Jin Taifeng International Holdings (09689)'s prepayment balance to Huafeng in Zhuhai is approximately RMB 66.4 million

According to the Zhitong Finance App, Jin Taifeng International Holdings (09689) announced that on August 26, 2026 and August 27, 2026, the Group signed a purchase agreement with Zhuhai Huafeng Petrochemical Co., Ltd. (Zhuhai Huafeng), a company established in the People's Republic of China, to purchase refined oil products. According to the purchase agreement, prepayment is required prior to delivery of oil products. On September 24, 2026, an advance payment of approximately RMB 24.878 million (advance payment) was made.

The Group signed a cooperation framework agreement with Huafeng in Zhuhai on March 13, 2026. According to this, the two parties signed an independent purchase agreement after fair negotiations according to individual circumstances. The framework agreement itself contains no provision for advance payments.

Immediately before the advance payment was made on September 24, 2026, the Group's prepayment balance to Huafeng, Zhuhai was approximately RMB 41.522 million, accounting for approximately 6.0% of the Group's total assets calculated according to the asset ratio defined in section 14.07 (1) of the Listing Rules. After the advance payment was made on September 24, 2026, the balance of the advance payment to Huafeng in Zhuhai was approximately RMB 66.4 million, accounting for about 9.6% of the Group's total assets (total prepayment amount)

The total amount of the prepayment is interest-free and unsecured. After delivery of the relevant products, the total amount of advance payments made by the Group will be recognized as inventory costs. Any unused prepayment will be refunded to the Group within approximately one month or carried over and used in subsequent contracts.