Palm Eco-Town Development Co.Ltd(002431) : Business Briefing in the fourth quarter of 2021

Securities code: 002431 securities abbreviation: Palm Eco-Town Development Co.Ltd(002431) Announcement No.: 2022-012

Palm Eco-Town Development Co.Ltd(002431)

Briefing on operation in the fourth quarter of 2021

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.

In accordance with the Listing Rules of Shenzhen Stock Exchange and the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 3 – industry information disclosure and other relevant provisions, Palm Eco-Town Development Co.Ltd(002431) (hereinafter referred to as “the company”) announced its business in the fourth quarter of 2021 as follows:

1、 Orders in the fourth quarter of 2021 (October December)

Unit: 10000 yuan

New contracts signed in the fourth quarter accumulated signed by the end of the reporting period. Signed orders of business types not yet completed in the fourth quarter

Quantity amount quantity amount

Project package (42 172303.98 622 2247852.51 0 including PPP project)

Design 62 3554.61 1899 104738.89 3 342.15

Total 104 175858.59 2521 2352591.4 3 342.15

Note: since the above relevant data are phased data and have not been audited, there may be differences between the above business indicators and data and the data disclosed in the periodic report, which is for reference only.

2、 Performance of major projects (Note: major projects refer to projects whose amount accounts for more than 30% of the audited operating income of the company in the previous fiscal year)

1. In January 2017, the company, Henan Investment Group Co., Ltd., Anhui Water Resources Development Co., Ltd. and Luohe Shali River Construction Management Committee jointly signed the franchise agreement for Luohe Shali River phase II comprehensive renovation PPP project, with a total investment of about 2.06 billion yuan. The business mode is PPP mode, with a construction period of 5 years, an operation and maintenance period of 20 years, and the commencement date is November 18, 2017. As of the end of the reporting period, the project has invested a total of 163.23677 million yuan. At present, the project is in the construction period and is advancing as agreed, and has not yet entered the settlement period. The employer is a government platform company, and there is no major risk in project settlement and payment collection.

2. In January 2017, the company signed the PPP project contract for comprehensive treatment of Laiyang Wulong River basin with Laiyang housing, planning and construction administration. The project contract amount is 2 billion yuan, the business model is PPP model, and the project cooperation period is 20 years, including 3 years of construction period, 17 years of operation period, and the commencement date is June 27, 2017. As of the end of the reporting period, The cumulative investment amount of the project is 514435500 yuan. At present, the project is in the construction period and has not yet entered the settlement period. The employer is a government platform company, and there is no major risk in project settlement and payment collection. 3. In May 2017, the company, Zhejiang xinzhongyuan Construction Co., Ltd., Zhejiang Xicheng Engineering Design Co., Ltd., Guangzhou Xucheng Development Investment Management Co., Ltd. and Ningbo Fenghua sunshine Bay Development and construction headquarters jointly signed the PPP project agreement of Fenghua Binhai health town. The investment amount of the project is 1.979 billion yuan, and the business mode is PPP mode. The cooperation period of the project is 20 years, and the commencement date is October 1, 2017. As of the end of the reporting period, the cumulative investment amount of the project is 259.2263 million yuan. At present, the project is in the construction period and has not entered the settlement period. The employer is a government platform company, and there is no major risk in project settlement and payment collection.

4. In November 2018, the consortium formed by the company, Sinohydro bureau 5 Co., Ltd. Jsti Group(300284) and ocean Sunshine Investment Development Co., Ltd. won the bid for the “PPP project for comprehensive treatment of Zhuxi River in Shangrao County”, with a total investment of 1599969300 yuan. Then the parties signed relevant contracts. The business model is PPP mode. The project cooperation period is 15 years, the construction period is 2 years, the operation period is 13 years, and the commencement date is February 15, 2019. By the end of the reporting period, the cumulative investment amount of the project was 997612900 yuan. At present, the project is in the construction period and has not yet entered the settlement period. The employer is a government platform company, and there is no major risk in project settlement and payment collection.

5. In June 2020, the company signed the contract of Baofeng urban water system ecological restoration project with the bid inviter, with a total investment of 150 million yuan. The business mode of the project is EPC general contracting. The construction period is 36 months and the commencement date is August 2020. The project has entered the normal construction stage. The project is promoted according to the established progress. The payment is collected according to the progress and the segmented inspection and settlement are implemented according to the agreement. By the end of the reporting period, the company had achieved an operating revenue of 316.7792 million yuan and received a project payment of 129.0782 million yuan. It is expected that there are no major risks in the project settlement and payment collection.

6. In September 2020, the consortium formed by the company and China State Construction Engineering Corporation Limited(601668) seventh Engineering Bureau Co., Ltd. signed the EPC contract for the overall urbanization construction project on the East Bank of Shahe in Luohe urban-rural integration demonstration area with the bid inviter. The total investment estimate of the project is 1.576 billion yuan. The business mode is EPC general contracting mode, and the total construction period of the overall project is 890 days. The project has entered the normal construction stage, The project shall be carried out according to the established schedule. By the end of the reporting period, the company had achieved an operating income of 205.0391 million yuan. According to the project progress and contract payment collection, there is no major risk in the settlement and payment collection of the project.

It is hereby announced.

Palm Eco-Town Development Co.Ltd(002431) board of directors January 27, 2022

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