TAICHUNG CITY, Taiwan, Dec. 16, 2025 (GLOBE NEWSWIRE) -- J-Star Holding Co., Ltd. (Nasdaq: YMAT) (“J-Star” or the “Company”), a leading provider of innovative carbon fiber and composite solutions across a wide range of applications including personal sports equipment, healthcare products, automobile parts, resin systems, and research and development services, today announced it has received a letter of noncompliance from The Nasdaq Stock Market LLC ("Nasdaq"), dated December 12, 2025, notifying the Company ...

Core Viewpoint - J-Star Holding Co., Ltd. announced the results of its 2025 general meeting of shareholders, where significant proposals were approved, including a reclassification of shares and an increase in authorized share capital [1][2]. Group 1: Shareholder Meeting Outcomes - Shareholders approved the filing of the Fifth Restated M&A with the Registrar of Companies of the Cayman Islands, expected to occur on December 10, 2025, with trading of re-classified Class A Ordinary Shares anticipated to begin on or around December 11, 2025 [2]. - The Company will undergo a Share Capital Reorganisation, which includes re-designating 17,200,387 issued ordinary shares as Class A Ordinary Shares and creating 6,097,183 Class B Ordinary Shares, each entitled to ten votes [5]. Group 2: Share Capital Changes - The authorized share capital will increase from US$17,500,000 to US$65,000,000, with the creation of additional Class A and Class B Ordinary Shares [5]. - The Company plans to repurchase a total of 6,097,183 Class A Ordinary Shares from specific shareholders and issue an equivalent number of Class B Ordinary Shares [5]. Group 3: Company Overview - J-Star Holding Co., Ltd. is a leading provider of carbon fiber and composite solutions, with over 50 years of experience in the material composites industry, focusing on various applications including sports equipment, healthcare products, and automobile parts [3].

Core Viewpoint - J-Star Holding Co., Ltd. announced the results of its 2025 general meeting of shareholders, where significant proposals were approved, including a reclassification of shares and an increase in authorized share capital [1][2]. Group 1: Shareholder Meeting Outcomes - Shareholders approved the filing of the Fifth Restated M&A with the Registrar of Companies of the Cayman Islands, expected to occur on December 10, 2025 [2]. - The re-classified Class A Ordinary Shares are anticipated to commence trading on Nasdaq around December 11, 2025 [2]. Group 2: Share Capital Reorganization - The Company will re-designate and re-classify 17,200,387 issued ordinary shares as Class A Ordinary Shares, maintaining existing rights [5]. - 11,702,430 authorized but unissued Ordinary Shares will also be re-designated as Class A Ordinary Shares [5]. - The Company will cancel 6,097,183 authorized but unissued Ordinary Shares and create an equal number of Class B Ordinary Shares, each entitled to ten votes [5]. - Following the reorganization, the authorized share capital will increase from US$17,500,000 to US$65,000,000, with the creation of additional Class A and Class B Ordinary Shares [5]. Group 3: Adoption of New Governance Documents - The Fifth Amended and Restated Memorandum and Articles of Association will be adopted immediately after the Share Capital Reorganization and Increase of Authorized Share Capital [5]. Group 4: Share Repurchase and Issuance - The Company plans to repurchase 4,888,092 Class A Ordinary Shares from New Moon Corporation and 1,209,091 Class A Ordinary Shares from Mr. Jing-Bin Chiang, issuing an equivalent number of Class B Ordinary Shares to both parties [5].

Core Viewpoint - J-Star Holding Co., Ltd. will hold its 2025 annual general meeting of shareholders on December 9, 2025, to discuss various business items including share capital reorganization and amendments to the company's articles of association [1][2]. Group 1: Meeting Details - The AGM is scheduled for December 9, 2025, at 10:30 p.m. Taiwan time at the J-Star offices in Taichung City, Taiwan [1]. - Shareholders of record as of November 3, 2025, are invited to attend the meeting in person, with provisions for those unable to attend to ensure representation [3]. Group 2: Business Items for Consideration - The Board of Directors recommends shareholders vote FOR the proposed items, which include a share capital reorganization involving the re-designation of existing shares and the creation of new Class A and Class B Ordinary Shares [5]. - The authorized share capital will be increased from US$17,500,000 to US$65,000,000, creating additional Class A and Class B Ordinary Shares [5]. - A special resolution will be proposed to adopt the Fifth Amended and Restated Memorandum and Articles of Association of the Company [5]. - The company plans to repurchase shares from New Moon Corporation and Mr. Jing-Bin Chiang, issuing Class B Ordinary Shares in exchange [5]. - The chairman will be authorized to adjourn the meeting if there are insufficient votes to approve the proposed items [5]. Group 3: Company Background - J-Star Holding Co., Ltd. is a leading provider of carbon fiber and composite solutions, with over 50 years of experience in the material composites industry [5][6]. - The company operates through subsidiaries in Taiwan, Hong Kong, and Samoa, focusing on lightweight, high-performance carbon composite products for various applications [6].

Core Insights - J-Star Holding Co., Ltd. has received official approval from the USA Pickleball Association (USAPA) for its second proprietary pickleball paddle, Supernova, which is now certified for sanctioned play [1][2] - The Supernova paddle is designed for competitive players, featuring a long-body design that enhances reach, power, and precision, and is available in three color options: green, red, and pink [2] - The approval of Supernova highlights J-Star's commitment to innovation in carbon fiber applications and its expanding presence in the sports equipment market [2][3] Company Overview - J-Star is a leading provider of carbon fiber and composite solutions, with a focus on various applications including sports equipment, healthcare products, and automobile parts [1][5] - The company has over 50 years of experience in the material composites industry and operates through subsidiaries in Taiwan, Hong Kong, and Samoa [5] - J-Star's expertise allows it to design and manufacture a wide range of lightweight, high-performance carbon composite products [5] Strategic Market Focus - J-Star recognizes Vietnam as a strategically important market for its carbon fiber products, actively exploring opportunities to meet the growing international demand for advanced composite materials [4]

Group 1 - The top five gaining Chinese concept stocks at closing were: Meiyan Tang up 46.95%, Xingji Fashion up 34.47%, 707 Cayman Holdings up 27.28%, Quhuo up 25.5%, and J-Star Holding up 22.36% [1] - Meiyan Tang (MCTA) closed at 14.210 with a gain of 46.95%, increasing by 4.540, and had a trading volume of 12.77 million [1] - Xingji Fashion (STFS) closed at 0.2138 with a gain of 34.47%, increasing by 0.0548, and had a trading volume of 6.29 million [1] - 707 Cayman Holdings (JEM) closed at 0.3761 with a gain of 27.28%, increasing by 0.0806, and had a trading volume of 19.21 million [1] - Quhuo (QH) closed at 8.120 with a gain of 25.5%, increasing by 1.650, and had a trading volume of 2.68 million [1] - J-Star Holding (YMAT) closed at 1.0500 with a gain of 22.36%, increasing by 0.1919, and had a trading volume of 37.19 million [1]

Core Insights - The article highlights a landmark partnership between Nasdaq and the Ho Chi Minh City leadership, aimed at developing a Vietnam International Financial Center (IFC) in Ho Chi Minh City, which aligns with J-Star's growth plans in the region [6][9][13] Company Overview - J-Star Holding Co., Ltd. is a leading provider of innovative carbon fiber and composite solutions, with applications in personal sports equipment, healthcare products, automobile parts, and more [6][15] - The company has over 50 years of experience in the material composites industry and operates through subsidiaries in Taiwan, Hong Kong, and Samoa [15] Strategic Partnership - The Memorandum of Understanding (MoU) between Nasdaq and Ho Chi Minh City is designed to enhance economic cooperation and attract international investment, particularly in advanced materials and sustainable technologies [6][9][13] - Nasdaq will provide training, technology transfer, and support for global investment flows into Vietnam as part of the MoU [13] Market Potential - Vietnam is viewed as a high-potential market for J-Star's carbon fiber innovations, especially in sectors requiring lightweight and high-strength composites [8] - The rapid modernization of Vietnam's infrastructure and manufacturing sectors creates a conducive environment for J-Star's R&D and production [8] Pickleball Market Growth - The popularity of pickleball in Vietnam is increasing, with tens of thousands of participants, particularly in major cities [11] - The demand for premium composite paddles is expected to rise as the sport grows, positioning J-Star to capitalize on this trend with advanced materials [12] Economic Impact - The establishment of the IFC is anticipated to accelerate capital flows and technology transfer, enhancing Vietnam's attractiveness as a hub for advanced materials and high-value manufacturing [9][13]

Company Overview - J-Star Holding Co., Ltd. is a leading provider of innovative carbon fiber and composite solutions, with applications in personal sports equipment, healthcare products, automobile parts, resin systems, and R&D services [1][6] - The company has over 50 years of experience in the material composites industry and operates through subsidiaries in Taiwan, Hong Kong, and Samoa [6] Product Launch - J-Star has launched its first company-owned brand pickleball paddle, named Horizon, which has received official approval from the USA Pickleball Association (USAPA) for sanctioned play [1][3] - The Horizon paddle is designed for players of all levels, featuring lightweight Japanese carbon fiber, thermoformed foam walls for shock absorption, and a soft honeycomb core for control [3] Market Context - Pickleball is recognized as North America's fastest-growing sport, with 19.8 million Americans participating, reflecting a 46% increase from 2023 and a 311% growth over the past three years [4] - This marks the fourth consecutive year that pickleball has been the fastest-growing sport among 124 tracked sports, fitness, and outdoor activities [4] Strategic Importance - The launch of the Horizon paddle marks a significant milestone in J-Star's direct-to-consumer strategy, as it enters the pickleball market under its own brand for the first time [2][3] - The company aims to leverage its extensive experience in racquet manufacturing, having produced over 45 million racquets, to capture the growing demand in the pickleball segment [3]

Core Insights - J-Star Holding Co., Ltd. has launched its first company-owned brand pickleball paddle, Horizon, which has received official approval from the USA Pickleball Association for sanctioned play [1][3] - The launch of Horizon marks a significant milestone for J-Star's direct-to-consumer strategy, as it enters the pickleball market under its own brand for the first time [2] Product Details - The Horizon paddle is designed for players of all levels, featuring lightweight Japanese carbon fiber, thermoformed foam walls for shock absorption, and a soft honeycomb core for control [3] - The paddle's edgeless design maximizes the hitting area, and it is available in three color options: orange, pink, and yellow [3] Market Context - Pickleball is recognized as North America's fastest-growing sport, with 19.8 million Americans participating, reflecting a 46% increase from 2023 and a 311% growth over the past three years [4] - This growth trend has been consistent, marking the fourth consecutive year that pickleball has been the fastest-growing sport among 124 tracked activities [4] Company Background - J-Star Holding Co., Ltd. has over 50 years of experience in the material composites industry, developing and commercializing technology related to carbon reinforcement and resin systems [6] - The company operates through subsidiaries in Taiwan, Hong Kong, and Samoa, focusing on a variety of high-performance carbon composite products [6]

Core Insights - J-Star Holding Co., Ltd. has appointed Sam Van as the new CEO, effective October 1, succeeding Jonathan Chiang, who will remain as Chairman of the Board [1][4] - The company is at a critical juncture following its recent IPO, with plans to optimize its manufacturing facility in Taiwan and expand into the U.S. market [2][5] - Under Mr. Van's leadership, J-Star aims to accelerate growth through both organic means and strategic mergers and acquisitions [2] Company Overview - J-Star is a leading provider of carbon fiber and composite solutions, serving various sectors including sports equipment, healthcare, and automotive parts [1][5] - The company has over 50 years of experience in the material composites industry and operates through subsidiaries in Taiwan, Hong Kong, and Samoa [5] Leadership Background - Sam Van has extensive experience in capital markets and has assisted over 70 companies with IPOs, including listings on major exchanges [3] - His previous roles include CEO of SRO Partners and senior positions at the New York Stock Exchange and FINRA [3] Strategic Vision - The new CEO emphasizes the importance of innovation and engineering excellence, aiming to enhance J-Star's global presence and create long-term shareholder value [4] - The company is launching its own brands of sporting goods and electric bicycles as part of its growth strategy [2]