J-Star’s Complaints Allege PwC Misrepresented Qualifications During J-Star’s IPO, Delaying Process and Resulting in Additional FeesTAICHUNG CITY, Taiwan, Jan. 22, 2026 (GLOBE NEWSWIRE) -- J-Star Holding Co., Ltd. (Nasdaq: YMAT) (“J-Star” or the “Company”), a leading provider of innovative carbon fiber and composite solutions serving diverse applications including personal sports equipment, healthcare products, automobile parts, resin systems, and research and development services, today announced that the C ...

Core Insights - J-Star Holding Co., Ltd. has signed a memorandum of understanding with Patriot Technology Responsibilities (PSSB) to develop advanced lightweight battery technology utilizing high-ion conductivity resins [1][2] Company Overview - J-Star is a leading provider of carbon fiber and composite solutions, serving various applications including sports equipment, healthcare products, and automotive parts [1] - The company has over 50 years of experience in the material composites industry and operates through subsidiaries in Taiwan, Hong Kong, and Samoa [4] Partnership Details - The collaboration with PSSB aims to create lightweight battery packages for drones and electric bikes, enhancing J-Star's market reach beyond sports and recreation [2][3] - PSSB is recognized for its innovative solid-state battery technology and has significant backing from the Industrial Technology Research Institute (ITRI) in Taiwan [3] Market Implications - This partnership is expected to expand J-Star's addressable market and strengthen relationships with industry leaders in Taiwan, particularly in the electric mobility and automotive sectors [3]

Core Viewpoint - J-Star Holding Co., Ltd. is strategically exiting its China operations to focus on expansion in the United States, automation-driven manufacturing, and innovation-led growth in response to geopolitical uncertainties and evolving regulatory dynamics in China [1][2][3]. Strategic Rationale and Key Initiatives - The company plans to establish its first automated production line in the United States while significantly reducing its activities in China, aligning with its long-term vision of high-value innovation [3][6]. - J-Star will write off two minority manufacturing investments in China, valued at approximately US$1.7 million, and dissolve its wholly owned subsidiary, Bohong Technology Jiangsu Co., Ltd., which has no active operations [5]. - The company will retain Dongguan Changrong New Material Technology Co., Ltd. for limited trading purposes during the transition [5]. - Management believes these actions will enhance operational flexibility and position the company for sustainable long-term growth, particularly in the U.S. market [6]. Focus Areas - J-Star is transitioning away from traditional OEM manufacturing in China, emphasizing proprietary design, research and development, and intellectual property creation [7]. - The company is preparing to develop its first automated production line in the U.S. to improve efficiency and supply-chain resilience [7]. - J-Star will adopt an asset-light operating model by leveraging third-party manufacturers for production, ensuring competitive costs while maintaining quality [7]. - Resources will be reallocated towards advanced material development, product design, and automation capabilities, which are seen as central to the company's long-term competitive advantage [7].

Core Viewpoint - J-Star Holding Co., Ltd. has launched the ER-01, a carbon fiber fat-tire electric assist bicycle under its LITZMO brand, aiming to redefine urban mobility with innovative design and technology [1][3]. Product Features - The ER-01 is designed with a lightweight carbon fiber construction, weighing only 27 kg, making it one of the lightest e-bikes in its class [2]. - It features a fully carbon-fiber construction across the frame, fork, and handlebar, enhancing agility and riding comfort [2][8]. - The bike is equipped with smart features through the SMART Z App, allowing users to track their bike, monitor battery status, and activate anti-theft measures [8]. Performance Specifications - The ER-01 is powered by a dedicated hub motor and a removable battery, offering a range of up to 100 km and a maximum assisted speed of 25 km/h [8]. - The design includes fat tires for stability while maintaining a lightweight structure, facilitating easy handling in urban environments [8]. Brand and Company Background - J-Star Holding Co., Ltd. has over 50 years of experience in the material composites industry, focusing on carbon reinforcement and resin systems [6]. - LITZMO aims to redefine urban transportation by integrating carbon fiber engineering with smart connectivity, promoting sustainable development [7].

TAICHUNG CITY, Taiwan, Dec. 23, 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 serving diverse applications including personal sports equipment, healthcare products, automobile parts, resin systems, and research and development services, today announced that its premium urban mobility brand, LITZMO, has unveiled what is believed to be one of the world’s first carbon fiber fat-tire electric as ...

Core Insights - J-Star Holding Co., Ltd. reported strong financial results for the first half of 2025, with revenue growth of over 30% driven by significant increases in rackets and technical services [3][4] - The company is transitioning from a traditional OEM model to a solutions provider, focusing on high-growth markets such as rackets and direct-to-consumer strategies [3][4] Financial Performance - Total revenue for 1H 2025 was $10.6 million, a 30.7% increase from $8.1 million in 1H 2024 [4][6] - Gross profit was $2.8 million, resulting in a gross margin of 26.9%, down from 30.2% in 1H 2024, primarily due to changes in the business model [5][6] - Operating expenses rose by 47.6% to $2.7 million, influenced by higher administrative and R&D costs [6][7] - The company achieved a net operating profit of $154,000, a decrease of 75.3% compared to $623,000 in 1H 2024, and a profit after income tax of $5,000, down from $479,000 [6][7] Strategic Developments - J-Star is preparing to launch a line of in-house pickleball paddles as part of its direct-to-consumer strategy, targeting the rapidly growing pickleball market [3][4] - The company has partnered with cycling industry veterans to establish a new premium carbon fiber components brand, QO Bikes, and is encouraged by initial market responses [3][4] - Plans are in place to establish U.S.-based manufacturing capabilities to enhance inventory management and reduce costs, particularly for the pickleball market [3][4] Cash Position - As of June 30, 2025, cash and cash equivalents stood at $909,995, an increase from $649,106 at the end of 2024 [8]

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].