During the launch of the New Industrial Master Plan 2030 (NIMP 2030) that was launched by the Prime Minister of Malaysia at Dewan Perdana MITI on 1 September 2023Witnessed by

YAB Dato' Seri Dr. Ahmad Zahid Bin Hamidi – Malaysia’s Deputy Prime Minister and Minister of Rural and Regional Development. YAB Dato' Seri Anwar bin Ibrahim – Prime Minister of Malaysia

• The Company is recognised as a champion for the New Industrial Master Plan 2030, emphasising its role in advanced material innovation in Malaysia.

• Under the NIMP 2030, Graphjet will rejuvenate the local ecosystems, foster innovation and cultivate talent while benefitting support from the government, including access to NIMP 2030 funds.

• Graphjet Technology has a groundbreaking technology that converts palm kernels into graphite and single-layer graphene

• The Group’s upcoming NASDAQ listing highlights its global ambition, forecasting a market capitalisation of USD1.5 billion.

• Graphjet Technology’s initiatives and innovations align seamlessly with NIMP 2030’s goals, aiming to elevate Malaysia’s high-value job sector and societal well-being.

KUALA LUMPUR, 5th SEPTEMBER 2023 – NASDAQ-bound Graphjet Technology Sdn Bhd (“Graphjet Technology” or “Group”) (NASDAQ:GTI), the world’s leading graphite and single-layer graphene producer, has been meticulously chosen as one of the distinguished champions of the New Industrial Master Plan 2030 (“NIMP 2030”).

In a remarkable endorsement under the NIMP 2030, which was launched by Malaysia’s Prime Minister Dato’ Seri Anwar Ibrahim, the Ministry of Investment, Trade and Industry (“MITI”) has officially recognised Graphjet Technology as the Champion for MBP1.4: Groom champions in 4 game changing advanced materials.

This recognition is further cemented with the issuance of a certificate of acknowledgement to Graphjet Technology, reinforcing its status as a mission-based project champion under the NIMP 2030 framework.

Certificate of acknowledgement as a Mission-base Project (MBP) Champion to Graphjet Technology Sdn Bhd to be the Champion for MBP 1.4: Groom champions in 4 game changing advanced materials

This initiative driven by NIMP 2030, aims to rejuvenate local ecosystems, foster innovation, and cultivate talent, with Graphjet Technology leading the charge. At the heart of the Madani Economy, this plan underscores the nation’s dedication to creating high-value job opportunities, fortifying the middle class, and architecting a more equitable and prosperous society.

As an MBP Champion, Graphjet Technology is poised for numerous benefits. Beyond the expansion of business opportunities, the Company will become an integral part of a landmark national project. With the government’s steadfast support, challenges will be addressed promptly, ensuring a smooth journey ahead. Additionally, Graphjet Technology will gain privileged access to NIMP 2030 funds and hold a vital position in the NIMP 2030 governance, contributing significantly to industry development.

During the launch of the NIMP 2030, Prime Minister Dato’ Seri Anwar Ibrahim, said in his speech, “The Government is fully committed to support the implementation of the NIMP 2030. It will require an estimated total investment of RM95 billion through its seven years, predominantly from the private sector mobilised from private equity, capital and financial markets. Close to 10% will be allocated by the Government to help catalyse and incentivise these investments via the NIMP Industrial Development Fund and the NIMP Strategic Co-investment Fund.”

Renowned for their groundbreaking conversion of palm kernels into graphite and single-layer graphene, Graphjet Technology’s innovations find a harmonious fit with the objectives of NIMP 2030. This strategic initiative represents Malaysia’s dedication to shaping a vibrant industrial future, focused on fostering high-value jobs, strengthening the middle class, and driving sustainable societal advancement.

Graphjet Technology Sdn Bhd’s Chief Executive Officer, Mr Aiden Lee Ping Wei, said: “Being selected as a champion for NIMP 2030 resonates deeply with our core values and aspirations. We are the first in the world to transform renewable raw materials, such as palm kernels, into graphite and single-layer graphene.

Graphene, awarded the Nobel Prize in Physics in 2010, is a standout material. We have created a unique patented method to turn palm kernel shell waste into single-layer graphene at a much lower cost. This breakthrough places us at the forefront of advanced material innovation in Malaysia.”

Coinciding with this significant national role, Graphjet Technology’s forthcoming NASDAQ listing underscores its global ambitions, bringing international attention to Malaysia’s advanced industrial blueprint. The Group is making significant strides towards its listing on NASDAQ, which is projected to lead to an impressive market capitalisation of USD1.5 billion, showcasing the firm’s robust growth trajectory and the global investor community’s faith in its potential.

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