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Posted 19 April, 2024

GRAPHJET TECHNOLOGY appointed new CEO

CEO Change detected for ticker Nasdaq:GTI in a 8-K filed on 19 April, 2024.


  On April 18, 2024, the Board determined that upon Ms. Kuen' resignation on April 18, 2024, Aiden Lee Ping Wei ("Mr. Aiden Lee"), the Company's current Chief Executive Officer and director, will serve as the Company's interim CFO and will assume the roles of principal financial officer and principal accounting officer.  

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Overview of GRAPHJET TECHNOLOGY
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Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On April 18, 2024, Graphjet Technology (the "Company"), received a notice from Tham Choi Kuen ("Ms. Kuen"), who served as the Chief Financial Officer (the "CFO") of the Company, of her decision to resign as the CFO of the Company due to health reasons effective immediately. In her role as the CFO, Ms. Kuen has served as the Company's principal financial officer and principal accounting officer. Her resignation is not the result of any dispute or disagreement with the Company, the Company's management, or the Boards on any matter relating to the Company's operations, policies or practices.


On April 18, 2024, the Board determined that upon Ms. Kuen' resignation on April 18, 2024, Aiden Lee Ping Wei ("Mr. Aiden Lee"), the Company's current Chief Executive Officer and director, will serve as the Company's interim CFO and will assume the roles of principal financial officer and principal accounting officer. The Company is conducting a search for a permanent CFO.


Mr. Aiden Lee, age 35, is the Chief Executive Officer of the Company. Mr. Aiden Lee has served as Graphjet Sdn. Bhd. Technology Chief Executive Officer and Executive Director since its inception. Previously, Mr. Aiden Lee served as a director at MW Renewable Energy Solutions Sdn Bhd, a renewable energy company focusing on providing engineering, procurement, construction and commissioning ("EPCC") and advisory services to customers, including private and government agencies, from June 2017 to January 2020. In addition, Mr. Aiden Lee has served as a member of the board of directors of HB Global Ltd. and Sand Nisko Capital Bhd. (KLSE: SNC) since February 2022 and March 2021, respectively. From December 2017 to July 2020, he served as a director at C&M Renewable Energy Technology Sdn. Bhd., a company that provides engineering services, EPCC, advisory works, designs and builds businesses with more than RM200 million projects with local companies as well as prestigious universities in Malaysia, involving renewable energies. Mr. Aiden Lee has more than 10 years of experience in engineering, construction, property development, telecommunications, energy and utilities industries serving in various capacities as Project Director and Corporate Finance Director of various listed companies handling corporate finance and group finance. He was the Director and Managing Director of several local energy and utilities companies. He has managed and completed billions worth of highly claimed projects in China, Hong Kong and Malaysia. Mr. Aiden Lee graduated from Tunku Abdul Rahman University College with a degree in E-Commerce and Marketing and advanced degree in Corporate Finance from Tunku Abdul Rahman University College as well.


Mr. Aiden Lee has no family relationship with any director or executive officer of the Company and has not been a party to any transaction with the Company that is required to be reported in this Current Report on Form 8-K.


As of the date of this report, no new compensatory arrangements have been entered into in connection with the appointment of Mr. Aiden Lee as interim Chief Financial Officer.


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