The shareholders of Top Glove Corporation Berhad (KLSE:TOPGLOV) authorized a share repurchase program at the Annual General Meeting on January 8, 2013. Under the plan, the company will repurchase its own shares, such that its holding in treasury does not exceed 10% of its issued share capital. The maximum fund to be allocated by the company for the purpose of purchasing the shares shall not exceed the aggregate of its retained profits and share premium account.

The repurchases will be in accordance with provisions of the company's Memorandum and Articles of Association, the Listing Requirements of Bursa Malaysia Securities Berhad for MESDAQ Market (“Bursa Securities”) and any other applicable laws, rules, regulations and guidelines for the time being in force. The program shall be valid until the earliest of the conclusion of the next Annual General Meeting, or the expiration of the period within which the next Annual General Meeting of the company is required by its bye-laws to be held or the passing of an ordinary resolution by its shareholders in general meeting revoking or varying the authority given to the directors of the company by this resolution.