On March 12, 2026, Graphjet Technology, a Cayman Islands exempted company, filed an 8-K report with the SEC announcing the resignation of four independent directors: Tan Song Jie, Chen Siow Woon, Ang Chee Yong, and Pwa Yee Guo. The company clarified that these resignations were not due to any disagreements with management or the board regarding the company's business, strategy, or governance. This development raises concerns about the company's governance structure and may impact investor confidence. The company has been under scrutiny since its suspension from trading on Nasdaq on November 13, 2025, which adds to the uncertainty surrounding its future operations and leadership stability. The filing also included standard disclosures regarding the company's address and contact information, but no significant financial updates were provided. Investors will be closely monitoring how this leadership change affects the company's strategic direction and operational execution moving forward.

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