Securities Code: 002431 Securities Abbreviation: ST Palm Announcement Number: 2026-060
Palm Ecological Urban Development Co., Ltd. Announcement on the Company Initiating Litigation
The Company and the entire Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, without any false records, misleading statements, or significant omissions.
Special Reminders:
- Litigation Stage: The case has been accepted and filed by the court.
- Party Status: The Company is the plaintiff.
- Amount Involved: RMB 35,931,275.05, which accounts for 8.54% of the Company's net assets as of the most recent audited period (2025).
- Impact on Listed Company's Profit and Loss: This case has not yet been heard, and the impact on the Company's current and future profits is uncertain.
I. Basic Situation of the Litigation Matter
Palm Ecological Urban Development Co., Ltd. (hereinafter referred to as the "Company") has initiated a lawsuit against Nanle County Yuzhi Urban-Rural Construction and Development Co., Ltd. due to a dispute over a construction engineering contract. The Company recently received the "Notice of Case Acceptance" issued by the Nanle County People's Court, with case number (2026) Yu 0923 Civil First Instance No. 1624. The Nanle County People's Court has decided to accept the case. As of the disclosure date of this announcement, the case has not yet been heard. The litigation matter is hereby announced as follows:
II. Basic Information of the Case