JTF INTL (09689) has signed a cooperation framework agreement with Zhuhai Huafeng to establish a strategic partnership.

JTF INTL (09689) announced that on March 13, 2026 (after trading hours), its indirectly wholly-owned subsidiary, Jingtaifeng Fuel Co., Ltd. (Jingtaifeng (China)), has entered into a cooperation framework agreement with Zhuhai Huafeng Petrochemical Co., Ltd. (Zhuhai Huafeng). According to the agreement, the contracting parties (each a "contracting party," collectively referred to as "contracting parties") agree to establish a strategic partnership to leverage their respective advantages in sales and supply of oil and other petrochemical products. The cooperation includes: 1. Gasoline business: Zhuhai Huafeng will provide competitively priced gasoline resources to Jingtaifeng (China) utilizing its advantages in blended oil resources, with Jingtaifeng (China) intending to purchase gasoline, diesel, and other products totaling 200,000 tons/year from Zhuhai Huafeng in principle. 2. Naphtha and gasoline blending component business: Jingtaifeng (China) will provide competitively priced naphtha and gasoline blending component resources to Zhuhai Huafeng utilizing its advantages in domestic and international markets, with both products totaling 200,000 tons/year in principle. 3. Specific purchase/sale agreements: After equal negotiation by the contracting parties, specific contracts will be signed separately based on the principle of "case-by-case negotiation" according to specific cooperation matters. 4. Other: On the basis of comprehensive integration in trading business operations, Jingtaifeng (China) and Zhuhai Huafeng will expand the level and scope of cooperation, engage in all-round exchanges in management, operations, marketing, and services, and promote high-quality development for both parties. The Board of Directors believes that the contracting parties will leverage their respective competitive advantages to establish a mutually beneficial partnership. The Group has a strong foundation in the petroleum trading industry, with strategically located oil depots in the Pearl River Delta region. The developed maritime and road networks in this area enable the Group to serve the surrounding areas of Guangdong Province and other coastal provinces of China in a cost-effective and timely manner. Zhuhai Huafeng is located in Zhuhai City, Guangdong Province, engaged in the production and sales of petrochemical products, with facilities such as vacuum distillation units, gasoline blending units, wax oil hydrogenation units, and other supporting facilities. Through the combination of the Group's professional knowledge and experience in petroleum and petrochemical product trading and Zhuhai Huafeng's production capabilities, this cooperation aims to establish a stable supply-demand partnership, promote bulk trading of petroleum and petrochemical products, and provide assistance in expanding markets for both contracting parties. It is expected that this cooperation will further solidify the Group's market position in the petroleum trading industry by providing stable and high-quality market demand.