Jerash Holdings (US) Inc.

08/21/2025 | Press release | Distributed by Public on 08/21/2025 14:06

Termination of Material Agreement (Form 8-K)

Item 1.02 Termination of a Material Definitive Agreement.

Termination of Joint Venture

As previously disclosed, on October 10, 2023, Jerash Holdings (US), Inc., a Delaware corporation (the "Company"), through its wholly owned subsidiary Treasure Success International Limited, a Hong Kong company ("Treasure Success"), entered into a Joint Venture and Shareholder's Agreement (the "Agreement") with Newtech Textile (HK) Limited, a Hong Kong company ("Newtech") to establish a joint venture company in Hong Kong, Jerash Newtech (Hong Kong) Holdings Limited ("Jerash Newtech"), of which Treasure Success holds 51% of the equity interests and Newtech holds 49%.

On August 20, 2025, Treasure Success and Newtech attended a meeting of shareholders of Jerash Newtech and resolved that Jerash Newtech had not commenced business since its incorporation and had no outstanding liabilities, and therefore, agreed to and authorized an application to be made for the deregistration of Jerash Newtech pursuant to Section 750 of the Hong Kong Companies Ordinance. The Agreement will be terminated upon the deregistration of Jerash Newtech.

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