Mr. Craig Nicol reports

GRAPHENE MANUFACTURING GROUP APPOINTS FORMER WALL STREET VETERAN AND MANUFACTURING ENTREPRENEUR JACK PERKOWSKI TO ITS BOARD OF DIRECTORS

Jack Perkowski, based in New Jersey, United States, has joined Graphene Manufacturing Group Ltd.'s board of directors, effective Sept. 7, 2023.

Mr Perkowski founded ASIMCO Technologies in 1994, and from 1994 to 2008, served as the Chairman of ASIMCO's Board of Directors and the company's Chief Executive Officer. Under Mr Perkowski's leadership, ASIMCO became one of the most important players in China's automotive components industry and gained a reputation for developing local management and integrating a broad-based China operation into the global economy. ASIMCO was later sold to Bain Capital in 2010 and is still regarded as one of the most successful automotive component manufacturing companies in China. Prior to moving to China, Mr Perkowski worked for twenty years on Wall Street where he was the head of Investment Banking at Paine Webber, a major securities firm that was eventually acquired by UBS in 2000. After leaving ASIMCO, Mr Perkowski founded JFP Holdings, a merchant banking firm focused on China, where he now serves as Chairman.

GMG's CEO Craig Nicol stated, "I'm very excited to see Jack joining as a Director of the Company to support our progression into a commercial manufacturing operation - his finance and manufacturing entrepreneur experience and knowledge will be a great addition to the company and board - I very much look forward to working with him."

Guy Outen, GMG's Chair added, "I'm delighted to welcome Jack to the board. His past successes at Paine Webber and ASIMCO and his knowledge in manufacturing and finance give me confidence that he will be a great asset to the board and in supporting GMG's significant aspirations."

About GMG

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, with low cost inputs, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").

We seek Safe Harbor.