JTF International Holdings Limited Announces Strategic Cooperation Framework Agreement with Zhuhai Huafeng Petrochemical

Hong Kong, 13 March 2026 — JTF International Holdings Limited (“JTF” or the “Company”; SEHK: 9689) has voluntarily announced a significant business development: its indirect wholly-owned subsidiary, Zengcheng City Jin Taifeng Fuel Oil Company Limited (“JTF (PRC)”), has entered a strategic cooperation framework agreement with Zhuhai City Huafeng Petrochemical Company Limited (“Zhuhai Huafeng”).

Key Highlights of the Cooperation Framework Agreement

• Parties Involved: The agreement is between JTF (PRC) and Zhuhai Huafeng, two leading entities in the Chinese oil and petrochemical sector.
• Strategic Partnership: The agreement establishes a mutually beneficial partnership, leveraging each party’s strengths in the sales and provision of oil and petrochemical products.

Principal Terms of the Agreement

1. Gasoline Business: Zhuhai Huafeng will supply JTF (PRC) with competitively priced gasoline and related resources, targeting an annual aggregate purchase volume of 200,000 tons of gasoline, diesel, and other products.
2. Naphtha and C6 Components for Gasoline Blending: JTF (PRC) will supply Zhuhai Huafeng with competitively priced naphtha and C6 components, also targeting 200,000 tons per year of each product.
3. Specific Agreements: All individual purchase and sale transactions will be subject to separate agreements, negotiated on a case-by-case basis.
4. Broader Collaboration: The parties aim to expand their cooperation in areas such as operations, management, marketing, and services, with a focus on high-quality development.

Background on Zhuhai Huafeng

• Established in 2005 and located in the Zhuhai Economic and Technological Development Zone, a national-level economic hub in Guangdong Province.
• Engaged in the production and sales of petrochemical products, with facilities including vacuum distillation, gasoline blending, and wax oil hydrogenation.
• Independence Confirmed: Despite Ms. Huang Sizhen, an executive Director and controlling shareholder of JTF, serving as chairman of Zhuhai Huafeng, the company and its ultimate beneficial owners are confirmed to be independent third parties with no beneficial interests crossing over as defined by Hong Kong Stock Exchange rules.

Strategic Rationale & Shareholder-Relevant Insights

• Mutually Beneficial Partnership: The cooperation is expected to leverage JTF’s strong presence in oil trading and its strategic depot locations in the Pearl River Delta, with Zhuhai Huafeng’s production capabilities, to create a stable and scalable supply-demand relationship.
• Market Expansion: The agreement targets large-scale transaction volumes, positioning both companies for expanded market share and operational synergy in the oil and petrochemical sectors.
• Potential Share Price Sensitivity: The collaboration is likely to strengthen JTF’s market position, create steady and high-quality demand, and facilitate long-term growth. These factors are potentially price sensitive as they may positively impact revenue, profitability, and investor confidence.
• Governance Considerations: Due to potential conflicts of interest (Ms. Huang Sizhen and her spouse, Mr. Xu Ziming, both being Directors of JTF and holding positions in Zhuhai Huafeng), both abstained from voting on the agreement to ensure compliance with corporate governance best practices.

Board Statement

The Board of JTF International Holdings Limited considers the cooperation with Zhuhai Huafeng to be in the best interests of the Company and its shareholders. The agreement is on normal commercial terms, is fair and reasonable, and supports the Company’s long-term strategic objectives.

Executive Leadership

• Chairman and Executive Director: Xu Ziming
• Executive Directors: Xu Ziming, Huang Sizhen, Choi Sio Peng, Xu Yayi
• Independent Non-Executive Directors: Tsui Hing Shan, Kan Siu Chung, E Hongda

Investor Takeaways

• This announcement signals a major strategic partnership and resource-sharing initiative, positioning JTF for future growth in the oil and petrochemical sector.
• The scale of the agreement and the targeted transaction volumes are likely to have a material impact on the Group’s revenues and market positioning, making this development potentially price sensitive.
• Investors should monitor subsequent announcements regarding specific agreements and execution progress for further financial implications.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a solicitation to buy or sell securities. Investors should conduct their own due diligence and consult with professional advisors before making investment decisions. The information presented is based on the Company’s announcement as of 13 March 2026 and may be subject to change.

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