What changed in this filing

/stocks — the workspaceLOADING

Item 3. Legal Proceedings

2026-03-30 compared with 2025-04-09 · 36 added, 20 removed, 2 unchanged (97% of the section changed)

LEGAL PROCEEDINGS

August 24, 2021, Plaintiff, Millennium Fine Art Inc.

(“MFAI”) filed a Complaint against the Company, alleging that on or

about April 21, 2021, MFAI and the Company entered into a contract (the “Contract”) by which MFAI agreed to create 7,700

non-fungible tokens (“NFT”) in exchange for sixteen million dollars ($16,000,000) worth of shares of the Company.

claims that the Company breached the Contract by refusing delivery of the NFTs and not delivering $16 million worth of shares to

The Complaint asserts causes of action for breach of contract, special damages and promissory estoppel, and seeks sixty-six

million dollars ($66,000,000) in damages, specific performance by the Company according to the terms of the Contract, and

MFAI’s attorney’s fees and costs.

October 18, 2021, the Company filed a motion, denying all the material allegations of the Complaint, and seeking to stay the case and

compel arbitration pursuant to the purported Contract.

In its motion, the Company only sought to enforce the terms of the Contract as

it relates to arbitration but otherwise denied the existence of a valid and binding contract.

Over MFAI’s opposition, the Court

granted the Company’s motion, and stayed the case, pending the resolution of the Parties’ arbitration of the dispute.

or about April 1, 2022, MFAI filed a Request for Arbitration with Judicial Arbitration and Mediation Services, Inc.

(JAMS) dispute resolution

services, in response to which the Company filed a Statement of Answer, denying the material allegations of the Complaint, which the

Company deems to be without merit.

The matter is in the discovery phase, and the Company intends to continue vigorously defending this

The arbitration final hearing is scheduled to be held in Las Vegas, Nevada on January 12-16, 2026.

On August 24, 2021, Millennium

Fine Art Inc.

(“MFAI”) filed a complaint against the Company in the 8 th District Court of Clark County, State of

Nevada, captioned Millennium Fine Art Inc.

Greenpro Capital Corp.

A-21-840033-B).

MFAI alleges that on or about April 21,

2021, MFAI and the Company entered into a contract (the “Contract”) pursuant to which MFAI agreed to create approximately

7,700 non-fungible tokens (“NFTs”) in exchange for $16 million in shares of the Company’s common stock.

MFAI contends

that the Company breached the Contract by refusing delivery of the NFTs and failing to issue the agreed-upon shares.

The complaint asserts

cause of action for breach of contract, special damages, and promissory estoppel, and seeks approximately $66 million in damages, specific

performance of the alleged Contract, and attorney’s fees and costs.

On October 18, 2021, the Company

filed a motion, denying all the material allegations of the complaint, and seeking to stay the litigation and compel arbitration pursuant

to the purported the Contract’s arbitration clause.

The Company’s motion sought only to enforce the arbitration provision

and otherwise denied the existence of a valid and binding contract.

Over MFAI’s opposition, the court granted the Company’s

motion and stayed the proceeding pending arbitration.

On or about April 1, 2022, MFAI

filed a Request for Arbitration with Judicial Arbitration and Mediation Services, Inc.

The Company subsequently filed its Statement

of Answer, denying the material allegations and asserting that the claims are without merit.

The arbitration remains in the discovery

phase, and the Company intends to vigorously defend this matter.

A final arbitration hearing is currently scheduled to be held in Las

Vegas, Nevada, from July 14 through July 17, 2026.

The Company is currently unable

to reasonably estimate the possible loss or range of losses, if any, that may result from this proceeding.

Management does not believe,

based on information presently available, that the outcome of this matter will have a material adverse effect on the Company’s financial

condition or results of operations;

however, an adverse determination could have such an effect.

MINE SAFETY DISCLOSURES

Not applicable.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 3. Legal Proceedings