J-Star Holding Subsidiary Receives Central Bank of Taiwan Authorization to Initiate $60 Million Sovereign-Backed Financing Framework through Designated Banks for U.S. Solid-State Battery Expansion ($122.5 Million Project)

About this update from J-star Holding Co., Ltd.

Funding framework supports development of a US$122.5 million advanced battery manufacturing facility in Baytown, Texas under YMA(TX) INC. TAICHUNG CITY, Taiwan, May 26, 2026 (GLOBE NEWSWIRE) -- J-Star Holding Co., Ltd. (Nasdaq: YMAT) (“J-Star” or the “Company”) today announced that its subsidiary YMA Corporation has received formal authorization from the Central Bank of Taiwan to initiate under the Sovereign-Backed financing framework for the Company’s strategic U.S. infrastructure expansion initiative under YMA(TX) INC. Pursuant to the formal authorization from the Central Bank of Taiwan, the Company is preparing to select a designated domestic banking institution to proceed with the formal application process for a $60 million U.S. dollar loan facility. The financing is intended to support the development of a 100MWh solid-state battery (“SSB”) manufacturing line in Baytown, Texas, within the Greater Houston industrial corridor. The planned manufacturing facility will operate under YMA(TX) INC. and represents a total projected infrastructure investment of approximately US$122.5 million. Project Overview Project Anchor: Construction and deployment of a 100MWh solid-state battery manufacturing line in Baytown, Houston, TexasOperating Entity: YMA(TX) INC.Total Facility Value: US$122,500,000Central Bank Financing Allocation: US$60,000,000Financing Structure: U.S. currency loan facility authorized under Central Bank of Taiwan regulatory guidelines for strategic overseas infrastructure investment and advanced manufacturing expansion Under the administrative framework outlined by the Central Bank of Taiwan, the Company’s selected domestic designated bank will initiate the formal submission process to the Central Bank of Taiwan for the U.S. currency loan release and subsequent cross-border remittance to YMA(TX) INC. “Receiving formal authorization with respect to this financing framework marks an important milestone in executing our long-term U.S. expansion strategy,” said Jonathan Chiang, CEO and Chairman of J-Star Holding. “The planned Baytown facility is designed to establish a highly automated solid-state battery manufacturing platform capable of supporting critical domestic sourcing initiatives across aerospace, commercial drone, and electric vehicle markets. We believe this project positions YMA(TX) INC. to become an important part of a resilient North Am...

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