HLT Global Berhad

FOR IMMEDIATE RELEASE

HLT GLOBAL RAISES BENCHMARK IN GLOVE MANUFACTURING

WITH GAME-CHANGING TECHNOLOGY TO BOOST OUTPUT

Kuala Lumpur, 17 February 2020 – HLT Global Berhad (HLT Global, Bloomberg:
HLT:MK, Reuters: HLTG.KL) (合力科技有限公司) has teamed up with AF Solution Sdn
Bhd (“AF Solution”) and the Inventor of the high density triple former holder assembly,
Mr Saravana Kumar Narayana (“Inventor”) to offer the latest game changing glove
dipping line technology to the industry.

To formalise the collaboration, HLT Global’s wholly owned subsidiary HL Advance

Technologies (M) Sdn Bhd (“HL Technologies”) has today signed a Patent License
Agreement with AF Solution and the Inventor. The Patent Licence Agreement grants
exclusive rights to HL Technologies to market and use the triple former holder
technology.

With this collaboration, HL Technologies will likely be the first glove-dipping line maker
to introduce the high density triple former holder assembly to the market, which is the
latest glove-dipping line manufacturing technology upon commercialisation.
Currently, the glove manufacturers are commonly either using single or double former
glove-dipping line technology for glove productions.
The Inventor has been in the glove industry for 30 years in the area of production and
engineering. The Inventor was also involved in the initial commercialisation of double
former technology in 2010 and has subsequently embarked on the high density triple
former holder technology in 2017.

AF Solution Sdn Bhd is principally involved in the provision of maintenance work for
machinery in the glove industry too.

HL Technologies will commission a prototype glove-dipping line using the high density
triple former holder assembly technology to test the triple former glove dipping line
commercial and technical viability. HL Technologies hopes to achieve
commercialisation of the latest cutting edge triple former glove dipping line within 6
to 12 months.

Glove manufacturers have the option to build a brand new line or upgrade their
existing glove-dipping lines from double to triple former assembly. An upgrade from
double to triple former glove-dipping line would save the glove manufacturers from
incurring substantial capital expenditure costs such as purchase of land & construction
of buildings.

With the usage of high density triple former holder assembly, we anticipate production
output to be increased by between 30% to 50% compared with the double former
line. Operational costs such as energy costs could potentially be reduced by between
20% to 30%.

Importantly, the high density triple former holder assembly could potentially reduce
total capital expenditure for new investments by between 20% to 30%.
AF Solution has filed patents in Malaysia, Thailand, Indonesia, Vietnam, China and an
international patent application under the Patent Cooperation Treaty (PCT) for the
high density triple former holder assembly and is currently awaiting approval from
them. Such patent applications cover almost all glove manufacturers in the world.

Signing on behalf of HL Technologies are its Group Deputy Chairman Mr Wong Kok
Wah (王国骅) and Group Chief Executive Officer Miss Chan Yoke Chun (陈怡赪), while
AF Solution is represented by its Head of Engineering Mr Tan Chooi Hai.

Miss Chan Yoke Chun, Chief Executive Officer of HLT Global is excited with the
collaboration as any glove manufacturers in the world that are interested in the
technology upon commercialisation would have to work with HL Technologies given
the exclusivity granted.

About HLT Global Berhad

HLT Global is principally involved in the design, installation, testing and commissioning
of glove-dipping line. It also manufactures rubber gloves.

-End-

Issued on behalf of HLT Global Berhad

Media contact:
Michelle Kuan Public Relations Consultancy
Michelle Kuan
Mobile: +6012 335 8339
Email: michellekuan@gmail.com