Genius Group Restructures Board with Four New Appointees for Global AI-Powered Education Expansion

Genius : Restructures Board with Four New Appointees Form 6 K

Genius Group Restructures Board with Four New Appointees SINGAPORE, October 15, 2024 -Genius Group Limited (NYSE American: GNS) ("Genius Group" or the "Company"), a leading AI-powered education and acceleration group, today announced changes to its Board and Management team commensurate with its international growth plans. The Company's Board of Directors has appointed Eduardo Huerta-Mercado Herrera, Ian Putter, Thomas Power and Gary Pattison to the Board, bringing with them extensive experience at Board and Senior Management levels in high-growth, international public companies and higher education institutions. Eduardo Huerta-Mercado Herrera is a seasoned education professional and currently the Director of the Innovation and Technology Center and Global MBA program at GERENS Escuela de Postgrado in Peru. He is also a Senior Advisor and Research Scholar to Purdue University Daniels School of Business, Director at United Technologies for Kids, Director at Invent College and Director at Girls Who Venture. In addition to his entrepreneurial education experience, he consults on public investment and governance to The World Bank and The Inter-American Development Bank in Latin America, Europe and Asia. Ian Putter has over 20 years of experience within international banking and fintech, as CFO, board member and other technical finance re-engineering and integration roles. He was the Head of Blockchain Domain at Standard Bank and established the Blockchain Research Institute Africa, a think tank that collaborated with research institutes across the globe to identify blockchain use cases relevant to Africa. He is currently the Chief Compliance Officer and Chief Financial Officer of Tokinvest in Dubai and a board member of Hedera LLC. Thomas Power has over thirty years of leadership experience in fast-growth technology companies. He co-founded the UK-based Ecademy, which grew into one of the first social networks for entrepreneurs with 650,000 members. He has been Board Director at Digital Youth Academy, LeadORS, Electric Dog, 9 Spokes, Digital Entrepreneur, The Business Café, Savortex, Team Blockchain and the Blockchain Industry Compliance and Regulation Association (BICRA). Gary Pattison is an education entrepreneur with over 25 years of experience as a turnaround specialist, CEO wingman, and behavioural adaptation strategist. He has successfully led numerous projects over the decades, including notable turnarounds of a SABMiller operation in South Africa and a foundry for Finnish company Metso, as well as many rapid transformation initiatives, including his work with the London-listed Grit Real Estate Income Group. The four new appointees to the Board are based in Peru, Dubai, England and Mauritius, respectively, aligning with the Company's international growth plans in South America, Europe and Asia. They will join Roger James Hamilton and Suraj Naik on the Board, and the Company will be presenting the new appointees at the Company's next Annual General Meeting for confirmation by shareholder approval. The new appointments replace four directors who are exiting the Board. Following a written request from the Company's Senior Management and certain shareholders for their resignations, on October 10, 2024, Michael Moe, Richard Berman, Salim Ismail and Riaz Shah submitted their resignations to the Company, which were accepted by the Board of Directors. The resignation of the four directors was requested due to conflicts of interest and breaches of fiduciary and statutory duties to the Company as set forth in the Form 6-K filed with the Securities and Exchange Commission on October 15, 2024. As part of the Board and management restructuring, Adrian Reese has resigned as CFO and Gaurav Dama has been appointed as Interim CFO. Gaurav Dama has been Senior Finance Manager for the Company for seven years, managing the Company's global finance team. On the current restructuring, the CEO of Genius Group, Roger Hamilton, said, "Genius Group is building an increasingly international footprint with the growth of our AI-powered education platform and Genius Cities model. This restructure aligns with our growth in Asia, Europe and South America, and I look forward to working with our new Board and management to achieve our mission." Please see the Company's Report on Form 6-K filed with the SEC on October 15, 2024 for additional information regarding the resignations of four directors and appointment of new directors. About Genius Group Genius Group (NYSE: GNS) is a leading provider of AI-powered, digital-first education and acceleration solutions for the future of work. Genius Group serves 5.4 million users in over 100 countries through its Genius City model and online digital marketplace of AI training, AI tools and AI talent. It provides personalized, entrepreneurial AI pathways combining human talent with AI skills and AI solutions at the individual, enterprise and government levels. To learn more, please visit www.geniusgroup.net. Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as "may," "will", "plan," "should," "expect," "anticipate," "estimate," "continue," or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading "Risk Factors" in the Company's Annual Reports on Form 20-F, as may be supplemented or amended by the Company's Reports of a Foreign Private Issuer on Form 6-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise. No information in this press release should be construed as any indication whatsoever of the Company's future revenues, results of operations, or stock price.

Genius Group Restructures Board with Four New Appointees

, (GLOBE NEWSWIRE) -- (NYSE American: GNS) ("Genius Group" or the "Company"), a leading AI-powered education and acceleration group, today announced changes to its Board and Management team commensurate with its international growth plans. The Company's Board of Directors has appointed , , and to the Board, bringing with them extensive experience at Board and Senior Management levels in high-growth, international public companies and higher education institutions. is a seasoned education professional and currently the Director of the Innovation and Technology Center and Global MBA program at GERENS Escuela de Postgrado in . He is also a Senior Advisor and Research Scholar to , Director at United Technologies for Kids, Director at and Director at Girls Who Venture. In addition to his entrepreneurial education experience, he consults on public investment and governance to and The in , and . has over 20 years of experience within international banking and fintech, as CFO, board member and other technical finance re-engineering and integration roles. He was the Head of Blockchain Domain at and established the Blockchain Research Institute Africa, a think tank that collaborated with research institutes across the globe to identify blockchain use cases relevant to . He is currently the Chief Compliance Officer and Chief Financial Officer of Tokinvest in and a board member of . has over thirty years of leadership experience in fast-growth technology companies. He co-founded the -based Ecademy, which grew into one of the first social networks for entrepreneurs with 650,000 members. He has been Board Director at , LeadORS, Electric Dog, , Digital Entrepreneur, The Business Café, Savortex, Team Blockchain and the (BICRA). is an education entrepreneur with over 25 years of experience as a turnaround specialist, CEO wingman, and behavioural adaptation strategist. He has successfully led numerous projects over the decades, including notable turnarounds of a SABMiller operation in and a foundry for Finnish company Metso, as well as many rapid transformation initiatives, including his work with the -listed Grit Real Estate Income Group. The four new appointees to the Board are based in , , and , respectively, aligning with the Company's international growth plans in , and . They will join and on the Board, and the Company will be presenting the new appointees at the Company's next Annual General Meeting for confirmation by shareholder approval. The new appointments replace four directors who are exiting the Board. Following a written request from the Company's Senior Management and certain shareholders for their resignations, on , , , and submitted their resignations to the Company, which were accepted by the Board of Directors. The resignation of the four directors was requested due to conflicts of interest and breaches of fiduciary and statutory duties to the Company as set forth in the Form 6-K filed with the on . As part of the Board and management restructuring, has resigned as CFO and has been appointed as Interim CFO. has been Senior Finance Manager for the Company for seven years, managing the Company's global finance team. On the current restructuring, the CEO of , , said, "Genius Group is building an increasingly international footprint with the growth of our AI-powered education platform and Genius Cities model. This restructure aligns with our growth in , and , and I look forward to working with our new Board and management to achieve our mission." Please see the Company's Report on Form 6-K filed with the on for additional information regarding the resignations of four directors and appointment of new directors. About (NYSE: GNS) is a leading provider of AI-powered, digital-first education and acceleration solutions for the future of work. serves 5.4 million users in over 100 countries through its Genius City model and online digital marketplace of AI training, AI tools and AI talent. It provides personalized, entrepreneurial AI pathways combining human talent with AI skills and AI solutions at the individual, enterprise and government levels. To learn more, please visit www.geniusgroup.net. Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as "may," "will", "plan," "should," "expect," "anticipate," "estimate," "continue," or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading "Risk Factors" in the Company's Annual Reports on Form 20-F, as may be supplemented or amended by the Company's Reports of a Foreign Private Issuer on Form 6-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise. No information in this press release should be construed as any indication whatsoever of the Company's future revenues, results of operations, or stock price.

Genius Group reshapes board for global expansion By Investing.com

SINGAPORE - Genius Group Limited (NYSE American: GNS), an AI-driven education organization, announced today a significant reshuffle of its Board and Management team in alignment with its strategy for international growth. The company has appointed four new directors with experience in high-growth, international public companies and higher education. Eduardo Huerta-Mercado Herrera from Peru, Ian Putter of Dubai, Thomas Power based in England, and Gary Pattison from Mauritius have joined the Board, bringing expertise from various sectors including banking, fintech, education, and technology. These appointments come ahead of the company's Annual General Meeting, where shareholder confirmation will be sought. The new appointments follow the resignation of four directors - Michael Moe, Richard Berman, Salim Ismail, and Riaz Shah - on October 10, 2024, after a written request from Senior Management and certain shareholders. The resignations were due to conflicts of interest and breaches of fiduciary and statutory duties, as detailed in the Form 6-K filed with the SEC. Additionally, Adrian Reese stepped down as CFO, with Gaurav Dama stepping in as Interim CFO. Dama has been with Genius Group for seven years, managing the global finance team. CEO Roger Hamilton commented on the restructuring, stating the company's commitment to expanding its AI-powered education platform and Genius Cities model across Asia, Europe, and South America. Genius Group serves 5.4 million users worldwide through its digital marketplace, offering AI training and tools. This announcement is based on a press release statement and includes forward-looking statements subject to risks and uncertainties. The company has advised readers not to place undue reliance on these projections. For more information regarding the directorial changes and appointments, refer to the Company's SEC filings on October 15, 2024. In other recent news, Genius Group Limited has been active with significant developments. The company's CEO, Roger Hamilton, acquired 500,000 ordinary shares and received approval for the purchase of up to 10 million shares, reflecting confidence in the company's trajectory. Genius Group also reported a 27% increase in revenue to $23.1 million in 2023, with a target of $105 million for 2024. The company successfully completed Phase 1 of a $22 million contract with the government of Kazakhstan to develop a Sovereign AI. In addition, Genius Group secured approximately $3.8 million from the exercise of Series 2024-C warrants, managed by H.C. Wainwright & Co., to strengthen its financial position. In a strategic move to comply with NYSE American's minimum price standards, the company announced a reverse stock split at a 1-for-10 ratio. The company also canceled its Extraordinary General Meeting after reevaluating the Proposed Share Consolidation plan. Genius Group's AI technology system was implemented by the Asset Recovery Committee of the Prosecutor General's Office of the Republic of Kazakhstan, aiding in the identification and recovery of illegally obtained assets. Lastly, the firm added Mr. Riaz Shah, a respected figure in the education sector, to its Board of Directors. These are the recent developments for Genius Group. As Genius Group Limited (NYSE American: GNS) undergoes significant changes in its Board and Management team, it's crucial to consider the company's financial position and market performance. According to InvestingPro data, GNS has shown strong revenue growth, with a 26.76% increase in the last twelve months as of Q4 2023, and an even more impressive 49.12% growth in Q4 2023 alone. This aligns with the company's ambitious plans for international expansion and the development of its AI-powered education platform. However, investors should be aware of some challenges. An InvestingPro Tip indicates that GNS is "quickly burning through cash," which could be a concern given the company's growth strategy. Additionally, the stock has experienced significant volatility, with a 91.59% price decline over the past year. This volatility is further emphasized by another InvestingPro Tip stating that the "stock generally trades with high price volatility." Despite these challenges, analysts remain optimistic. An InvestingPro Tip suggests that "analysts anticipate sales growth in the current year" and "predict the company will be profitable this year." This positive outlook could be attributed to the company's strategic restructuring and focus on expanding its user base, which currently stands at 5.4 million worldwide. For investors seeking a more comprehensive analysis, InvestingPro offers 14 additional tips for GNS, providing a deeper understanding of the company's financial health and market position.