Graphjet shareholders approve 1-for-60 share consolidation for Nasdaq compliance

GRAPHJET TECHNOLOGY

At Aug 7 EGM, shareholders approved share consolidation within 1-for-50 to 1-for-150 range.
Board set ratio at 1-for-60; effective date to be announced after filing amended articles in Cayman Islands.
CEO confirms Form 10-Q for Dec 31, 2024 filed Aug 5, 2025; March 31, 2025 10-Q in progress.
Company targets Sept 15, 2025 Nasdaq deadline to regain compliance with all delinquent filings.
Votes: 75,884,517 for, 2,452,153 against, 7,099,493 abstentions on share consolidation proposal.

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