JTF INTL (09689) pays RMB 82.849 million in prepayments to Zhuhai Huafeng and RMB 7.2 million in prepayments to PetroChina Refining Specialty Products Guangdong.

JTF INTL (09689) announces that on September 18, 2026 and October 8, 2026, the Group entered into purchase contracts (the Huafeng Purchase Contracts) with Zhuhai Huafeng Petrochemical Co., Ltd. (Zhuhai Huafeng), a company established in the People's Republic of China (China), for the purchase of refined oil and fuel oil. Pursuant to the Huafeng Purchase Contracts, prepayments are required to be made before delivery of the oil products. On October 10, 2026, a prepayment of approximately RMB 82.849 million (the Huafeng Prepayment) was made. On March 13, 2026, the Group entered into a cooperation framework agreement with Zhuhai Huafeng, pursuant to which the parties sign separate purchase agreements on a case-by-case basis following arm's length negotiations. The framework agreement itself does not contain provisions regarding prepayments. Immediately before the payment of the Huafeng Prepayment on October 10, 2026, the balance of prepayments made by the Group to Zhuhai Huafeng was approximately RMB 15.854 million, representing approximately 2.3% of the Group's total assets calculated based on the assets ratio as defined under Rule 14.07(1) of the Listing Rules. After the payment of the Huafeng Prepayment on October 10, 2026, the balance of prepayments to Zhuhai Huafeng was approximately RMB 98.703 million, representing approximately 14.3% of the Group's total assets (the Huafeng Prepayment Total). On September 30, 2026, the Group entered into a purchase contract (the PetroChina Purchase Contract) with PetroChina Refining Specialty Products Co., Ltd. Guangdong Sales Branch (PetroChina Refining Specialty Products Guangdong), a branch established in China, for the purchase of fuel oil. Pursuant to the PetroChina Purchase Contract, prepayments are required to be made before delivery of the oil products. On October 10, 2026, a prepayment of approximately RMB 7.2 million (the PetroChina Prepayment) was made. Immediately before the payment of the PetroChina Prepayment on October 10, 2026, the balance of prepayments made by the Group to PetroChina Refining Specialty Products Guangdong was approximately RMB 53.466 million, representing approximately 7.8% of the Group's total assets calculated based on the assets ratio as defined under Rule 14.07(1) of the Listing Rules. After the payment of the PetroChina Prepayment on October 10, 2026, the balance of prepayments to PetroChina Refining Specialty Products Guangdong was approximately RMB 60.666 million, representing approximately 8.8% of the Group's total assets (the PetroChina Prepayment Total). The Huafeng Prepayment Total and the PetroChina Prepayment Total are interest-free and unsecured. Upon delivery of the relevant products, the Huafeng Prepayment Total and the PetroChina Prepayment Total paid by the Group will be recognized as inventory costs. Any unused amounts will be refunded to the Group within approximately one month, or carried forward and applied to subsequent contracts.