Unexpectedly, Zhijia dropped more than 7%. Golden Eagle Fund's six products collectively hold 54.87 million shares, with a total floating loss of over 17 million yuan.

On July 28th, the stock price of Genius Group plummeted as soon as it opened, hitting the limit-down price at one point. As of the time of writing, the stock price was at 2.91 yuan, a sharp decrease of 7.91%, causing the total market value to evaporate by over 1.5 billion yuan, leaving only 18.2 billion yuan. The trigger for this capital storm was the shocking news from the previous day - the Chairman and actual controlling shareholder of the company, Wang Linpeng, passed away by falling off a building on the morning of July 27th at the age of 57. Faced with the market rumors, Genius Group staff responded to investors by stating, "We have not yet received any instructions from the company, but we have already reported to the Shenzhen Stock Exchange. The company will release an announcement soon, and all information should be confirmed by that announcement." This statement failed to calm market panic. From the opening price of 3.23 yuan on the previous trading day to the current price of 2.91 yuan, the stock price has dropped by nearly 10% in just two days, putting pressure on institutional investors. Jinying Fund's 6 products collectively held 54.87 million shares of Genius Group at the end of the first quarter. Based on this position, the Jinying Fund has suffered a loss of up to 17.56 million yuan in just two trading days, and the fund's net asset value may face a severe test.