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Graphex Group Launches Enhanced Website

GRFX

New website is part of corporate rebrand of Earthasia International Holdings Ltd.

NEW YORK, NY / ACCESSWIRE / February 16, 2021 / Earthasia International Holdings Limited (the "Company") ("Earthasia") ("Graphex Group")(OTCQX:ETIHY) HKEx: 6128) has released an updated corporate website at www.graphexgroup.com.The website has been redesigned as part of an ongoing company-wide rebrand and to reflect the Company's increasing focus on its graphene business. In order to provide improved access to Company information the website has been optimized for both desktop and mobile viewing.

"With the growth across both the graphene and the renewable energy industry happening so fast, we want to make clear our support of this transformation with our dedication to enhancing our website" said Chan Yick Yan Andross, Chief Executive Officer and Director, Earthasia International Holdings Ltd.. "We also want to make it as easy as possible for people to learn all about the history and the exciting future of our Company."

The Company's Board recently proposed to change its name from Earthasia International Holdings Ltd. to Graphex Group Limited and has successfully completed the name change of its Chinese subsidiaries to Graphex Technologies China Limited and Graphex Technologies Heilongjiang Limited ("Graphex Technologies"). The renaming is the first part of a Company-wide rebrand being undertaken to accurately reflect the Company's focus on graphene research, manufacturing, and development.

Earthasia's International Holdings' transition to Graphex Group solidifies the Company's focus on the exploration, creation and implementation of the highest quality graphene-related products to be used in the manufacturing of lithium-ion batteries for electric and hybrid vehicles and grid storage solutions and other products.

The decision to undertake a corporate rebranding was made following the announcement that accomplished leader Dan Nye has joined the Company as Chief Strategy Officer. Dan has more than 20 years experience, both as a business leader structuring and building robust, cohesive business teams and helping growth companies achieve their goals.

The Company believes that the graphene market will see double-digit growth as the electric vehicle (EV) industry continues to make inroads in Graphex's home market of China and globally. "Due to the sector's significant growth potential, we are focused on graphene as the centerpiece of a revised business strategy," said Mr. Chan. "We will continue focus on improving our ability to refine graphite and have in place a strategy to increase production capacity and expand our product mix while maintaining a cost advantage."

Graphex currently manufactures a number of graphene products, led by spherical graphite, a crucial ingredient for the efficient operation of lithium-ion batteries. The Company holds 25 graphene-related patents and utility models including a patented production method of producing ultra-fine spherical graphite, which has demonstrated much-improved performance in terms of energy storage.

"Combined with our proximity to one of earth's largest discovered graphite mines, we are uniquely adept at providing the requisite materials to enable our continued growth supporting the development of the latest renewable energy products," said Mr. Chan.

According to the USGS, Mineral Commodity Summaries 2020, it was estimated that in 2019 almost 75 per cent of the world's graphite (700,000 metric tons) was produced in People's Republic of China According to the Benchmark Mineral Intelligence May 7, 2020 Editorial, Heilongjiang Province is the main supply source for natural spherical graphite in China.

About Earthasia International Holdings Ltd.

Earthasia International Holdings Ltd. is a publicly traded company, listed on the Hong Kong Stock Exchange and the OTCQX Best Market. Based in the People's Republic of China (PRC), and strategically located near the largest supply source of high quality natural graphite anywhere in the world, the Company is a leading supplier of graphene products. Earthasia owns 25 graphene-related patents in the PRC, including products, production methods, machinery design, and environmental protection. The Company's spherical graphite is an essential anode material for lithium-ion batteries.

Media Contact
Gavin Davidson

investrel@earthasia.com.hk

This release may contain certain forward-looking statements regarding our prospective performance and strategies within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and are including this statement for purposes of said safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of our company, are generally identified by use of words "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "seek," "strive," "try," or future or conditional verbs such as "could," "may," "should," "will," "would," or similar expressions. The Company's ability to predict results or the actual effects of its plans or strategies is inherently uncertain and based, in part, on third party market research which the Company's assumed to be accurate. Accordingly, actual results may differ materially from anticipated results. Some of the factors that could cause the Company's actual results to differ from its expectations or beliefs include, without limitation, the risks of its businesses, the assumed significant growth of graphene related products and spherical graphite products. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company does not undertake any obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.

This communication is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to purchase any securities of the Company, including but not limited to its American Depositary Receipts.

Information made available on the Company's above-referenced website is not a part of any disclosure made or to be made by the Company with respect to any offer to sell or solicitation of an offer to purchase any securities of the Company and are not party of any filings by the Company with the U.S. Securities and Exchange Commission.

SOURCE: Earthasia International Holdings Ltd



View source version on accesswire.com:
https://www.accesswire.com/629886/Graphex-Group-Launches-Enhanced-Website

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