Is this the correct syntax for an Informix update?
update table1
set table1.code = 100
from table1 a, table2 b, table3 c
where a.key = c.key
a.no = b.no
a.ke         
        
For Informix SE 7.25...
Another solution would be to break it down into two queries:
First, get the ROWIDs for the required records (filtered on multiple tables):
SELECT a.ROWID
  FROM table1 a, table2 b, table3 c
 WHERE a.key = c.key
   AND a.no = b.no
   AND a.key = c.key
   AND a.code = 10
   AND b.tor = 'THE'
   AND a.group = 4183
   AND a.no IN ('1111','1331','1345')
Put the result into a comma separated string.
Then, update only those records for the main table where the ROWID was found in the first query:
UPDATE table1 a
   SET a.code = 100
WHERE a.ROWID in ([comma separated ROWIDs found above])