Jay Ushin Ltd — Important, 04-11-2025: Company Update

Jay Ushin Limited addressed recent media reports concerning the company obtaining a license to import rare earth magnets from China, which prompted stock price movement. The company clarified that it has, in fact, been importing these critical rare earth magnets, essential for its automotive product manufacturing, for several years. To secure an uninterrupted supply and prevent potential shortages, Jay Ushin consistently sources this material via an authorized trader within India. This communication provides investors with crucial clarity, confirming established sourcing practices rather than any new license or operational change.