China Carbon Applies for Patent on Recently Invented Graphene Paste Product that Replaces Graphite Powder

SHANGHAI, CHINA / ACCESSWIRE / March 24, 2021 / China Carbon Graphite Group, Inc. (OTC PINK:CHGI) ("China Carbon" or the "Company") today announced that together with the research and development team of its subsidiary, Royal Elite New Energy Science and Technology (Shanghai) Co., Ltd. ("Roycarbon"), the company has officially applied for patent on its latest graphene-based invention, a graphene paste product that shows higher affinity to copper and better heat conductivity than graphite powder has in heating systems.

"This marks only the beginning of our current research projects and joint projects in discovering the most technologically advanced application of graphene in the latest and upcoming heating as well as electrical systems," said Donghai Yu, CEO of the Company.

About China Carbon Graphite Group, Inc.

China Carbon Graphite Group, Inc. (the "Company"), through its subsidiaries, is engaged in the sales of graphene and graphene oxide and graphite bipolar plates in the People's Republic of China ("China" or the "PRC"). We also operate a business-to- business and business-to-consumers Internet portal (www.roycarbon.com) for graphite related products. The Company supplies end-users in graphite application zones including industries of steel, metallurgy, non-ferrous, PV, energy storage, optical fiber, semiconductor, chemicals. In addition, through its sales channels, the Company supplies special graphite blocks & rods, graphite electrodes, precision machined graphite parts & components, bipolar graphite plates, graphite oxide & graphene.

Safe Harbor Statement

This news release contains forward-looking statements. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict and many of which are beyond the control of China Carbon. Actual results may differ from those projected in the forward-looking statements due to risks and uncertainties, as well as other risk factors that are described more fully in China Carbon's annual report on Form 10-K that was filed with the SEC. Although China Carbon believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by China Carbon or any other person that their objectives or plans will be achieved. China Carbon does not undertake any obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events

Contact:

China Carbon Graphite Group Inc.

[email protected]

SOURCE: China Carbon Graphite Group Inc.