JTF International Holdings Limited (stock code: 09689, “JTF INTL”) announced that its indirect wholly-owned subsidiary, Zengcheng City Jin Taifeng Fuel Oil Company Limited (“JTF PRC”), entered into a cooperation framework agreement on 13 March 2026 with Zhuhai City Huafeng Petrochemical Company Limited (“Zhuhai Huafeng”).

Under the agreement, Zhuhai Huafeng will supply JTF PRC with competitively priced gasoline, diesel and other products totaling 200,000 tons per year. In return, JTF PRC will provide Zhuhai Huafeng with 200,000 tons per year of naphtha and C6 components for gasoline blending. Subsequent transactions will be governed by separate agreements negotiated on a “one matter, one discussion” basis.

Zhuhai Huafeng, established in 2005 in the Zhuhai Economic and Technological Development Zone, operates vacuum distillation, gasoline blending and wax oil hydrogenation facilities. The strategic cooperation aims to combine Zhuhai Huafeng’s production capacity with JTF INTL’s trading network and depot infrastructure across the Pearl River Delta, thereby stabilizing supply-demand and expanding market reach for both parties.

Executive Director and controlling shareholder Ms. Huang Sizhen, who also chairs Zhuhai Huafeng, and her spouse, Executive Director Mr. Xu Ziming, abstained from board voting due to material interests. The board considers the agreement fair, conducted on normal commercial terms and aligned with shareholder interests.