This announcement details the progress of a major lawsuit involving Laiyang Palm, a subsidiary of Palm Ecological Urban Development Co., Ltd. The court rejected Laiyang Palm's appeal, upholding the original ruling. The company may continue legal action as a shareholder, but the impact on daily operations is expected to be minimal.
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Stock Code: 002431
Stock Abbreviation: ST 棕榈
Announcement Number: 2026-092
Palm Ecological Urban Development Co., Ltd.
Announcement on the Progress of Major Litigation of a Subsidiary
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
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