Graphjet Technology Prepares to Finalize 2024 Financials Amid Leadership Changes
Kuala Lumpur, Malaysia — May 27, 2025 (GLOBE NEWSWIRE) — Graphjet Technology (NASDAQ: GTI), a pioneer in utilizing agricultural waste to produce graphite and graphene, has announced it is actively finalizing its financial statements for the fiscal year ending December 31, 2024. The company is collaborating with independent auditors to complete the audit process and plans to file its Annual Report on Form 10-K by the end of June 2025.
Following the completion of the 2024 annual report, Graphjet will shift its focus to preparing the first quarter financial statements for submission on Form 10-Q. Aiden Lee, the company’s founder who recently increased his ownership stake, expressed optimism about the new board of directors, asserting their extensive expertise will play a crucial role in achieving the company’s strategic objectives.
Despite these positive developments, the delayed filing of the annual report raises concerns about internal oversight. The postponed release of Q1 2025 financial statements may further affect the company’s transparency and operational clarity during this transitional phase.
Founded in 2019, Graphjet Technology is recognized for its innovative approach to recycling agricultural waste, particularly palm kernel shells, into high-quality graphene and graphite. This sustainable production model aims to revolutionize the global supply chain for these critical materials.
The company continues to navigate a dynamic market landscape, with the impending audit and new leadership positioning it to capitalize on upcoming opportunities. Graphjet’s commitment to transparency and sustainability will be key as it moves toward the completion of its financial reviews and future growth initiatives.
For more information, visit Graphjet Technology.
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