002431SZSE

Announcement of Resolutions of the Sixth Meeting of the Seventh Board of Directors

ST Palm Co., Ltd.·

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This announcement details the resolutions passed at the sixth meeting of the seventh Board of Directors of Palm Ecological Town Development Co., Ltd. Key decisions included approving the 2025 General Manager's Work Report, the 2025 Board of Directors' Work Report, and the 2025 Annual Report. The board also approved the 2025 financial statements, a proposal for no profit distribution in 2025, and the 2025 Internal Control Self-Evaluation Report.

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Securities Code: 002431 Securities Abbreviation: Palm Shares Announcement No.: 2026-044

Palm Ecological Town Development Co., Ltd. Announcement of Resolutions of the Sixth Meeting of the Seventh Board of Directors

The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.

Palm Ecological Town Development Co., Ltd. (hereinafter referred to as the "Company") issued the notice for the sixth meeting of the seventh Board of Directors on April 12, 2026, through written, WeChat, and email combined methods. The meeting was held on April 23, 2026, at 10:00 AM in the company's conference room. Nine directors were expected to attend, and nine directors actually attended. All senior management personnel were present at the meeting. The notice, convening, holding, and voting procedures of the meeting comply with the provisions of the "Company Law" and the "Articles of Association." The meeting was presided over by Chairman Liu Jianghua, and the following resolutions were passed by the attending directors:

I. Approval of the "2025 General Manager's Work Report" Voting results: 9 votes in favor, 0 against, 0 abstentions.

II. Approval of the "2025 Board of Directors' Work Report" Voting results: 9 votes in favor, 0 against, 0 abstentions. The specific content of the "2025 Board of Directors' Work Report" can be found in the relevant content of the third section "Management Discussion and Analysis" and the fourth section "Corporate Governance, Environment, and Society" of the full text of the "Company's 2025 Annual Report" published on the company's designated information disclosure website, CNINFO (www.cninfo.com.cn). Independent Directors Mr. Hu Zhiyong, Ms. Zeng Yan, Mr. Li Qiming, and Mr. Liu Jinquan submitted the "Independent Directors' 2025 Performance Review Reports" to the Board. The independent directors will present their performance review reports to the shareholders at the 2025 Annual General Meeting of Shareholders. The specific content of the "Independent Directors' 2025 Performance Review Reports" can be found on the company's designated information disclosure website, CNINFO (www.cninfo.com.cn). This proposal needs to be submitted to the Company's 2025 Annual General Meeting of Shareholders for deliberation.

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