Palm Holdings: Part of the raised funds of 87,100 yuan have been frozen.

Palm Group announced that in 2017, the company privately issued shares to eight specific parties, raising a net amount of funds of 976 million yuan. Recently, a portion of the raised funds has been frozen, with the company's account at the Guangzhou branch of Minsheng Bank frozen at 84,393.20 yuan, and the account of Meixian District Zongyuan Project Investment Management Co., Ltd. at the Huangpi branch of Guangzhou Rural Commercial Bank frozen at 2,738.98 yuan, totaling 87,132.18 yuan. The reason for the freeze is due to a construction project contract dispute leading to litigation and asset preservation. The frozen funds account for 0.0089% of the net amount of funds raised and 0.0053% of the audited net assets attributable to the parent company in 2024, with no significant impact on the company's operations and fundraising projects. The company and the sponsoring institution will closely monitor the situation.