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 advances plans to increase graphite production globally and to localize mid-stream critical mineral supply chains, including its first production facility in the U.S.

ROYAL OAK, Mich., Aug. 22, 2022 (GLOBE NEWSWIRE) — Graphex Technologies LLC, a wholly owned U.S. subsidiary of Graphex Group Limited (NYSE American: GRFX | HKSE: 6128, collectively “Graphex”), a global leader in mid-stream processing of specialized natural graphite used for electric vehicle (EV) lithium-ion (Li-ion) batteries, today provided an update that reflects on milestones achieved in 2022 and its objectives for the remainder of the year. 

The expansion of Graphex Technologies’ presence in the U.S. – and more specifically in Warren, MI, 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 slated 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.

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 our 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

“As we continue to pursue supply agreements and prepare to break ground at our new processing plant in Michigan in the heart of the automotive sector, we believe that the growth trajectory for Graphex 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. Having experienced many campaigns for change over a long career in the energy transition arena, I am very encouraged to see such widespread foundational support for the electrification of mobility, and to see policy become legislation and legislation beget funding at a truly unprecedented pace.”

With over 10 years of commercial experience producing 10,000 metric tons per annum (tpa), Graphex is well positioned to bring experienced mid-stream capabilities online quickly in the U.S. We also continue our 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

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.

Ashley Willis
graphex@fischtankpr.com

HONG KONG, March 07, 2022 (GLOBE NEWSWIRE) — Graphex Group Limited (“Graphex”) (OTCQX: GRFXY | HKSE: 6128), has publicly filed a registration statement on Form F-1 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (the “SEC”) relating to its proposed public offering (“Offering”) of American Depositary Shares (“ADS”). The Offering will raise additional capital to Graphex which will be used, primarily, to expand its graphene business to support global demand. The number of ADS to be offered and the price range for the proposed offering have not yet been determined. Graphex will apply to list the receipts representing the ADS on the NYSE American stock exchange market under the symbol “GRFX” and expects to have the listing complete concurrent with the closing of the Offering. The Offering is subject to the receipt of regulatory, stock exchange, and other approvals, including that the registration statement is effective under the Securities Act.

EF Hutton, a division of Benchmark Investments, LLC is acting as representative of underwriters of the Offering.

The proposed offering will be made only by means of a prospectus, which forms a part of the Registration Statement. Copies of the Registration Statement and the preliminary prospectus included therein relating to the proposed offering, when available, may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus, when available, may be obtained from:

EF Hutton, division of Benchmark Investments, LLC
Attention: Syndicate Department
590 Madison Avenue, 39th Floor, New York, NY 10022
Email: syndicate@efhuttongroup.com
Telephone: (212) 404-7002

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

Graphex is 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. 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.

This news release does not constitute an offer to sell or the solicitation of an offer to buy these securities, 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. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. These securities are not being offered to the public in any Canadian jurisdiction and any sales into Canada, if any, will be made in compliance with available exemptions from the Canadian prospectus requirements and only through securities dealers appropriately registered in the jurisdictions of Canada in which sales would be made.

No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to notice of its acceptance given after the effective date.

About Graphex Group:
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, 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. 

Safe Harbor Statement:
This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended (the ‘Securities Act’), and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act.

Statements about the Company’s future expectations and all other statements in this press release other than historical facts, are ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.

The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words ‘anticipate,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘plans,’ ‘projects,’ and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic 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 the Company, including but not limited to its American Depositary Shares.

Information made available on the Company’s website is not a part of any disclosure made or to be made by the Company with respect to any offer to sell or solicitation of an offer to purchase any securities of the Company and are not part of any filings by the Company with the U.S. Securities and Exchange Commission.

Media Inquiries:
FischTank PR
graphex@fischtankpr.com 

Through a newly signed MOU with the Jixi Mashan Government, Graphex Group will increase annual production output by 30,000 metric tons per annum of high-purity spherical graphite over the next three years

ROYAL OAK, Mich., Feb. 15, 2022 (GLOBE NEWSWIRE) — Graphex Group Limited (“Graphex”) (OTCQX: GRFXY | HKSE: 6128), has entered into an exclusive non-binding memorandum of understanding (MOU) with the Municipal Government of Mashan District, Jixi City, Heilongjiang, PRC (the “Jixi Mashan Government”) with the intention of expanding its graphite processing and production capacity within the Jixi Mashan Graphite Industrial Park. Graphex currently produces 10,000 metric tons per annum (TPA) of high-purity spherical graphite (SG) at its existing facilities in Jixi. The SG is further upgraded with pitch coating to exacting specifications at nearby facilities to create the coated spherical graphite (CSG) that provides the optimum electrical properties for use in Lithium-ion (Li-ion) batteries. The expansion delineated in the MOU will allow Graphex to ramp up its annual production level of SG from 10,000 TPA to 40,000 TPA and create in-house production of an additional 10,000 TPA of CSG over and above its existing offsite CSG capabilities. Phase 1 of the SG expansion is intended to be operational by early 2023.

Under the MOU for the intended expansion plans, the Jixi Mashan Government would provide Graphex with three blocks of newly constructed industrial facilities and workshops totaling approximately 160,000 square feet within the Jixi Mashan Graphite Industrial Park. The Jixi Mashan Government will also assist Graphex in the site selection process, preliminary approval, policy support, and will coordinate with relevant governmental departments in support of the proposed project. Graphex will be responsible to obtain all appropriate approvals for the development and construction of the project as well as the costs of the facility construction. The final site selection for the project will be subject to final approval.

CSG is the principal anode material used in lithium-ion (Li-ion) batteries for electric vehicles (EVs), renewable energy storage, and other use cases. Over the next ten years, analysts forecast EV sales to increase more than 29%. Global EV sales are expected to increase from about 2.5 million in 2020 to 11.2 million in 2025, and triple to 31.1 million by 2030. By 2030, it is also expected that EVs will represent approximately 32% of the total market share for new car sales. As plans for new battery gigafactories continue to rise to meet the increasing demand for EVs, the demand for the component materials such as CSG is also expected to increase.

Graphex’s announcement of its plans to increase SG and CSG production in Jixi supports its recent announcement of its plans to construct a CSG production facility in the U.S. as well as its announcement of an agreement with Desatec to accelerate distribution of its products and production capabilities globally.

“As EV projections increase, capacity for SG and CSG processing will need to increase in parallel to support the demand. The MOU with the Jixi Mashan Government, coupled with our ability to export directly, will allow Graphex to invest in the growth of our proven manufacturing and production capacity to meet global demand in the near-term, and as we simultaneously endeavor to diversify our upstream raw material suppliers to include resources from other countries, we expect to deliver long-term, stable supply to our customers as demand increases in the future,” said John DeMaio, President of the Graphene Division of Graphex. “The graphite required for use in Li-ion batteries is highly specialized and quite challenging to produce at scale, making the mid-stream processes of spheronization, purification, and pitch coating as much an art as science. To create consistent, high-quality anode materials at high volumes and to be able to replicate that process globally requires the skill, experience, equipment, and technology that Graphex has acquired, developed, and perfected over more than a decade.”

Graphex is a global leader in the industry and has been proficient in graphite processing in Jixi since 2008 and transacting commercially since 2013. The Company’s senior executives include individuals with proven sophisticated knowledge and experience in the science and manufacturing methodology for producing SG and CSG at scale. Graphex’s technology is protected by 23 patents and utility models in PRC, covering processing equipment, manufacturing techniques and graphene applications. Through the announced expansion, Graphex intends to maintain its pivotal position as a dependable supplier in the anode material processing industry.

About Graphex Group
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 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 EV batteries and lithium-ion batteries for other use cases. With our current manufacturing facility in Heilongjiang Province, we are strategically located near one of the world’s largest high-quality sources of natural flake graphite raw material. Graphex Group is currently among the top suppliers of specialized spherical graphite to the EV and renewable energy industries and holds 23 patents in areas including products, production methods, machinery design and environmental protection.

Safe Harbor Statement
This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended (the ‘Securities Act’), and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act.

Statements about the Company’s future expectations and all other statements in this press release other than historical facts, are ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.

The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. Without limiting the foregoing, the planned construction of a facility is subject to construction and permitting delays as well as any other condition that materially impacts construction of a facility, including government approvals, financing and any litigation. When used in this document, the words ‘anticipate,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘plans,’ ‘projects,’ and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic 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 the Company, including but not limited to its American Depositary Shares.

Information made available on the Company’s website is not a part of any disclosure made or to be made by the Company with respect to any offer to sell or solicitation of an offer to purchase any securities of the Company and are not part of any filings by the Company with the U.S. Securities and Exchange Commission.

Media Inquiries:
FischTank PR
graphex@fischtankpr.com

A rising leader in graphene manufacturing for EV battery application is partnering with a global leader in industrial and chemical supply to leverage well-established international supply chains to support and accelerate Graphex’s expansion efforts and market reach to support worldwide EV proliferation

ROYAL OAK, Mich., Jan. 14, 2022 (GLOBE NEWSWIRE) — Graphex Group Limited (‘Graphex’ or the ‘Company’) (HKSE:6128)(OTCQX:GRFXY), a world leader in graphite, graphene technologies and products used in electric vehicle (EV) battery and energy storage production, has entered into an agreement with the German company Desatec GMBH (‘Desatec’), an associate member of the TESUCO Group of Companies and a leading supplier of certain industrial materials with a customer base that extends from Europe, North and South America to Asia. Under this agreement, Graphex and Desatec will jointly promote the processing and sale of graphite materials used in the production of battery anodes for electric vehicles (EVs) and to offer services utilizing Graphex’s technologies to downstream users to establish local manufacturing capabilities for graphite anode materials.

“We’re proud to work with an experienced partner in Desatec,” said John DeMaio, CEO of Graphex Technologies LLC, the U.S. subsidiary of Graphex Group. “With Desatec’s over 50 years of successful experience, this alliance will be an important catalyst to the continued success of Graphex. Their well-established supply chain stretches across the globe, and we look forward to leveraging our shared connections and expertise.”

Desatec has operated globally since 1969 and has well-established international supply chains that will support and accelerate Graphex’s imminent expansion efforts and market reach.

“Desatec and Graphex are a natural fit,” said Allan Caspi, Project Director of Desatec Graphite Division. “Our expertise in international supply chains as well as manufacturing, when paired with Graphex’s role in the EV battery market are a recipe for success. This synergistic partnership will help both companies to continue to expand.”

“Our investment into environmentally friendly alternatives continues,” said Oliver Gennies, Managing Director of Desatec GMBH. “Now with the quickly expanding market for electric vehicle battery materials and grid energy storage solutions, reliable raw materials availability and supply chain have become more critical than ever. Our agreement with Graphex will assist us to support our clients better as we jointly enter a new era of growth for the mobility and energy storage sectors overall.”

Graphex has previously announced its formation of its US subsidiary, Graphex Technologies, LLC to establish a US-based sales and marketing presence that includes the formation of strategic alliances regarding the supply of spherical natural graphite, synthetic graphite and graphene-related products to EV battery manufacturers and automakers in North America.

The anode of a typical EV battery for a sedan-size automobile requires approximately 70kg of battery anode material (BAM) – a combination of natural and synthetic graphite. Through 2021, Graphex has manufactured and sold over 10,000 metric tons per annum of natural spherical graphite primarily to automakers and battery manufacturers in mainland China. This represents about 5% of the entire supply in China and places Graphex in the top 5 producers of spherical graphite in the world.

Over the next three years, Graphex plans to increase its production capacity to over 40,000 tons per annum in China. In addition, in 2022 Graphex expects to include synthetic graphite in its BAM offering and plans to expand its operations geographically to include North America and Europe.

“The projected exponential increase in EV production over the next year and decade has already created strain on the supply chains of key component materials, including the graphite required for battery anodes,” said DeMaio. “By offering the full spectrum of battery anode materials coupled with our plans to co-locate production facilities in-country near the battery manufacturers and automakers in the US, Europe and other regions, we can deliver a long-term stable supply of quality components that are integral to the EV ecosystem.”

About Graphex Group
Graphex Group Limited has its principal offices and administers its office in Hong Kong and is 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 EV batteries, lithium-ion batteries and other use cases. With our current manufacturing facility in Heilongjiang Province, we are strategically located near one of the world’s largest supply of high-quality natural flake graphite mines for our raw material. Graphex Group is currently among the top suppliers of specialized spherical graphite to the EV and renewable energy industries. Graphex holds 23 patents in areas including products, production methods, machinery design and environmental protection.

About Desatec GmbH
Desatec was founded in Hamburg, Germany in 1969 and is an associate member of the TESUCO Group of Companies. Desatec’s roots were established within the Automotive Parts Supply market with strong relations having been maintained with the Automotive OEM producers and supply chain.

Desatec has continued to grow and is now one of the dominant suppliers in the Sodium methylate solution and powder markets and is an important supplier and sales partner particularly to the biodiesel industry. Desatec currently supplies both Sodium methylate solution and Sodium methylate powder to numerous customers in various industries and is well-established in the biodiesel industry as a reliable supplier of SMO/NM30.

Desatec’s worldwide customer base extends throughout Europe, Africa, Asia, and the Middle East.

Safe Harbor Statement
This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended (the ‘Securities Act’), and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act.

Statements about the Company’s future expectations and all other statements in this press release other than historical facts, are ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.

The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words ‘anticipate,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘plans,’ ‘projects,’ and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic 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 the Company, including but not limited to its American Depositary Shares.

Information made available on the Company’s website is not a part of any disclosure made or to be made by the Company with respect to any offer to sell or solicitation of an offer to purchase any securities of the Company and are not part of any filings by the Company with the U.S. Securities and Exchange Commission.

Media Inquiries
FischTank PR
graphex@fischtankpr.com

The U.S. subsidiary of world leader in graphene manufacturing for EV battery application will bring technology, jobs, and dependable supply chains to rapidly growing U.S. and European markets

ROYAL OAK, Mich., Dec. 20, 2021 (GLOBE NEWSWIRE) — Graphex Group Limited, a world leader in graphene technologies and products used in electric vehicle (EV) battery and energy storage production, is pleased to announce the formation of its U.S. subsidiary, Graphex Technologies LLC (Graphex), and the appointment of its new CEO. 

Graphex Group is one of the largest manufacturers of spherical graphite, a key material for production of lithium-ion battery cells used to form layers of graphene in the anode of lithium-ion battery cells. It currently leverages its high-volume manufacturing process and product technology, protected by 23 patents, for EVs manufactured and sold in Asia. Graphex Group’s manufacturing facility for spherical graphite is strategically located in Heilongjiang Province, an area rich in high-quality natural graphite reserves. Lithium-ion batteries are one of the most sought-after global technology components, as they are integral for electric vehicle and energy storage solutions needed to spur the clean energy transformation. They are also used in many other applications, including personal electronics such as mobile phones, laptops, and many other household items.

Following its U.S. market entry and the establishment of a manufacturing plant in 2022, Graphex intends to capitalize on the global demand for EV and stored energy lithium-ion batteries, especially in the U.S. and European markets. As both a technology and manufacturing company, it will also continue to identify and develop future graphene applications. The Company intends to build a manufacturing plant in the U.S. capable of producing 20,000 to 50,000 tons of coated natural graphite anode material annually.

John DeMaio has been appointed to the positions of CEO of Graphex Technologies and President, Graphene Division of Graphex Group Limited, the former of which represents the U.S. entity. In his new role, DeMaio will lead development and launch of key North American and European strategic alliances to support the strong increase in demand for advanced technology in the EV and renewable energy industries. DeMaio will advance opportunities to establish supply chains in the U.S. and Europe to bring technology, employment opportunities, and dependable supply to these high-growth markets.

“While we continue to grow our graphene business in Asia, home to one of the fastest-growing EV industries, the need for technologies that support EV and renewable energy is increasing around the world,” said Chan Yick Yan Andross, Chief Executive Officer and Director, Graphex Group Limited. “This is an opportune time to expand our international reach. We are excited to bring John onto our team to provide guidance to the parent organization and to lead Graphex Technologies LLC as we establish international supply chains and explore global partnerships, strategic alliances, scientific collaboration, and the potential to vertically integrate complementary businesses.”

DeMaio has held leadership positions including President and CEO of JouleSmart Solutions; General Manager of Siemens Smart Infrastructure; VP of MWH Global; COO of Thompson Solar Technologies; and Division Manager of SPG Solar. These roles range from successful startups to divisional and regional turnarounds at Fortune 50 companies. With over 20 years of experience in the energy and infrastructure sectors, DeMaio has developed and commercialized several new emerging market technologies, including first-in-kind photovoltaics, advanced waste-to-energy solutions, and Artificial Intelligence of Things platforms. 

“It is an honor to join this progressive organization and lead this team of wildly intelligent professionals who understand exactly what business we’re in and are committed to being the best at what we do,” said John DeMaio, CEO of Graphex Technologies LLC. “As an advanced technology company providing R&D and product innovations in EV battery tech and alternative energy production, storage, and delivery, Graphex is uniquely positioned for strong growth into markets outside of Asia. Our ability to deliver superior graphite and graphene-related products and technology today – while continuously innovating and expanding our offerings in advance of the evolving needs of tomorrow – will cement Graphex Group as a foundational force in the global energy transition.”

About Graphex Group Limited
Graphex Group Limited is 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 EV batteries, lithium-ion batteries, and other uses. Strategically located near the largest supply source of high-quality natural flake graphite in the world, Graphex Group is currently among the top suppliers of specialized spherical graphite to the EV and renewable energy industries. It plans to further secure and expand the upstream supply chain and increase delivery volume by 400 percent over the next three years to support the unprecedented proliferation of battery demand. Graphex holds 23 patents in areas including products, production methods, machinery design, and environmental protection.

Safe Harbor Statement
This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended (the ‘Securities Act’), and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act.

Statements about the Company’s future expectations and all other statements in this press release other than historical facts, are ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.

The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words ‘anticipate,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘plans,’ ‘projects,’ and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic 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 the Company, including but not limited to its American Depositary Shares.

Information made available on the Company’s above-referenced website is not a part of any disclosure made or to be made by the Company with respect to any offer to sell or solicitation of an offer to purchase any securities of the Company and are not party of any filings by the Company with the U.S. Securities and Exchange Commission.

Contact Information:
investrel@graphexgroup.com

Media inquiries
FischTank PR 
graphex@fischtankpr.com

The U.S. subsidiary of world leader in graphene manufacturing for EV battery application will bring technology, jobs, and dependable supply chains to rapidly growing U.S. and European markets

ROYAL OAK, Mich., Dec. 20, 2021 (GLOBE NEWSWIRE) — Graphex Group Limited (HKSE:6128)(OTCQX:GRFXY), a world leader in graphene technologies and products used in electric vehicle (EV) battery and energy storage production, is pleased to announce the formation of its U.S. subsidiary, Graphex Technologies LLC (Graphex), and the appointment of its new CEO. 

Graphex Group is one of the largest manufacturers of spherical graphite, a key material for production of lithium-ion battery cells used to form layers of graphene in the anode of lithium-ion battery cells. It currently leverages its high-volume manufacturing process and product technology, protected by 23 patents, for EVs manufactured and sold in Asia. Graphex Group’s manufacturing facility for spherical graphite is strategically located in Heilongjiang Province, an area rich in high-quality natural graphite reserves. Lithium-ion batteries are one of the most sought-after global technology components, as they are integral for electric vehicle and energy storage solutions needed to spur the clean energy transformation. They are also used in many other applications, including personal electronics such as mobile phones, laptops, and many other household items.

Following its U.S. market entry and the establishment of a manufacturing plant in 2022, Graphex intends to capitalize on the global demand for EV and stored energy lithium-ion batteries, especially in the U.S. and European markets. As both a technology and manufacturing company, it will also continue to identify and develop future graphene applications. The Company intends to build a manufacturing plant in the U.S. capable of producing 20,000 to 50,000 tons of coated natural graphite anode material annually.

John DeMaio has been appointed to the positions of CEO of Graphex Technologies and President, Graphene Division of Graphex Group Limited, the former of which represents the U.S. entity. In his new role, DeMaio will lead development and launch of key North American and European strategic alliances to support the strong increase in demand for advanced technology in the EV and renewable energy industries. DeMaio will advance opportunities to establish supply chains in the U.S. and Europe to bring technology, employment opportunities, and dependable supply to these high-growth markets.

“While we continue to grow our graphene business in Asia, home to one of the fastest-growing EV industries, the need for technologies that support EV and renewable energy is increasing around the world,” said Chan Yick Yan Andross, Chief Executive Officer and Director, Graphex Group Limited. “This is an opportune time to expand our international reach. We are excited to bring John onto our team to provide guidance to the parent organization and to lead Graphex Technologies LLC as we establish international supply chains and explore global partnerships, strategic alliances, scientific collaboration, and the potential to vertically integrate complementary businesses.”

DeMaio has held leadership positions including President and CEO of JouleSmart Solutions; General Manager of Siemens Smart Infrastructure; VP of MWH Global; COO of Thompson Solar Technologies; and Division Manager of SPG Solar. These roles range from successful startups to divisional and regional turnarounds at Fortune 50 companies. With over 20 years of experience in the energy and infrastructure sectors, DeMaio has developed and commercialized several new emerging market technologies, including first-in-kind photovoltaics, advanced waste-to-energy solutions, and Artificial Intelligence of Things platforms. 

“It is an honor to join this progressive organization and lead this team of wildly intelligent professionals who understand exactly what business we’re in and are committed to being the best at what we do,” said John DeMaio, CEO of Graphex Technologies LLC. “As an advanced technology company providing R&D and product innovations in EV battery tech and alternative energy production, storage, and delivery, Graphex is uniquely positioned for strong growth into markets outside of Asia. Our ability to deliver superior graphite and graphene-related products and technology today – while continuously innovating and expanding our offerings in advance of the evolving needs of tomorrow – will cement Graphex Group as a foundational force in the global energy transition.”

About Graphex Group Limited
Graphex Group Limited is 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 EV batteries, lithium-ion batteries, and other uses. Strategically located near the largest supply source of high-quality natural flake graphite in the world, Graphex Group is currently among the top suppliers of specialized spherical graphite to the EV and renewable energy industries. It plans to further secure and expand the upstream supply chain and increase delivery volume by 400 percent over the next three years to support the unprecedented proliferation of battery demand. Graphex holds 23 patents in areas including products, production methods, machinery design, and environmental protection.

Safe Harbor Statement
This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended (the ‘Securities Act’), and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act.

Statements about the Company’s future expectations and all other statements in this press release other than historical facts, are ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.

The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words ‘anticipate,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘plans,’ ‘projects,’ and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic 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 the Company, including but not limited to its American Depositary Shares.

Information made available on the Company’s above-referenced website is not a part of any disclosure made or to be made by the Company with respect to any offer to sell or solicitation of an offer to purchase any securities of the Company and are not party of any filings by the Company with the U.S. Securities and Exchange Commission.

Contact Information:
investrel@graphexgroup.com

Media inquiries
FischTank PR 
graphex@fischtankpr.com