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According to the Genesis announcement, the second judgment in the dispute between Shenzhen Genesis, a wholly-owned subsidiary of the company, and Beijing Jingdiao Technology Secrets required a total joint compensation of 382 million yuan and litigation costs of 39.34 million yuan. The case has already entered the execution stage. Recently, 100% of Shenzhen Genesis's shares in Wuxi Genesis were frozen, and a plot of land under its name in Bao'an, Shenzhen was seized. The land had a book value of RMB 28.197,700 as of September 30, 2026. As of the date of disclosure of the announcement, Shenzhen Genesis had paid an execution payment of 10 million yuan, and a total of 450 million yuan of the registered capital corresponding to 100% of the shares of the three subsidiaries had been frozen; the court had accumulated plans to deduct 76.0833 million yuan of bank funds and freeze 29.32,800 yuan of bank funds, for a total of 105 million yuan. At present, the above enforcement matters have not had a substantial impact on the company's daily production and operation, and the Supreme Court has accepted the application for retrial in this case.
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According to the Genesis announcement, the second judgment in the dispute between Shenzhen Genesis, a wholly-owned subsidiary of the company, and Beijing Jingdiao Technology Secrets required a total joint compensation of 382 million yuan and litigation costs of 39.34 million yuan. The case has already entered the execution stage. Recently, 100% of Shenzhen Genesis's shares in Wuxi Genesis were frozen, and a plot of land under its name in Bao'an, Shenzhen was seized. The land had a book value of RMB 28.197,700 as of September 30, 2026. As of the disclosure date of the announcement, Shenzhen Genesis had paid an execution payment of 10 million yuan, and a total of 450 million yuan of the registered capital corresponding to 100% of the shares of the three subsidiaries had been frozen; the court had accumulated plans to deduct 76.0833 million yuan of bank funds and freeze 29.32,800 yuan of bank funds, for a total of 105 million yuan. At present, the above enforcement matters have not had a substantial impact on the company's daily production and operation, and the Supreme Court has accepted the application for retrial in this case.
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