Securities Code: 002431
Securities Abbreviation: ST Palm
Announcement No.: 2026-098
Palm Eco-Town Development Co., Ltd.
Announcement on Major Litigation
The Company and all members of the 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.
Special Reminder:
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Litigation Stage: The case has been accepted by the court.
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Party Status: Defendant.
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Amount Involved: RMB 34,545,256.71, which accounts for 8.21% of the company's net assets as of the most recent audited period (2025).
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Impact on Listed Company's Profitability: The 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 Eco-Town Development Co., Ltd. (hereinafter referred to as the "Company") received the "Complaint" and other documents served by the People's Court of Gushi County on August 10, 2026. The case number is (2026) Yu 1525 Min Chu No. 8662. It is understood that Henan Liangcheng Municipal Engineering Co., Ltd. (hereinafter referred to as the "Plaintiff") has sued the Company in the People's Court of Gushi County due to a dispute over a construction engineering contract.
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 Situation of the Case
(I) Parties to the Litigation
Plaintiff: Henan Liangcheng Municipal Engineering Co., Ltd.
Defendant: Palm Eco-Town Development Co., Ltd.
(II) Main Content of the Complaint