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Graphjet provides Nasdaq hearing update

KUALA LUMPUR, Malaysia, July 17, 2025 (GLOBE NEWSWIRE) -- (鈥淕raphjet鈥� or 鈥渢he Company鈥�) (Nasdaq:GTI), a leading developer of patented technologies to produce graphite and graphene directly from agricultural waste, announced that Mr. Chris Lai, the CEO/CFO of Graphjet has attended the previously reported hearing with the Hearing Panel on July 17, 2025 and has together with the Company鈥檚 attorney presented the Company鈥檚 case to the Hearing Panel.

During the hearing, Mr. Chris Lai made a commitment to the Hearing Panel that the Company鈥檚 Forms 10Q for the three months ended December 31, 2024, March 31, 2025 and June 30, 2025 would be filed by the middle of September 2025. The Company will update investors by making an additional press release should there be any material changes to mid-September filing.

The Hearing Panel will review the Company鈥檚 presentation, and is expected to return a decision within two weeks.聽 There can be no assurance that the Hearing Panel will approve the Company for continued listing on Nasdaq.聽

The Company will make additional update press releases from time to time when there is a material development.

About Graphjet Technology Sdn. Bhd.
Graphjet Technology Sdn. Bhd. (Nasdaq: GTI) was founded in 2019 in Malaysia as an innovative graphene and graphite producer. Graphjet Technology has the world鈥檚 first patented technology to recycle palm kernel shells generated in the production of palm seed oil to produce single layer graphene and artificial graphite. Graphjet鈥檚 sustainable production methods utilizing palm kernel shells, a waste agricultural product that is common in Malaysia, will set a new shift in graphite and graphene supply chain of the world. For more information, please visit .

Cautionary Statement Regarding Forward-Looking Statements
The information in this press release contains certain 鈥渇orward-looking statements鈥� within the meaning of the 鈥渟afe harbor鈥� provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words 鈥渂elieve,鈥� 鈥減roject,鈥� 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥渆stimate,鈥� 鈥渋ntend,鈥� 鈥渟trategy,鈥� 鈥渁im,鈥� 鈥渇uture,鈥� 鈥渙pportunity,鈥� 鈥減lan,鈥� 鈥渕ay,鈥� 鈥渟hould,鈥� 鈥渨ill,鈥� 鈥渨ould,鈥� 鈥渨ill be,鈥� 鈥渨ill continue,鈥� 鈥渨ill likely result鈥� and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets in which Graphjet competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Graphjet will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) Graphjet is beginning the commercialization of its technology and it may not have an accurate estimate of future capital expenditures and future revenue; (iv) statements regarding Graphjet鈥檚 industry and market size; (v) financial condition and performance of Graphjet, including the anticipated benefits, the implied enterprise value, the financial condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Graphjet; (vi) Graphjet鈥檚 ability to develop and manufacture its graphene and graphite products; and (vii) those factors discussed in our filings with the SEC. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the 鈥淩isk Factors鈥� section of the documents to be filed by Graphjet from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward- looking statements, and while Graphjet may elect to update these forward-looking statements at some point in the future, they assume no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. Graphjet does not give any assurance that Graphjet will achieve its expectations.

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