after the trademark transfer, the transfer that is declared invalid will not take effect. The registered trademark that is declared invalid will be announced by the Trademark Office, and the exclusive right to use the registered trademark will be regarded as nonexistent from the beginning. A decision or ruling declaring a registered trademark invalid has no retrospective effect on the judgments and rulings of trademark infringement cases made and executed by the people's court before the invalidation, the conciliation statement, the decision on handling trademark infringement cases made and executed by the administrative department for industry and commerce, and the trademark transfer or use license contract that has been executed. However, the losses caused to others by the malice of the trademark registrant shall be compensated. If, at the expiration of the statutory time limit, the parties concerned do not apply for reexamination of the Trademark Office's decision to declare a registered trademark invalid, or do not bring a suit in a people's court against the reexamination decision of the Trademark Review and Adjudication Board, the decision of the Trademark Office or the reexamination decision or ruling of the Trademark Review and Adjudication Board will take effect.