ST Palm: Related party Yuzi Group continues to repay part of the company's debt on its behalf

ST Palm announced that its indirect controlling shareholder, Yuzi Group, is a related party and has previously provided multiple financing guarantees for the company and made payments on its behalf for multiple debts. On November 13, 2026, Yuzi Group repaid on behalf of the company matured borrowings of RMB 34.7709 million to Shanghai Pudong Development Bank Zhengzhou Branch, and repaid on behalf of the company part of the principal and interest on borrowings totaling RMB 100 million to China CITIC Bank Zhengzhou Branch. Yuzi Group currently provides the company with a guarantee limit of no more than RMB 3.4 billion in aggregate, valid for 3 years, and the company provides corresponding counter-guarantees and pays guarantee fees.