ST Palm announced that the company previously sued Yuzi Urban and Rural Construction and Development Co., Ltd. in Nanle County due to a construction contract dispute involving 359.313 million yuan. The case was heard in May 2026, and the first trial had not been decided as of the date of disclosure of this announcement. On September 4, 2026, the company received a “Civil Counterclaim” served by the court. Nanle County Yuzi Urban and Rural Construction and Development Co., Ltd. filed a counterclaim in the case, demanding that the company return the overpaid project payment of 58.0384 million yuan and pay interest on capital occupation, etc. The counterclaim was accepted by the court. Currently, the case is still in the trial stage, and there is uncertainty about the verdict.

ST Palm announced that the company previously sued Yuzi Urban and Rural Construction and Development Co., Ltd. in Nanle County due to a construction contract dispute involving 359.313 million yuan. The case was heard in May 2026, and the first trial had not been decided as of the date of disclosure of this announcement. On September 4, 2026, the company received a “Civil Counterclaim” served by the court. Nanle County Yuzi Urban and Rural Construction and Development Co., Ltd. filed a counterclaim in the case, demanding that the company return the overpaid project payment of 58.0384 million yuan and pay interest on capital occupation, etc. The counterclaim was accepted by the court. Currently, the case is still in the trial stage, and there is uncertainty about the verdict.