Core Viewpoint - Graphjet Technology has received a notice from Nasdaq regarding non-compliance with listing rules due to the failure to file its Quarterly Report on Form 10-Q for the period ended June 30, 2025 [1][3]. Company Summary - Graphjet Technology Sdn. Bhd. was founded in 2019 in Malaysia and specializes in producing graphene and graphite using patented technology that recycles palm kernel shells [4]. - The company aims to transform the graphite and graphene supply chain globally through sustainable production methods [4]. Compliance and Listing Status - The notice from Nasdaq does not have an immediate effect on the trading of Graphjet's ordinary shares, which will continue to trade under the symbol "GTI" [2]. - Nasdaq has requested a written response from the company regarding the notice by August 27, 2025, and the company is working to file the Form 10-Q by the agreed deadline of September 15, 2025 [3].

Core Viewpoint - Graphjet Technology's shareholders have approved a share consolidation proposal, reflecting confidence in the company's plans to comply with Nasdaq requirements [1][4]. Group 1: Share Consolidation Details - The approved proposal allows the Board to consolidate shares at a ratio between 1-for-50 and 1-for-150, with a final ratio of 1-for-60 being set by the Board [2]. - The company plans to file Amended and Restated Memorandum and Articles of Association in the Cayman Islands once the effective date of the share consolidation is determined [3]. Group 2: Compliance and Financial Reporting - The approval indicates shareholders' confidence in the company's strategy to regain compliance with Nasdaq [4]. - The company has filed its Form 10-Q for December 31, 2024, and is working on the Form 10-Q for March 31, 2025, aiming to meet the September 15, 2025 deadline set by Nasdaq [5]. Group 3: Company Background - Graphjet Technology, founded in 2019 in Malaysia, specializes in producing graphene and graphite using patented technology that recycles palm kernel shells [6]. - The company's sustainable production methods aim to transform the global graphite and graphene supply chain [6].

Company Overview - Graphjet Technology has received a decision letter from the Nasdaq Hearings Panel allowing it to continue its listing on Nasdaq, contingent upon compliance with specific listing rules by set deadlines [1][2][3] - The company specializes in producing graphene and graphite from agricultural waste, specifically palm kernel shells, utilizing patented technology [7] Compliance and Regulatory Requirements - The company must demonstrate compliance with the Bid Price Rule by August 29, 2025, and the Periodic Filing Rule by September 15, 2025 [2] - An update on the company's fundraising plans is required by September 30, 2025 [2][3] Market Opportunities - Graphjet is positioned to benefit from China's export restrictions on graphite and increased tariffs on graphite imports to the US, leading to a global shortage of graphite [5] - The company’s production method, which uses recycled agricultural waste, allows it to provide an alternative source of graphite for electric vehicle batteries [5] Expansion Plans - The company plans to build a manufacturing plant in Nevada, which is expected to create new job opportunities and support the electric vehicle market amid graphite supply shortages [6]