J-Star Subsidiary Secures Central Bank of Taiwan Approval for $60 Million Sovereign-Backed Financing to Fund $122.5 Million U.S. Solid-State Battery Plant in Baytown, Texas

(SeaPRwire) –   This funding framework will back the creation of a $122.5 million advanced battery production plant in Baytown, Texas, operated by YMA(TX) INC.

TAICHUNG CITY, Taiwan, May 26, 2026 — J-Star Holding Co., Ltd. (Nasdaq: YMAT) (referred to as “J-Star” or “the Company”) revealed today that its subsidiary YMA Corporation has obtained official approval from Taiwan’s Central Bank to launch a sovereign-backed financing framework for the Company’s strategic U.S. infrastructure expansion project led by YMA(TX) INC.

Following the Central Bank of Taiwan’s official approval, the Company is in the process of choosing a designated local bank to move forward with the formal application for a $60 million U.S. dollar loan facility. This funding will support the establishment of a 100MWh solid-state battery (SSB) production line in Baytown, Texas, located in the Greater Houston industrial area.

The proposed production facility will be run by YMA(TX) INC. and is expected to require a total infrastructure investment of around $122.5 million.

Project Overview

• Project Core: Building and setting up a 100MWh solid-state battery production line in Baytown, Houston, Texas
• Operating Company: YMA(TX) INC.
• Total Facility Investment: $122,500,000
• Central Bank Funding Allocation: $60,000,000
• Financing Setup: U.S. dollar loan facility approved under Taiwan Central Bank’s regulatory rules for strategic overseas infrastructure investments and advanced manufacturing growth

As per the administrative guidelines set by Taiwan’s Central Bank, the Company’s chosen local designated bank will start the formal submission process to the Central Bank for the disbursement of the U.S. dollar loan and its subsequent cross-border transfer to YMA(TX) INC.

“Securing official approval for this financing framework is a key milestone in implementing our long-term U.S. expansion strategy,” stated Jonathan Chiang, CEO and Chairman of J-Star Holding. “The upcoming Baytown facility is designed to create a highly automated solid-state battery production platform that can support essential domestic sourcing efforts across the aerospace, commercial drone, and electric vehicle sectors. We believe this project will position YMA(TX) INC. as a vital component of a robust North American advanced energy supply chain, while also strengthening our dedication to scalable, high-tech manufacturing infrastructure in the U.S.”

The Company’s management team is currently finalizing the criteria for selecting a bank and working with financial and regulatory partners to push the financing process forward. J-Star plans to keep sharing important updates via future SEC filings and Nasdaq disclosures as more milestones are reached.

About J-Star
J-Star Holding Co., Ltd. (NASDAQ: YMAT) is a holding company with operations across Taiwan, Hong Kong, and Samoa via its subsidiaries, and its headquarters are in Taiwan. The predecessor group of J-Star was founded in 1970 and has gained more than 50 years of expertise in the material composites industry. J-Star develops and brings to market technologies related to carbon reinforcement and resin systems. Leveraging decades of experience and knowledge in composites and materials, J-Star can use its skills and technology to design and produce a wide range of lightweight, high-performance carbon composite products—including key structural components for electric and sports bicycles, rackets, auto parts, and healthcare items. For more information, visit j-starholding.com and ymacorp.com.

Forward Looking-Statements

Some statements in this press release that address future expectations, plans, and prospects, along with any other statements about non-historical matters, may qualify as “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. These include, but are not limited to, statements about expected trading start and closing dates. Words like “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar terms are used to identify forward-looking statements, though not all such statements use these words. Actual outcomes may vary significantly from those suggested by these forward-looking statements due to several key factors, including uncertainties related to market conditions and other issues outlined in the “Risk Factors” section of the final prospectus filed with the SEC. For these and other reasons, investors are advised not to rely too heavily on any forward-looking statements in this release. All forward-looking statements in this press release are current as of the date of this document, and J-Star explicitly disclaims any duty to update them—whether due to new information, future events, or other reasons—except as required by law.

Contact:
Matt Chesler, CFA
FNK IR
646-809-2183
investor@j-starholding.com