Announcement on Abnormal Stock Trading Fluctuations

ST Palm Co., Ltd.·June 22, 2026·2 pages

✨ AI Summary

This announcement addresses the abnormal trading fluctuations of ST Palm shares, which experienced a cumulative decline exceeding 12% over three trading days. The company has investigated and confirmed no undisclosed material information, no significant changes in business operations or environment, and no insider trading during the period. The company reiterates its previously disclosed information and reminds investors to exercise caution.

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Full Translation

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Stock Code: 002431 Stock Abbreviation: ST Palm Announcement No.: 2026-080 Palm Ecological Town Development Co., Ltd. Announcement on Abnormal Stock Trading Fluctuations

The Company and the entire Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.

I. Introduction to Abnormal Stock Trading Fluctuations

The stock of Palm Ecological Town Development Co., Ltd. (hereinafter referred to as the "Company") (Stock Abbreviation: ST Palm, Stock Code: 002431) experienced a cumulative deviation from its closing price exceeding 12% for three consecutive trading days (June 17, 2026, June 18, 2026, and June 22, 2026). In accordance with the relevant regulations of the Shenzhen Stock Exchange, this constitutes an abnormal stock trading fluctuation.

II. Company's Verification and Explanation of Related Matters

Regarding the abnormal stock trading fluctuations of the Company, the Company has investigated the relevant matters and provides the following explanation:

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