The board of directors of JTF International Holdings Limited announced that, based on a preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2018 and other information currently available, the Group is expected to record a substantial increase in its profit attributable to owners of the Company for the six months ended 30 June 2018 as compared to that for the six months ended 30 June 2017 set out in the Company's prospectus dated 29 December 2017. The substantial increase in its profit attributable to owners of the Company was mainly attributable to the following factors: a significant growth in revenue mainly due to increase in average selling price and sales volume of refined oil; and the Group's ability to harness the benefits of its cost-plus pricing policy and matched trade sales model, by negotiating higher gross profit margin for its refined oil products with customers who are more sensitive to oil price during an uptrend market as they are more incline to finalise their purchases quickly, resulting in substantial increase in gross profit and gross profit margin. The information contained in this announcement is only based on the preliminary assessment by the management of the Company after reviewing information currently available to the Group, including the unaudited consolidated management accounts of the Group for the six months ended 30 June 2018, and is not based on any figure or information which has been audited or reviewed by the Company's auditors. The Group's interim results for the six months ended 30 June 2018 are subject to further review by the management and have not been finalised. Therefore the actual results of the Group for the six months ended 30 June 2018 may differ from the information contained in this announcement.