Palm Co., Ltd. announced that due to a construction contract dispute between the company Meizhou Zongyuan and Guangdong Kangdie Technology, Meizhou Zongyuan's special fund-raising account at the Huangpi branch of the Guangzhou Agricultural Commercial Bank was previously frozen. On October 20, 2026, the company made an inquiry and learned that 2220.37 yuan in the account has been unfrozen. The funds will be used to permanently replenish working capital, and the company will simultaneously complete the account cancellation procedure. As of the date of disclosure of the announcement, the company's special fund raising account of RMB 16.8878 million in the Guangzhou branch sales department of China Minsheng Bank is still frozen, and this portion of the funds cannot be transferred out of supplementary working capital for the time being.

Palm Co., Ltd. announced that due to a construction contract dispute between the company Meizhou Zongyuan and Guangdong Kangdie Technology, Meizhou Zongyuan's special fund-raising account at the Huangpi branch of the Guangzhou Agricultural Commercial Bank was previously frozen. On October 20, 2026, the company made an inquiry and learned that 2220.37 yuan in the account has been unfrozen. The funds will be used to permanently replenish working capital, and the company will simultaneously complete the account cancellation procedure. As of the date of disclosure of the announcement, the company's special fund raising account of RMB 16.8878 million in the Guangzhou branch sales department of China Minsheng Bank is still frozen, and this portion of the funds cannot be transferred out of supplementary working capital for the time being.