On the evening of August 19, Genew announced that the company and its controlling subsidiary had received a total of government subsidies amounting to 6.0487 million yuan from January 1, 2025, to the date of this announcement, accounting for 22.05% of the audited net profit attributable to the shareholders of the parent company for the most recent fiscal year. The aforementioned government subsidies are expected to have a certain positive impact on the company's profits for the year 2025