J-Star Holding Co., Ltd. Chairman and CEO Jonathan Chiang to Relocate to the United States to Lead Growth Initiatives

The relocation puts Chiang's focus on U.S. operations while manufacturing expansion remains under evaluation.

Rhea-AI Summary

J-Star Holding (YMAT) said Chairman and CEO Jonathan Chiang will relocate full-time to the United States to lead U.S. operations. He will work directly with customers and manufacturing partners as the company focuses on higher-value carbon fiber and composite applications. J-Star announced its exit from China operations in January 2026 and has since focused on applications including healthcare products and structural automotive parts.

The company is evaluating opportunities to expand U.S. manufacturing, including in aerospace and defense-adjacent markets, and will provide updates if specific plans are finalized. Its previously filed Form F-3 shelf registration became effective on September 23, 2026.

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• Moderate point. Forward-looking: it has not happened yet and may not happen.Full-time U.S. relocation will put CEO Jonathan Chiang in charge of leading U.S. operations.

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• None.

Market Context

The active F-3/A shelf permits up to $150,000,000 in primary offerings, adding financing context to ...

Analysis

The active F-3/A shelf permits up to $150,000,000 in primary offerings, adding financing context to the release’s separate effectiveness notice; the supplied shelf record showed no usage.

Key Figures

F-3 effectiveness date: September 23, 2026

F-3 effectiveness date

September 23, 2026

Shelf registration statement declared effective

Key Terms

shelf registration statement, form f-3

2 terms

shelf registration statement financial

"previously filed shelf registration statement on Form F-3"

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

form f-3 regulatory

"shelf registration statement on Form F-3 was declared effective"

Form F-3 is a U.S. securities filing that lets eligible foreign companies pre-register and then quickly sell shares or other securities to raise money, because they already meet ongoing reporting and size tests. For investors it signals that the company is up-to-date with regulatory disclosure and has an efficient way to issue new securities — similar to a pre-approved credit line — which can mean faster capital raises but also potential dilution of existing holdings.

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TAIPEI, Taiwan, Sept. 29, 2026 (GLOBE NEWSWIRE) -- J-Star Holding Co., Ltd. (Nasdaq: YMAT) ("J-Star" or the "Company"), a global manufacturer of carbon fiber and composite material products, today announced that Jonathan Chiang, Chairman and Chief Executive Officer, will relocate full-time to the United States to lead the Company's U.S. operations and support the next phase of its growth strategy.

Mr. Chiang will focus on strengthening J-Star's presence in the U.S. market, working directly with customers, manufacturing partners, and other strategic stakeholders as the Company continues to reposition its business toward higher-value carbon fiber and composite material applications. Mr. Chiang brings nearly four-decades of experience in the chemicals and advanced materials industries, including hands-on U.S. manufacturing experience.

Since announcing its exit from China operations in January 2026, J-Star has focused on advancing its core carbon fiber and composite materials expertise, originally developed in high-performance cycling components, into higher-value applications, including healthcare products, structural automotive parts, and its own branded consumer products. The Company views this progression as a continuation of a strategy it has pursued for more than a decade: applying its manufacturing know-how to increasingly specialized markets.

As part of this ongoing evolution, the Company continues to evaluate opportunities to expand its U.S. manufacturing footprint, including in high-growth aerospace and defense-adjacent markets, building on its prior experience manufacturing precision composite components. The Company will provide further updates if and when any specific plans in these areas are finalized.

"The United States is where I see the greatest opportunity for our next phase of growth," said Jonathan Chiang, Chairman and CEO of J-Star." We have spent more than a decade building on our expertise in carbon fiber and composite manufacturing and applying it into higher-value markets. By relocating here full-time, I will be able to work more closely with our customers, partners, and teams as we pursue these opportunities."

Separately, the Company noted that its previously filed shelf registration statement on Form F-3 was declared effective by the U.S. Securities and Exchange Commission on September 23, 2026.

About J-Star Holding Co., Ltd.

J-Star Holding Co., Ltd. is a global manufacturer of carbon fiber and composite material products, with a legacy in high-performance cycling components and a growing portfolio of applications across healthcare, automotive, and other advanced materials markets. For more information, visit j-starholding.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including statements regarding the Company's capital markets strategy, its U.S. expansion plans, and its evaluation of opportunities in aerospace and defense-adjacent markets. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including those described in the Company's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 20-F and its registration statement on Form F-3, as amended. The Company undertakes no obligation to update any forward-looking statements, except as required by law.

Contact

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

FAQ

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Why is J-Star CEO Jonathan Chiang relocating to the United States?

Chiang will relocate full-time to lead J-Star's U.S. operations. He will work directly with customers, manufacturing partners and other stakeholders as the company focuses on higher-value carbon fiber and composite applications.