A Successful Pilot Scale of High Quality Graphene Oxide Achieved by CHGI

SHANGHAI, Sept. 14, 2017 /PRNewswire/ -- China Carbon Graphite Group, Inc. (OTC: CHGI) ("China Carbon" or the "Company"), engaged in the research and development, production and sales of graphene and graphene oxide, today announced a pilot scale production of graphene oxide was successfully undertaken in an integrated process with Hunan University.

The Company has joinedwith Hunan University on the graphene research since 2012, and was able to previously make the graphene oxide in a multiple-step process. Now the Company integrates multiple steps into only one process in a less than medium pilot scale.

"We are pleased to achieve this great success. We believe it is an important milestone for the Company and it has laid a sound foundation, which enables us to take further steps so as to deploy a full automotive large scale pilot production in this industry field in the near future."said Donghai Yu, Chief Executive Officer of China Carbon. 

He continued "market demands of graphene are expected to be between $195 million to $1.3 billion with a compound growth rate of 47% in the next 5 years beginning from 2018. We plan to produce 10,000 metric tons of graphene oxide once we secure sufficient capital support."

About China Carbon Graphite Group, Inc.

China Carbon Graphite Group, Inc. (the "Company"), through its subsidiaries, Royal Elite New Energy Science and Technology (ShangHai) Co., Ltd., is engaged in the research and development, production and sales of graphene and graphene oxide and graphite bipolar plates in the People's Republic of China ("China" or the "PRC"). The Company has developed its own graphene prototype and produces the products by orders only. The Company outsources the production of large orders to third parties as it has not commercialized its product prototype. For more information, please visit www.chinacarboninc.com.

Contact:

Mr. Donghai Yu
Chief Executive Officer
China Carbon Graphite Group Inc.
909-843-6518 
ir@chinacarboninc.com

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SOURCE China Carbon Graphite Group, Inc.