Notice of Convening the 2025 Annual Shareholders' Meeting

Stock Code: 002431 Stock Abbreviation: Palm Shares Announcement No.: 2026-056 Palm Eco-Town Development Co., Ltd. Notice of Convening the 2025 Annual Shareholders' Meeting The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false records, misleading statements, or material omissions. In accordance with the "Company Law of the People's Republic of China" and the "Articles of Association," the Company's Seventh Board of Directors, at its sixth meeting held on April 23, 2026, approved the convening of the 2025 Annual Shareholders' Meeting on May 20, 2026 (Wednesday) at 2:30 PM. The meeting will be conducted through a combination of on-site voting and online voting. The specific matters are hereby notified as follows: I. Basic Information of the Meeting (I) Meeting Session: 2025 Annual Shareholders' Meeting (II) Convener: The Company's Board of Directors (III) Legality and Compliance of the Meeting: The Company's Seventh Board of Directors, at its sixth meeting, deliberated and approved the "Proposal on Convening the 2025 Annual Shareholders' Meeting." The convening of this shareholders' meeting complies with relevant regulations of laws, regulations, the Shenzhen Stock Exchange, and the "Articles of Association." (IV) On-site Meeting Time: May 20, 2026 (Wednesday) at 2:30 PM (V) Online Voting Time:

1. Online voting through the Shenzhen Stock Exchange trading system will be conducted from May 20, 2026, 9:15 AM - 9:25 AM; 9:30 AM - 11:30 AM, and 1:00 PM - 3:00 PM.
2. Online voting through the Shenzhen Stock Exchange internet voting system will be available from May 20, 2026, anytime between 9:15 AM and 3:00 PM. (VI) On-site Meeting Location: Company Conference Room, 3A-17th Floor, Haihui Center, Intersection of Dongfeng South Road and Kangning Street, Guancheng Hui District, Zhengzhou City, Henan Province. (VII) Equity Registration Date: May 14, 2026 (Thursday) (VIII) Meeting Method: This shareholders' meeting will be held through a combination of on-site voting and online voting. The Company will provide an online voting platform through the Shenzhen Stock Exchange trading system and internet voting system (http://wltp.cninfo.com.cn) for all shareholders. Shareholders can exercise their voting rights through the aforementioned systems during the online voting period. For the same share, only one voting method (on-site or online) can be chosen. If the same share is voted on-site and online, the first vote will prevail. (IX) Meeting Attendees:
3. As of the close of trading on May 14, 2026, shareholders of the Company registered with the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited are entitled to attend this shareholders' meeting and vote, or participate in online voting during the online voting period. Shareholders unable to attend in person may authorize others to attend on their behalf (the authorized representative need not be a shareholder; see Attachment I for the power of attorney).
4. Company Directors, Senior Management Personnel
5. Lawyers appointed by the Company to witness the proceedings.
6. Other personnel required to attend the shareholders' meeting by relevant laws and regulations. II. Matters to be Discussed at the Meeting Table 1: Proposal Code Table for this Shareholders' Meeting | Proposal Code | Proposal Name | Remarks: Checkbox for Voting | |---|---|---| | 100 | General Proposal | √ | | 1.00 | Report on the Work of the Board of Directors in 2025 | √ | | 2.00 | Full Text and Summary of the 2025 Annual Report | √ | | 3.00 | 2025 Financial Report | √ | | 4.00 | Proposal on the 2025 Profit Distribution Plan | √ | | 5.00 | Special Report on the Fund-raising and Use of Raised Funds in 2025 | √ | | 6.00 | Proposal on Confirmation of Directors' Remuneration in 2025 and Remuneration Plan for 2026 | √ | | 7.00 | Proposal on Formulating the "Remuneration and Performance Management System for Directors and Senior Management Personnel" | √ | | 8.00 | Proposal on Uncovered Losses Reaching One-Third of the Total Paid-in Capital | √ | The aforementioned proposals were deliberated and approved by the Company's Seventh Board of Directors at its sixth meeting held on April 23, 2026. For details, please refer to the announcements in the "China Securities Journal," "Shanghai Securities News," and on the CNINFO website (www.cninfo.com.cn). The above proposals are major matters affecting the interests of small and medium investors and require separate counting and disclosure of their votes. [Note: Small and medium investors refer to shareholders other than the following: 1. Directors and senior management personnel of the listed company; 2. Shareholders holding 5% or more of the Company's shares, individually or in aggregate.] The Company's independent directors will deliver their work reports at this annual shareholders' meeting. III. Registration Procedures for Attending the On-site Meeting (I) Registration Time: May 15, 2026, 9:00 AM - 5:00 PM (II) Registration Method:
7. For a corporate shareholder attending the meeting through its legal representative, the legal representative should present their ID card, a copy of the business license (with company seal), proof of legal representative's identity, and securities account card.
8. For a corporate shareholder attending the meeting through an authorized agent of its legal representative, the agent should present their ID card, a written power of attorney issued by the legal representative of the corporate shareholder, a copy of the business license (with company seal), and the securities account card.
9. For an individual shareholder attending the meeting in person, they should present their ID card or other valid identification documents and their securities account card.
10. For an individual shareholder attending the meeting through an authorized agent, the agent should present their ID card, the shareholder's signed power of attorney, and the securities account card.
11. Attendees of this meeting should present the aforementioned power of attorney and original ID card to the registration desk and submit copies of the aforementioned credentials. Shareholders from other regions may register by mail or fax. The mail or fax should include the aforementioned information (for mail or fax, it must arrive at the Company before 5:00 PM on May 15, 2026). (III) Registration Location: Securities Development Department IV. Detailed Procedures for Online Voting This annual shareholders' meeting provides shareholders with an online voting platform, which includes trading system voting and internet voting. The procedures for online voting are as follows: (I) Online Voting Procedures
12. Voting Code: 362431; Voting Abbreviation: Palm Voting
13. Voting Method: (1) Casting Voting Opinions or Election Votes Voting opinions: For, Against, Abstain. (2) If a shareholder votes on the general proposal, it is considered that the shareholder expresses the same opinion on all proposals. If a shareholder votes on both the general proposal and specific proposals, the first valid vote will prevail. If a shareholder votes on specific proposals first and then on the general proposal, the voting opinion on the specific proposals will prevail for the voted proposals, and the voting opinion on the general proposal will prevail for the remaining proposals. If a shareholder votes on the general proposal first and then on specific proposals, the voting opinion on the general proposal will prevail. (II) Procedures for Voting via Shenzhen Stock Exchange Trading System
14. Voting Time: During the trading hours of May 20, 2026, from 9:15 AM - 9:25 AM; 9:30 AM - 11:30 AM, and 1:00 PM - 3:00 PM.
15. Shareholders can log in to their securities company's trading client to vote through the trading system. (III) Procedures for Voting via Shenzhen Stock Exchange Internet Voting System
16. The internet voting system will be available from May 20, 2026, 9:15 AM to 3:00 PM.
17. Shareholders voting through the internet voting system must complete identity verification in accordance with the "Shenzhen Stock Exchange Investor Network Services Identity Verification Business Guidelines" and obtain a "SZSE Digital Certificate" or "SZSE Investor Service Password." Detailed identity verification procedures can be found in the "Rules and Guidelines" section of the internet voting system.
18. Shareholders can log in to http://wltp.cninfo.com.cn using their obtained service password or digital certificate to vote through the SZSE internet voting system within the specified period. V. Other Matters (I) Contact Information Mailing Address: 6th Floor, Block B, Zhuguang New City International Center, Machang Road, Tianhe District, Guangzhou City, Guangdong Province Postal Code: 510627 Contact Phone: 020-85189003 Designated Fax: 020-85189000 Contact Person: Liang Lifen (II) Meeting Expenses The meeting will last for half a day. Shareholders attending the meeting will be responsible for their own accommodation and transportation expenses. (III) Power of Attorney is attached as Attachment I, and the 2025 Annual Shareholders' Meeting Reply Slip is attached as Attachment II. Palm Eco-Town Development Co., Ltd. Board of Directors April 24, 2026 Attachment I: Palm Eco-Town Development Co., Ltd. 2025 Annual Shareholders' Meeting Power of Attorney I hereby authorize Mr./Ms. [blank] to attend the 2025 Annual Shareholders' Meeting of Palm Eco-Town Development Co., Ltd. on my behalf as a shareholder of Palm Eco-Town Development Co., Ltd. The authorized representative has the right to vote on the proposals submitted for this meeting in accordance with the instructions of this power of attorney and to sign any relevant documents that need to be signed at this meeting on my behalf. My voting opinions on the proposals submitted for this meeting are as follows: | Proposal Code | Proposal Name | Remarks: Checkbox for Voting | Voting Opinion | |---|---|---|---| | | | | For | Against | Abstain | | 100 | General Proposal | √ | | | | | 1.00 | Report on the Work of the Board of Directors in 2025 | √ | | | | | 2.00 | Full Text and Summary of the 2025 Annual Report | √ | | | | | 3.00 | 2025 Financial Report | √ | | | | | 4.00 | Proposal on the 2025 Profit Distribution Plan | √ | | | | | 5.00 | Special Report on the Fund-raising and Use of Raised Funds in 2025 | √ | | | | | 6.00 | Proposal on Confirmation of Directors' Remuneration in 2025 and Remuneration Plan for 2026 | √ | | | | | 7.00 | Proposal on Formulating the "Remuneration and Performance Management System for Directors and Senior Management Personnel" | √ | | | | | 8.00 | Proposal on Uncovered Losses Reaching One-Third of the Total Paid-in Capital | √ | | | | (Instructions: Please mark "√" in the "For," "Against," or "Abstain" column corresponding to the "Voting Opinion" section. The voter can only express one opinion: "For," "Against," or "Abstain." Any alteration, multiple selections, or no selection will render the vote invalid and will be treated as an abstention.) Principal (Signature/Seal): [blank] Principal's ID Number or Business Registration Number: [blank] Principal's Shareholder Account Number: [blank] Principal's Shareholding: [blank] Authorized Representative's ID Number: [blank] Authorized Representative (Signature): [blank] Date of Authorization: Year [blank] Month [blank] Day [blank] Attachment II: Palm Eco-Town Development Co., Ltd. 2025 Annual Shareholders' Meeting Reply Slip To: Palm Eco-Town Development Co., Ltd. Individual Shareholder Name / Corporate Shareholder Name: [blank] Shareholder Address: [blank] Attendee Name: [blank] ID Number: [blank] Corporate Shareholder Legal Representative Name: [blank] ID Number: [blank] Shareholding: [blank] Shareholder Account: [blank] Contact Phone: [blank] Fax: [blank] Shareholder Signature (Corporate Shareholder Seal): [blank] Date: Year [blank] Month [blank] Day [blank] Notes:
19. The clipped, copied, or self-made reply slip in the above format is valid.
20. The completed and signed reply slip should be delivered in person, mailed, or faxed to the Company's Securities Development Department on or before May 15, 2026.