Guangdong Create Century Intelligent Equipment Group Corp Ltd

Guangdong Create Century Intelligent Equipment Group received a warning letter from the Guangdong Securities Regulatory Bureau for failing to disclose material litigation progress in a timely manner. The company's wholly-owned subsidiary, Shenzhen Create Century, was ordered by the Supreme People's Court in a second-instance ruling to jointly compensate Beijing Jingdiao for economic losses of 379 million yuan and reasonable expenses of 2 million yuan, totaling 382 million yuan, due to patent infringement. Shenzhen Create Century failed to perform on time, and Beijing Jingdiao applied for compulsory enforcement in January 2026, freezing its bank accounts. As of March 16, a cumulative 75.11 million yuan had been frozen, and from March 17 onward, funds were deducted, with cumulative deductions reaching 76.01 million yuan as of March 27. The company delayed disclosing the above until May 14, 2026, and also failed to disclose the enforcement progress in its 2025 annual report. The Guangdong Securities Regulatory Bureau determined that the company, chairman Xia Jun, and board secretary Wu Yongbing violated information disclosure regulations and issued them a warning letter. The company stated it has filed for a retrial and will actively rectify the situation.

Genesis has received a warning letter from the Guangdong Securities Regulatory Bureau, and the Shenzhen Stock Exchange has also issued a regulatory letter, after the company failed to promptly disclose the enforcement progress of a 382 million yuan patent infringement lawsuit involving its wholly-owned subsidiary Shenzhen Genesis. The warning was directed at the company, chairman Xia Jun, and board secretary Wu Yongbing. In December 2025, the Supreme People's Court issued a second-instance judgment ordering Shenzhen Genesis to jointly compensate Beijing Jingdiao for economic losses of 379 million yuan and reasonable expenses of 2 million yuan, totaling 382 million yuan. After the judgment took effect, Shenzhen Genesis did not fulfill its obligations on time. Beijing Jingdiao applied for compulsory enforcement in January 2026 and froze its bank accounts. As of March 16, a cumulative total of 75.1116 million yuan had been frozen, and by March 27, a cumulative total of 76.0079 million yuan had been deducted. Genesis delayed disclosing a temporary announcement until May 14, 2026, and did not disclose the enforcement status in its 2025 annual report. The company stated that Shenzhen Genesis has applied to the Supreme People's Court for a retrial of the technical secret dispute case and the application has been accepted, but there is significant uncertainty as to whether a retrial will be granted and its outcome.