ST Palm announced that due to a construction contract dispute, Zhuzhou Ba Landscaping Engineering Co., Ltd. sued the company and Shangrao Zongyuan Ecological Environment Co., Ltd., and the People's Court of Guangxin District of Shangrao City has filed a case and accepted it, but has not yet held a trial. The amount involved was 450.36 million yuan, accounting for 10.69% of the company's 2025 audited net assets. The plaintiff requested confirmation of the invalidity of the relevant construction contract and supplementary agreement, ordered the company to pay 38.106 million yuan in project discount compensation, interest on capital occupation, overdue maintenance costs, etc., and ordered Shangrao Zongyuan Ecological Environment Co., Ltd. to assume subrogation liability within the scope of outstanding project payments. There is still uncertainty about the impact of this lawsuit on the company's current and post-term profits. From August 28 to August 31, 2026, the company and its holding subsidiaries added a total of 129.641 million yuan in small claims lawsuits and arbitration cases, accounting for 3.08% of the 2025 audited net assets.

ST Palm announced that due to a construction contract dispute, Zhuzhou Ba Landscaping Engineering Co., Ltd. sued the company and Shangrao Zongyuan Ecological Environment Co., Ltd., and the People's Court of Guangxin District of Shangrao City has filed a case and accepted it, but has not yet held a trial. The amount involved was 450.36 million yuan, accounting for 10.69% of the company's 2025 audited net assets. The plaintiff requested confirmation of the invalidity of the relevant construction contract and supplementary agreement, ordered the company to pay 38.106 million yuan in project discount compensation, interest on capital occupation, overdue maintenance costs, etc., and ordered Shangrao Zongyuan Ecological Environment Co., Ltd. to assume subrogation liability within the scope of outstanding project payments. There is still uncertainty about the impact of this lawsuit on the company's current and post-term profits. From August 28 to August 31, 2026, the company and its holding subsidiaries added a total of 129.641 million yuan in small claims lawsuits and arbitration cases, accounting for 3.08% of the 2025 audited net assets.