GLG CORP LTD — Earnings Release 2024

May 29, 2024

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GLG Corp Ltd ACN 116 632 958 Suite 4201 Level 42 Australia Square 264 George Street Sydney NSW 2000 Australia www.ghimli.com

30 May 2024

PROFIT GUIDANCE ON THE UNAUDITED FINANCIAL RESULTS FOR THE FINANCIAL YEAR ENDED 2024

The Board of Directors (the “ Board ”) of GLG Corp Ltd (the “ Company ”), together with its subsidiaries, (the “ Group ”) wishes to issue a profit guidance on its full year results ended 30 June 2024 (“ FY2024 ”) further to the Company’s previous market guidance provided in February 2024 in its Appendix 4D.

Based on the preliminary assessment by management of the Group’s unaudited accounts indicates a net loss between US$2.8m to US$3.2m after tax for FY2024. The net loss is mainly attributable to the decrease in sales caused by the high inventory levels of the Company’s customers who were affected by unforeseen logistics delays, reduced margins due to high interest rates, price competition and write-off of stock and consumables assets. These factors have collectively led to exerted pressure on the profit margin for FY2024.

The Group is scheduled to release its full year FY2024 results around 28[th] August 2024.

ENDS

This announcement was authorised for release by the Board of Directors of GLG Corp Ltd.

Jade Cook Company Secretary GLG Corp Ltd Jade.cook@sourceservices.com.au Phone: +61 402 301 287

About GLG Corp Ltd

GLG Corp. Ltd is a global textile and apparel supply chain manager of casual lifestyle knitwear apparel, to major U.S. and European retailers. We supply approximately 56 million garments a year through our global marketing and manufacturing network. We offer a total solution package with an integrated onestop service approach, from in-house product design and development, commercialization of orders, material management, production planning and control, to comprehensive post-manufacturing logistics solutions.