Stock Code: 002431 Stock Abbreviation: ST Palm Announcement Number: 2026-063 Palm Eco-Town Development Co., Ltd. Announcement on Abnormal Stock Trading Fluctuations
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false representations, misleading statements, or material omissions.
I. Introduction to Abnormal Stock Trading Fluctuations
Palm Eco-Town Development Co., Ltd. (hereinafter referred to as the "Company"), stock abbreviation "ST Palm" and stock code "002431", experienced a cumulative closing price drop exceeding 12% over two consecutive trading days (May 6, 2026, and May 7, 2026). In accordance with the relevant regulations of the Shenzhen Stock Exchange, this constitutes an abnormal stock trading fluctuation.
II. Company's Review and Verification of Relevant Information
In response to the abnormal stock trading fluctuations, the Company has investigated the relevant matters and provides the following explanations:
- As of the disclosure date of this announcement, there is no need for correction or supplementation of previously disclosed information by the Company.
- The Company has not found any undisclosed material information in recent public media reports that may or may not have a significant impact on the Company's stock trading price.
- Currently, there are no significant changes in the Company's main business, nor have there been any significant changes in the production, operation, or internal and external operating environment.
- The Company, its controlling shareholder, and actual controller are not aware of any material matters that should be disclosed but have not been disclosed, nor are there any material matters under planning.
- During the period of abnormal stock trading fluctuations, the Company's controlling shareholder and actual controller have not engaged in any trading of the Company's stock.