Graphjet Technology announces resignation of four independent directors

Graphjet Technology (formerly NASDAQ:GTIJF) reported the resignation of four independent directors, Tan Song Jie, Chen Siow Woon, Ang Chee Yong, and Pwa Yee Guo, effective March 12, 2026. According to a statement in the company’s SEC filing, the resignations were not due to any disagreement with management, operations, policies, or the board of directors regarding company business, strategy, or governance.

The company, incorporated in the Cayman Islands and operating in the electrical industrial apparatus sector, noted in the filing that it is currently suspended from trading on Nasdaq, with the suspension having taken effect on November 13, 2025.

Graphjet Technology’s principal executive offices are located in Malaysia. The company identified itself as an emerging growth company in the filing.

This information is based on a press release statement contained in the company’s Form 8-K filed with the Securities and Exchange Commission.

In other recent news, KB Financial Group disclosed audit reports for its subsidiary, Kookmin Bank, covering the fiscal year 2025. These reports, prepared by Samil PricewaterhouseCoopers, adhere to International Financial Reporting Standards as adopted in Korea and include both consolidated and separate financial statements. Meanwhile, Ascendis Pharma announced the granting of 22,480 warrants to certain employees, with an exercise price of $240.52 per share. The vesting schedule includes 25% on the first anniversary of the grant and the remaining 75% in equal monthly installments over the next three years.

ON Semiconductor Corporation reported the resignation of Simon Keeton, the Group President of its Power Solutions Group, effective June 30, 2026. Keeton will step down from officer roles immediately but will remain with the company to aid in the transition. Additionally, Royal Bank of Canada has distributed its Notice of Annual Meeting and Management Proxy Circular to shareholders, detailing the 2026 Annual Meeting of Common Shareholders. Lastly, Webuy Global completed the conversion of convertible loans into 376,413 Class A ordinary shares, representing approximately 10.56% of its outstanding shares, following agreements with lenders Hong Haicheng and Chen Yonglong.

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