To establish a robust graphite supply chain in the US, Graphex will process flake graphite from various geographical resources, will evaluate alternative purification methods, will investigate anode optimization strategies, and has commenced a search for additional plant locations to meet growing demand for domestic graphite supply chains.

ROYAL OAK, Mich., Sept. 15, 2022 (GLOBE NEWSWIRE) — Graphex Technologies, LLC, a wholly owned subsidiary of Graphex Group Limited (collectively “Graphex”) (NYSE American: GRFX | HKSE: 6128) and a global leader in mid-stream processing of natural graphite for use in lithium-ion (Li-ion) powered batteries, announced today that it intends to construct a pilot-scale shaping and purification processing facility at the same location as its pitch coating plant that is currently in development in Warren, MI. The pilot plant will be developed with Graphex’s established joint venture with Emerald Energy Solutions, LLC (“EES”).

As the EV industry continues to move toward domestication of the entire EV supply chain, Graphex is accelerating the advancement of mid-stream production processes of graphite. In line with the intentions of the Inflation Reduction Act and other recent legislative actions, this newly announced shaping & purification pilot plant coupled with the pitch coating plant already in development at the same location, will establish in the U.S. automotive center a full domestic processing from raw material to finished product – battery anode material for EV batteries. Additional benefits of the pilot include processing, validating, and testing spherical purified graphite and coated spherical purified graphite produced from flake graphite concentrate of various global sources, which will accelerate the qualification process of anode material from sources that are domestic and/or originated in countries with favorable trade agreements. The pilot plant will provide a platform to investigate advanced shaping, sizing, and coating technologies as well as evaluation and testing of alternative purification methods.

In parallel with the advancements made at the Warren facilities, and through the close alliance with its partners at EES, the Company plans to continue its expansion efforts by locating production facilities near concentrated point of use regions and in direct collaboration with customers. EES and the Company continue to explore new sites for additional mid-stream processing facilities in strategic locations in and around Warren, and around the country to address the gap between demand and current domestic production capabilities. With current projections for graphite demand nearing 200,000 tons per year and current domestic production at 0, one or two mid-stream plants will not be enough.

“Graphite is an essential component in EV batteries today and will remain a prevalent component for many years as EV demand increases. Graphex is taking steps to not only increase domestic production and diversify the upstream resources of this critical mineral, but to also continuously improve our technology and capabilities to meet the needs of the industry,” said John DeMaio, CEO of Graphex Technologies. “The OEMs and EV battery manufacturers require high quality, high volume, spherical graphite for their gigafactories and Graphex’s technical capability and operational agility will enable us to meet their needs.” Mr. DeMaio added that the development of a pilot-scale shaping and purification processing facility is keeping with Graphex’s long-standing and proud commitment to ESG (Environmental / Social / corporate Governance).

To learn more about these initiatives and more from Graphex Technologies, please visit www.graphexgroup.com

About Graphex
Graphex Technologies is a wholly owned U.S. subsidiary of Graphex Group Limited, a Cayman Island company with principal and administrative offices in Hong Kong and U.S.subsidiary office in Royal Oak, MI. Graphex is focused on the development of technologies and products to enhance renewable energy, particularly the enrichment of spherical graphite and graphene, key components for EV batteries and lithium-ion batteries for other use cases. Proficient in the commercial deep processing of graphite, Graphex has extensive commercial experience producing battery grade purified spherical graphite to the power battery market, currently at a volume of 10,000 metric tons per annum (tpa) with intentions to expand production to 40,000 tpa over the next three years. With a strategy to expand its global operations to support energy transition and electrification efforts worldwide, Graphex is currently among the top suppliers of specialized spherical graphite to the EV and renewable energy industries and holds patents in areas including products, production methods, machinery design, and environmental protection.

Forward Looking Statements
All statements contained in this presentation other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans and our objectives for future operations, are “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the safe harbor in Section 27A and 21E of the Securities Act of 1933 and the Securities Exchange act of 1934, respectively. You can identify some of these forward looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. We have based these forward looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short term and long-term business operations and objectives, and financial needs. These forward looking statements involve various risks and uncertainties.

Information from third sources identified in this release are based on published reports for such information and we have assumed the accuracy of such reports without independent investigation or inquiry.

This communication is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to purchase any securities of Graphex Group Limited, including but not limited to its American Depositary Shares.

Media Contact:
FischTank PR
graphex@fischtankpr.com

The strategic partnership will pursue upstream and downstream opportunities to supply critical graphite anode materials to the global EV industry through streamlined, localized supply chains

ROYAL OAK, Mich., Sept. 13, 2022 (GLOBE NEWSWIRE) — Graphex Technologies, LLC, a wholly owned subsidiary of Graphex Group Limited (collectively “Graphex”) (NYSE American: GRFX | HKSE: 6128) and a global leader in mid-stream processing of natural graphite for use in lithium-ion (Li-ion) power batteries, announced today that it has entered into a non-binding Memorandum of Understanding (“MOU”) with ReCharge Global Corp. (“ReCharge”), an innovative team providing key feedstock and critical minerals for the production of electric vehicle (EV) Li-ion power batteries to the global EV industry.

ReCharge was founded by the team that developed one of the first Li-ion battery recycling technologies for North American OEM’s which has since become a leader in the industry. Through experience within the Li-ion battery supply chain, ReCharge has developed relationships with government and industry for distribution of key materials from industrial processors and mines, to provide OEMs and battery makers with a high-quality, high-volume and stable supply of materials needed for production of Li-ion batteries.

Graphex has extensive commercial experience producing battery grade purified spherical graphite to the power battery market, currently at a volume of 10,000 metric tons per annum (tpa) with intentions to expand production to 40,000 tpa over the next three years. The intent of the MOU is to evaluate joint venture opportunities (JV’s) to strategically locate, construct, and operate mid-stream graphite processing facilities throughout the world to support the global electrification of mobility. Whether near graphite mining resources or locations close to point-of-use – namely battery gigafactories and EV OEMs in the US and Europe. Graphex and ReCharge will leverage shared expertise in technology, design, financing, equipment sourcing, and plant operations along with established upstream and downstream relationships with key stakeholders and companies in the automotive and battery industries to provide end-to-end stable supply of battery grade anode material for EVs.

An initial focus of the collaboration will be the graphite opportunity in Australia where critical mineral mining and processing momentum is accelerating quickly. ReCharge and its affiliated companies in Australia have secured properties and/or rights to properties across the country, including first right of refusal on several projects that have the potential to produce flake graphite concentrate within 18-24 months of a quality and quantity sufficient to sustain operations of mid-stream graphite processing facilities for at least 10 years. ReCharge’s relationships with state and local governments and experience in constructing and operating production facilities in the EV supply chain, coupled with Graphex’s mid-stream production experience in the transformation of graphite into battery anode material is an ideal combination to quickly ramp up stable end-to-end supply of battery grade graphite to the EV industry for years to come.

“With this collaboration, Graphex seeks to aggregate and leverage the unique professional talents, experience bases, financial resources, and industry relationships of both organizations to accelerate our strategy to secure upstream raw material sources and to continue expanding our global footprint of mid-stream production facilities,’ said John DeMaio, CEO of Graphex Technologies. “With the EV industry engaged in the truly herculean task of electrifying mobility worldwide while simultaneously building out end-to-end domestic manufacturing capabilities, the best companies to effect this transformation quickly are those with proven experience and the willingness to innovate. Graphex has that “ability with agility” and the ReCharge collaboration will give us a wider reach.”

“Together, we can provide the mine-to-battery stability and localization of supply that is needed to meet the soaring demand for the batteries that will power the electric future of transportation.” Said David Batstone, founder and Managing Director of ReCharge. “Partnering with Graphex will be a force multiplier in this effort. Raw material sources seek to participate in the mid-stream value creation and end-users seek stability of supply  – Graphex/ReCharge are uniquely capable to deliver on both fronts.”

Under the JV, the two companies will first pursue mid-stream production capabilities near graphite sources in Australia. Beyond Australia, Graphex and ReCharge are exploring several additional upstream and downstream opportunities in North America and Europe to fill the enormous – and growing – gap between demand for localized supply of natural graphite anode material and the current supply chain shortcomings to meet it.

This progress in diversification and expansion follows Graphex’s recent raw material sourcing announcements around the world, including the US, Brazil, and Tanzania as well as active pursuits of additional resources in Canada, Africa, Australia, and Europe. Expanding the array of upstream resources dovetails with Graphex’s progress on a new mid-stream graphite processing facility being developed in Warren, Michigan. This scaled production and global expansion comes amidst a recent push from the USA Federal Government to stabilize American EV and battery manufacturing supply chains. As mentioned recently in the New York Times, Graphex’s stateside production and global sourcing signifies a shift in the green tech industry to extricate itself from areas of sovereign risk.

“We are proud to take the next step in globalizing our upstream and mid-stream footprint in collaboration with the industry experts at ReCharge,” added DeMaio.

About Graphex
Graphex Technologies is a wholly owned U.S. subsidiary of Graphex Group Limited, a Cayman Island company with principal and administrative offices in Hong Kong and U.S. subsidiary office in Royal Oak, MI. Graphex is focused on the development of technologies and products to enhance renewable energy, particularly the enrichment of spherical graphite and graphene, key components for EV batteries and lithium-ion batteries for other use cases. Proficient in the commercial deep processing of graphite, Graphex has extensive commercial experience producing battery grade purified spherical graphite to the power battery market, currently at a volume of 10,000 metric tons per annum (tpa) with intentions to expand production to 40,000 tpa over the next three years. With a strategy to expand its global operations to support energy transition and electrification efforts worldwide, Graphex is currently among the top suppliers of specialized spherical graphite to the EV and renewable energy industries and holds patents in areas including products, production methods, machinery design, and environmental protection.

About ReCharge
ReCharge Global Corp. provides key feedstock and minerals to European battery makers for the production of electric vehicle Lithium-Ion power batteries. We distribute materials used to form the anode, cathode and for the electrolyte.  ReCharge Global was founded by the team who developed Lithium-Ion battery recycling technology for North American OEM’s, which has become one of the leaders in the industry. With the accelerated adoption of EV’s, and with almost unprecedented global government support, we identified the importance of a stable, secure mineral and key material supply for the developing battery industry. Leveraging our experience within the Lithium-Ion battery supply chain, we have developed relationships for distribution of key materials from industrial processors and mines, to provide our OEM and battery maker clients with a high-quality, high-volume and stable supply of materials needed for production of Lithium-Ion batteries

Forward Looking Statements
All statements contained in this presentation other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans and our objectives for future operations, are “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the safe harbor in Section 27A and 21E of the Securities Act of 1933 and the Securities Exchange act of 1934, respectively. You can identify some of these forward looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. We have based these forward looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short term and long-term business operations and objectives, and financial needs. These forward looking statements involve various risks and uncertainties.

Information from third sources identified in this release are based on published reports for such information and we have assumed the accuracy of such reports without independent investigation or inquiry.

This communication is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to purchase any securities of Graphex Group Limited, including but not limited to its American Depositary Shares.

Media Contact:
graphex@fischtankpr.com

The international technology company announces preliminary 2022 interim financial results, plans to increase graphite production globally and localize critical mineral supply chains, including its first production facility in the U.S.

ROYAL OAK, Mich., Aug. 31, 2022 (GLOBE NEWSWIRE) — Graphex Group Limited (NYSE American: GRFX | HKSE: 6128) and its wholly owned U.S. subsidiary, Graphex Technologies LLC (collectively “Graphex” or “Company”), a global leader in mid-stream processing of specialized natural graphite used for electric vehicle (EV) lithium-ion (Li-ion) batteries, today provided its announcement of the preliminary interim financial results for the six month period ending June 30,2022, as well as an update that reflects on milestones achieved in 2022 and its objectives for the remainder of the year. The announcement was made in Hong Kong in accordance with the applicable rules of The Stock Exchange of Hong Kong Limited (“HKSE”). Financial results for the six month period ending June 30, 2022 that are prepared in accordance with U.S. Generally Accepted Accounting Principles will be provided on or prior to September 30, 2022. Highlights of the interim financial results.

Despite residual effects of COVID and supply chain issues, particularly in the Asian region, the Company revenues were relatively steady year over year, particularly for the graphene products segment. Graphex Group believes that such steady revenues for the graphene segment indicate continued strong demand for the entire output of refined graphene products and an opportunity for the Company to expand its graphene products business in Asia, as well as in the U.S. and globally. Combined revenues decreased slightly, driven primarily by lingering pandemic effects affecting the eco design landscape architecture and design business. The Company was able to reduce its cost of sales, selling and marketing expenses, and administrative costs. In addition, the Company was also able to decrease its debt by 33% and losses for the six month period decreased. After adjustment for non-cash depreciation and the costs of the recent uplisting to the NYSE American market, the Company’s cash flow was positive.

“We expect continued stability in the second half of 2022 and look forward to moving ahead with our expansion plans for the graphene business in Asia and the U.S.,” said Andross Chan, CEO of Graphex Group. “Growth in the EV market in Asia continues to accelerate and we believe we have positioned our graphene products very well to participate in that growth.”

The formation of Graphex Michigan I LLC, the U.S. joint venture between Emerald Energy Solutions (“EES”) and the U.S. subsidiary Graphex Technologies LLC, has marked the beginning of the participation in the global electric vehicle (“EV”) supply chain. The expansion of Graphex’s presence in the U.S. – and more specifically in Warren, (Detroit area) Michigan, the heart of the automotive sector – comes at a critical moment in global transportation history as evidenced by the recent enactment of the Inflation Reduction Act of 2022, which is expected to provide the largest investment to combat climate change in U.S. history. As the demand projections for electric vehicles and other sustainable energy solutions are expected to grow, there will be a parallel increase in demand for the critical minerals necessary to manufacture the Li-ion batteries that power them. Equally as important, the tremendous impetus for the industry to move supply chains away from geopolitically sensitive or logistically challenging regions and to localize end-to-end processing and production capabilities in the U.S. is at the highest intensity in decades.

“As we continue to pursue supply agreements and continue progress at our new processing plant in Michigan, we believe that the growth trajectory for Graphex’s graphene business is completely aligned with and supported by recent policy advances and funding opportunities for domestication of critical mineral processing,” said John DeMaio, CEO of Graphex Technologies and President of the Graphene Division of Graphex. As we recently shared with the New York Times, we believe that the invocation of the Defense Production Act, the Bipartisan Infrastructure Law, and the newly enacted Inflation Reduction Act of 2022 will greatly assist companies like Graphex to accelerate the scale of domestic production to meet demand and in turn accelerate the transition to EVs and other sustainable energy solutions that utilize lithium-ion (Li-ion) batteries.”

Graphex is currently among the top suppliers of specialized spherical graphite to the EV and renewable energy industries with a global expansion strategy that completely supports energy transition and electrification efforts worldwide.

Recent milestones and actions to achieve its business objectives include:

• Graphex is one of the largest specialized graphite processors in the world:
  • Increasing production from 10,000 to 40,000 tonnes per annum to meet growing EV demand
• Diversifying upstream sourcing of raw materials to stabilize supply chains:
  • Actively negotiating offtake agreements with sources of natural graphite away from politically sensitive and/or logistically volatile regions
  • Pursuing new raw material sources around the world including  the US, Brazil, Canada, Africa, Australia, Europe, and other locations through a combination of straight offtake agreements for raw materials and also through collaborative partnerships with the mining operations to construct mid-stream processing facilities near the raw material sources.
• Building mid-stream processing plants in North America:
  • The previously announced joint venture with Emerald Energy Solutions LLC to construct a new 15,000 metric ton per year graphite processing facility in Warren, Michigan is progressing as planned. The first such plant to be built by an experienced commercial- scale mid-stream graphite processor in the US and the first of multiple facilities anticipated by Graphex, the Warren facility is expected to be operational in Q2/Q3 of 2023.
• Actively negotiating supply agreements to sell product to the battery manufacturers in the West:
  • Graphex has entered into at least one confidential non-binding MOU with OEM EV battery manufacturers to supply anode material to their future gigafactories, including one in the US, and to evaluate the construction of co-located processing facilities near the OEM’s gigafactories.  Graphex is engaged in similar ongoing discussions with other OEMs and battery manufacturers.
• Continuing our research of advanced battery chemistry and material science innovations:
  • Collaboration with the Technology Institute  to conduct an in-depth Study on Electrode Materials for Graphene-based Sodium Ion Batteries

With over 10 years of commercial experience producing 10,000 metric tons per annum (tpa), the Company believes that they are well positioned to bring experienced mid-stream capabilities online quickly in the U.S. Graphex Group also intends to continue its efforts to diversify the upstream sourcing of raw materials and further streamline, localize, and stabilize supply chains. This combination of technical capability coupled with the operational agility to form progressive downstream supply arrangements with OEMs and battery manufacturers uniquely positions Graphex to deliver needed critical graphene materials now and well into the future as the EV market expands globally.

To learn more about Graphex, please visit www.graphexgroup.com

About Graphex

Graphex Group Limited is a Cayman Island company with principal and administrative offices in Hong Kong and subsidiary office in Royal Oak, MI. Graphex is a global leader in the industry focused on the development of technologies and products for the enhancement of renewable energy, particularly the enrichment of spherical graphite and graphene, key components for Electric Vehicle (EV) batteries, lithium-ion batteries, and other use cases. Proficient in commercial deep processing of graphite, Graphex has been consistently producing over 10,000 metric tons of spherical graphite annually for over 9 years. With a strategy to expand its global operations to support energy transition and electrification efforts worldwide, Graphex Group is currently among the top suppliers of specialized spherical graphite to the EV and renewable energy industries and holds patents in areas including products, production methods, machinery design, and environmental protection.

Forward Looking Statements

This release contains statements that constitute “forward-looking statements,” for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995 and the safe harbor in Section 21E of and the Securities Exchange Act of 1934, including statements regarding the Company’s future plans and prospects. Forward-looking statements may be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “believe”, “likely”, “potential”, “continue” or other similar expressions. The Company has based these forward-looking statements largely on the Company’s current expectations and projections about future events that it believes may affect its financial condition, results of operations, business strategy and financial needs. These forward-looking statements include statements relating to:

• The Company’s goals and strategies;
• The Company’s future business development, financial conditions and results of operations;
• Fluctuations in prices, interest rates and other factors that may increase the Company’s costs significantly;
• The Company’s expectations regarding demand for and market acceptance of its products and services;
• Competition in the Company’s industry;
• Relevant government policies and regulations relating to the Company’s industry, including governmental policies in the Peoples Republic of China as well as other governmental or sovereign risk factors related to the Peoples Republic of China and its relationship with the United States;
• The Company’s ability to continue to diversify its manufacturing and operations in the U.S. and globally;
• The growth of the renewable energy sector; and
• The U.S. and global economy including any recession or other adverse economic factors that limit the ability of the Company’s customers to purchase its products, including such customer’s ability to continue investment in the renewable energy sector.

These forward-looking statements involve various risks and uncertainties. Although the Company believes that its expectations expressed in these forward-looking statements are reasonable, the Company’s expectations may later be found to be incorrect. The Company’s actual results could be materially different from the Company’s expectations. Important risks and factors that could cause the Company’s actual results to be materially different from the Company’s expectations.

The Company’s forward-looking statements are based, in part, on certain data and information that it obtained from various government and private sources. Statistical data obtained from these sources may include projections based on a number of assumptions. The Company’s industry may not grow at the rate projected by these sources, or at all. Failure of the Company’s markets to grow at the projected rate may have a material and adverse effect on the Company’s businesses and the market price of the Company’s ordinary shares and the ADSs. In addition, the rapidly changing nature of the Company’s markets may result in significant uncertainties for any projections or estimates relating to the Company’s growth prospects or future condition. Furthermore, if any one or more of the assumptions underlying the market data are later found to be incorrect, actual results may differ from the projections based on these assumptions. You should not place undue reliance on these forward-looking statements.

The forward-looking statements made in this release relate only to events or information as of the date on which the statements are made in this release. Except as required by law, the Company does not undertake an obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. You should read this release and the other information about the Company that is available publicly, completely and with the understanding that the Company’s actual future results may be materially different from what the Company expects.

This communication is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to purchase any securities of Graphex Group Limited, including but not limited to its American Depositary Shares.

CONTACT: Media Contact: graphex@fischtankpr.com

ROYAL OAK, Mich., Aug. 26, 2022 (GLOBE NEWSWIRE) — Graphex Group Limited (NYSE American: GRFX), (“Graphex”, or the “Company”), a global leader in mid-stream processing of specialized natural graphite used for electric vehicle (EV) lithium-ion (Li-ion) batteries, today announced that the underwriters of its previously completed underwritten public offering have exercised their over-allotment option to purchase an additional 704,347 American Depositary Shares (ADSs), each ADS representing 20 ordinary shares, par value HK$0.01 per share, of the Company, at the public offering price of $2.50 per ADS less underwriting discounts and commissions, for aggregate gross proceeds of approximately $1.7 million before deducting underwriting discounts, commissions, and other estimated offering expenses. The 45-day over-allotment option was granted in connection with the Company’s previously announced underwritten public offering of 4,695,653 ADSs at a public offering price of $2.50 per share.

EF Hutton, division of Benchmark Investments, LLC, acted as sole book-running manager for the offering.

A registration statement on Form F-1 (File No. 333-263330), was filed with the Securities and Exchange Commission (“SEC”) and was declared effective on August 16, 2022, and a registration statement on Form F-1MEF (File No. 333-266925), was filed with the SEC and became effective upon filing. A final prospectus relating to the offering was filed with the SEC and is available on the SEC’s website at http://www.sec.gov. Electronic copies of the final prospectus relating to this offering, when available, may be obtained from EF Hutton, division of Benchmark Investments, LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@efhuttongroup.com or telephone at (212) 404-7002.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Graphex
Graphex Group Limited is a Cayman Island company with principal and administrative offices in Hong Kong and subsidiary office in Royal Oak, Michigan. Graphex is a global leader in the industry, proficient in commercial deep processing of graphite, and is currently producing over 10,000 metric tons of spherical graphite annually. Graphex possesses patents and utility models covering various technological, design, and processing applications in addition to trade secrets and technological expertise.

Forward Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed public offering. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media Inquiries:
FischTank PR
graphex@fischtankpr.com