Graphjet Technology Finalizing Annual Report
Graphjet Technology (NASDAQ:GTI), a developer of patented technologies for producing graphite and graphene from agricultural waste, announced it is finalizing its financial statements for fiscal year 2024. The company is working with its independent auditors to complete the audit and plans to file its Annual Report on Form 10-K by the end of June 2025.
Following the 2024 annual report completion, GTI will focus on preparing Q1 2025 financial statements for Form 10-Q filing. Company founder Aiden Lee, who recently increased his stake, expressed confidence in the new board of directors following recent leadership changes, highlighting their professional expertise to achieve company goals.
Graphjet Technology (NASDAQ:GTI), sviluppatore di tecnologie brevettate per la produzione di grafite e grafene da scarti agricoli, ha annunciato di essere in fase di finalizzazione dei bilanci per l'anno fiscale 2024. L'azienda sta collaborando con i revisori indipendenti per completare la revisione contabile e prevede di depositare il Rapporto Annuale sul Modulo 10-K entro la fine di giugno 2025.
Dopo il completamento del rapporto annuale 2024, GTI si concentrerà sulla preparazione dei bilanci del primo trimestre 2025 per la presentazione del Modulo 10-Q. Il fondatore dell'azienda, Aiden Lee, che ha recentemente aumentato la sua partecipazione, ha espresso fiducia nel nuovo consiglio di amministrazione a seguito dei recenti cambiamenti nella leadership, sottolineando la loro competenza professionale per raggiungere gli obiettivi aziendali.
Graphjet Technology (NASDAQ:GTI), desarrollador de tecnologías patentadas para producir grafito y grafeno a partir de residuos agrícolas, anunció que está finalizando sus estados financieros para el año fiscal 2024. La compañía está trabajando con sus auditores independientes para completar la auditoría y planea presentar su Informe Anual en el Formulario 10-K antes de finales de junio de 2025.
Tras la finalización del informe anual 2024, GTI se centrará en preparar los estados financieros del primer trimestre de 2025 para la presentación del Formulario 10-Q. El fundador de la empresa, Aiden Lee, quien recientemente aumentó su participación, expresó confianza en la nueva junta directiva tras los recientes cambios en el liderazgo, destacando su experiencia profesional para alcanzar los objetivos de la empresa.
Graphjet Technology (NASDAQ:GTI)는 농업 폐기물로부터 흑연과 그래핀을 생산하는 특허 기술을 개발하는 회사로, 2024 회계연도 재무제표 최종 작업을 진행 중이라고 발표했습니다. 회사는 독립 감사인과 협력하여 감사를 완료할 예정이며, 2025년 6월 말까지 연례 보고서(Form 10-K)를 제출할 계획입니다.
2024년 연례 보고서 완료 후, GTI는 2025년 1분기 재무제표를 준비하여 Form 10-Q 제출에 집중할 예정입니다. 최근 지분을 늘린 창립자 Aiden Lee는 최근 리더십 변화 이후 새 이사회의 전문성을 강조하며 회사 목표 달성에 대한 자신감을 표명했습니다.
Graphjet Technology (NASDAQ:GTI), développeur de technologies brevetées pour la production de graphite et de graphène à partir de déchets agricoles, a annoncé qu'elle finalise ses états financiers pour l'exercice 2024. La société collabore avec ses auditeurs indépendants pour achever l'audit et prévoit de déposer son rapport annuel sur le formulaire 10-K d'ici fin juin 2025.
Après la finalisation du rapport annuel 2024, GTI se concentrera sur la préparation des états financiers du premier trimestre 2025 en vue du dépôt du formulaire 10-Q. Le fondateur de l'entreprise, Aiden Lee, qui a récemment augmenté sa participation, a exprimé sa confiance dans le nouveau conseil d'administration suite aux récents changements de direction, soulignant leur expertise professionnelle pour atteindre les objectifs de l'entreprise.
Graphjet Technology (NASDAQ:GTI), ein Entwickler patentierter Technologien zur Herstellung von Graphit und Graphen aus landwirtschaftlichen Abfällen, gab bekannt, dass die Finanzberichte für das Geschäftsjahr 2024 finalisiert werden. Das Unternehmen arbeitet mit seinen unabhängigen Prüfern zusammen, um die Prüfung abzuschließen, und plant, den Jahresbericht auf Formular 10-K bis Ende Juni 2025 einzureichen.
Nach Abschluss des Jahresberichts 2024 wird sich GTI auf die Erstellung der Finanzberichte für das erste Quartal 2025 zur Einreichung des Formulars 10-Q konzentrieren. Der Firmengründer Aiden Lee, der kürzlich seinen Anteil erhöht hat, zeigte Vertrauen in den neuen Vorstand nach den jüngsten Führungswechseln und hob deren fachliche Kompetenz hervor, um die Unternehmensziele zu erreichen.
- Founder Aiden Lee recently increased his stake in the company, showing insider confidence
- Recent leadership changes brought in experienced professionals to the board
- Delayed filing of 2024 annual report, indicating potential internal control or accounting issues
- Q1 2025 financial report will also be delayed as a consequence
- Company operating without current financial transparency
Company to complete 2024 audit and file by end of June
KUALA LUMPUR, Malaysia, May 27, 2025 (GLOBE NEWSWIRE) -- Graphjet Technology (the “Company”) (Nasdaq:GTI), a leading developer of patented technologies to produce graphite and graphene directly from agricultural waste, today announced that it is finalizing the financial statements for the fiscal year ended December 31, 2024. The Company is working closely with its independent registered public accounting firm to complete the audit of the financial statements, and the Company aims to file its Annual Report on Form 10-K by end of June.
The Company is sparing no effort to ensure that the audit of the financials is completed in the most expedient manner. After the completion of the audit, the Company will then turn its effort to complete the financial statements for its filing of Form 10-Q for the first quarter of 2025.
Mr. Aiden Lee, a founder of the Company, who had recently increased his stake in the Company, had made the following statement “I am confident of the new board of directors following changes in leadership made earlier this year. The board now comprises of various professionals that can focus on achieving the Company’s goal and this new management will have the necessary experience and knowledge to steer the Company forward to greater heights.”
About Graphjet Technology Sdn. Bhd.
Graphjet Technology Sdn. Bhd. (Nasdaq: GTI) was founded in 2019 in Malaysia as an innovative graphene and graphite producer. Graphjet Technology has the world’s first patented technology to recycle palm kernel shells generated in the production of palm seed oil to produce single layer graphene and artificial graphite. Graphjet’s sustainable production methods utilizing palm kernel shells, a waste agricultural product that is common in Malaysia, will set a new shift in graphite and graphene supply chain of the world. For more information, please visit https://www.graphjettech.com/.
Cautionary Statement Regarding Forward-Looking Statements
The information in this press release contains certain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “aim,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets in which Graphjet competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Graphjet will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) Graphjet is beginning the commercialization of its technology and it may not have an accurate estimate of future capital expenditures and future revenue; (iv) statements regarding Graphjet’s industry and market size; (v) financial condition and performance of Graphjet, including the anticipated benefits, the implied enterprise value, the financial condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Graphjet; (vi) Graphjet’s ability to develop and manufacture its graphene and graphite products; and (vii) those factors discussed in our filings with the SEC. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the “Risk Factors” section of the documents to be filed by Graphjet from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward- looking statements, and while Graphjet may elect to update these forward-looking statements at some point in the future, they assume no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. Graphjet does not give any assurance that Graphjet will achieve its expectations.
Graphjet Technology Contacts
Investors
GraphjetIR@icrinc.com
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