Graphjet Technology Finalizes 2024 Financial Statements Amid Leadership Changes
KUALA LUMPUR, Malaysia, May 27, 2025 – Graphjet Technology (NASDAQ: GTI), a pioneer in developing patented technologies for producing graphite and graphene from agricultural waste, is nearing completion of its financial statements for the fiscal year ending December 31, 2024. The company is actively collaborating with its independent auditors to finalize the audit, with plans to submit its Annual Report on Form 10-K by the end of June 2025.
Following the 2024 annual report’s completion, Graphjet will focus on preparing its Q1 2025 financial statements for filing on Form 10-Q, though the timeline indicates potential delays.
Aiden Lee, the company’s founder, who recently bolstered his stake, expressed optimism regarding the newly constituted board of directors, highlighting their diverse expertise aimed at steering the company through its next growth phase. The board reshuffle follows significant leadership changes earlier in the year, indicating a strategic move to enhance corporate governance.
While the administration’s confidence in the new leadership is evident, the delayed filing of the annual report raises concerns about internal controls and financial transparency. Analysts note that these uncertainties could affect investor sentiment as the company navigates its future in the evolving graphite and graphene market.
Graphjet Technology has made a name for itself with its innovative approach to recycling palm kernel shells into graphite products, aiming to revolutionize the way these materials are sourced and produced sustainably. The firm’s sustainable practices align with global pushes towards greener technologies, but challenges must be addressed to ensure a stable financial future.
For more information, please visit Graphjet Technology.
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