Mr. Craig Nicol reports

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

Graphene Manufacturing Group Ltd. director Jack Perkowski, based in New Jersey, United States, is appointed by the company's board of directors as chairman of the board, effective Oct. 24, 2023.

Upon graduation from Yale and the Harvard Business School, Mr. Perkowski spent 20 years on Wall Street as head of investment banking at Paine Webber, a major securities firm that was eventually acquired by UBS in 2000. In 1991, Mr. Perkowski moved to Hong Kong in order to focus on the development of Asia and China, and in 1994 founded Beijing-based ASIMCO Technologies. From 1994 to 2008, Mr. Perkowski served as the chairman of ASIMCO's board of directors and the company's chief executive officer, building ASIMCO into one of the most important players in China's automotive components industry. Under Mr. Perkowski's leadership, ASIMCO gained a reputation for developing local management and integrating a broad-based China operation into the global economy. ASIMCO was later sold to a private equity firm in 2010 and is still regarded as one of the most successful automotive component manufacturing companies in China. Upon leaving ASIMCO, Mr. Perkowski founded JFP Holdings, a merchant banking firm focused on China, where he now serves as chairman.

Graphene Manufacturing's CEO, Craig Nicol, stated: "I'm very excited to see Jack becoming chair of the board of directors of the company to support our progression into a commercial manufacturing operation. It is very clear North America is of strategic importance for GMG for capital markets, end product markets and also potential future operational projects -- and so I very much look forward to working with Jack -- being based in the USA -- to support our transition into an Australian and North American commercial manufacturing operation. I also want to thank Guy Outen for his role as chair of the board of directors for the past four years -- including his work as audit committee chair."

Mr. Perkowski, Graphene Manufacturing's chair, added: "I'm delighted to be appointed by my fellow directors to chair of the board of the company. I look forward to leading the board into the next phase of the company's development cycle into a commercial manufacturing operation -- especially with focus on North American markets for capital and our products and the potential for Australian and North American operational projects. I also look forward to working with Craig in this endeavour and I thank Guy for his work to date as chair of the board for the past four years."

Graphene Manufacturing's four critical business objectives remain to:

1. Produce graphene and improve/scale the production process;
2. Build revenue from energy savings products;
3. Develop next-generation battery;
4. Develop supply chain, partners and project execution capability.

About Graphene Manufacturing Group Ltd.

Graphene Manufacturing 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.

We seek Safe Harbor.