Genesis: Fully-owned subsidiary Genesis Shenzhen lost its appeal lawsuit and has to compensate Beijing Jingdiao with 382 million yuan.

Genesis announcement, a wholly-owned subsidiary Shenzhen Genesis lost the second trial and needs to compensate Beijing Jindiao Technology Group Co., Ltd. for economic losses of 380 million yuan and reasonable expenses of 2 million yuan, totaling 3.82 billion yuan, and bear the first and second trial case acceptance fees totaling 3.9354 million yuan. It is estimated that the judgment result of this time will have an impact on the current net profit of the company of approximately 2.79 billion yuan.