ST Palm: Construction project dispute lawsuit received a court ruling, involving a sum of 1.08 billion yuan.

ST Palm announced that, due to a dispute over construction project construction contracts, the company had previously sued the Hebi Qibin District Municipal Construction Development Center, involving an amount of 144 million yuan. On July 6, 2026, the Qibin District People's Court of Hebi City ruled that the defendant must pay the company the construction funds of 108 million yuan and interest within ten days, while rejecting the company's other litigation requests. The acceptance fee and litigation preservation fee shall be borne jointly by both parties. The financial impact of this lawsuit on the company will need to be determined in conjunction with the implementation of the judgment, with the final confirmation based on the results of the annual audit by the auditing firm.