KUALA LUMPUR, MALAYSIA, April 2, 2024 (GLOBE NEWSWIRE) — Graphjet Technology (“Graphjet” or “ The company's investor presentation is now available on the company's website. Investors, analysts and interested stakeholders are invited to access the replay through the News and Events section of our website at https://www.graphjettech.com/.

About Graphjet Technology BHD.

Graphjet Technology Inc. Bhd. (NASDAQ: GTI) was established in Malaysia in 2019 as an innovative graphene and graphite producer. Graphjet Technology has the world's first patented technology to produce single-layer graphene and synthetic graphite by recycling palm kernel shells from palm seed oil production. Grafjet's sustainable production method using palm kernel shells, a common waste agricultural product in Malaysia, will revolutionize the global graphite and graphene supply chain. For more information, please visit https://www.graphjettech.com/.

Cautionary note regarding forward-looking statements

The 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 are typically identified by the words “believe” or “.” “project”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “goal”, “future”, “opportunity”, “plan”, “may” , “should,” “will,” “would,” “will,” “will continue,” “will likely result in” and similar expressions. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, forecasts or other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These forward-looking statements should not be relied upon as predictions of future events, as actual results may differ from expectations, estimates and projections. 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 Grafjet competes, including with respect to the competitive environment, technological advances, or regulatory changes; (ii) the risk that Grafjet may be required to raise additional capital to execute its business plans and may not be able to do so on acceptable terms or at all; (iii) the business combination agreement and the parties' ability to recognize the benefits of the business combination; (iv) lack of financial information that would be useful in accurately estimating future capital expenditures and future revenues; (v) statements regarding Graphjet's industry and market size; (vi) Graphjet's financial condition and results of operations; This includes expected earnings, implied enterprise value, expected financial impact of the business combination, financial condition, liquidity, results of operations, products, expected future performance and market opportunities. Graphjet. (vii) Graphjet's ability to develop and manufacture graphene and graphite products; (ix) the factors discussed in our SEC filings; You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the proxy statement and other documents that Grafjet files with the SEC from time to time. These filings identify and address other important risks and uncertainties that could cause actual events or results to differ materially from those contained in the forward-looking statements. . Forward-looking statements speak only as of the date on which they are made. Readers are cautioned not to place undue reliance on forward-looking statements and, although Grafjet may choose to update these forward-looking statements at some point in the future, We undertake no obligation to update or revise any statements regarding. As a result of new information, future events or otherwise, except as required by applicable law. Graphjet provides no guarantee that Graphjet will achieve your expectations.

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