Graphex Group Limited reported the passing of Ms. Tam Ip Fong Sin, an independent non-executive director who also served as chairlady of the nomination and remuneration committees and was a member of the audit committee. She passed away on 10 January 2026.
Effective 14 January 2026, independent non-executive director Mr. Liu Kwong Sang has been appointed chairman of the Nomination Committee and the Remuneration Committee, filling the leadership roles previously held by Ms. Tam. The company notes that this update is based on an announcement published under the Hong Kong Stock Exchange Listing Rules and that the information is for informational purposes only and not an offer to sell or a solicitation to buy any of its securities, including American Depositary Shares traded on the OTC Expert Market.
Graphex Group Limited reports that a wholly owned subsidiary has granted M2i Global, Inc. an option to acquire 100% of the limited liability units of Graphex Technologies LLC. M2i Global agreed to pay option consideration of US$500,000 (about HK$3.9 million) in cash for the right to call for this sale during the option term, subject to conditions precedent.
If the option is exercised and the conditions are met, the purchaser may buy all of the units of Graphex Technologies LLC for sale consideration of US$100,000,000 (about HK$780 million), to be paid in cash and M2i Global shares. The contemplated definitive agreement includes a non‑compete by Graphex on specified graphite products in North America, Australia, New Zealand, Europe (including Ukraine), Japan, Korea and Africa, and technical support for up to five years after closing. Graphex also agreed not to solicit or enter into alternative sale agreements for these units while the option agreement is in effect, and there is no assurance that the option will be exercised or a definitive agreement completed.