ST Palm announced that Meizhou Zongyuan, a holding subsidiary of the company, and Guangdong Guoyuan signed “Settlement Agreements” on three construction contract disputes, confirming that the total cost of the projects involved was 52.154,900 yuan, and Guangdong Guoyuan relinquished all of the liquidated damages claims. The two parties will withdraw their appeal to the Meizhou Intermediate People's Court within 3 days after signing the agreement. Guangdong Guoyuan will bear the total litigation fees and security costs of the first instance, which will be borne by Guangdong Guoyuan, and the appeal fees for the second instance will be borne by each of the parties. The project payment is paid in three installments, and payment is made within 5 working days after the corresponding payment is received. From September 29 to October 26, 2026, the company and its subsidiaries added a total amount of 269.14,300 yuan in small claims lawsuits and arbitration cases.

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