Graphjet Technology ("Graphjet" or "the Company") (NASDAQ:GTI), a leading developer of patented technologies to produce graphite and graphene directly from agricultural waste, is proud to announce that the Company is expecting for new equipment and machineries to arrive in Malaysia by the end of the week.

The purchase of the new equipment and machineries are part of the Company's wider plan for expansion. The new equipment and machineries can produce approximately 7 times more than the existing equipment and machineries and would be able to expand the capacity and capabilities. The new equipment and machineries have better specifications that would improve the quantity and quality of the graphite produced by Graphjet. It is designed to support large-scale output while maintaining better control over the parameters and processing conditions, a key factor in delivering graphite that meets the stringent requirements of the EV battery and semiconductor.