JTF INTL(09689) major shareholder Xu Yayi plans to reduce their stake in the company by about 13.99%.

JTF INTL (09689) announces that the board of directors has received notification from Ms. Xu Yayi, an executive director and major shareholder of the company, that Kangshi Investment Limited (Kangshi Investment), a company fully owned by Ms. Xu Yayi, has entered into a placing agreement with a placing agent on January 20, 2026. The placing agent has agreed to use best efforts to facilitate investors (placing persons) to purchase up to 130 million shares of the company's existing shares held by Kangshi Investment at a price of HK$0.44 per placing share (the placing exercise). The placing period will begin on the date of the placing agreement and must be completed by January 30, 2026. According to the placing agreement, the placing persons are not related parties of the company. Following completion, it is expected that no placing person will become a major shareholder of the company. As of the date of this announcement, the 130.1 million placing shares represent 13.99% of the company's existing issued share capital. After the placing exercise is completed and assuming all placing shares are allocated to the placing persons, Ms. Xu Yayi and Kangshi Investment will no longer be major shareholders of the company. The board of directors expects that the placing exercise will not have any adverse impact on the company's operations. Ms. Xu Yayi will continue to serve as an executive director of the company.