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Core Viewpoint - The announcement from Palm Eco-Town Development Co., Ltd. reveals an increase in litigation and arbitration cases, with a total amount involved of 159.95 million yuan, representing 9.64% of the company's audited net assets for 2024 [1][2]. Summary by Sections Litigation and Arbitration Cases - From May 24, 2025, to September 2, 2025, the company and its subsidiaries faced a total of 15 new litigation and arbitration cases, with a cumulative amount of 159.95 million yuan [1]. - The breakdown of the cases shows that the company acted as the plaintiff in 88.40% of the total amount (approximately 141.40 million yuan) and as the defendant in 11.60% (approximately 18.55 million yuan) [1]. Reasons for Increased Litigation - The increase in litigation is attributed to cash flow issues among some enterprises, prompting the company to initiate lawsuits to recover accounts receivable and avoid bad debt risks [2]. - Delays in project completion and settlement procedures have led to downstream suppliers suing the company for payment, contributing to the rise in cases against the company [2]. Company’s Response to Litigation Risks - The company is actively managing litigation risks by implementing various strategies, including asset preservation measures for cases it initiates and evidence collection for cases against it [2]. - The company is also pursuing mediation and settlement options to resolve cases promptly and is collaborating with legal counsel to develop litigation strategies for significant cases [2]. Progress of Previously Disclosed Major Cases - The announcement includes updates on previously disclosed major litigation and arbitration cases, with several cases awaiting court hearings and some already in the execution phase [3][4]. - Notable cases include disputes over construction contracts and loan agreements, with amounts involved ranging from 1.01 million yuan to 90.90 million yuan [3][4].

Core Viewpoint - Shanghai Lanqin Construction Engineering Co., Ltd. has been established with a registered capital of 100,000 RMB, indicating a new player in the construction industry [1] Company Summary - The legal representative of the company is Su Bo, which may suggest a centralized leadership structure [1] - The company’s business scope includes a wide range of activities such as sales of construction decoration materials, metal materials, and building steel products, indicating a diversified approach to the construction supply chain [1] - The company is also involved in the research and development of new materials, which could position it favorably in the evolving construction market [1] Industry Summary - The company is permitted to engage in construction engineering, highlighting its compliance with regulatory requirements in the construction sector [1] - The range of services includes not only sales but also construction and landscaping engineering, reflecting a comprehensive service offering within the construction industry [1]

Group 1 - Shanghai Construction Second Engineering Group has established a new company named Shanghai Construction Second Engineering Group Zhi Yuan Construction Co., Ltd. with a registered capital of 42 million yuan [1] - The legal representative of the new company is Yu Bo, and its business scope includes construction engineering, construction design, intelligent building system design, cultural relic protection engineering, and specialized construction operations [1] - The company is jointly held by Shanghai Construction's wholly-owned subsidiary Shanghai Construction Second Engineering Group Co., Ltd. and Shanghai Bund Investment Development (Group) Co., Ltd. [1]

Group 1 - China Railway established a new engineering construction company in Sichuan, named Sichuan Engineering Construction Co., Ltd. [1] - The registered capital of the new company is 50 million yuan [1] - The business scope includes construction engineering, power generation, transmission, distribution services, inspection and testing services, and auxiliary activities for railway transportation [1] Group 2 - The new company is wholly owned by China Railway through indirect holdings [1]

Group 1 - A new company, China Railway Wuhan Electrification Bureau Group Sichuan Engineering Construction Co., Ltd., has been established with a registered capital of 50 million yuan [1] - The legal representative of the new company is Gu Jianrong, and its business scope includes construction engineering, power generation, transmission, distribution, inspection and testing services, and auxiliary activities for railway transportation [1] - The company is wholly owned by China Railway (601390) through indirect shareholding [1]