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ST Palm announced that from July 15 to 20, 2026, the total amount of new lawsuits and arbitration involving the company and its holding subsidiaries was 32.8263 million yuan, accounting for 7.80% of the 2025 audited net assets. Among them, Henan Zhonglu Road and Bridge Engineering Co., Ltd. sued the company for a construction contract dispute of 21.3974 million yuan, which is pending trial; there are 3 other lawsuits and arbitrations involving less than 10 million yuan, totaling 11.428,900 yuan. None of the new cases have been heard, and the impact on the company's profits is uncertain. Some plaintiffs applied for asset preservation or freezing of some funds in the company's accounts.
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ST Palm announced that from July 15 to 20, 2026, the total amount of new lawsuits and arbitration involving the company and its holding subsidiaries was 32.8263 million yuan, accounting for 7.80% of the 2025 audited net assets. Among them, Henan Zhonglu Road and Bridge Engineering Co., Ltd. sued the company for a construction contract dispute of 21.3974 million yuan, which is pending trial; there are 3 other lawsuits and arbitrations involving less than 10 million yuan, totaling 11.428,900 yuan. None of the new cases have been heard, and the impact on the company's profits is uncertain. Some plaintiffs applied for asset preservation or freezing of some funds in the company's accounts.
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