Palm Eco-Town Development (002431.SZ) subsidiary jointly won the bid for the construction project of high-standard farmland in Suiyang District, Shangqiu City in 2025.

Palm Eco-Town Development (002431.SZ) announced that the company recently received the "Bid-winning Notice" of the "2025 High-standard Farmland Construction Project in Suiyang District, Shangqiu City" from the Agricultural and Rural Bureau of Suiyang District, Shangqiu City. The company's wholly-owned subsidiary, Henan Palm Water Conservancy Construction and Development Co., Ltd. (hereinafter referred to as "Henan Palm Construction"), together with Henan Yanduo Construction Engineering Co., Ltd., has been confirmed as the winning bidder of the project, with a total investment of approximately 229 million yuan. The farmland construction task covers 90,900 mu, including the construction of 30,900 mu of new high-standard farmland and the transformation and enhancement of 60,000 mu. The main construction contents include field consolidation, irrigation and drainage, field roads, soil improvement, farmland power distribution, farmland protection, and ecological environment protection projects.