Jintaifeng International Holdings (09689.HK) paid RMB 82.849 million in advance payments to Zhuhai Huafeng and RMB 7.2 million in advance payments to PetroChina Refining Featured Products Guangdong.

Zhito Finance APP News: Jintaifeng International Holdings (09689.HK) announced that on September 18, 2026 and October 8, 2026, the Group entered into purchase contracts (Huafeng Purchase Contracts) with Zhuhai Huafeng Petrochemical Co., Ltd. (Zhuhai Huafeng), a company incorporated in the People's Republic of China (China), for the purchase of refined oil and fuel oil. Under the Huafeng Purchase Contracts, advance payments shall be made before the delivery of oil products. On October 10, 2026, an advance payment of approximately RMB 82.849 million (Huafeng Advance Payment) was made.