GTI Graphjet Technology

Graphjet Technology (“Graphjet” or “the Company”) (Nasdaq:GTI), a leading manufacturing company focusing on carbon-based materials, producing artificial graphite from biomass waste residues from the process of palm oil, today announced the Company has received ISO (International Organization for Standardization) certifications for the manufacturing of graphite and graphene from biomass waste from ARES International, a verification services provider.

The scope of the ISO certifications covered the manufacturing of biomass waste (palm kernel shell and composite material) to produce artificial graphite and graphene:

• ISO 14001:2015
• ISO 9001:2015
• ISO 45001:2018

These ISO certifications showcase Graphjet Technology’s commitment to excellence in environmental, quality, and health & safety management, which is expected to drive operational, financial, and reputational gains. The certifications also demonstrate that the Company compliance is in line with global standards and are expected to enhance its reputation and improve its market access, customer satisfaction and loyalty, cost efficiency and sustainability, and operational efficiency.

“On the heels of opening the world’s first and largest green graphite facility, receiving these ISO certifications is a testament to the strength of our patented technology,” said Aiden Lee, CEO and Co-Founder of Graphjet. “These certifications provide third-party validation of our technology and demonstrate to our customers and other stakeholders the opportunities ahead for our green graphite production process. As we continue to scale, we aim to meet the growing demand for this strategic material in semiconductors and electric vehicle batteries.”

Awarded Key Graphene Patent

In addition, Graphjet has been granted an important patent in Malaysia, further solidifying its industry-leading position in the production of green graphite and graphene. The patent, which builds on Graphjet’s existing IP protection for palm-based synthetic graphite production, covers the company’s unique and innovative process for producing palm-based graphene. It is the only patent of its kind in Malaysia. The Company is also pursuing patents in the United States to expand its leading global IP position.

“We are pleased to have been granted a significant patent for our graphene production process. This achievement further fortifies our leading IP position in the global graphite and graphene industries,” continued Aiden Lee.

Graphjet’s patented, sustainable and cost-effective technology produces green graphite directly from palm kernel shells. This technology reduces the Company’s operational carbon footprint by up to 83% and reduces costs by up to 80% compared to traditional processes. Per kg of graphite produced, Graphjet produces only 2.95 kg CO2 emissions, compared to 16.8 kg CO2 emissions and 17 kg CO2 emissions from natural and synthetic graphite production, respectively, in China. Graphjet’s technology is expected to have the lowest carbon footprint of any graphite production process in the world.

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’s 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’s 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 https://www.graphjettech.com/.

Cautionary Statement Regarding Forward-Looking StatementsThe information in this press release contains certain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “aim,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result” 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’s 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’s 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 “Risk Factors” 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.

Graphjet Technology Contacts

Investors GraphjetIR@icrinc.com

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