JTF INTL：SUPPLEMENTAL ANNOUNCEMENT REGARDINGPREPAYMENTS TO SUPPLIERS.pdf

1、Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limitedtake no responsibility for the contents of this announcement,make no representation as toits accuracy or completeness and expressly disclaim any liability whatsoever for any losshowsoever arising from or in reliance

2、upon the whole or any part of the contents of thisannouncement.JTF International Holdings Limited(Incorporated in the Cayman Islands with limited liability)(Stock Code:9689)金 泰 豐 國 際 控 股 有 限 公 司SUPPLEMENTAL ANNOUNCEMENT REGARDINGPREPAYMENTS TO SUPPLIERSThis announcement is made by JTF International

3、Holdings Limited(the Company andtogether with its subsidiaries,the Group)pursuant to Rules 13.13,13.14,13.15 and 13.20of the Rules Governing the Listing of Securities on The Stock Exchange of Hong KongLimited(Listing Rules).PREPAYMENTS TO SUPPLIERSThe Group placed purchase orders with certain suppli

4、ers(the Suppliers)to purchaserefined oil,fuel oil and other petrochemical products in its ordinary and usual course ofbusiness from time to time.For each purchase with the Suppliers,the Group would normallybe required to pay certain percentage of the purchase price pursuant to respective termsspecif

5、ied in the purchase contracts prior to the delivery of the relevant products(thePrepayments).In line with general market practice of the industry,purchase contracts are negotiated andconfirmed on a contract-by-contract basis to manage price fluctuations.Each contractspecifies the agreed and fixed pr

6、ice,the purchase quantity(with an allowance of up to 5%to10%deviation between the contracted and actual quantity),the delivery terms(whereby theGroup arranges third-party logistics service providers to pick up the products from thespecific locations)and the delivery deadline stipulated in the contra