Genius Group Shareholders Approve Spin Off of Entrepreneur Resorts Limited and New Constitution

Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading entrepreneur edtech and education group, held an Extraordinary General Meeting today, May 16, 2023, at 8:00 a.m. ET (8:00 p.m. Singapore Time).

At the meeting, shareholders voted for and passed the following resolutions:

• The capital reduction and distribution of shares in Entrepreneur Resorts Limited to shareholders

• The adoption of the new constitution

Now that both resolutions are passed, the process for the spin off of Entrepreneur Resorts Limited will continue as planned with a court approval in Singapore and the NYSE process. We expect the spin off to be completed in Q3 this year.

Roger Hamilton, CEO of Genius Group, said, “The Board thanks Genius Group’s shareholders for passing those two resolutions which will enable Genius Group and Entrepreneur Resorts Limited’s management teams to streamline operations and focus on their respective business models more effectively.”

About Genius Group

Genius Group is a world leading entrepreneur Edtech and education group, with a mission to disrupt the current education model with a student-centered, life-long learning curriculum that prepares students with the leadership, entrepreneurial and life skills to succeed in today’s market. The group has a group user base of 4.3 million users in 200 countries, ranging from ages 0 to 100.

For more information, please visit https://www.geniusgroup.net/

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