### MAS Holdings Relocates Thurulie Operations Following Cyclone Damage 📈

MAS Holdings has announced the permanent relocation of manufacturing operations from its iconic Thurulie facility in Thulhiriya. The decision follows severe damage to plant and machinery caused by Cyclone Ditwah in late 2025. Key Operational Details: • Strategic Shift: Operations and orders are being moved to nearby MAS facilities to ensure business continuity and mitigate high risks of future climate-related disruptions. • Facility History: Thurulie was the world’s first purpose-built green apparel factory (LEED Platinum), representing a landmark in Sri Lanka’s sustainable textile manufacturing. • Risk Assessment: Repeated flooding and the low-lying nature of the property rendered long-term manufacturing unsustainable due to safety and operational risks. Impact on Workforce: • Employee Retention: MAS is seeking to retain its experienced team of 2,100 employees. • Transfer Incentives: Over 500 staff have already moved; the remaining 1,600 are offered transfer options with a 3-month salary incentive for relocation. • Compensation: For those unable to relocate, MAS will provide a compensation package exceeding legal requirements, inclusive of all statutory dues. Business Outlook: Manufacturing across all other MAS facilities remains unaffected. The group remains focused on operational stability and delivering to global customers within the apparel & textiles sector, a critical pillar of Sri Lanka’s export economy. _Note: Based on official management announcement dated 16th March 2026._