Securities Code: 002431 Securities Abbreviation: ST Palm Announcement No.: 2026-064
Palm Ecological Urban Development Co., Ltd. Announcement on Major Litigation
The Company and the entire Board of Directors guarantee that the information disclosed in this report is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
Special Reminder:
- Litigation Stage: The case has been accepted by the court.
- Party Status of the Company: Defendant.
- Amount Involved: RMB 47,604,023.56, which accounts for 11.31% of the company's net assets as of the most recent audited period (2025).
- Impact on the 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
On May 8, 2026, Palm Ecological Urban Development Co., Ltd. (hereinafter referred to as the "Company") received a "Civil Complaint" and other documents from the People's Court of Qibin District, Hebi City. The case number is (2026) Yu 0611 Min Chu No. 2794. It is understood that Henan Mengjian Construction Co., Ltd. (hereinafter referred to as the "Plaintiff") has sued the Company and the third party, Hebi Qibin District Urban Construction and Development Center, in the People's Court of Qibin District, Hebi City, due to a dispute over a construction engineering contract.
As of the disclosure date of this announcement, this case has not yet been heard. The litigation matter is hereby announced as follows: