Palm Eco-Town Development (002431.SZ) successfully bid for the project of the headquarters base of SAIC Assets in Henan, involving a bid amount of approximately 250 million yuan.

Palm Eco-Town Development (002431.SZ) announced that on February 6, 2025, the company was informed through the "Zhengzhou Public Resources Trading Center" that the consortium composed of the company and China State Construction Engineering Corporation Fifth Engineering Bureau Limited ("CSCEC Fifth Bureau") has been awarded the contract for the construction of the "SAIC Asset Henan Headquarters Base Project". The winning bid for this project is 440 million RMB, with the consortium being the successful bidder. The company, as a member of the consortium, is expected to be involved in approximately 250 million RMB of the winning bid amount.