Production Capacity and Technology - Graphjet Technology has developed a patented biomass process to produce artificial graphite and graphene from palm kernel shells, with a production capacity of 10,000 tons of graphite and 60 tons of graphene annually planned for its facility in Malaysia [20][22][23]. - Malaysia produces approximately 5 million tons of palm kernel shells annually, sufficient to yield about 1.67 tons of graphite and 10,000 tons of graphene [22]. - The company produces artificial graphite and graphene from palm seed kernels, achieving a production cost of approximately $4,500 per ton, significantly cheaper than natural and other artificial graphite sources [32]. - The company can produce graphene at a purity level exceeding 99.99% and sell it at $15 per gram, representing over 80% savings compared to the market price of $167 to $450 per gram [33][31]. - Upon completion of the new facility, the projected annual production capacity will increase to approximately 10,000 to 50,000 tons of graphite and 60 to 200 tons of graphene [41]. Market Dynamics and Demand - The global market cost for natural graphite ranges between $8,000 and $11,000 per ton, while artificial graphite is priced around $20,000 per ton [26][27]. - Over 70% of the graphite used in electric vehicles is currently produced in China, highlighting the need for diversification in graphite production [28]. - The demand for lithium-ion batteries is driving the need for spherical graphite, with each electric vehicle requiring approximately 70 kilograms of graphite [27]. - The company believes it can disrupt the graphite and graphene supply chain by providing an alternative source, reducing dependency on suppliers in China, which currently dominate 92% of the market [53]. Financial Agreements and Revenue - The company executed a supply agreement with Toyoda Trike Inc. for $30 million annually, although no revenue was generated in 2023 due to export restrictions from China [25]. - A supply agreement with Toyoda is expected to generate $30 million in revenue for the company, although no revenue was produced in 2023 due to export restrictions from China [38][48]. Growth Strategy and Challenges - The company has not yet made any sales but plans to sample its products to multinational companies for market acceptance [24]. - Graphjet Technology's ability to maintain its Nasdaq listing and achieve revenue growth is uncertain due to its limited operating history and competitive pressures [16][17]. - The company faces risks related to its growth strategy, including the need for continuous investment in research and development and potential challenges in attracting key personnel [17][18]. - The company aims to differentiate itself through quality, price, and sustainability, with plans to invest in research and development and expand its sales and marketing team [40]. Collaborations and Workforce - The company has established collaborations with several universities for research and development, enhancing its technology for producing high-quality graphite and graphene [44][45]. - The company currently employs 20 staff across various departments and aims to expand its workforce as it grows [55]. - The company plans to open its first manufacturing plant in Kuantan, Malaysia, within the next 18 months, with an estimated construction cost of $400 million [56].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Units, each consisting of one Class A ordinary share, par value $0.0001 per share, and one redeemable warrant ENCPU The Nasdaq Stock Market LLC Class A ordinary shares included as part of the units ENCP The Nasdaq Stock Market LLC Redeemable warrants included as part of the units, each whole warrant exercisable for one Class A ordinary share at an exercise p ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41070 ENERGEM CORP. (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other jurisdiction of in ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Units, each consisting of one Class A ordinary share, par value $0.0001 per share, and one redeemable warrant ENCPU The Nasdaq Stock Market LLC Class A ordinary shares included as part of the units ENCP The Nasdaq Stock Market LLC Redeemable warrants included as part of the units, each whole warrant exercisable for one Class A ordinary share at an exercise p ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol Name of each exchange on which registered Units, each consisting of one Class A ordinary share, par value $0.0001 per share, and one redeemable warrant of one Class A ordinary share ENCPU The Nasdaq Stock Market LLC Class A ordinary shares included as part of the units ENCP The Nasdaq Stock Market LLC Redeemable warrants included as part of the units ENCPW The Nasdaq Stock Market LLC FORM 10-K (Mark On ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41070 ENERGEM CORP. (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other jurisdiction ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41070 ENERGEM CORP. (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other jurisdiction of in ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41070 ENERGEM CORP. (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other jurisdiction of i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission File Number: 001-41070 Energem Corp. FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to _____ (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other jurisdictio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: ________ ENERGEM CORP. (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other jurisd ...