Graphjet receives Nasdaq delisting determination; intends to appeal

GRAPHJET TECHNOLOGY

Received Nasdaq determination on June 4, 2025 denying continued listing due to failure to provide definitive compliance plan.
Trading of Class A ordinary shares (GTI) will be suspended at opening on June 13, 2025.
Company intends to request a Nasdaq hearings panel appeal by June 11, 2025; request will stay suspension for 15 days.
Company also plans to request an additional stay pending the hearing.
Non-compliance also includes delay in filing Quarterly Report for March 31, 2025.

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