,695,183 21,408,656
Hire purchase payables (Note 20) 203,815 1,758,717
69,898,998 23,167,373
Total Borrowings
Bank overdrafts (Note 18) 315,759 7,992,906

Bankers' acceptances 25,197,653 9,131,106
Export credit refinancing 13,918,038 10,627,305
Promissory notes 4,565,668 2,739,726
Revolving credits 8,852,031 –
Trust receipts 11,270,798 –
Term loans 88,214,927 26,826,637
Hire purchase payables (Note 20) 1,855,382 5,804,412
154,190,256 63,122,092
Maturity of borrowings (excluding hire purchase)

Within one year 82,639,691 35,909,024
More than 1 year and less than 2 years 22,060,363 5,501,931
More than 2 years and less than 5 years 40,316,062 13,631,712
5 years or more 7,318,758 2,275,013
152,334,874 57,317,680
The weighted average effective interest rates at the balance sheet date for borrowings, excluding hire purchase payables were
as follows:
Group
2005 2004
% %
Bank overdrafts 7.0 7.0

Bankers' acceptances 3.9 3.8
Export credit refinancing 3.3 3.3
Promissory notes 5.5 5.2
Revolving credits 5.8 –
Trust receipts 5.0 –
Term loans 4.5 5.6
The above bank borrowings of the Group are secured by way of fixed and floating charges over certain property, plant and
equipment and deposits with a licensed bank of the Group as disclosed in Note 11(a) and Note 18 respectively.

20. HIRE PURCHASE PAYABLES
Group
2005 2004
RM RM
Minimum hire purchase payments:

Not later than 1 year 1,762,724 4,311,442
Later than 1 year and not later than 2 years 214,896 1,741,361
Later than 2 years and not later than 5 years 7,853 137,316
1,985,473 6,190,119
Less :Future finance charges (130,073) (385,707)
Present value of hire purchase payables 1,855,400 5,804,412
Present value of hire purchase payables:

Not later than 1 year 1,651,567 4,045,695
Later than 1 year and not later than 2 years 196,597 1,634,801
Later than 2 years and not later than 5 years 7,218 123,916
1,855,382 5,804,412
Analysed as:
Due within 12 months (Note 19) 1,651,567 4,045,695
Due after 12 months (Note 19) 203,815 1,758,717
1,855,382 5,804,412
The hire purchase bore interest at the balance sheet date of between 2.80% to 3.90% (2004 : 3.15% to 5.00% ) per annum.
21. TRADE PAYABLES
Included in trade payables of the Group is an amount of RM1,307,056 (2004 : RM841,177) due to Von Bundit Co., Ltd., a
corporate shareholder of a subsidiary of the Company, Great Glove (Thailand) Co. Ltd.
The normal trade credit term granted to the Group ranges from 30 to 90 days.
22. OTHER PAYABLES
Included in prior year other payables of the Group is an amount of RM267,198 due to a director. The amount due is unsecured,
interest free and has no fixed terms of repayment.

23. SHARE CAPITAL
Group and Company

Number of Ordinary Shares Amount
2005 2004 2005 2004
RM RM
Authorised :
Ordinary shares of RM1.00 each

At beginning of year 200,000,000 200,000,000 200,000,000 200,000,000
Arising from share split (200,000,000) – (200,000,000) –
At end of year – 200,000,000 – 200,000,000

At beginning of year – – – –
Arising from share split 400,000,000 – 200,000,000 –
At end of year 400,000,000 – 200,000,000 –
Issued and fully paid :

At beginning of year 93,059,000 92,197,000 93,059,000 92,197,000
Issued and paid up during the year:
- Pursuant to ESOS 620,500 862,000 620,500 862,000
Arising from share split (93,679,500) – (93,679,500) –
At end of year – 93,059,000 – 93,059,000

At beginning of year – – – –
Arising from share split 187,359,000 – 93,679,500 –
Issued and paid up during the year:
- Pursuant to ESOS 1,279,600 – 639,800 –
At end of year 188,638,600 – 94,319,300 –
During the financial year, the Company subdivided its existing one ordinary share of RM1.00 each into two (2) ordinary shares of
RM0.50 each. As a result, the authorised share capital of the Company has been changed from 200,000,000 units of ordinary
shares of RM1.00 each to 400,000,000 units of ordinary shares of RM0.50 each.
Subsequent to the end of the financial year, the Company increased its issued and paid-up share capital from RM94,319,300 to
RM94,433,050 by way of the issuance of 227,500 ordinary shares of RM0.50 each pursuant to the ESOS at an option price of
between RM3.92 and RM4.50 per ordinary share.
All the new ordinary shares that were issued rank pari passu in all respects with the existing shares.

23. SHARE CAPITAL (CONT’D)
Employee Share Options Scheme
The Company's ESOS is governed by the by-laws which was approved by the shareholders at the Extraordinary General
Meeting held on 9 January 2003 and became effective on 29 April 2003.
The main features of the ESOS are as follows:
(a) The ESOS shall be in force for a period of five years from the date of the receipt of the last of the requisite approvals.
(b) Eligible persons are employees of the Group (including executive directors) who have been confirmed in the employment
of the Group and have served for at least one year before the date of the offer. The eligibility for participation in the ESOS
shall be at the discretion of the Options Committee appointed by the Board of Directors.
(c) The total number of shares to be issued under the ESOS shall not exceed in aggregate 10% of the issued share capital of
the Company at any point of time during the tenure of the ESOS.
(d) The option price for each share shall be the 5-days weighted average market price of the underlying shares at the time the
ESOS Options are granted, with a discount of not more than ten percent (10%) if deemed appropriate, or the par value of
the ordinary shares of the Company of RM0.50, whichever is the higher.
(e) No option shall be granted for less than 100 shares to any eligible employee.
(f) An option granted under the ESOS shall be capable of being exercised by the grantee by notice in writing to the Company
commencing from the date of the offer but before the expiry of five years from the date of the receipt of the last of the
requisite approvals.
(g) All new ordinary shares issued upon exercise of the options granted under the ESOS will rank pari passu in all respect with
the existing ordinary shares of the Company other than as may be specified in a resolution approving the distribution of
dividends prior to their exercise dates.
(h) The persons to whom the options have been granted have no right to participate by virtue of the options in any share issue
of any other company.
(i) The options shall not carry any right to vote at a general meeting of the Company.

Details of share options granted during the financial year are as follows :
2005
<––––––– Number of share options over the ordinary shares of RM1.00 each ––––––––>
Balance
prior to
adjustment
Grant Expiry Exercise At beginning for share
Date Date Price of year Granted Exercised Lapsed split*
RM '000 '000 '000 '000 '000
5.6.2003 29.4.2008 1.73 26.0 – (11.0) – 15.0

6.10.2003 29.4.2008 3.55 9.0 – (9.0) – –
6.1.2004 29.4.2008 4.33 15.0 – (15.0) – –
6.2.2004 29.4.2008 5.24 2.0 – (2.0) – –
6.3.2004 29.4.2008 5.60 8.0 – (1.0) – 7.0
6.4.2004 29.4.2008 6.34 14.0 – – – 14.0
6.5.2004 29.4.2008 7.00 19.0 – (3.0) – 16.0
7.6.2004 29.4.2008 6.28 1,606.0 – (435.0) – 1,171.0
6.7.2004 29.4.2008 6.39 50.0 – (24.0) – 26.0
6.8.2004 29.4.2008 6.66 44.0 – (21.0) – 23.0
6.9.2004 29.4.2008 6.53 – 14.0 (7.0) – 7.0
6.10.2004 29.4.2008 6.59 – 66.0 (48.0) – 18.0
6.11.2004 29.4.2008 6.90 – 136.1 (42.5) (2.4) 91.2
6.12.2004 29.4.2008 7.26 – 21.0 (2.0) – 19.0
6.1.2005 29.4.2008 7.83 – 52.0 – – 52.0
4.2.2005 29.4.2008 8.23 – 14.4 – – 14.4
1,793.0 303.5 (620.5) (2.4) 1,473.6
<––––––– Number of share options over the ordinary shares of RM0.50 each –––––––>
Balance after
adjustment
Grant Expiry Exercise for share At end
Date Date Price split* Granted Exercised Lapsed of year
RM '000 '000 '000 '000 '000
5.6.2003 29.4.2008 0.87 30.00 – (9.0) – 21.0

6.3.2004 29.4.2008 2.80 14.00 – (3.0) – 11.0
6.4.2004 29.4.2008 3.17 28.00 – (2.0) – 26.0
6.5.2004 29.4.2008 3.50 32.00 – (18.0) – 14.0
7.6.2004 29.4.2008 3.14 2,342.00 – (920.0) – 1,422.0
6.7.2004 29.4.2008 3.20 52.00 – (36.0) – 16.0
6.8.2004 29.4.2008 3.33 46.00 – (31.0) – 15.0

<–––––––Number of share options over the ordinary shares of RM0.50 each –––––––––>
Balance after
adjustment
Grant Expiry Exercise for share At end
Date Date Price split* Granted Exercised Lapsed of year
RM '000 '000 '000 '000 '000
6.9.2004 29.4.2008 3.27 14.00 – – – 14.0

6.10.2004 29.4.2008 3.30 36.00 – (12.0) – 24.0
6.11.2004 29.4.2008 3.45 182.40 – (36.4) – 146.0
6.12.2004 29.4.2008 3.63 38.00 – (24.0) – 14.0
6.1.2005 29.4.2008 3.92 104.00 – (13.0) – 91.0
4.2.2005 29.4.2008 4.12 28.80 – (6.0) – 22.8
7.3.2005 29.4.2008 4.19 – 87.8 (20.0) – 67.8
7.4.2005 29.4.2008 4.17 – 186.6 (4.0) (0.6) 182.0
6.5.2005 29.4.2008 4.03 – 169.2 (12.0) – 157.2
6.6.2005 29.4.2008 4.01 – 2,216.4 (133.2) (3.6) 2,079.6
5.7.2005 29.4.2008 4.12 – 77.8 – – 77.8
5.8.2005 29.4.2008 4.43 – 101.9 – – 101.9
2,947.2 2,839.7 (1,279.6) (4.2) 4,503.1
* Share split into two (2) new ordinary shares of RM0.50 each for every one (1) existing ordinary share of RM1.00 each.
2004
<–––––––– Number of share options over the ordinary shares of RM1.00 each –––––––>
Grant Expiry Exercise At beginning At end
Date Date Price of year Granted Exercised Lapsed of year
RM '000 '000 '000 '000 '000
5.6.2003 29.4.2008 1.73 615.0 – (589.0) – 26.0

7.7.2003 29.4.2008 2.32 25.0 – (25.0) – –
6.8.2003 29.4.2008 2.92 34.0 – (34.0) – –
6.10.2003 29.4.2008 3.55 – 50.0 (41.0) – 9.0
6.11.2003 29.4.2008 4.15 – 25.0 (25.0) – –
6.12.2003 29.4.2008 4.10 – 7.0 (7.0) – –
6.1.2004 29.4.2008 4.33 – 45.0 (30.0) – 15.0
6.2.2004 29.4.2008 5.24 – 2.0 – – 2.0
6.3.2004 29.4.2008 5.60 – 21.0 (13.0) – 8.0
6.4.2004 29.4.2008 6.34 – 14.0 – – 14.0
6.5.2004 29.4.2008 7.00 – 19.0 – – 19.0
7.6.2004 29.4.2008 6.28 – 1,750.0 (91.0) (53.0) 1,606.0
6.7.2004 29.4.2008 6.39 – 50.0 – – 50.0
6.8.2004 29.4.2008 6.66 – 51.0 (7.0) – 44.0
674.0 2,034.0 (862.0) (53.0) 1,793.0

Details of share options exercised during the financial year and the fair value, at exercise date, of ordinary shares issued are as
follows :
Fair Value of Number of Considerations

Exercise Date Exercise Price Ordinary Shares Share Options Received
RM RM '000 RM
2005
Before share split
September 2004 - February 2005 1.73 - 6.66 7.26 - 9.14 528.0 3,223,740
October 2004 - February 2005 6.59 7.32 - 9.14 48.0 316,320
November 2004 - February 2005 6.90 7.67 - 9.14 42.5 293,250
December 2004 - February 2005 7.26 8.07 - 9.14 2.0 14,520
After share split
February 2005 - August 2005 0.87 - 4.12 3.63 - 4.92 1,110.4 3,520,790
March 2005 - August 2005 4.19 4.66 - 4.92 20.0 83,800
April 2005 - August 2005 4.17 4.63 - 4.92 4.0 16,680
May 2005 - August 2005 4.03 4.48 - 4.92 12.0 48,360
June 2005 - August 2005 4.01 4.46 - 4.92 133.2 534,132
8,051,592
Less: Par value of ordinary shares (1,260,300)
Share premium 6,791,292
2004
September 2003 - August 2004 1.73 - 2.92 1.92 - 7.78 648 1,176,250
October 2003 - August 2004 3.55 3.95 - 7.78 41 145,550
November 2003 - August 2004 4.15 4.61 - 7.78 25 103,750
December 2003 - August 2004 4.10 4.56 - 7.78 7 28,700
January 2004 - August 2004 4.33 4.81 - 7.78 30 129,900
March 2004 - August 2004 5.60 6.23 - 7.78 13 72,800
July 2004 - August 2004 6.28 6.98 - 7.40 91 571,898
August 2004 6.66 7.40 7 46,620
862 2,275,468
Less: Par value of ordinary shares (862,000)
Share premium 1,413,468

24. DEFERRED TAXATION
Group
2005 2004
RM RM
At 1 September 6,918,000 4,754,975

Recognised in the income statement (Note 8) 3,144,255 2,163,025
At 31 August 10,062,255 6,918,000
Represented after appropriate offsetting as follows:

Deferred tax assets (12,343,099) (8,023,000)
Deferred tax liabilities 22,405,354 14,941,000
10,062,255 6,918,000
The components and movements of deferred tax liabilities/(assets) of the Group during the financial year prior to offsetting are as
follows:
Accelerated Unutilised
Capital Reinvestment
Allowances Allowance Total
RM RM RM
At 1 September 2003 11,801,975 (7,047,000) 4,754,975

Recognised in the income statements 3,139,025 (976,000) 2,163,025
At 31 August 2004 14,941,000 (8,023,000) 6,918,000
Recognised in the income statements 7,464,354 (4,320,099) 3,144,255
At 31 August 2005 22,405,354 (12,343,099) 10,062,255
Deferred tax assets have not been recognised in respect of the following item:
Group
2005 2004
RM RM
Unutilised reinvestment allowances 5,121,343 –
25. RETAINED PROFITS
As at 31 August 2005, the Company has tax exempt profits available for distribution of approximately RM15,414,000 (2004:
RM20,940,000), subject to the agreement of the Inland Revenue Board.
The Company has sufficient tax credit under Section 108 of the Income Tax Act 1976 and the balance in the tax-exempt income
account to frank the payment of dividends out of its entire retained profits as at 31 August 2005.

26. ISLAMIC COMMERCIAL PAPERS/MEDIUM TERM NOTES
During the financial year, the Company proposes to issue Murabahah/Ijarah commerical papers and medium term notes as
follows:
(a) RM100 million Murabahah Commercial Papers ("CP")
The CP facility has an availability period of 7 years from the date of the first issue under the CP programme. CP are issued
at discount to face value and had a maturity period of 1 (one), 2 (two), 3 (three), 6 (six), 9 (nine) or 12 (twelve) months. The
profit rates are determined on the formula specified in the rules of fully automated system for tendering of private debt
securities ("FAST") issued by Bank Negara Malaysia ("BNM").
(b) RM100 million Murabahah Medium Term Notes ("MTN")
The MTN facility has an availability period of 15 years from the date of the first issue under the MTN programme. MTN are
issued at par or at discount to face value and had a maturity period of more than 1 year to not more than 15 years. The profit
rates are determined on the formula specified in FAST rules issued by BNM.
The CP and MTN are secured by an assignment of the Finance Service Reserve Account.
The proceeds from the CP and MTN will be utilised to part finance the Group's capital expenditure for the new factories and
purchase of plant and equipment; to meet the working capital requirements; and to refinance some existing credit facilities of the
Group.
On 4 October 2005, the Securities Commission approved the proposed Islamic CP and MTN.
27. COMMITMENTS
Group
2005 2004
RM RM
Capital expenditure:
Approved and contracted for 12,546,000 20,749,000
28. SIGNIFICANT RELATED PARTY TRANSACTIONS
Company
2005 2004
RM RM
Gross dividends from subsidiaries 14,800,000 12,200,000

Management fees from subsidiaries 334,000 334,000
The directors are of the opinion that the transactions above have been entered into in the normal course of business and have
been established on terms and conditions that are not materially different from those obtainable in transactions with unrelated
parties.

29. CONTINGENT LIABILITIES
Company
2005 2004
RM RM
Corporate guarantee issued to financial institutions for

credit facilities granted to subsidiaries (unsecured) 137,719,434 32,513,140
Save as disclosed below, the Group is not engaged in any litigation, either as plaintiff or defendant, which may have a material
effect on the financial positio of the Group.
(i) On 8 November 2000, Top Glove Sdn. Bhd. ("TGSB"), a subsidiary of the Company was served a writ of summons by
Supermax Glove Manufacturing Sdn. Bhd. (“SGM”) claiming damages for alleged passing off by TGSB of certain coloured
boxes bearing the device of a glove containing gloves manufactured by TGSB under the brand name “Safemax” as boxes
containing gloves manufactured by SGM under the brand name “Supermax”. The Company’s appointed solicitors, have
opined that SGM’s case against the TGSB is weak and unlikely to succeed.
TGSB, in relation to the suit above, has filed its defence and has also filed a counterclaim in the same suit against SGM
seeking general damages for the abuse of process and/or unlawful interference with trade or business and/or the commission
of deliberate and positive acts designed to injure the Company.
To date, the learned Judge was not in favour of fixing trial dates until all pre-trial directions have been complied with
including, inter alia, the filing of the relevant bundles of documents. The pre-trial case management was fixed for 6 July
2004 for parties to file all relevant documents for purposes of trial. This date has been extended to 15 November 2005 for
mention for pre-trial case management pending a decision on an application for Further and Better Particulars on this suit
by the Company as set out below.
The court had also fixed 16 May 2005 for hearing of an application by the Company for Further and Better Particulars on the
above suit. This date was extended to 2 August 2005 and subsequently heard on 13 September 2005 and the said application
was fixed for decision on 11 October 2005. The matter however was not listed before the court on 11 October 2005,
pursuant to which the solicitors in charge were given to understand by the court that a decision date will be fixed by the
court upon the file being located.
(ii) TGSB had commenced legal proceedings against SGM, pursuant to a writ filed at the Shah Alam High Court on 10 November
2004.
TGSB among others is claiming for general, aggravated and exemplary damages for maliciously distributing and publishing
defamatory words contained in documents relating to Summon No. 22-431-2000 filed by SGM at the Shah Alam High
Court. TGSB among others avers that SGM had, with mala fide, distributed the said documents with intent to lower TGSB's
reputation. SGM had also published defamatory words in its quaterly reports announced by its holding company, Supermax
Corporation Berhad to Bursa Malaysia Securities Berhad in the years 2000 and 2001. The commencement of these legal
proceedings was announced by the Company to Bursa Securities on 20 December 2004. SGM has filed a statement of
defence on the above suit on 17 January 2005 and the TGSB has filed the reply to defence on 14 February 2005.
The court had fixed 6 July 2005 for hearing of an application by TGSB to amend the Statement of Claim to include the
Company as an additional plaintiff and Supermax Corporation Berhad as an additional defendant. The matter was heard on
28 September 2005 and a decision was scheduled to be given on 14 October 2005 but the matter has been deferred to
another date which has yet to be fixed by the court.

29. CONTINGENT LIABILITIES (CONT’D)
SGM had filed an application to strike out TGSB's claim. This matter was also heard on 28 September 2005 and a decision
scheduled to be given on 14 October 2005 but the matter has been deferred to another date which has yet to be fixed by the
court.
30. SUBSEQUENT EVENT
Subsequent to the financial year, the wholly owned subsidiary of the Company, TGSB had incorparated a new company, Great
Glove (Xinghua) Co. Ltd. ("Great Glove China") in The People's Republic of China with an authorised capital of USD10.05 million
or approximately RM38,190,000 and initial paid up capital of USD3 million or approximately RM11,400,000. The intended
principal activity of Great Glove China is manufacturing and trading of disposable gloves.
31. FINANCIAL INSTRUMENTS
The Group's financial risk management policy seeks to ensure that adequate financial resources are available for the development
of the Group's businesses whilst managing its interest rate, foreign exchange, credit and liquidity risks.
(a) Interest Rate Risk
The Group’s primary interest rate risk relates to interest-bearing debt, as the Group had no substantial long-term interest-
bearing assets as at 31 August 2005. The investments in financial assets are mainly short term in nature and they are not
held for speculative purposes but have been mostly placed in fixed deposits.
The Group manages its interest rate exposure by maintaining a prudent mix of fixed and floating rate borrowings. The
Group actively reviews its debt portfolio, taking into account the investment holding period and nature of its assets. This
strategy allows it to capitalise on cheaper funding in a low interest rate environment and achieve a certain level of protection
against rate hikes.
The information on maturity dates and effective interest rates of financial assets and liabilities are disclosed in their respective
notes.
(b) Foreign Exchange Risk
The Group is exposed to various currencies especially in United States Dollars, Thailand Baht and Chinese Renminbi.
Foreign currency denominated assets and liabilities together with expected cash flows from highly probable purchases and
sales give rise to foreign exchange exposures.
Foreign exchange exposures in transactional currencies other than functional curencies of the operating entities are kept to
an acceptable level.
Material foreign currency transaction exposures are hedged, mainly with derivative financial instruments such as forward
foreign exchange contracts.

31. FINANCIAL INSTRUMENTS (CONT’D)
The net unhedged financial assets and financial liabilities of the Group companies that are not denominated in their functional
currencies are as follows :
Net Financial Assets/(Liabilities) Held in Non-Functional Currency
Functional Currency of United States United States

Group Companies Thai Baht Dollar Dollar Total
RM RM RM RM
At 31 August 2005 :
Ringgit Malaysia – (2,041,980) – (2,041,980)
Thai Baht – 9,486,448 38,695 9,525,143
Chinese Renminbi – 6,368,580 – 6,368,580
– 13,813,048 38,695 13,851,743
At 31 August 2004 :
Ringgit Malaysia (1,025,457) (7,203,508) – (8,228,965)
Thai Baht – 9,291,652 – 9,291,652
Chinese Renminbi – 2,540,216 – 2,540,216
(1,025,457) 4,628,380 – 3,602,903
As at balance sheet date, the Group had entered into United States Dollars forward foreign exchange contracts with notional
amount of RM156,334,120 (2004 : RM385,397,250) to hedge anticipated sales.
The net unrecognised gains as at 31 August 2005 on forward contracts used to hedge anticipated sales which are expected
to occur during the next twelve months amounted to RM944,480 (2004 : RM1,597,250) and are deferred until the related
sales occur, at which time they will be included in the measurement of the sales.
(c) Credit Risk
Credit risks or the risk of customers defaulting are minimised and monitored via strictly limiting the Group's associations to
business partners with high creditworthiness. Trade receivables are monitored on an ongoing basis via Group management
reporting procedures.
The Group does not have any significant exposure to any individual customer or counterparty nor does it have any major
concentration of credit risk related to any financial instruments.
(d) Liquidity
The Group manages its debt maturity profile, operating cash flows and the availability of funding so as to ensure that all
repayment and funding needs are met. As part of its overall prudent liquidity management, the Group maintains sufficient
levels of cash or cash convertible investments to meet its working capital requirements. In addition, the Group strives to
maintain available banking facilities of a reasonable level to its overall debt position. As far as possible, the Group raises
committed funding from financial institutions and prudently balances its portfolio with some short term funding so as to
achieve overall cost effectiveness.

31. FINANCIAL INSTRUMENTS (CONT’D)
(e) Fair Values
The carrying amounts of financial assets and liabilities of the Company at the balance sheet date approximated their fair
values except for the followings:
Carrying Fair
Amount Value
Note RM RM
Financial Assets
At 31 August 2005
Due from a subsidiary 60,416,042 *
Due from subsidiaries 19,884,948 *
At 31 August 2004
Due from a subsidiary 53,908,646 *
Due from subsidiaries 20,480,948 *
*It is not practicable to estimate the fair value of the amount due from subsidiaries due principally to a lack of fixed repayment
terms entered into by the parties involved and without incurring excessive costs.

32. SEGMENTAL INFORMATION
(a) Primary reporting segment - Geographical segments
The Group operates in four principal geographical areas of the world and is primarily involved in the gloves manufacturing
industry.
The directors are of the opinion that all inter-segment transactions have been entered into in the normal course of business
and have been established on terms and conditions that are not materially different from those obtainable in transactions
with unrelated parties.
31 August 2005
The People's
Republic of
Malaysia Thailand China Others Eliminations Consolidated
RM RM RM RM RM RM
Revenue
External sales 479,483,892 74,979,721 55,494,615 31,868,892 – 641,827,120
Inter-segment sales 23,752,668 23,229,916 25,162,398 – (72,144,982) –
Total revenue 503,236,560 98,209,637 80,657,013 31,868,892 (72,144,982) 641,827,120
Result
Profit from operations 60,310,390 1,266,714 7,793,319 1,056,418 70,426,841
Finance costs, net (4,681,591)
Taxation (7,568,234)
Profit after taxation 58,177,016
Minority interests (36,418)
Net profit for the year 58,140,598
Assets
Segment assets 350,863,900 76,213,852 50,787,334 23,314,072 501,179,158
Goodwill arising
from consolidation 5,324,691
506,503,849
Liabilities
Segment liabilities 199,908,413 45,328,309 36,431,760 8,800,406 290,468,888
Other information
Capital expenditure 84,279,652 33,247,625 8,568,997 9,931,783 136,028,057
Depreciation 14,782,467 2,531,656 1,213,979 91,756 18,619,858
31 August 2004
Revenue
External sales 329,704,030 56,904,201 8,941,906 22,582,983 – 418,133,120
Inter-segment sales 14,193,866 21,804,743 6,056,336 – (42,054,945) –
Total revenue 343,897,896 78,708,944 14,998,242 22,582,983 (42,054,945) 418,133,120

32. SEGMENTAL INFORMATION (CONT’D)
The People's
Republic of
Malaysia Thailand China Others Consolidated
RM RM RM RM RM
Result
Profit/(loss) from operations 43,494,459 3,203,677 (142,224) 472,253 47,028,165
Finance costs, net (1,838,049)
Taxation (5,245,627)
Profit after taxation 39,944,489
Minority interests (409,996)
Net profit for the year 39,534,493
Assets
Segment assets 232,481,951 41,863,320 27,217,603 8,551,590 310,114,464
Goodwill arising
from consolidation 5,330,496
315,444,960
Liabilities
Segment liabilities 116,977,007 21,953,252 13,604,413 244,117 152,778,789
Other information
Capital expenditure 50,809,106 2,994,879 3,591,101 148,053 57,543,139
Depreciation 10,871,751 1,779,767 839,433 47,556 13,538,507
(b) Secondary reporting segment -Business segments
As the Group is principally involved in gloves manufacturing industry, segment reporting by business segment is not
prepared.

List Of Properties
The landed properties owned by the Top Glove as at 31 August 2005 are set out below:
DATE OF LAND AREA/ AUDITED

ACQUISITION(A)/ AGE OF DESCRIPTION/ BUILD-UP NET BOOK
PARTICULARS OF PROPERTY REVALUATION(R) BUILDING TENURE EXISITING USE AREA VALUE AS AT
(YEARS) 31.8.2004
(RM)
Top Glove Sdn Bhd HS (M) 15256, PT 8368, 23/10/97 (A) 8 Freehold Terrace house/ 1,300 115,700
18,Jalan Mempari 10, Mukim of Kapar, Accommodation square feet/
Taman Bayu, Batu51/2, District of Selangor for staff 1,100 square feet
Jalan Meru, Klang
36,Jalan Mempari 1, HS (M) 15297, PT 8411, 13/2/98 (A) 7 Freehold Terrace house/ 1,300 113,398
Taman Bayu, Batu 51/2, Mukim of Kapar, Accommodation square feet/
Jalan meru, Klang District of Selangor for staff 1,100 square feet
11, Jalan Mempari 11, HS (M) 15238, PT 8349 15/9/97 (A) 8 Freehold Terrace house/ 1,300 107,639
Taman Bayu, Batu 51/2, HS (M) 15238, PT 8445 Mukim of Accommodation square feet/
Jalan Meru, Klang Kapar, District of Selangor for staff 1,100 square feet
Lot 4968, Jalan Teratai, EMR 6629, Lot 4968, 13/10/93 (A) 11 Freehold Factory / Glove 3 acres / 5,791,687
Batu 6, Off Jalan Meru, Mukim of Kapar, District manufacturing 66,980
41050 Klang of Klang and State of Selangor. square feet
4, Jalan Seri Kenangan 8, HS (M) 10354, PT 15485, 29/7/95 (A) 10 Freehold Terrace house/ 1,640 square 86,485
Taman Meru 3, Meru, Mukim of Kapar, Accommodation feet/1,400
41050 Klang District of Selangor for staff square feet
6, Jalan Seri Kenangan 8, HS (M) 10355, PT 15486 29/7/95 (A) 10 Freehold Terrace house/ 1,640 square 86,485
Taman Meru 3, Mukim of Kapar Accommodation feet/1,400
Meru 41050 Klang District of Selangor for staff square feet
23, Jalan Seri Kenangan 8, HS (M) 10314, PT 15442, 23/5/96 (A) 9 Freehold Terrace house/ 1,608 square 108,612
Taman Meru 3, Meru, Mukim of Kapar Accommodation feet/1,350
41050 Klang District of Selangor for staff square feet
22, Jalan Mempari 1, HS (M) 15304, PT 8419, 15/9/97 (A) 8 Freehold Terrace house/ 1,300 square 116,036
Taman Bayu, Batu 51/2, Mukim of Kapar Accommodation feet/1,100
Jalan Meru Klang District of Selangor for staff square feet
Lot 5987, Jalan Teratai EMR 8780, Lot No 5987 18/4/96 (A) 5 Freehold Factory / Glove 2.8 acres/ 3,583,748
Batu 5, Off Jalan Meru, Mukim of Kapar manufacturing 57,250
41050 Klang District of Klang square feet
Lot 4969, Jalan Teratai, G.M. 2143, Lot No 4969 11/10/00 (A) 3 Freehold Factory & Office 3 acres 8,045,012
Batu 6, Off Jalan Meru, Mukim of Kapar, Building
41050 Klang District of Klang
Lot 18, 27, 38 & 57, Lot 18, 27, 38 & 57, 22/11/99 (A) 17 Leasehold Factory / Glove 31,192 11,484,649
(expiring on:
Medan Tasek, Medan Tasek, Kawasan manufacturing square feet/
Lot 18-30.9.2072
Kawasan Perindustrian Perindustrian Tasek, Lot 2728.12.2063 197,675
Tasek, Ipoh, Perak Ipoh, Perak Lot 38-23.12.2069 square feet
Lot 57-1.10.2064)
Lot 4960, Jalan Teratai, GM 2326, Lot No. 4960, 24/09/03 (A) 2 months Freehold Vacant 3 acres 7,400,239
Batu 6, Off Jalan Meru, Mukim of Kapar, District of
41050 Klang Klang, State of Selangor
Lot 4970, Jalan Teratai, HS(M) 19530-19545, PT Nos. 20/11/03 (A) 2 Freehold Factory/Glove 3 acres/ 7,139,853
Batu 6, Off Jalan Meru, 26095-26110, Mukim of Kapar, manufacturing
41050 Klang District of Klang, State of S’gor
Lot 4967, Jalan Teratai, GM 5584, Lot No. 4967, 19/03/04 (A) 1 Freehold Factory/Glove 67,924 square 7,368,516
Batu 6, Off Jalan Meru, Mukim of Kapar, District of manufacturing feet
Lot 5104, Jalan Teratai, GM 5064, Lot No. 5104, 29/03/04 (A) N/A Freehold Vacant 3 acres 1,446,825
Batu 5, Off Jalan Meru, Mukim of Kapar, District of
Lot 4975, Jalan Teratai, GM 626, Lot No. 4975, 05/05/04 (A) N/A Freehold Vacant 3 acres 1,079,537
Batu 6 1/2, Off Jalan Meru, Mukim of Kapar, District of
21, Jalan Mempari 11, HS(M) 15324, PT 8441, HS(M) 12/05/05 (A) 3 months Freehold Terrace house/ 3 acres 130,344
Taman Bayu, Batu 51/2, 15242, PT 8353, Mukim of Kapar, Accommodation
Jalan Meru, Klang District of Klang. for staff
37, Jalan Mempari 1, HS (M) 18522, PT 24689, 12/05/05 (A) 3 months Freehold Terrace house/ 1,300 148,598
Taman Bayu, Batu 51/2, Mukim of Kapar, Accommodation square feet/
Jalan Meru, Klang District of Klang for staff 1,100 square feet
6, Jalan Sg. Binjai, Klang HS (M) 26112 PT 39636, Mukim 21/03/05 (A) 5 months Freehold Terrace house/ 1,300 154,458
Kapar, District of Klang Accommodation square feet/
for staff 1,100 square feet

List Of Properties
(cont’d)
The landed properties owned by the Top Glove as at 31 August 2005 are set out below:
DATE OF LAND AREA/ AUDITED

ACQUISITION(A)/ AGE OF DESCRIPTION/ BUILD-UP NET BOOK
PARTICULARS OF PROPERTY REVALUATION(R) BUILDING TENURE EXISITING USE AREA VALUE AS AT
(YEARS) 31.8.2004
(RM)
21, Jalan Sesenduk 20, HS (M) 22145, No. PT 29907, 13/05/05 (A) 3 months Freehold Terrace house/ 1,300 159,087
Off Taman Meru Jaya, Mukim Kapar, District of Klang Accommodation square feet/
41050 Klang for staff 1,100 square feet
23, Jalan Sesenduk 20, HS (M) 22146, No. PT 29908, 13/05/05 (A) 3 months Freehold Terrace house/ 1,300 159,087
Off Taman Meru Jaya, Mukim Kapar, District of Klang Accommodation square feet/
27, Lorong Tempinis 1, HS (M) 3773, PT 1286, 25/05/05 (A) 3 months Freehold Terrace house/ 1,300 129,332
Pekan Meru, Mukim of Kapar, Accommodation square feet/
42200 Klang District of Klang for staff 1,100 square feet
57, Jalan Sesenduk 5, GM 7330, Lot No 43375, 19/07/05 (A) 1 month Freehold Terrace house/ 1,300 158,656
Taman Meru Utama, Mukim Kapar, District of Klang Accommodation square feet/
Taman Meru Utama Mukim Kapar, District of Klang Accommodation square feet/
Lot 4947, Jalan Teratai, GM 5101, Lot No 4947, Mukim 23/11/04 (A) N/A Freehold Vacant Terrace house/ 2,085,950
Batu 51/2, Off Jalan Meru, of Kapar, District of Klang, Accommodation
41050 Klang State of Selangor Darul Ehsan. for staff
Lot 4991, Jalan Teratai, GM 1617, Lot 4991, 19/10/04 (A) N/A Freehold Vacant 3 acres 2,370,028
Batu 51/2, Off Jalan Meru, Mukim of Kapar,
41050 Klang District of Klang
Lot 4908, Jalan Teratai, EMR No. 6605, Lot No 4908, 08/07/97 (A) 1 Freehold Hostel/ 3 acres 2,276,029
Batu 51/2, Off Jalan Meru, Mukim of Kapar, Accommodation
41050 Klang District of Klang for workers
TG Medical Sdn Bhd
Lot 5091, Jalan Teratai, EMR 6510, Lo No 5091, 8/5/98 (A) 7 Freehold Factory / Glove 3 acres/ 5,969,067
Batu 5, Off Jalan Meru, Mukim of Kapar, District manufacturing 68,490
41050 Klang of Klang, State of Selangor square feet
19, Jalan Mempari 11, HS (M) 15241, PT No 8352, HS 25/10/95 (A) 7 Freehold Terrace house/ 1,300 square 106,911
Batu 51/2, Jalan Meru, Klang (M) 15325, PT No 8442, Mukim of Accommodation feet/ 1,100
Kapar, District of Selangor for staff square feet
Lot 5972 & 5974, Jalan EMR 8769, Lot 5972 & 5974, 1/7/99 (A) 4 Freehold Factory / Glove Approx 1.7935 3,996,164
Teratai, Batu 5, Mukim of Kapar, District of Klang, manufacturing acres/ 47,200
Jalan Meru, 41050 Klang State of Selangor square feet
TopGlove Engineering
Sdn Bhd
Lot 5987, Jalan Teratai, EMR 8780, Lot No 5987, 18/4/96 (A) 5 Freehold Factory / Glove 2.8 acres/ 2,106,872
Batu 5, Off Jalan Meru, Mukim of Kapar, Manufacturing 57,250
41050 Klang, Selangor District of Klang, square feet
Darul Ehsan State of Selangor
Top Glove Medical
(Thailand) Co Ltd
188, Moo 5, Nor Sor 3 Kor 5/10/01 (A) 3 Freehold Factory & Office Approx 7,014,655
Karnchanawanich Road No. 2655, Tambon Sumnukgarm Building 16.06 acres (Thai Baht
Tambon Sumnukgarm Ampur Sadao 76,819,591)
Sadao, Songkhla 90320 Songkhla, Thailand
Thailand
Top Glove
(ZhangJiaGang) Co Ltd No. 21-7-14, Zhangjiagang City, 10/09/02 (A) 3 Leasehold Factory & Office Approx 7,103,860
3, Xitang Road, Xizhang Xizhang Town, West Road, (Expiring on Building 607,143 (RMB15,682,845)
Town, ZhangJiaGang, Southern Side. 01.06.2052) square feet
215614 Jiang Su, China
TG Medical (U.S.A) INC., Ssessor’s ID 31/03/05 (A) 5 months Freehold Warehouse & Office Approx 47,896 9,824,142
165-167 North Aspan # 8615 018 010 05 000 Building sq ft/ 25,878 sq ft (USD2,604,491)
Avenue, Azusa , CA 91702

Analysis Of Shareholdings
As At 30 September 2005
Authorised Share Capital : RM200,000,000

Issued and Fully Paid-Up Capital : RM94,319,300*
Class of Shares : Ordinary Shares of RM0.50 each
Voting Rights : One vote per ordinary share
DISTRIBUTION OF SHAREHOLDERS
Size of Holdings No. of Holders % No. of Shares %

1 - 99 187 13.00 8,768 –
100 - 1,000 310 21.54 234,412 0.12
1,001 - 10,000 688 47.81 2,750,900 1.46
10,001 - 100,000 170 11.81 4,778,176 2.53
100,001 - 9,431,929 (less than 5% of Issued Shares) 79 5.49 85,936,346 45.56
9,431,930 (5% Issued Shares) and above 5 0.35 94,929,998 50.32
1,439 100 188,638,600 100
* The Information on Distribution of Shareholders, List of Substantial Shareholders, Directors' Shareholdings and List of Thirty Largest
Securities Accounts Holders is tabulated based on Top Glove Corporation Berhad's ("Top Glove" or "Company") Record of Depositors
as at 30 September 2005 with a paid-up share capital of 188,638,600 ordinary shares of RM0.50 each.
Top Glove had on 27 September 2005 allotted 227,500 ordinary shares of RM0.50 each pursuant to the execise of Options by the
Company's eligible employees and these ordinary shares were granted listing and quotation by Bursa Malaysia Securities Berhad on
11 October 2005.
LIST OF SUBSTANTIAL SHAREHOLDERS
The Substantial Shareholders of Top Glove based on the Register of Substantial Shareholders of the Company and their respective
shareholdings are as follows:-
No. of Ordinary Shares Held

No. Direct % Indirect %
1. Dato ' Dr. Lim, Wee-Chai 58,788,358 31.16 29,166,702* 15.46
2. Datin Tong Siew Bee 3,284,196 1.74 84,670,864** 44.88
3. Lim Hooi Sin 4,979,130 2.64 82,975,930*** 43.99
4. Lim Quee Choo 2,188,478 1.16 85,766,582**** 45.47
5. Top Glove Holding Sdn. Bhd. 18,714,898 9.92 – –
6. United Gloves Sdn. Bhd. 9,707,970 5.15 – –
7. Mayban Trustees Berhad for Public Ittikal Fund 10,262,400 5.44 – –
8. The Overlook Partners Fund LP 11,284,400 5.98 – –
Note :
* Deemed interested through Datin Tong Siew Bee, Mr. Lim Hooi Sin, Ms. Lim Quee Choo and Top Glove Holding Sdn Bhd's direct interest in Top
Glove Corporation Berhad
** Deemed interested through Dato' Dr. Lim, Wee-Chai, Mr. Lim Hooi Sin, Ms. Lim Quee Choo and Top Glove Holding Sdn Bhd's direct interest in
Top Glove Corporation Berhad
*** Deemed interested through Dato' Dr. Lim, Wee-Chai, Datin Tong Siew Bee, Ms. Lim Quee Choo and Top Glove Holding Sdn Bhd's direct
interest in Top Glove Corporation Berhad
**** Deemed interested through Dato' Dr. Lim, Wee-Chai, Datin Tong Siew Bee, Mr. Lim Hooi Sin and Top Glove Holding Sdn Bhd's direct interest
in Top Glove Corporation Berhad

As At 30 September 2005 (cont’d)
DIRECTORS' SHAREHOLDINGS
The Directors' Shareholdings of Top Glove based on the Register of Directors' Shareholdings are as follows:-
No. of Ordinary Shares Held

No. Direct % Indirect %
1. Dato' Dr. Lim, Wee-Chai 58,788,358 31.16 29,166,702* 15.46
2. Datin Tong Siew Bee 3,284,196 1.74 84,670,864** 44.88
3. Lim Hooi Sin 4,979,130 2.64 82,975,930*** 43.99
4. Sekarajasekaran A/L Arasaratnam 7,567,978 4.01 – –
5. Lau Boon Ann 196,400 0.10 – –
6. Haji Shahadan Bin Haji Abd Manas 276,400 0.15 – –
7. Tan Sri Datuk (Dr) Arshad Bin Ayub 2,357,000 1.25 – –
8. Lee Kim Meow (Also Alternate Director to Lim Hooi Sin) 617,012 0.33 – –
9. Quah Chin Chye – – – –
Note :
* Deemed interested through Datin Tong Siew Bee, Mr. Lim Hooi Sin, Ms. Lim Quee Choo and Top Glove Holding Sdn Bhd's direct
interest in Top Glove Corporation Berhad
** Deemed interested through Dato' Dr. Lim, Wee-Chai, Mr. Lim Hooi Sin, Ms. Lim Quee Choo and Top Glove Holding Sdn Bhd's
direct interest in Top Glove Corporation Berhad
*** Deemed interested through Dato' Dr. Lim, Wee-Chai, Datin Tong Siew Bee, Ms. Lim Quee Choo and Top Glove Holding Sdn Bhd's
direct interest in Top Glove Corporation Berhad
LIST OF THIRTY LARGEST SECURITIES ACCOUNTS HOLDERS
No. Names Shareholdings %
1. Dato' Dr. Lim, Wee-Chai 43,566,034 23.09
2. Top Glove Holding Sdn. Bhd. 15,546,840 8.24
3. Dato' Dr. Lim, Wee-Chai 14,270,324 7.56
4. HSBC Nominees (Asing) Sdn. Bhd. 11,284,400 5.98

- HSBC-FS for The Overlook Partners Fund LP
5. Mayban Nominees (Tempatan) Sdn. Bhd. 10,262,400 5.44

- Mayban Trustees Berhad for Public Ittikal Fund
6. United Gloves Sdn. Bhd. 7,707,970 4.09
7. Amanah Raya Nominees (Tempatan) Sdn. Bhd. 4,663,200 2.47

- Public Islamic Equity Fund
8. EB Nominees (Tempatan) Sendirian Berhad 4,400,000 2.33

- Pledged Securities Account for Sekarajasekaran A/L Arasaratnam
9. Employees Provident Fund Board 4,278,600 2.27

As At 30 September 2005 (cont’d)
LIST OF THIRTY LARGEST SECURITIES ACCOUNTS HOLDERS (CONT’D)
No. Names Shareholdings %

- MSCOIL for ARN Asian Enterprise Fund Limited
11. Lim Hooi Sin 3,141,726 1.67

- Public Smallcap Fund
13. Sekarajasekaran A/L Arasaratnam 2,767,978 1.47

- Public Equity Fund
15. Mayban Nominees (Tempatan) Sdn. Bhd. 2,698,200 1.43

- Mayban Trustees Berhad for Public Regular Savings Fund
16. Datin Tong Siew Bee 2,088,218 1.11
17. Top Glove Holding Sdn. Bhd. 2,076,058 1.10
18. Citigroup Nominees (Asing) Sdn. Bhd. 2,009,000 1.06

- Citibank Singapore Global Window for Savers Malaysia Fund
19. HSBC Nominees (Tempatan) Sdn. Bhd. 2,000,000 1.06

- Pledged Securities Account for United Gloves Sdn. Bhd.
20. Malaysian Assurance Alliance Berhad 1,900,000 1.01

- Equity Investments Department
21. Lim Hooi Sin 1,837,404 0.97

- TNTC for APS Growth Fund

- Public Savings Fund
24. Lim Quee Choo 1,389,770 0.74
25. Tan Sri Datuk (Dr) Arshad Bin Ayub 1,375,000 0.73
26. Citigroup Nominees (Asing) Sdn. Bhd. 1,321,700 0.70

- CB LDN for Stichting Shell Pensioenfonds

- Public Islamic Opportunities Fund
28. Cartaban Nominees (Asing) Sdn. Bhd. 1,200,000 0.64

- Raffles Nominees for NTUC Income Insurance Co-operative Ltd
29. Manulife Insurance (Malaysia) Berhad 1,200,000 0.64
30. Datin Tong Siew Bee 1,195,978 0.63

Notice Of Annual General Meeting
NOTICE IS HEREBY GIVEN THAT the Seventh Annual General Meeting of the Company will be held at Le
Meridien Hotel, 2 Jalan Stesen Sentral, Kuala Lumpur Sentral, 50490 Kuala Lumpur on Wednesday, 11 January
2006 at 10.30 am for the following purposes:-
AGENDA
1. To receive the Audited Financial Statements for the financial year ended 31 August 2005 together with the
Reports of the Directors and the Auditors thereon. (Resolution 1)
2. To approve the declaration of the Final Dividend of 6% Tax Exempt and 4% less 28% Malaysian Income Tax
for the financial year ended 31 August 2005. (Resolution 2)
3. To approve the payment of Directors’ Fees for the financial year ended 31 August 2005. (Resolution 3)
4. To re-elect the following Directors who retire pursuant to Article 94 of the Company’s Articles of Association
and being eligible, have offered themselves for re-election:-
(a) Dato’ Dr. Lim, Wee-Chai (Resolution 4)
(b) Mr. Lim Hooi Sin (Resolution 5)
5. To pass the following resolution pursuant to Section 129(6) of the Companies Act, 1965 :-
"That pursuant to Section 129(6) of the Companies Act, 1965, the following Directors who have attained the
age of seventy (70) years, be and are hereby re-appointed as Directors of the Company and to hold office until
the conclusion of the next Annual General Meeting:-
(a) Tan Sri Datuk (Dr) Arshad Bin Ayub (Resolution 6)
(b) Mr. Sekarajasekaran A/L Arasaratnam (Resolution 7)
(c) Tuan Haji Shahadan Bin Haji Abd Manas (Resolution 8)
6. To re-appoint Messrs. Ernst & Young as Auditors of the Company until the conclusion of the next Annual
General Meeting and to authorise the Directors to fix their remuneration. (Resolution 9)
7. As Special Business
To consider and, if thought fit, with or without any modification, to pass the following resolution as an Ordinary
Resolution:-
Ordinary Resolution
- Authority To Issue Shares Pursuant To Section 132D Of The Companies Act, 1965
"THAT subject to Section 132D of the Companies Act, 1965 and approvals of the relevant governmental/
regulatory authorities, the Directors be and are hereby empowered to issue and allot shares in the Company,
at any time and upon such terms and conditions and for such purposes as the Directors may, in their absolute
discretion, deem fit, provided that the aggregate number of shares issued pursuant to this Resolution does
not exceed ten per centum (10%) of the issued and paid-up share capital of the Company for the time being;
AND THAT the Directors be and are also empowered to obtain the approval for the listing of and quotation for
the additional shares so issued on Bursa Malaysia Securities Berhad; AND THAT such authority shall commence
immediately upon the passing of this Resolution and continue to be in force until the conclusion of the next
Annual General Meeting of the Company." (Resolution 10)
8. To transact any other ordinary business for which due notice shall have been given.
NOTICE OF DIVIDEND ENTITLEMENT
NOTICE IS ALSO HEREBY GIVEN THAT the Final Dividend of 6% Tax Exempt and 4% less 28% Malaysian Income Tax in respect of
the financial year ended 31 August 2005 will be payable on 14 March 2006 to depositors who are registered in the Record of Depositors
at the close of business on 17 February 2006, if approved by Members at the forthcoming Seventh Annual General Meeting on
Wednesday, 11 January 2006.

Notice Of Annual General Meeting
(cont’d)
A Depositor shall qualify for entitlement only in respect of:-

(a) Shares transferred into the Depositor’s Securities Account before 4 p.m. on 17 February 2006 in respect of ordinary transfers;
and
(b) Shares bought on Bursa Malaysia Securities Berhad ("Bursa Securities") on a cum entitlement basis according to the Rules of
Bursa Securities.
By Order of the Board
CHUA SIEW CHUAN

(MAICSA 0777689)
Company Secretary
Kuala Lumpur
Dated : 8 November 2005
Explanatory Notes to Special Business:

1. Authority pursuant to Section 132D of the Companies Act, 1965.
The proposed adoption of the Ordinary Resolution is primarily to give flexibility to the Board of Directors to issue and allot shares
at any time in their absolute discretion without convening a general meeting.
Notes:-
1. A member of the Company entitled to attend and vote at the Meeting is entitled to appoint one or more proxies to attend and vote in his stead.
A proxy may but need not be a member of the Company and a member may appoint any person to be his proxy without limitation and the
provisions of Section 149(1) (a), (b), (c) and (d) of the Companies Act, 1965 shall not apply to the Company.
2. Where a holder appoints two or more proxies, the appointment shall be invalid unless he specifies the proportion of his shareholdings to be
represented by each proxy.
3. The instrument appointing a proxy shall be in writing under the hand of the appointor or of his attorney duly authorised in writing or, if the
appointor is a corporation, either under its seal or under the hand of an officer or attorney duly authorised.
4. The instrument appointing a proxy must be deposited at the Registered Office of the Company at Level 7, Menara Milenium, Jalan Damanlela,
Pusat Bandar Damansara, Damansara Heights, 50490 Kuala Lumpur not less than 48 hours before the time for holding the Meeting or at any
adjournment thereof.
STATEMENT ACCOMPANYING THE NOTICE OF ANNUAL GENERAL MEETING

The Directors who are standing for re-election at the Seventh Annual General Meeting of the Company to be held at Le Meridien Hotel,
2 Jalan Stesen Sentral, Kuala Lumpur Sentral, 50490 Kuala Lumpur on Wednesday, 11 January 2006 at 10.30 am are as follows:
Name of Directors Details of Attendance at Details of Individual Director and

Board Meeting other Disclosure Requirements
Dato’ Dr. Lim, Wee-Chai Refer to page 29 of the Annual Report. Refer to page 10 of the Annual Report.
(Article 94 of the Company’s
Articles of Association)
Mr. Lim Hooi Sin Refer to page 29 of the Annual Report. Refer to page 12 of the Annual Report.
(Article 94 of the Company’s
Articles of Association)
Tan Sri Datuk (Dr) Arshad Bin Ayub Refer to page 29 of the Annual Report. Refer to page 11 of the Annual Report.
(Section 129 (6) of the
Companies Act, 1965)
Mr. Sekarajasekaran a/l Arasaratnam Refer to page 29 of the Annual Report. Refer to page 13 of the Annual Report.
(Section 129 (6) of the Companies
Act, 1965)
Tuan Haji Shahadan Bin Refer to page 29 of the Annual Report. Refer to page 12 of the Annual Report.
Haji Abd Manas
(Section 129 (6) of the Companies
Act, 1965)

FORM OF PROXY
*I/We (full name in capital letters) ____________________________________________ (NRIC/Company No. ___________________________________________)
of (full address) ____________________________________________________________________________________________________________________ being a
*Member/Members of TOP GLOVE CORPORATION BERHAD ("the Company"), do hereby appoint (full name in capital letters)
(NRIC No. ____________________________________________________________________________________________________________________) of (full address)
________________________________________________________________________________________________________________________________________________________
or failing *him/her, (full name in capital letters) _________________________________________ (NRIC No.__________________ ) of (full address)
______________________________________________________________________________________________________________________________________________________________________________________________________________________
or failing *him/her, *the CHAIRMAN OF THE MEETING, as *my/our proxy to attend and vote for *me/us, and on *my/our behalf at the
Seventh Annual General Meeting of the Company to be held at Le Meridien Hotel, 2 Jalan Stesen Sentral, Kuala Lumpur Sentral,
50490 Kuala Lumpur on Wednesday, 11 January 2006 at 10.30 am and at any adjournment thereof.
Please indicate with an "X" in the spaces provided below how you wish your votes to be casted. If no specific direction as to voting is
given, the Proxy will vote or abstain from voting at his/her discretion.
Resolution Resolutions For Against

Nos.
1 To receive the Audited Financial Statements for the financial year ended 31 August 2005
together with the Reports of the Directors and the Auditors thereon.
2 To approve the declaration of the final dividend of 6% Tax Exempt and 4% less 28% Malaysian
Income Tax for the financial year ended 31 August 2005.
3 To approve the payment of Directors’ Fees for the financial year ended 31 August 2005.
4 To re-elect the Director, Dato’ Dr. Lim, Wee-Chai who retires pursuant to Article 94 of the
Company’s Articles of Association.
5 To re-elect the Director, Mr. Lim Hooi Sin who retires pursuant to Article 94 of the Company’s
Articles of Association.
6 To re-elect the Director, Tan Sri Datuk (Dr) Arshad Bin Ayub who retires pursuant to Section
129 (6) of the Companies Act, 1965.
7 To re-elect the Director, Mr. Sekarajasekaran a/l Arasaratnam who retires pursuant to Section
129 (6) of the Companies Act, 1965.
8 To re-elect the Director, Tuan Haji Shahadan Bin Haji Abd Manas who retires pursuant to
Section 129 (6) of the Companies Act, 1965.
9 To re-appoint Messrs. Ernst & Young as Auditors of the Company until the conclusion of the
next Annual General Meeting and to authorise the Directors to fix their remuneration.
10 As Special Business
Ordinary Resolution
Authority to issue shares pursuant to Section 132D of the Companies Act, 1965.
* Strike out whichever not applicable.
Signed on this day of 2005/2006 Number of Shares held CDS Account No.
Signature of Member/Common Seal
Notes:
1. A member of the Company entitled to attend and vote at the Meeting is entitled to appoint one or more proxies to attend and vote in his stead. A
proxy may but need not be a member of the Company and a member may appoint any person to be his proxy without limitation and the
provisions of Section 149(1) (a), (b), (c) and (d) of the Companies Act, 1965 shall not apply to the Company.
2. Where a holder appoints two or more proxies, the appointment shall be invalid unless he specifies the proportion of his shareholdings to be
represented by each proxy.
✃ 3. The instrument appointing a proxy shall be in writing under the hand of the appointor or of his attorney duly authorised in writing or, if the
appointor is a corporation, either under its seal or under the hand of an officer or attorney duly authorised.
4. The instrument appointing a proxy must be deposited at the Registered Office of the Company at Level 7, Menara Milenium, Jalan Damanlela,
Pusat Bandar Damansara, Damansara Heights, 50490 Kuala Lumpur not less than 48 hours before the time for holding the Meeting or at any
adjournment thereof. Top Glove Corporation Berhad / Annual Report 2005 95
FOLD HERE
Stamp
The Company Secretary
The Glove Corporation Berhad (474423-x)

Level 7, Menara Milenium,
Jalan Damanlela, Pusat Bandar Damansara,
Damansara Heights,
50490 Kuala Lumpur, Malaysia.
FOLD HERE
TOP GLOVE CORPORATION DIRECTORY
CORPORATE OFFICE & FACTORY 9
Address : LOT 4969, JALAN TERATAI, Tel : 603-3392 1992 / 1905
BATU 6, OFF JALAN MERU, Fax : 603-3392 1291 / 8410
41050 KLANG, E-mails : (i) top@topglove.com.my
SELANGOR D.E. MALAYSIA (ii) tgmed@po.jaring.my
Websites : www.topglove.com.my (iii) topg@po.jaring.my
http://topglove.asiaep.com
F9
FACTORY 2 FACTORY 7
LOT 4968, JALAN TERATAI, BATU 6, 188, MOO 5,
OFF JALAN MERU, 41050 KLANG, KARNCHANAWANICH RD.
SELANGOR D.E. MALAYSIA TAMBON, SUMNUKGRAM, SADAO,
Tel : 603-3392 1992 / 1905 SONGKHLA, 90320 THAILAND
Fax : 603-3392 1291 / 8410 Tel : 6674-410000
Fax : 6674-410008
F2 FACTORY 3 FACTORY 8 F7
LOT 5091, JALAN TERATAI, BATU 5, 3, XITANG ROAD,
OFF JALAN MERU, 41050 KLANG, XIZHANG TOWN
SELANGOR D.E. MALAYSIA ZHANGJIAGANG CITY,
Tel : 603-3392 7880 / 7350 JIANGSU PROVINCE 215614, CHINA
Fax : 603-3392 7229 / 9160 Tel : 86-512-5842 2860
Fax : 86-512-5842 2870
F3 FACTORY 4 FACTORY 10 F8
LOT 5987, JALAN TERATAI, BATU 5, LOT 4970, JALAN TERATAI,
OFF JALAN MERU, 41050 KLANG, BATU 6, OFF JALAN MERU,
SELANGOR D.E. MALAYSIA 41050 KLANG,
Tel : 603-3392 8588 / 8996 SELANGOR D.E. MALAYSIA
Fax : 603-3392 6788 Tel : 603-3392 1992 / 1905
Fax : 603-3392 1291 / 8410
F4 FACTORY 5 FACTORY 11
F10
LOT 18, 27, 38 & 57 LOT 4967, JALAN TERATAI,
MEDAN TASEK, KAWASAN BATU 6, OFF JALAN MERU,
PERINDUSTRIAN TASEK, 41050 KLANG,
31400 IPOH, PERAK D.R. MALAYSIA SELANGOR D.E. MALAYSIA
Tel : 605-546 6360 / 547 9271 Tel : 603-3392 1899
Fax : 605-547 8975 Fax : 603-3363 5771
FACTORY 6 FACTORY 12
F5 180/3, M. 7, SRISONTHON RD. A, LOT 4960, JALAN TERATAI, F11
THALANG, PHUKET 83110, BATU 6, OFF JALAN MERU,
THAILAND 41050 KLANG,
Tel : 6676-272572 / 272573 SELANGOR D.E. MALAYSIA
Fax : 6676-325354 Tel : 603-3392 3375
Fax : 603-3392 5200
USA MARKETING OFFICE

F6 F12
TG MEDICAL (U.S.A.) INC., 9517E, RUSH STREET,
UNIT B, SOUTH EL MONTE, CA 91733.
Tel : 1-626 448 4445
Fax : 1-626 448 4447
E-mail : topglove@topgloveusa.com

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TOP GLOVE CORPORATION BERHAD

The World’s Largest Rubber Glove Manufacturer

Corporate Information 2 TOP GLOVE CORPORATION BERHAD

C 8-Year Group Financial Review 4

O Quality Awards & Certifications 5

Statement On Internal Control 37

2 Audit Committee Report 38

Financial Statements 2005

5 Notice Of Annual General Meeting 93

Registered Office Tan Sri Datuk (Dr) Arshad Bin Ayub

Financial Year Ended

31.8.1998 31.8.1999 31.8.2000 31.8.2001 31.8.2002 31.8.2003 31.8.2004 31.8.2005

641,827 65,745 58,141

ISO 9002 SMG

THE WORLD IS OUR MARKET

and consistency. The Company’s export markets cover all continents

around the globe.

Top Glove’s Share Price Movement

Dato’ Dr. Lim, Wee-Chai

Tan Sri Datuk (Dr) Arshad Ayub

Datin Tong Siew Bee

Lim Hooi Sin

Haji Shahadan Bin Haji Abd. Manas

Sekarajasekaran a/l Arasaratnam

Lau Boon Ann

Lee Kim Meow

Quah Chin Chye

Dato’ Dr. Lim, Wee-Chai

The success of the Company continues to be driven by its business philosophies:-

Year to Year Comparison (12 months)

Sales Revenue Net Profit

RM642 million RM58 million

Earnings per Share Return on Equity

Accolades and Accreditations

On 1 August 2005, Commerce International Merchant Bankers Berhad announced on behalf of

1) Refinancing the borrowings of the Group

CARING CORPORATE CITIZEN

As a socially responsible corporate citizen, the Group’s charitable program reaches

Dato’ Dr Lim, Wee-Chai,

Murabahah/Ijarah Commercial Papers (Islamic CP) pada nilai nominal

Cara Islam CP ini dihasilkan melalui “competitive tender” atau “direct

Kami akan terus mengenalpasti rakan kongsi perniagaan dari syarikat

Top Glove Corporate Song Pleng Bor Ri Sat Top Glove

Lagu Syarikat Top Glove

THE BOARD OF DIRECTORS

Name of Director No. of Meetings

Dato’ Dr. Lim, Wee-Chai 4/4

Top Glove Corporation Berhad / Annual Report 2005 29

30 Top Glove Corporation Berhad / Annual Report 2005

(a) Tan Sri Datuk (Dr) Arshad Bin Ayub

(b) Lau Boon Ann

(c) Sekarajasekaran a/l Arasaratnam

(d) Quah Chin Chye

The duties and responsibilities of the Nomination Committee are as follows:

(a) Dato’ Dr. Lim, Wee-Chai

(b) Sekarajasekaran a/l Arasaratnam

(c) Lau Boon Ann

Top Glove Corporation Berhad / Annual Report 2005 31