GRAPHJET TECHNOLOGY Business Summary

Graphjet Technology (GTIJF) operates a sustainable materials production model centered on its patented biomass-to-graphite conversion technology. The company generates revenue through the manufacturing and sale of high-purity artificial graphite, single-layer graphene, and palm kernel shell-based carbon materials, primarily targeting the electric vehicle (EV) battery anode and semiconductor markets. By utilizing palm kernel shells—an abundant agricultural byproduct in Malaysia—as feedstock, Graphjet aims to disrupt traditional supply chains with a process that reportedly reduces production costs by 80% and carbon emissions by over 83% compared to conventional methods. The company recently transitioned from an R&D-heavy phase to commercialization, recording its first product revenues in mid-2025. In the competitive landscape, Graphjet contends with established industrial metal and energy storage players such as SES AI Corp, Advent Technologies, and Fusion Fuel Green, positioning itself as a low-cost, ESG-compliant alternative to the Chinese-dominated synthetic graphite market. The leadership team is currently led by Chairman and CEO Chris Lai Ther Wei, who was appointed in April 2025 after serving as Deputy CEO and CFO; he brings an extensive background in Malaysian corporate finance and investment banking from firms like Mercury Securities. The technical and operational strategy is directed by Liu Yu, the Chief Operating Officer and Chief Scientific Officer, an industry veteran with over two decades of research experience who has led the company’s technological development since its inception. Graphjet was co-founded in 2019 by a team including former CEO Aiden Lee Ping Wei, who remains a strategic advisor, alongside key early executives such as Jay Aw and Lim Hooi Beng. Notable institutional interest includes minority holdings from Morgan Stanley and Citigroup, while Suria Sukses Engineering Sdn Bhd remains a significant 10% stakeholder. The board was further strengthened in 2025 with the addition of independent directors including Tan Song Jie, a chartered accountant designated as the Audit Committee financial expert.