What changed in this filing

/stocks — the workspaceLOADING

Item 1. Business

2025-04-09 compared with 2024-03-28 · 583 added, 375 removed, 795 unchanged (55% of the section changed)

3 unchanged sentences

Our corporate structure is set forth below:

list of our group including all subsidiaries with a brief description of respective business is set forth below:

list of our group, including all subsidiaries with a brief description of respective businesses, is set forth below:

Capital Corp.

6 unchanged sentences

Resources (HK) Limited (Hong Kong)

Greenpro’s intellectual property and currently holds six trademarks and applications thereof.

intellectual property and currently holds six trademarks and applications thereof.

Resources Sdn.

13 unchanged sentences

known as Greenpro Synergy Network (Shenzhen) Limited) (China)

corporate advisory services such as tax planning, cross-border listing solution and financial

consulting for clients in China.

corporate advisory services such as tax planning, cross-border listing solution and financial consulting for clients in China.

UBS Global Limited (Hong Kong)

3 unchanged sentences

UBS Global Limited (Belize)

business advisory services with a main focus on offshore company formation advisory and company secretarial services, such as tax

planning, bookkeeping and financial review.

It focuses on South-East Asia and China clients.

business advisory services with a focus on offshore company formation advisory and company secretarial services, such as tax planning,

bookkeeping and financial review.

It focuses on Southeast Asia and China clients.

Corporate Services Limited (Hong Kong)

12 unchanged sentences

business consulting and advisory services in Malaysia.

licensed asset exchange operator under Labuan Financial Services Authority (LFSA), Malaysia.

licensed asset platform operator under Labuan Financial Services Authority (LFSA), Malaysia.

Venture Capital Limited (Anguilla)

2 unchanged sentences

investment in commercial real estate in Hong Kong.

Business Hub Limited (Malaysia)

a digital banking business in Malaysia.

Incorporation

32 unchanged sentences

at a total consideration of HK$2 (approximately $0.26).

At the same day after this acquisition, GRHK allotted additional 1,075,000 shares

to GHL for HK$1,075,000 (approximately $138,709).

On the same day after this acquisition, GRHK allotted an additional 1,075,000

shares to GHL for HK$1,075,000 (approximately $138,709).

June 30, 2014, GRHK acquired 100% of the issued and outstanding shares of Greenpro Resources Sdn.

28 unchanged sentences

expense of $531 from the value of the Policy, GNFA received a net cash surrender value of $39,638.

July 28, 2017, Greenpro Financial Consulting (Shenzhen) Limited (formerly known as Greenpro Synergy Network (Shenzhen) Limited) (“GFCSZ”),

a wholly owned subsidiary of GNFA, was incorporated in Shenzhen, China.

GFCSZ was initially engaged in provision of a borderless platform

through networking events and programs in China for our members to seek professional services, business opportunities, and to exchange

sources of information and research.

Currently, GFCSZ principally provides corporate advisory and financial consulting services to the

clients in China.

July 28, 2017, Greenpro Financial Consulting (Shenzhen) Limited (formerly known as Greenpro Synergy Network (Shenzhen) Limited)

(“GFCSZ”), a wholly owned subsidiary of GNFA, was incorporated in Shenzhen, China.

GFCSZ was initially engaged in the

provision of a borderless platform through networking events and programs in China for our members to seek professional services and

business opportunities and to exchange sources of information and research.

Currently, GFCSZ principally provides corporate

advisory and financial consulting services to clients in China.

April 20, 2020, after our directors, Messrs.

3 unchanged sentences

of Green-X Corp., a Labuan, Malaysia company

June 22, 2022, Green-X Corp.

December 23, 2021, Green-X Corp.

(“Green-X”) was founded and incorporated by our director, Mr.

Lee Chong Kuang (“Mr.

in Labuan, Malaysia.

Lee”) in Labuan, Malaysia and consolidated with our group on June 22, 2022.

and Reorganization of Subsidiaries

7 unchanged sentences

Lee was the Company’s Chief Executive Officer, President and director, and Mr.

the Company’s Chief Financial Officer, Secretary, Treasurer and director.

Lee and Loke each held a 44.6% interest in the

was the Company’s Chief Financial Officer, Secretary, Treasurer and director.

Lee and Loke each held a 44.6% interest

in the Company.

Before the transaction, Mr.

Lee was GRBVI’s Chief Executive Officer and director, and Mr.

Loke was GRBVI’s Chief

Financial Officer and director, and Messrs.

GRBVI’s Chief Financial Officer and director, and Messrs.

Lee and Loke each held a 50% interest in GRBVI.

Upon the consummation of the acquisition,

Lee and Loke received, in the aggregate, $25,500 in cash and 907,000 shares of restricted Common Stock of the Company, and the

acquisition was accounted for as a transfer among entities under common control.

consummation of the acquisition, Messrs.

Lee and Loke received, in aggregate, $25,500 in cash and 907,000 shares of restricted

Common Stock of the Company, and the acquisition was accounted for as a transfer among entities under common control.

of Greenpro Venture Capital Limited, an Anguilla corporation

September 30, 2015, the Company acquired all the issued and outstanding securities of Greenpro Venture Capital Limited, an Anguilla corporation

(“GVCL”), from its shareholders, Messrs.

September 30, 2015, the Company acquired all the issued and outstanding securities of Greenpro Venture Capital Limited, an Anguilla

corporation (“GVCL”), from its shareholders, Messrs.

Lee and Loke, respectively.

At the time of the acquisition of GVCL, Mr.

the Company’s Chief Executive Officer, President and director, and Mr.

Loke was the Company’s Chief Financial Officer, Secretary,

Treasurer and director.

At the time of the acquisition of GVCL,

Lee was the Company’s Chief Executive Officer, President and director, and Mr.

Loke was the Company’s Chief

Financial Officer, Secretary, Treasurer and director.

Lee and Loke each held a 43.02% interest in the Company.

At the time of the acquisition of GVCL, Mr.

of the acquisition of GVCL, Mr.

Lee was GVCL’s Chief Executive Officer and director, Mr.

Loke was GVCL’s Chief Financial Officer and director, and Messrs.

Loke was GVCL’s Chief Financial

Officer and director, and Messrs.

Lee and Loke each held a 50% interest in GVCL.

Upon the consummation of the acquisition, Messrs.

Lee and Loke received, in the aggregate,

$6,000 in cash and 1,326,000 shares of restricted Common Stock of the Company, and the acquisition was accounted for as a transfer among

entities under common control.

Lee and Loke received, in aggregate, $6,000 in cash and 1,326,000 shares of restricted Common Stock of the Company, and the

acquisition was accounted for as a transfer among entities under common control.

of A&G International Limited, a Belize company

23 unchanged sentences

The purchase price was determined based on the business value

generated from F&A at the time of acquisition.

generated by F&A at the time of acquisition.

The acquisition was accounted for as a transfer among entities under common control.

8 unchanged sentences

on June 13, 2018, and subsequently renamed

to Greenpro ESG Solutions Sdn.

Greenpro ESG Solutions Sdn.

on June 1, 2023) (“GPESG”), from our director, Mr.

Lee for MYR1 (approximately $0.25)

and the acquisition was accounted for as a transfer among entities under common control.

Lee, for MYR1 (approximately $0.25), and

the acquisition was accounted for as a transfer among entities under common control.

On June 7, 2016, GPESG issued another 200 shares

to GHL at the price of MYR120,000 (approximately $30,000), resulting in GHL owing 60% of GPESG.

to GHL at the price of MYR120,000 (approximately $30,000), resulting in GHL owning 60% of GPESG.

August 30, 2018, the remaining 40% of the outstanding shares of GPESG were transferred to GHL, and currently, GHL holds 100% of GPESG.

9 unchanged sentences

of Greenpro Family Office Limited, a Hong Kong company

July 21, 2017, our wholly owned subsidiary, GRBVI acquired 51% of the outstanding shares of Greenpro Family Office Limited (“GFOL”)

from our director, Mr.

July 21, 2017, our wholly owned subsidiary, GRBVI, acquired 51% of the outstanding shares of Greenpro Family Office Limited

(“GFOL”) from our director, Mr.

Loke was the sole shareholder of GFOL before the acquisition.

This acquisition was accounted for as

a transfer among entities under common control.

On September 21, 2018, the remaining 49% shareholdings of GFOL were transferred to GRBVI,

and currently GRBVI holds 100% of GFOL.

This acquisition

was accounted for as a transfer among entities under common control.

On September 21, 2018, the remaining 49% of the shareholdings

of GFOL were transferred to GRBVI, and currently, GRBVI holds 100% of GFOL.

of Greenpro Sparkle Brokers Limited (formerly known as Sparkle Insurance Brokers Limited), a Hong Kong company

8 unchanged sentences

The Company aims to expand its long-term and general insurance services through the acquisition

of controlling interests:

of Forward Win International Limited, a Hong Kong company

2 unchanged sentences

FWIL is principally engaged in commercial real estate investments in Hong Kong.

April 15, 2024, we acquired the remaining 40% shares of FWIL from the non-controlling interest (the “NCI”) by distribution

of 40% of FWIL’s real estate properties for consideration of its acquisition and settlement of loan from the NCI.

of Global Business Hub Limited, a Labuan, Malaysia company

June 6, 2024, we acquired Global Business Hub Limited (“GBHL”) from our Chief Executive Officer and director, Mr.

Kuang for a price of $100.

We acquired GBHL and aim to develop a digital banking business in Malaysia.

disposal, and reacquisition of Greenpro Capital Village Sdn.

9 unchanged sentences

was renamed Greenpro Capital Village Sdn.

On October 1, 2015, the

Company sold 49% of the outstanding shares of GCVSB to QSC Asia Sdn.

Bhd., an unrelated party (“QSC”), for MYR49,000 (approximately

On June 26, 2019, the Company disposed GCVSB due to continued losses incurred by GCVSB and sold its remaining 51% interest

in GCVSB to Ms.

On October 1, 2015,

the Company sold 49% of the outstanding shares of GCVSB to QSC Asia Sdn.

Bhd., an unrelated party (“QSC”), for MYR49,000

(approximately $12,794).

On June 26, 2019, the Company disposed of GCVSB due to continued losses incurred by GCVSB and sold its

remaining 51% interest in GCVSB to Ms.

Tan Tee Yong, an unrelated party (“Ms.

5 unchanged sentences

July 2021, the Company acquired all the issued and outstanding shares of common stock of GCVSB from our director, Mr.

Lee at a consideration

of MYR167 (approximately $40) and redeemed 347,000 shares out of a total of 504,750 shares of preferred stock from 25 preferred stock

shareholders of GCVSB by issuance of 7,953 shares of the Company’s Common Stock valued at $69,191 or $8.7 per share.

Total consideration

of the acquisition was $69,231.

The Company’s reacquisition of GCVSB aimed to expand its business consulting services in Malaysia.

consideration of MYR167 (approximately $40) and redeemed 347,000 shares out of a total of 504,750 shares of preferred stock from 25

preferred stock shareholders of GCVSB by issuance of 7,953 shares of the Company’s Common Stock valued at $69,191 or $8.7 per

The total consideration of the acquisition was $69,231.

The Company’s reacquisition of GCVSB aimed to expand its

business consulting services in Malaysia.

of subsidiaries

5 unchanged sentences

of Greenpro KSP Holding Group Company Limited (formerly known as KSP Holding Group Company Limited), a Thailand company

July 20, 2018, our wholly owned subsidiary, Greenpro Venture Capital Limited (“GVCL”) entered into a sale and purchase agreement

July 20, 2018, our wholly owned subsidiary, Greenpro Venture Capital Limited (“GVCL”) entered into a sale and purchase

agreement with Mr.

Prapakorn Saokliew and Ms.

Surapa Jamjang, each holding 45.13% and 45.12% shareholdings of a Thailand company, KSP Holding Group

Company Limited (renamed to Greenpro KSP Holding Group Company Limited on August 7, 2018) (“KSP”), respectively.

to the agreement, GVCL agreed to acquire approximately 49% of the shareholdings of KSP in exchange for $363,930, made up of $75,000 in

cash and 3,852 shares of the Company’s Common Stock valued at $288,930.

The Company also issued 58 shares of the Company’s

Common Stock valued at $75 per share, or a total of $4,335, as a commission that was also capitalized as cost of investment in KSP.

provides accounting, auditing, and consulting services in Thailand.

The Company accounted for its investment in KSP under the equity

method of accounting.

Surapa Jamjang, each holding 45.13% and 45.12% shareholdings of a Thailand company,

KSP Holding Group Company Limited (renamed to Greenpro KSP Holding Group Company Limited on August 7, 2018) (“KSP”),

respectively.

Pursuant to the agreement, GVCL agreed to acquire approximately 49% of the shareholdings of KSP in exchange for

$363,930, made up of $75,000 in cash and 3,852 shares of the Company’s Common Stock valued at $288,930.

The Company also

issued 58 shares of the Company’s Common Stock valued at $75 per share, or a total of $4,335, as a commission that was also

capitalized as the cost of investment in KSP.

KSP provides accounting, auditing, and consulting services in Thailand.

accounted for its investment in KSP under the equity method of accounting.

December 31, 2018, the Company determined that its investment in KSP was impaired and recorded an impairment of unconsolidated investment

8 unchanged sentences

April 13, 2016

Agape ATP Corporation (Nevada, USA)

April 14, 2017

Supplies health and wellness products.

Millennium Fine Art Inc.

9 unchanged sentences

October 19, 2020

Provides crypto currency trading and digital asset exchange services.

Provides cryptocurrency trading and digital asset exchange services.

(British Virgin Islands)

18 unchanged sentences

August 27, 2021

Provides a digital catalog management platform for users to upload, share and retrieve digital catalogs from any devices.

Provides a digital catalog management platform for users to upload, share and retrieve digital catalogs from any device.

ACT Wealth Academy Inc.

1 unchanged sentence

February 21, 2022

Provides trainings, seminars, events and academy in fields related, but not limited to, financial and wealth.

REBLOOD Biotech Corp.

(Nevada, USA)

April 1, 2022

Provides health management and biotechnology services.

Provides training, seminars, events and academies in fields related, but not limited to, financial and wealth.

Best2bid Technology Corp.

1 unchanged sentence

Provides an online bidding platform for the art and creative industry stakeholders.

Celmonze Wellness Corporation

SEATech Ventures Corp.

(Nevada, USA)

February 8, 2023

Provision of beauty and wellness solutions to clients.

August 8, 2024

Provision of mentoring and incubation services to clients.

of Greenpro Trust Limited

March 30, 2015, our wholly owned subsidiary, Greenpro Resources Limited, a British Virgin Islands company (“GRBVI”) acquired

300,000 shares, representing approximately 8% of the issued and outstanding shares of Greenpro Trust Limited, a Hong Kong company (“GTL”),

from its shareholders at a price of HK$300,000 (approximately $38,710) or HK$1 per share.

GTL is principally engaged in provision of

trusteeship, custodial and fiduciary services to clients in Hong Kong.

March 30, 2015, our wholly owned subsidiary, Greenpro Resources Limited, a British Virgin Islands company (“GRBVI”),

acquired 300,000 shares, representing approximately 8% of the issued and outstanding shares of Greenpro Trust Limited, a Hong Kong

company (“GTL”), from its shareholders at a price of HK$300,000 (approximately $38,710) or HK$1 per share.

principally engaged in the provision of trusteeship, custodial and fiduciary services to clients in Hong Kong.

April 13, 2016, another wholly owned subsidiary of the Company, Asia UBS Global Limited, a Belize company (“AUB”), acquired

3 unchanged sentences

common directors of GTL and the Company.

of December 31, 2022, the net asset value (“NAV”) of GTL was $107,835 and according to the Company’s 11% interest in

GTL’s NAV, our investment was valued approximately $11,981.

Hence, the Company recorded an impairment loss of $39,632 for the year

ended December 31, 2022.

2023, no indicator of impairment occurred and hence, our investment value in GTL remains the same at $11,981 as of December 31, 2023.

of Agape ATP Corporation

April 14, 2017, our wholly owned subsidiary, Greenpro Venture Capital Limited (“GVCL”) acquired 17,500,000 shares of common

stock of Agape ATP Corporation, a Nevada corporation (“Agape”), par value of $0.0001 per share, for $1,750.

Agape is principally

engaged in provision of health and wellness products and advisory services to clients in Malaysia.

As of December 31, 2021, GVCL holds

approximately 5% of the total outstanding shares of Agape and recognized the investment at historical cost of $1,750 under other investments.

January 21, 2022, GVCL entered into a forfeiture agreement with Agape.

Pursuant to the agreement, GVCL agreed to transfer 16,500,000

shares out of its total invested 17,500,000 shares of common stock of Agape to Agape for nil consideration.

As a result, GVCL holds approximately

1% of the total outstanding shares of Agape and recognized a loss on forfeiture of other investment of $1,650.

of December 31, 2023, GVCL owns 1,000,000 shares of common stock of Agape and recognized our investment in Agape under a historical cost

of $100 or $0.0001 per share.

December 31, 2022, the net asset value (“NAV”) of GTL was $107,835 and according to the Company’s 11% interest in

GTL’s NAV, our investment was valued at approximately $11,981.

Hence, the Company recorded an impairment loss of $39,632 for

the year ended December 31, 2022.

2023, no indicator of impairment has occurred and hence, our investment value in GTL remains the same at $11,981 as of December 31, 2024,

and 2023, respectively.

of Millennium Fine Art Inc.

18 unchanged sentences

has not been distributed.

the year ended December 31, 2023, the Company made a full impairment of $4,000,000 for the investment in MFAI due to continuing

losses incurred by MFAI and uncertainty of the existence of the Millennium Sapphire.

As a result, our investment in MFAI was

recorded with a nil value as of December 31, 2023.

the year ended December 31, 2023, the Company made a full impairment of $4,000,000 for the investment in MFAI due to continuing losses

incurred by MFAI and uncertainty of the existence of the Millennium Sapphire.

As a result, our investment in MFAI was recorded with a

nil value as of December 31, 2023.

of December 31, 2024, our investment in MFAI remains with a nil value.

of Ata Plus Sdn.

July 8, 2020, GVCL entered into an acquisition agreement with all the eight shareholders of Ata Plus Sdn.

July 8, 2020, GVCL entered into an acquisition agreement with all eight shareholders of Ata Plus Sdn.

Bhd., a company incorporated

6 unchanged sentences

per share, on November 18, 2020.

of December 31, 2022, the fair value of APSB was appraised by an independent appraiser, Ravia Global Appraisal Advisory Limited (the

“Appraiser”) and according to our 15% interest in APSB, our investment was valued approximately $736,000.

Hence, the Company

recorded an impairment loss of $13,992 for the year ended December 31, 2022.

the year ended December 31, 2023, the Company made a further impairment of $736,000 for the investment in APSB due to APSB’s continuing

December 31, 2022, the fair value of APSB was appraised by an independent appraiser, Ravia Global Appraisal Advisory Limited (the

“Appraiser”) and according to our 15% interest in APSB, our investment was valued at approximately $736,000.

Company recorded an impairment loss of $13,992 for the year ended December 31, 2022.

the year ended December 31, 2023, the Company made a further impairment of $736,000 for investment in APSB due to APSB’s continuing

losses, and the Company’s shareholdings in APSB were diluted from 15% to approximately 4% at the end of 2023.

1 unchanged sentence

in APSB was fully impaired with a nil value as of December 31, 2023.

of December 31, 2024, our investment in APSB remains the same with a nil value.

of Global Leaders Corporation

4 unchanged sentences

in Hong Kong and China.

of December 31, 2023, GVCL recognized the investment in GLC at historical cost of $900 under other investments.

acquisition, GVCL recognized the investment in GLC at a historical cost of $900 under other investments.

the year ended December 31, 2024, the Company made a full impairment of $900 for the investment in GLC due to its continuous losses and

stockholders’ deficit.

As a result, our investment in GLC was fully impaired with a nil value as of December 31, 2024.

of First Bullion Holdings, Inc.

8 unchanged sentences

to the agreement, Mr.

Tang and FBHI also granted to GVCL an option for 180 days following the date of the agreement to purchase an additional

Tang and FBHI also granted GVCL an option for 180 days following the date of the agreement to purchase an additional

8% of the issued and outstanding shares of FBHI, at an agreed valuation of FBHI equal to $20,000,000.

In consideration of acquisition

In consideration of the acquisition

of the option, GVCL agreed to issue 25,000 shares of the Company’s restricted Common Stock to Mr.

11 unchanged sentences

of the total issued and outstanding shares of FBHI.

The investment was recognized at historical cost of $2,289,500 under other investments.

of December 31, 2022, the fair value of FBHI was appraised by the

Appraiser and according to our 18% interest in FBHI, our investment was valued approximately $246,000.

The depreciation

of FHBI’s fair value was mainly due to a significant decrease of its revenue.

Hence, the Company recorded an impairment loss of

$2,043,500 for the year ended December 31, 2022.

The investment was recognized at a historical cost of $2,289,500 under other

December 31, 2022, the fair value of FBHI was appraised by the Appraiser and according to our 18% interest in FBHI, our investment

was valued at approximately $246,000.

The depreciation of FHBI’s fair value was mainly due to a significant decrease in its

Hence, the Company recorded an impairment loss of $2,043,500 for the year ended December 31, 2022.

the year ended December 31, 2023, the Company made a further impairment of $246,000 for the investment in FBHI due to FBHI’s dormant

As a result, our investment in FBHI was fully impaired with a nil value as of December 31, 2023.

of December 31, 2024, our investment in FBHI remains the same with a nil value.

of New Business Media Sdn.

1 unchanged sentence

Lee Yuet Lye and Mr.

Chia Min Kiat, shareholders of New Business

Chia Min Kiat, shareholders of New

Business Media Sdn.

Bhd (“NBMSB”).

NBMSB is a Malaysia company involved in operating a Chinese media portal, provides digital news

services focusing on Asian capital markets.

NBMSB is also one of the biggest Chinese language digital business news networks in Malaysia

and has readers from across Southeast Asia.

NBMSB is a Malaysian company involved in operating a Chinese media portal that

provides digital news services focusing on Asian capital markets.

NBMSB is also one of the biggest Chinese-language digital business

news networks in Malaysia and has readers from across Southeast Asia.

to the agreement, both Ms.

Chia have agreed to sell to GVCL an 18% equity stake in NBMSB in consideration of a new issuance

of 25,759 shares of the Company’s restricted Common Stock, valued at $411,120 or $15.96 per share.

The consideration was derived

from an agreed valuation of NBMSB of $2,284,000, based on its assets including customers, fixed assets, cash and cash equivalents, liabilities

as of November 1, 2020.

Therefore, GVCL recognized the investment in NBMSB at historical cost of $411,120 under other investments.

of December 31, 2022, the fair value of NBMSB was appraised by an independent appraiser, the

Appraiser and according to our 18% interest in NBMSB, our investment was valued approximately $82,000.

The depreciation

of NBMSB’s fair value was mainly due to its significant drop of revenue.

Hence, the Company recorded an impairment loss of $329,120

for the year ended December 31, 2022.

2023, no indicator of impairment occurred and hence, our investment value in NBMSB remains the same at $82,000 as of December 31, 2023.

Chia have agreed to sell to GVCL an 18% equity stake in NBMSB in consideration of a new

issuance of 25,759 shares of the Company’s restricted Common Stock, valued at $411,120 or $15.96 per share.

The consideration

was derived from an agreed valuation of NBMSB of $2,284,000, based on its assets including customers, fixed assets, cash and cash

equivalents, and liabilities as of November 1, 2020.

Therefore, GVCL recognized the investment in NBMSB at a historical cost of

$411,120 under other investments.

December 31, 2022, the fair value of NBMSB was appraised by an independent appraiser, the Appraiser and according to our 18% interest

in NBMSB, our investment was valued at approximately $82,000.

The depreciation of NBMSB’s fair value was mainly due to its significant

drop in revenue.

Hence, the Company recorded an impairment loss of $329,120 for the year ended December 31, 2022.

2023, no indicator of impairment occurred and hence, our investment value in NBMSB remained the same at $82,000 as of December 31, 2023.

the year ended December 31, 2024, the Company made a full impairment of $82,000 for the investment in NBMSB due to NBMSB’s failure

to provide updated financial statements for evaluation.

As a result, our investment in NBMSB was fully impaired with a nil value

as of December 31, 2024.

of Angkasa-X Holdings Corp.

1 unchanged sentence

principally provides turnkey services, from strategic satellite anchor station solutions, including construction and facility design,

and antenna integration to fully deployable, integrated tactical platform solutions (“Angkasa”).

and antenna integration to fully deployable, integrated tactical platform solutions (“Angkasa-X”).

Pursuant to the agreement,

GVCL acquired 28,000,000 ordinary shares of Angkasa at a price of $2,800 or $0.0001 per share.

of December 31, 2023, GVCL recorded the investment in Angkasa at historical cost of $2,800 under other investments.

GVCL acquired 28,000,000 ordinary shares of Angkasa-X at a price of $2,800 or $0.0001 per share.

acquisition, GVCL recorded the investment in Angkasa-X at a historical cost of $2,800 under other investments.

the year ended December 31, 2024, the Company made a full impairment of $2,800 for the investment in Angkasa-X due to its continuous

losses and stockholders’ deficit.

As a result, our investment in Angkasa-X was fully impaired with a nil value as of December 31,

of Jocom Holdings Corp.

3 unchanged sentences

1,500,000 shares of common stock of Jocom at a price of $150 or $0.0001 per share.

of December 31, 2023, the Company recorded the investment in Jocom at historical cost of $150 under other investments.

acquisition, the Company recorded the investment in Jocom at a historical cost of $150 under other investments.

the year ended December 31, 2024, the Company made a full impairment of $150 for the investment in Jocom due to its continuous losses

and stockholders’ deficit.

As a result, our investment in Jocom was fully impaired with a nil value as of December 31, 2024.

of Ata Global Inc.

July 30, 2021, GVCL entered into a subscription agreement with Ata Global Inc., a Nevada corporation, is principally in provision of

financial technology (“FinTech”) services (“Ata Global”).

July 30, 2021, GVCL entered into a subscription agreement with Ata Global Inc., a Nevada corporation, principally in the provision

of financial technology (“FinTech”) services (“Ata Global”).

Pursuant to the agreement, GVCL acquired

2,250,000 shares of common stock of Ata Global at a price of $225 or $0.0001 per share.

of December 31, 2023, the Company recorded the investment in Ata Global at historical cost of $225 under other investments.

acquisition, the Company recorded the investment in Ata Global at a historical cost of $225 under other investments.

the year ended December 31, 2024, the Company made a full impairment of $225 for the investment in Ata Global due to its failure to provide updated financial statements for evaluation.

As a result, our investment in Ata Global was fully impaired with a nil value as of December

of catTHIS Holdings Corp.

August 27, 2021, GVCL entered into a subscription agreement with catTHIS Holdings Corp., a Nevada corporation, which provides a digital

catalog management platform for users to upload, share and retrieve digital catalogs from any devices (“catTHIS”).

catalog management platform for users to upload, share and retrieve digital catalogs from any device (“catTHIS”).

to the agreement, GVCL acquired 2,000,000 shares of common stock of catTHIS at a price of $200 or $0.0001 per share.

of December 31, 2023, the Company recorded the investment in catTHIS at historical cost of $200 under other investments.

acquisition, the Company recorded the investment in catTHIS at a historical cost of $200 under other investments.

the year ended December 31, 2024, the Company made a full impairment of $200 for the investment in catTHIS due to its continuous loss

and stockholders’ deficit.

As a result, our investment in catTHIS was fully impaired with a nil value as of December 31, 2024.

of ACT Wealth Academy Inc.

3 unchanged sentences

common stock of ACT Wealth at a price of $600 or $0.0001 per share.

of December 31, 2023, the Company recorded the investment in ACT Wealth at a historical cost of $600 under other investments.

of REBLOOD Biotech Corp.

April 1, 2022, GVCL entered into a subscription agreement with REBLOOD Biotech Corp., a Nevada corporation, which is principally in provision

of health management and biotechnology services (“REBLOOD”).

Pursuant to the agreement, GVCL acquired 1,000,000 shares of

common stock of REBLOOD at a price of $100 or $0.0001 per share.

of December 31, 2023, the Company recorded the investment in REDBLOOD at a historical cost of $100 under other investments.

acquisition, the Company recorded the investment in ACT Wealth at a historical cost of $600 under other investments.

the year ended December 31, 2024, the Company made a full impairment of $600 for the investment in ACT Wealth due to its failure to provide updated financial statements for evaluation.

As a result, our investment in ACT Wealth was fully impaired with a nil value as of December

of Best2bid Technology Corp.

2 unchanged sentences

to the agreement, GVCL acquired 5,500,000 shares of common stock of Best2bid at a price of $550 or $0.0001 per share.

of December 31, 2023, the Company recorded the investment in Best2Bid at a historical cost of $550 under other investments.

of Celmonze Wellness Corporation.

acquisition, the Company recorded the investment in Best2Bid at a historical cost of $550 under other investments.

the year ended December 31, 2024, the Company made a full impairment of $550 for the investment in Best2bid due to its failure to provide updated financial statements for evaluation.

As a result, our investment in Best2bid was fully impaired with a nil value as of December

of SEATech Ventures Corp.

August 8, 2024, GVCL entered into a stock purchase agreement with an unrelated party, Seah Kok Wah (“Mr.

to the agreement, Mr.

Seah agreed to sell his 923,544 shares of common stock of SEATech Ventures Corp.

(“SEATech”) to GVCL

for approximately $92 or $0.0001 per share.

SEATech is a Nevada corporation and principally provides mentoring and incubation services

The investment was recognized at a cost of $92 under other investments.

addition to the acquisition in August 2024, together with the remaining 2,279,813 SEATech shares which were acquired and impaired during

2018, GVCL in aggregate holds 3,203,357 shares of common stock of SEATech as of December 31, 2024.

of December 31, 2024, the Company recorded the investment in SEATech at a historical cost of $92 under other investments.

and disposal or termination of other investments

and disposal of Agape ATP Corporation

April 14, 2017, our wholly owned subsidiary, Greenpro Venture Capital Limited (“GVCL”), acquired 17,500,000 shares of

common stock of Agape ATP Corporation, a Nevada corporation (“Agape”), par value of $0.0001 per share, for $1,750.

is principally engaged in the provision of health and wellness products and advisory services to clients in Malaysia.

As of December

31, 2021, GVCL holds approximately 5% of the total outstanding shares of Agape and recognized the investment at a historical cost of

$1,750 under other investments.

January 21, 2022, GVCL entered into a forfeiture agreement with Agape.

Pursuant to the agreement, GVCL agreed to transfer 16,500,000

shares out of its total invested 17,500,000 shares of common stock from Agape to Agape for nil consideration.

As a result, GVCL holds

approximately 1% of the total outstanding shares of Agape and recognized a loss on forfeiture of other investment of $1,650.

October 10, 2023, Agape’s common stock has been uplisted from OTC to The Nasdaq Stock Market LLC (“NASDAQ”).

December 31, 2023, GVCL owned 1,000,000 shares of common stock of Agape and recognized our investment in Agape under a historical cost

of $100 or $0.0001 per share.

February 16, 2024, GVCL sold 200,000 shares of Agape’s common stock through a broker at a price of $180,000.

As a result, GVC recognized

a gain on disposal of other investment of $179,980.

August 15, 2024, Agape filed a Certificate of Change with the Secretary of State of the State of Nevada to effect a 1-for-20 reverse

stock split of the shares of Agape’s common stock, par value $0.0001 per share on August 30, 2024.

As a result of the reverse

stock split, our 800,000 shares of Agape’s common stock were reduced to 40,000 shares, and the investment cost was retained at

August 30, 2024, GVCL sold all remaining 40,000 Agape shares through a broker at a price of $127,697.

As a result, GVCL recognized a

gain on disposal of other investment of $127,617.

and disposal of Celmonze Wellness Corporation.

February 8, 2023, GVCL entered into a subscription agreement with Celmonze Wellness Corporation, a Nevada corporation, which provides

3 unchanged sentences

The investment was recognized at a historical cost of $500 under other investments.

of December 31, 2023, the Company recorded the investment in Celmonze at a historical cost of $500 under other investments.

and termination or disposal of other investments

and termination of Innovest Energy Fund

February 11, 2021, Greenpro Resources Limited, a subsidiary of the Company (“GRL”) entered into a subscription agreement

with Innovest Energy Fund, a global multi-asset fund incorporated in the Cayman Islands, is principally engaged in developing a multi-faceted

suite of products and services for the crypto currency industry and economy (the “Fund”).

Pursuant to the agreement, GRL

agreed to subscribe for $7,206,000 worth of Class B shares of the Fund by issuing 300,000 shares of the Company’s restricted Common

Stock, valued at $7,206,000 to the Fund.

April 7, 2021, the Company issued 300,000 shares of its restricted Common Stock to the Fund and issued 6,000 shares of its restricted

Common Stock to a designee of the Fund as a subscription fee of $144,120 ($24.02 per share) associated with the Fund.

December 31, 2021, GRL determined that the value of its investment in the Fund based on the closing stock price of the Company’s

Common Stock was impaired.

Hence, an impairment loss of $5,349,600 was recorded for the year ended December 31, 2021, and the investment

in the Fund was revalued at $1,856,400 as of December 31, 2021.

December 31, 2022, GRL made a further impairment of $1,532,400 and revalued the investment in the Fund at $324,000 based on the closing

stock price of our Common Stock as of December 31, 2022.

May 18, 2023, the Company decided to terminate its investment in the Fund due to significant impairments suffered since subscription

and to cancel the shares issued to the Fund due to the Fund’s failure to provide consideration for the shares.

As a result, 300,000

shares of the Company’s restricted Common Stock were cancelled, the value of Common Stock of $300 and the value of additional paid-in

capital of $7,205,700, in aggregate of $7,206,000, were reversed accordingly.

The Company recorded a reversal of impairment of other

investment of $6,882,000 during the year ended December 31, 2023.

and disposal of Simson Wellness Tech.

February 19, 2021, GVCL entered into a subscription agreement with Simson Wellness Tech.

Corp., a Nevada corporation, which is a digital

platform that acts as middleware for distribution of optical products (“Simson”).

acquisition, the Company recorded the investment in Celmonze at a historical cost of $500 under other investments.

January 17, 2024, GVCL entered a repurchase agreement with Celmonze.

Pursuant to the agreement, GVCL agreed to sell back all our 5,000,000

owned Celmonze shares to Celmonze for $500.

We received cash of $500 from Celmonze in exchange for our return of Celmonze shares.

and disposal of MU Global Holding Limited

July 25, 2018, GVCL entered into a subscription agreement with MU Global Holding Limited, a Nevada corporation, which provides spa and

wellness services and products to clients (“MUGH”).

Pursuant to the agreement, GVCL acquired 2,165,000 shares of common stock

of MUGH at a price of $217 or $0.0001 per share.

The investment was recognized at a historical cost of $217 under other investments.

December 31, 2018, GVCL made an impairment of $217 and hence, the investment was fully impaired with nil value.

April 10, 2024, GVCL entered into a stock purchase agreement with an unrelated party, Chen Shu-Jen (“Mr.

to the agreement, GVCL agreed to sell all 2,165,000 MUGH shares to Mr.

Chen for $17,320.

As a result, GVCL recognized a gain on disposal

of investment of $17,320.

and termination of REBLOOD Biotech Corp.

April 1, 2022, GVCL entered into a subscription agreement with REBLOOD Biotech Corp., a Nevada corporation, which is principally in

the provision of health management and biotechnology services (“REBLOOD”).

Pursuant to the agreement, GVCL acquired

5,000,000 shares of common stock of Simson at a price of $500 or $0.0001 per share.

July 2023, GVCL agreed with Simson’s repurchase request, sold back our 5,000,000 owned Simson shares to Simson at $500.

cash of $500 from Simson in exchange for our return of Simson shares.

currently operate and provide a wide range of business solution services to small and medium-size businesses located in South-East Asia

and East Asia, with an initial focus on Hong Kong, China and Malaysia, and subsequently in Thailand and Taiwan.

Our comprehensive range

of services includes cross-border business solutions, record management services, and accounting outsourcing services.

1,000,000 shares of common stock of REBLOOD at a price of $100 or $0.0001 per share.

December 20, 2024, REBLOOD’s sole director resolved to dissolve REBLOOD in Nevada, and filed a special resolution for dissolution

with the Nevada Secretary of State effective December 31, 2024.

a result of the dissolution, all REBLOOD shares are annulled, GVCL’s investment is terminated with a nil value.

On December 31,

2024, GVCL recognized a loss on termination of investment of $100.

2024, through Green-X Corp.

(“Green-X”), one of our subsidiaries in Labuan, we expanded our blockchain initiative in

Indonesia by conducting training programs in collaboration with institutions like Dubai Blockchain Center.

We also signed a

strategic agreement with Pondok Pesantren Darul Fiqhi to promote blockchain technology through Islamic boarding schools.

Additionally, we plan to implement a Brunei Darussalam , Indonesia , Malaysia and

the Philippines East ASEAN Growth Area ( BIMP-EAGA ) digital

wallet in Indonesia, that facilitates and enables us to raise funds through digital means by issuing or offering Shariah-compliant

securities token (RAMZ) in Labuan International Business and Financial Centre (Labuan IBFC).

is a platform operator licensed under the Labuan Financial Services and Securities Act 2010 (LFSSA) whereby security token issuers (“Issuers”)

offer their security tokens for subscription and trading by investors (“Investors”) through Green-X digital asset exchange

(“Green-X DAX”) platform.

ISRA International Consulting Sdn.

(“ISRA Consulting/Shariah Adviser of the platform”)

is responsible for advising on and ensuring end-to-end Shariah compliance for the Green-X DAX platform’s operations.

Highlights of Green-X DAX and Shariah Compliance

platform adopts the contract of Ijarah, which shall be subject to all rules and requirements relating thereto.

a contract that involves the hiring of services from an entity for a specified period, in exchange for a fee ( ujrah ).

contract enables Green-X, as a platform provider, to offer its services, including but not limited to the facilitation of

security token trading, benefits, and platform access to counterparties, such as Listing Sponsors, Issuers and Investors, in

exchange for a fee.

digital assets consist of cryptocurrencies, stablecoins and security tokens.

Cryptocurrencies

(digital currencies) are recognized as assets ( mal ) from the Shariah perspective.

Cryptocurrencies

that are based on technology without any underlying assets are categorized as goods ( `urudh )

and not subject to the principle of currency exchange ( bay` al-sarf ).

are a type of cryptocurrency whereby their values are pegged and/or backed to another currency

or commodity.

the event that the stablecoins’ values are:

and backed by ribawi items comprising gold, silver and currency, such as Tether, which

is pegged and backed to USD, it is categorized as a currency from the Shariah perspective and

subject to the principle of currency exchange, which is the same value of the same type and on a spot

and/or backed by non- ribawi items, such as crude oil, it is categorized as goods and

not subject to the principle of currency exchange.

security tokens can be categorized into two categories:

a) asset-backed

tokens - represent the digitalization of valuable assets into fractional digital

certificates,

indicating ownership rights over the asset.

b) equity-based

tokens - represent direct ownership or shares in a company, which may include rights to dividends,

voting, and other benefits.

former a) is considered an asset, while the latter b) represents equity.

transactions on the platform, the usage of digital assets shall be limited to those that have been

approved by the Shariah Adviser of the platform.

individual or entity wishing to trade on the platform must deposit their digital assets into

the Green-X e-wallet.

These assets will be used as payment for the subscription to security

Green-X e-wallet operates on the principle of Wadi’ah, a custodianship based

The custodian is responsible for the safekeeping of the assets and must return

them at the depositor’s request.

this is a trust-based arrangement, the custodian is not permitted to utilize the assets or

derive any profits from them.

The custodian is also not liable for any loss or damage to

the assets unless it results from misconduct, negligence, or a breach of specified terms.

custodian shall not transfer the assets to a third party without the depositor’s consent.

If such a transfer occurs without consent, the custodian will be fully responsible for any

loss or damage to the assets.

the Green-X e-wallet, a certain percentage of the stored digital assets will be transferred

to a Cold Wallet provided by BitGo.

A Cold Wallet is a secure, offline storage solution designed

to protect assets from theft, hacks, and similar risks.

Cold Wallet provided by BitGo also operates under the concept of Wadi’ah , wherein

the custodian is responsible for the safekeeping of the assets and must return them upon

the depositor’s request.

STO issuance on the platform shall adhere to the Shariah Tokenization Guidelines.

subscription of STO adopts a sale and purchase ( al-bay’ ) contract, incorporating

the hamish jiddiyyah .

jiddiyyah refers to a security deposit taken at the promise stage and held as collateral

until the execution of the contract.

Upon execution of the contract, hamish jiddiyyah is

either refunded to the buyer or adjusted against the payable amount.

program stored on a blockchain, representing a digital version of traditional contracts made

between any parties, but without the need to have independent third-party verification.

verification and validation tasks are handled instead by the Ethereum platform itself.

other words, smart contracts are capable of self-execution and self-validation.

in the form of “If…then…” statements whereby a network of computers

executes specific actions when predetermined conditions have been met and verified.

contracts are allowable from a Shariah perspective when all the necessary Shariah requirements

are fully complied with as approved by the Shariah Adviser of the platform.

payment charges:

payment charges which consist of compensation ( ta’widh ) at actual loss incurred

on overdue fees may be charged by Green-X.

amount of ta’widh is allowed to be recognized as income.

of ta’widh which may be imposed shall not be more than 1% per annum on the outstanding

amount and shall not be compounded.

Shariah-compliant purpose:

purpose of utilization of the raised funds shall be compliant with the Shariah principle.

the event that the project involves investing in business activities which consist of both

Shariah-compliant and Shariah Non-Compliant (“SNC”) activities (collectively

referred to as “Mixed Activities”), the SNC activities must not exceed the designated

are the parties on the Green-X DAX platform:

platform operator, licensed under the LFSSA.

Green-X operates a Shariah-compliant platform that facilitates the listing of the

Issuer’s security tokens, subscription for security tokens by the Investor and trading of security tokens.

company that issues Shariah-compliant security tokens through the Green-X DAX platform and intends to raise funds for Shariah-compliant purposes.

or entity that has successfully registered as a Green-X e-wallet user on the Green-X DAX platform and subscribes to security tokens

through payment of consideration in the form of digital assets on the Green-X DAX platform.

Listing Sponsor:

The adviser who is authorized to undertake both Initial Listing Activities and Post Listing Activities including

but not limited to performing due diligence on the Issuer’s assets and business, preparing the Pre-Consultation Presentation and

drafting the STO Business Memorandum.

Adviser of the Platform:

Herein referred to ISRA Consulting, provides guidelines to the Green-X DAX platform and ensures operations

of the platform are compliant with Shariah rules and principles.

Adviser of the Issuer:

Shariah Adviser appointed by the Issuer to ensure that the Issuer’s assets and purpose of

utilization for security token issuance are operated and managed in compliance with Shariah rules and principles.

and mechanism of STO issuance on the Green-X DAX platform:

(A) applies for an STO by allocating digital assets, such as Tether (USDT), as security deposits

via its e-wallet on the platform.

The allocated digital assets will be held by Green-X as

security deposits until the required fundraising threshold for the security tokens is achieved.

reaching the specified fundraising threshold, the Issuer issues the security tokens, which

are stored on the platform until the listing date.

the listing date of the security tokens on the platform, the security deposits are disbursed

to the Issuer via its e-wallet as the sale payment.

Upon the conclusion of the sale and purchase

transaction, the ownership of the security tokens is transferred to Investor (A).

(if any) is disbursed by the Issuer to Investor (A) via the platform.

(A) may execute the trading of its security tokens to other Investors (Investor B, C and

D) via the platform.

June 15, 2024, Green-X entered into a sale and purchase agreement with a founder of a Delaware company, Dignity Corp.

“Seller”) and subsequently on December 12, 2024, entered into a supplementary agreement with the Seller (collectively, the

Pursuant to the SPA, in consideration of the total token of four million (4,000,000) in our digital assets, GX

Token, paid and / or exchange by Green-X, and in consideration of the total token five million (5,000,000) in Dignity Token, an

asset-backed crypto security token (“DiGau”), The Seller grants to Green-X an option whereby Green-X may at the end of

sixty (60) months of period, with consent from both parties require the Seller to exchange back whichever balance of GX Token back to

Green-X and vice versa (the “Option”).

was initially traded on the Green-X digital asset exchange (“Green-X DAX”) platform on April 10, 2024, with a closing price

of $2.3204 per token.

On December 31, 2024, DiGau was traded on the Green-X DAX platform with a closing price of $3.9006 per token.

on the pricing data from CoinGecko, a cryptocurrency data aggregator, DiGau’s closing price on December 31, 2024, was $6.02 per

reference to a valuation report issued by an independent appraiser, as of July 1, 2024, DiGau was valued in the range of $9.70 to $10.93

per token on a marketable basis and valued in the range of $9.51 to $10.71 per token on a non-marketable basis, respectively.

the token exchange, DiGau was not recognized in our consolidated balance sheet as of December 31, 2024, as the transaction did not meet

the criteria for asset recognition.

As of the date of this report, the Company has yet determined the value of DiGau due to a lack of

observable market transactions and price information.

As a result, the transaction was not disclosed in our consolidated financial statements

for the year ended December 31, 2024.

Company does not expect that the exclusion of the transaction will have a significant effect on its consolidated financial statements

as of December 31, 2024.

our core business, we operate and provide a wide range of business solution services to small and medium-sized businesses located in Southeast

Asia and East Asia, with an initial focus on Hong Kong, China and Malaysia, and subsequently in Thailand and Taiwan.

Our comprehensive

range of services includes cross-border business solutions, record management services, and accounting outsourcing services.

Our cross-border

30 unchanged sentences

in setting up cloud invoicing systems for clients;

in liaising with investors for the purposes of raising capital;

in setting up cloud inventory systems to assist clients to record, maintain and control their inventories and track their inventory

in liaising with investors for the purpose of raising capital;

in setting up cloud inventory systems to assist clients in recording, maintaining and controlling their inventories and tracking their inventory

in setting up cloud accounting systems to enable clients to keep track of their financial performance;

4 unchanged sentences

on trust and wealth management;

an online equity crowd funding platform to assist small to medium sized enterprises (SMEs) to access funding through its platform;

crypto currency trading and digital asset exchange services;

an online equity crowdfunding platform to assist small to medium-sized enterprises (SMEs) to access funding through its platform;

cryptocurrency trading and digital asset exchange services;

a capital market-focused portal to browse business markets or corporate news;

big data and focusing on artificial intelligence (AI) to provide financial services;

big data and focusing on artificial intelligence (AI) providing financial services;

financial technology (FinTech) services;

is a growing market in Asia of companies who are seeking to go public and become listed on a recognized exchange in a foreign jurisdiction.

is a growing market in Asia for companies who are seeking to go public and become listed on a recognized exchange in a foreign

jurisdiction.

We see tremendous opportunity to the extent that this trend continues worldwide.

With respect to cross border listing advisory services,

we assist private companies in their desire to list and trade on public exchanges, including the U.S.

NASDAQ and OTC Markets.

The Jumpstart

Our Business Startups Act, or JOBS Act, signed in 2012, eases the initial public offering (“IPO”) process for “emerging

growth companies” and reduces their regulatory burden, (2) improves the ability of these companies to access capital through private

offerings and small public offerings without SEC registration, and (3) allows private companies with a substantial shareholder base to

delay becoming a public reporting company.

With respect to cross-border listing

advisory services, we assist private companies in their desire to list and trade on public exchanges, including the NASDAQ and OTC

Markets in the U.S..

The Jumpstart Our Business Startups Act, or JOBS Act, signed in 2012, eases the initial public offering

(“IPO”) process for “emerging growth companies” and reduces their regulatory burden, (2) improves the

ability of these companies to access capital through private offerings and small public offerings without SEC registration, and (3)

allows private companies with a substantial shareholder base to delay becoming a public reporting company.

our cross-border listing advisory services, we seek to form the bridge between these companies seeking to conduct their IPO (or in some

6 unchanged sentences

Form 10 shell company

manner in which the OTC markets are structured provides companies the ability to “uplist” in the marketplace as they provide

better transparency.

way the OTC markets are structured provides companies the ability to “uplist” in the marketplace as they provide better

transparency.

These OTC markets include:

19 unchanged sentences

intend to develop relationships with professional firms from Hong Kong, Malaysia, China, and Thailand that can provide company secretarial,

business centers and virtual offices, book-keeping, tax compliance and planning, payroll management, business valuation, and wealth management

business centers and virtual offices, bookkeeping, tax compliance and planning, payroll management, business valuation, and wealth management

services to our clients.

2 unchanged sentences

Our expectation is that firms within our professional network will refer their international clients

to us that may need our book-keeping, payroll, company secretarial and tax compliance services.

to us who may need our bookkeeping, payroll, company secretarial and tax compliance services.

We believe that this accounting outsourcing

13 unchanged sentences

a result of our acquisition of Greenpro Venture Capital Limited (“GVCL”) in 2015, we entered a venture capital business in

Hong Kong with a focus on companies located in South-East Asia and East Asia, including Hong Kong, Malaysia, China, Thailand, and Singapore.

Our venture capital business is focused on (1) establishing a business incubator for start-up and high growth companies to support such

Hong Kong with a focus on companies located in Southeast Asia and East Asia, including Hong Kong, Malaysia, China, Thailand, and Singapore.

Our venture capital business is focused on (1) establishing a business incubator for start-ups and high-growth companies to support such

companies during critical growth periods and (2) investment opportunities in select start-ups and high-growth companies.

8 unchanged sentences

Firms in this phase may be in the process of setting up

a business or they might have been in operating the business for a short period of time but may not have sold their products commercially.

a business or they might have been operating the business for a short period of time but may not have sold their products commercially.

In this phase, costs are increasing due to product development, market research and the need to recruit personnel.

Low levels of

revenues are starting to generate.

revenue are starting to be generated.

Financing is needed for growth and expansion.

1 unchanged sentence

development or to hire additional personnel.

In the early expansion phase, sales, and production increases but there is not yet any

In the early expansion phase, sales and production increase but there is not yet any

In the later expansion stage, the business typically needs extra capital in addition to organically generated profit, for

15 unchanged sentences

Investment Decision:

We will evaluate, examine, and engage in due diligence of a prospective portfolio company, including but

not limited to product/services viability, market potential and integrity as well as capability of the management.

We will evaluate, examine, and engage in the diligence of a prospective portfolio company, including but not

limited to product/service viability, market potential and integrity as well as the capability of the management.

After that, both

13 unchanged sentences

or management buyout (MBO):

Either the entrepreneur or the management of the company buys back the company’s shares of the

Either the entrepreneur or the management of the company buys back the company’s shares in the

Reconstruction,

liquidation, or bankruptcy:

If the project fails, the company will restructure or close down its operations.

If the project fails, the company will restructure or close its operations.

objective is to achieve a superior rate of return through the eventual and timely disposal of investments.

1 unchanged sentence

that meet the following criteria:

growth prospects

high-growth prospects

of product or service

32 unchanged sentences

and industry-specific micro-sites and newsletters in the Asian region.

We plan to begin a social media campaign utilizing blogs, Twitter, Facebook, and LinkedIn after we secure sufficient financing.

We plan to begin a social media campaign utilizing blogs, such as X (formerly Twitter), Facebook, and LinkedIn, after we

secure sufficient financing.

A targeted campaign will be made to the following groups of clients:

law firms, auditing firms, consulting firms and small to medium-sized

enterprises (“SMEs”) in different industries, including biotechnology, intellectual property, information technologies

and real estate.

law firms, auditing firms,

consulting firms and small to medium-sized enterprises (“SMEs”) in different industries, including biotechnology,

intellectual property, information technologies and real estate.

Wealth Wisdom Development

22 unchanged sentences

events and developments and to encourage more participants to join our upcoming events.

We will also share our analysis on various industries

and industry trends to the media network providers for free.

We believe that this strategy will strengthen the relationship between Greenpro

and the media network providers.

We will also share our analysis of various industries

and industry trends with the media network providers for free.

We believe that this strategy will strengthen the relationship between

Greenpro and the media network providers.

generate more leads and subscribers, two to four articles related to wealth management will be shared in our official WeChat account.

3 unchanged sentences

Search Engine Optimization (“SEO”) will be used as a supporting strategy to enhance our online presence campaign.

seek a SEO expert team in China and Malaysia to assist in the promotion of the campaign by using an advertising and keyword tagging strategy

seek an SEO expert team in China and Malaysia to assist in the promotion of the campaign by using an advertising and keyword tagging strategy

to drive traffic to our social media accounts and our company website.

The major search engines are Baidu and Google as these are the

common search engine worldwide.

common search engines worldwide.

and Conversion

2 unchanged sentences

We target between 80 and 100 attendees

We intend to invite professionals and strategic partners to share their ideas, resources and knowhow in the seminars and conferences.

The seminars and conferences will focus on our three core wealth management principles, namely “Wealth Creation, Wealth Protection

and Wealth Succession”.

We intend to invite professionals and strategic partners to share their ideas, resources and know-how in the seminars and

The seminars and conferences will focus on our three core wealth management principles, namely “Wealth Creation, Wealth

Protection and Wealth Succession”.

Events by Invitation

and exclusive events are planned to be held quarterly with a target between 30 and 40 attendees.

and exclusive events are planned to be held quarterly with a target of between 30 and 40 attendees.

These events are exclusive and by-invitation

4 unchanged sentences

these sessions is to encourage idea exchanges, to provide a platform for networking and potentially future collaboration opportunities,

and foster better understanding between the participants and us, as well as among themselves.

and to foster better understanding between the participants and us, as well as among themselves.

Opportunities

1 unchanged sentence

professional staff members and operational tools to make the advisory and consulting business more competitive.

intend to assist our clients in the preparation of their financial statements cost-effectively and provide security to such financial

intend to assist our clients in the preparation of their financial statements cost-effectively and provide security for such financial

information since the data will be stored in a cloud system.

3 unchanged sentences

believe our services will create numerous competitive advantages for our clients.

We believe that with us handling the administrative

and logistic support, our clients can focus on developing their businesses and expanding their own client portfolio.

We believe that with us handling administrative and

logistic support, our clients can focus on developing their businesses and expanding their own client portfolio.

revenues are generated from clients located globally, including those from Hong Kong, China, Malaysia, Singapore, Indonesia, Thailand,

Australia, Japan, Taiwan, Russia, and the United States.

Japan, Taiwan, the United Kingdom, and the United States.

Our venture capital business will initially focus on Hong Kong and other Asian

10 unchanged sentences

QMIS Financial Group, First Asia Finance Group Limited and their respective affiliates, as well as from certain accounting firms, including

those that specialize in a tax planning and corporate restructuring.

The competition in China or Malaysia is not as fierce as in Hong

Our major competitors in China are JP Investment Group and QMIS Financial Group while our major competitors in Malaysia are Global

Bridge Management Sdn.

those that specialize in tax planning and corporate restructuring.

The competition in China or Malaysia is not as fierce as in Hong Kong.

Our major competitors in China are JP Investment Group and QMIS Financial Group while our major competitors in Malaysia are Global Bridge

Management Sdn.

and QMIS Financial Group.

23 unchanged sentences

against infringement and seek to register design protection where appropriate.

Currently, there are six trademarks registered under

the name of Greenpro Resources (HK) Limited.

Currently, there are six trademarks registered under the

name of Greenpro Resources (HK) Limited.

Resources (HK)

5 unchanged sentences

Advisory services related to business management and administration, computer software and security.

rely on trade secrets and un-patentable know-how that we seek to protect, in part, by confidentiality agreements.

rely on trade secrets and unpatentable know-how that we seek to protect, in part, by confidentiality agreements.

Our policy is to require

1 unchanged sentence

These agreements provide that all confidential

information developed or made known to the individual through individual’s relationship with us, to be kept confidential and do

not disclose to third parties except in specific circumstances.

The agreements also provide that all inventions conceived by the individual

while rendering services to us shall be assigned to us as the exclusive property of our company.

There can be no assurance, however,

that all persons who we desire to sign such agreements will sign, or if they do, that these agreements will not be breached, that we

would have adequate remedies for any breach, or that our trade secrets or un-patentable know-how will not otherwise become known or be

independently developed by competitors.

information is developed or made known to the individual through an individual’s relationship with us, to be kept confidential,

and not be disclosed to third parties except in specific circumstances.

The agreement also provides that all inventions conceived

by the individual while rendering services to us shall be assigned to us as the exclusive property of our company.

There can be no assurance,

however, that all people who we desire to sign such agreements will sign, or if they do, that these agreements will not be breached,

that we would have adequate remedies for any breach, or that our trade secrets or un-patentable know-how will not otherwise become known

or be independently developed by competitors.

provide our Package Solution initially in Hong Kong, China and Malaysia, which we believe are locations that would need outsourcing support

4 unchanged sentences

following regulations are the laws and regulations that may be applicable to us:

businesses located in Hong Kong are subject to the laws and ordinances enacted in Hong Kong including, but not limited to, labor, occupational safety

and health, general corporations, intellectual property, and other similar laws.

Because our website is maintained through the server

in Hong Kong, we shall be required to comply with all laws and ordinances enacted in Hong Kong including, inter alia, data usage and

regular terms of services applicable to our potential customers.

As the information of our potential customers is preserved in Hong Kong,

we will need to comply with the Hong Kong Personal Data (Privacy) Ordinance (Cap 486).

businesses located in Hong Kong are subject to the laws and ordinances enacted in Hong Kong including, but not limited to, labor, occupational

safety and health, general corporations, intellectual property, and other similar laws.

Because our website is maintained through the

server in Hong Kong, we shall be required to comply with all laws and ordinances enacted in Hong Kong including, inter alia, data usage

and regular terms of services applicable to our potential customers.

As the information of our potential customers is preserved in Hong

Kong, we will need to comply with the Hong Kong Personal Data (Privacy) Ordinance (Cap 486).

Employment Ordinance is the main piece of legislation governing conditions of employment in Hong Kong.

15 unchanged sentences

are $7,100 and $30,000 respectively.

comply with the above applicable ordinances and regulations in Hong Kong and have not been involved any lawsuit or prosecuted by the

local authority resulting from any breach of the ordinances and regulations.

comply with the above applicable ordinances and regulations in Hong Kong and have not been involved in any lawsuit or prosecuted by

the local authority resulting from any breach of the ordinances and regulations.

businesses located in Malaysia are subject to the general laws in Malaysia governing businesses including labor, occupational safety

1 unchanged sentence

(Amendment) Act 1997.

We believe that the focus of these laws is censorship in Malaysia, however we believe this does not impact our

businesses because the censorship focus is on media controls and does not relate to cloud base technology which we plan to use.

We believe that the focus of these laws is censorship in Malaysia;

however, we believe this does not impact our

businesses because the censorship focus is on media controls and does not relate to cloud-based technology which we plan to use.

real estate investments are subject to extensive local, city, county and state rules and regulations regarding permitting, zoning, subdivision,

2 unchanged sentences

Such regulation may result in higher than anticipated administrative and operational costs.

comply with the above applicable ordinances and regulations in Malaysia and have not involved any lawsuit or prosecuted by the local

authority resulting from any breach of the ordinances and regulations.

portion of our acquired businesses located in China and subject to the general laws in China governing businesses including labor, occupational

safety and health, general corporations, intellectual property and other similar laws.

comply with the above applicable ordinances and regulations in Malaysia and have not been involved in any lawsuit or prosecuted by

the local authority resulting from any breach of the ordinances and regulations.

portion of our acquired businesses are located in China and subject to the general laws in China governing businesses including

labor, occupational safety and health, general corporations, intellectual property and other similar laws.

Employment Contract Law was promulgated by the National People’s Congress’ Standing Committee on June 29, 2007, and took

effect on January 1, 2008 and was revised at the 30th meeting of the Standing Committee of the 11th National People’s Congress on December

The Employment Contract Law governs labor relations and employment contracts (including the entry into,

performance, amendment, termination, and determination of employment contracts) between domestic enterprises (including

foreign-invested companies), individual economic organizations and private non-enterprise units (collectively referred to as the

“employers”) and their employees.

effect on January 1, 2008 and was revised at the 30th meeting of the Standing Committee of the 11th National People’s Congress

on December 28, 2012.

The Employment Contract Law governs labor relations and employment contracts (including the entry into, performance,

amendment, termination, and determination of employment contracts) between domestic enterprises (including foreign-invested companies),

individual economic organizations and private non-enterprise units (collectively referred to as the “employers”) and their

Execution of employment contracts

Under the Employment Contract Law, an employer shall sign a written employment contract with an employee within one month from the date of commencement of work.

In the event of contravention, the employee is entitled to double wages every month during the period from the day after one month of the employment to the day before one year from the commencement that is the employee may receive up to 11 months additional wages due to the employer’s failure to provide a signed employment contract.

If the employer does not sign an employment contract with the employee for more than 12 months since commencement, it will be deemed that an employment contract with a non-fixed term has been signed between the employer and the employee from the day after one year of the employment.

the Employment Contract Law, an employer shall sign a written employment contract with an employee within one month from the date of

commencement of work.

In the event of contravention, the employee is entitled to double wages every month during the period from the

day after one month of employment to the day before one year from the commencement that is the employee may receive up to 11 months

of additional wages due to the employer’s failure to provide a signed employment contract.

If the employer does not sign an

employment contract with the employee for more than 12 months since commencement, it will be deemed that an employment contract with

a non-fixed term has been signed between the employer and the employee from the day after one year of employment.

Right to non-fixed term contracts

Under the Employment Contract Law, an employee may request a non-fixed term contract without an employer’s consent to renew, if the employee has worked for ten consecutive years.

In addition, when signing the third employment contract, the employee is also entitled to a non-fixed term contract with an employer if he has completed two fixed term employment contracts with such employer.

Under the non-fixed term contract period, the employer shall not arbitrarily terminate the employment, unless the employee is dismissed under any of the following situations:

the Employment Contract Law, an employee may request a non-fixed term contract without an employer’s consent to renew, if the employee

has worked for ten consecutive years.

In addition, when signing the third employment contract, the employee is also entitled to a non-fixed

term contract with an employer if he has completed two fixed-term employment contracts with such employer.

Under the non-fixed term contract

period, the employer shall not arbitrarily terminate the employment, unless the employee is dismissed under any of the following situations:

(1) serious violations of the employer’s rules and regulations;

(2) serious dereliction of duty, embezzlement, and causing significant harm to the employer;

(3) establishing employment relations with other employers at the same time, which seriously affects the completion of the work tasks of the unit, or refusing to make corrections upon request by the employer;

(4) employers who use fraudulent or coercive means or take advantage of others, to force the employer to enter into or modify employment contracts against their true intentions.

Unless the employee requests to enter into a fixed term contract, an employer who fails to enter into a non-fixed term contract pursuant to the Employment Contract Law is liable to pay the employee double his/her salary from the date the employment contract should be renewed a non-fixed term.

(2) serious dereliction of duty, embezzlement, and causing significant

harm to the employer;

(3) establishing employment relations with other employers at the same time, which seriously affects the completion

of the work tasks of the unit, or refusing to make corrections upon request by the employer;

(4) employers who use fraudulent or coercive

means or take advantage of others, to force the employer to enter into or modify employment contracts against their true intentions.

Unless the employee requests to enter into a fixed-term contract, an employer who fails to enter into a non-fixed term contract pursuant

to the Employment Contract Law is liable to pay the employee double his/her salary from the date the employment contract should be renewed

a non-fixed term.

Compensation for termination or expiry of employment contracts

5 unchanged sentences

Bankruptcy Law, implements economic layoffs during a reorganization;

(v) implements economic

layoffs due to serious difficulties in production and operation;

(vi) undergoes a transfer of production, major technological

innovation, or adjustment of its business model, and after changing the employment

contract, it is still necessary to lay off employees;

(vii) experiences unforeseeable significant changes resulting the

inability to perform all or the main terms of the employment contract signed by both parties, or if continued performance will

result in high costs and unfair conditions, making it difficult to achieve the purpose of the employment contract.

Where an employee

has been employed for more than one year, the employee will be entitled to such compensation equivalent to one month’s salary

for every completed year of service.

Where an employee has been employed for less than one year, such employee will be deemed to

have completed one full year of service, who will be entitled to such compensation equivalent to one month’s salary;

employee has been employed for less than six months, the

employee will be entitled to such compensation equivalent to half month’s salary.

(v) implements economic layoffs due to serious difficulties in

production and operation;

(vi) undergoes a transfer of production, major technological innovation, or adjustment of its business

model, and after changing the employment contract, it is still necessary to lay off employees;

(vii) experiences unforeseeable

significant changes in the objective economic situation based on which the employment contract was concluded resulting

the inability to perform the terms of the employment contract signed by both parties.

Where an employee has been employed

for less than one year but more than 6 months, such an employee will be deemed to have completed one full year of service, and will

be entitled to such compensation equivalent to one month’s salary;

if an employee has been employed for less than six months,

the employee will be entitled to such compensation equivalent to half month’s salary.

Trade union and collective employment contracts

the Employment Contract Law, a trade union may seek arbitration and litigation to resolve any dispute arising from a collective employment

contract provided that such dispute failed to be settled through negotiations.

The Employment Contract Law also permits a trade union

to enter into a collective employee contract with an employer on behalf of all the employees.

a trade union has not been formed, a representative appointed by employee under the guidance of a high-level trade union may execute the collective

employment contract.

Within districts below county level, collective employment contracts for industries such as those engaged in construction,

mining, food and beverage and those from the service sector, etc., may be executed on behalf of employees by the representatives from

the trade union of each respective industry.

Alternatively, a district-based collective employment contract may be made.

contract provided that such dispute fails to be settled through negotiations.

Employment Contract Law also permits a trade union to enter

into a collective employee contract with an employer on behalf of all the employees.

a trade union has not been formed, a representative appointed by an employee under the guidance of a high-level trade union may

execute the collective employment contract.

Within districts below the county level, collective employment contracts for industries

such as those engaged in construction, mining, food and beverage and those from the service sector, etc., may be executed on behalf

of employees by the representatives from the trade union of each respective industry.

Alternatively, a district-based collective

employment contract may be made.

a result of the Employment Contract Law, all our employees have executed standard written employment agreements with us.

experienced any significant labor disputes or any difficulties in recruiting staff for our operations.

October 28, 2010, the National People’s Congress of China promulgated the PRC Social Insurance Law, which became effective on

July 1, 2011, the decision to amend the Social Insurance Law of the People’s Republic of China was made by the Standing Committee of

October 28, 2010, the National People’s Congress of China promulgated the PRC Social Insurance Law, which became effective on July

The decision to amend the Social Insurance Law of the People’s Republic of China was made by the Standing Committee of

the National People’s Congress on December 29, 2018, and came into effect on December 29, 2018.

In accordance with the PRC Social

Insurance Law, the Interim Regulations on the Collection and Payment of Social Security Fund and other relevant laws and

regulations, China establishes a social insurance system including basic pension insurance, basic medical insurance, work-related

injury insurance, unemployment insurance and maternity insurance.

An employer shall pay the social insurance for its employees in

accordance with the rates provided under relevant regulations and shall withhold the social insurance that should be assumed by the

The authorities in charge of social insurance may request an employer’s compliance and impose sanctions if such

employer fails to pay and withhold social insurance in a timely manner.

Under the Regulations on the Administration of Housing Fund

effective in 1999, as amended in 2002, and it was revised again by the State Council in 2019 and implemented on March 24, 2019.

companies must register with applicable housing fund management centers and establish a special housing fund account in an entrusted

Both PRC companies and their employees are required to contribute to the housing funds.

Insurance Law, the Interim Regulations on the Collection and Payment of Social Security Fund and other relevant laws and regulations,

China establishes a social insurance system including basic pension insurance, basic medical insurance, work-related injury insurance,

unemployment insurance and maternity insurance.

An employer shall pay the social insurance for its employees in accordance with the rates

provided under relevant regulations and shall withhold the social insurance that should be assumed by the employees.

The authorities

in charge of social insurance may request an employer’s compliance and impose sanctions if such an employer fails to pay and withhold

social insurance in a timely manner.

Under the Regulations on the Administration of Housing Fund effective in 1999, as amended in 2002,

and it was revised again by the State Council in 2019 and implemented on March 24, 2019.

PRC companies must register with applicable

housing fund management centers and establish a special housing fund account in an entrusted bank.

Both PRC companies and their employees

are required to contribute to the housing funds.

Ministry of Human Resources and Social Security promulgated the Interim Provisions on Labor Dispatch on January 24, 2014.

5 unchanged sentences

to work as a result of full-time study, being on leave or other reasons.

The Interim Provisions further provides that, the number of

the dispatched workers of an employer shall not exceed 10% of its total workforce, and the total workforce of an employer shall refer

to the sum of the number of the workers who have executed labor contracts with the employer and the number of workers who are dispatched

The Interim Provisions further provide that, the number of the

dispatched workers of an employer shall not exceed 10% of its total workforce, and the total workforce of an employer shall refer to

the sum of the number of the workers who have executed labor contracts with the employer and the number of workers who are dispatched

to the employer.

1 unchanged sentence

exchange in China is primarily regulated by:

Regulations of the People’s Republic of China on Foreign Exchange Administration (revised in 2008) (“Foreign Exchange Administration Regulations”);

The Administration Interim Provisions of the Settlement, Sale and Payment of Foreign Exchange (1996).

the Foreign Exchange Administration Regulations, if documents certifying the purposes of the conversion of RMB into foreign currency are submitted

to the relevant foreign exchange conversion bank, the RMB will be convertible for current account items, including the distribution of

dividends, interest and royalty payments, and trade and service-related foreign exchange transactions.

Conversion of RMB for capital

account items, such as direct investment, loans, securities investment, and repatriation of investment, however, is subject to the approval

of SAFE or its local counterpart.

Regulations of the People’s Republic of China on Foreign Exchange Administration (revised in 2008) (“Foreign Exchange

Administration Regulations”);

Administration Provisions of the Settlement, Sale and Payment of Foreign Exchange (1996).

the Foreign Exchange Administration Regulations, if documents certifying the purposes of the conversion of RMB into foreign currency

are submitted to the relevant foreign exchange conversion bank, the RMB will be convertible for current account items, including the

distribution of dividends, interest and royalty payments, and trade and service-related foreign exchange transactions.

Conversion of

RMB for capital account items, such as direct investment, loans, securities investment, and repatriation of investment, however, is subject

to the approval of SAFE or its local counterpart.

the Administration Rules for the Settlement, Sale and Payment of Foreign Exchange, foreign-invested enterprises may only buy, sell and/or

10 unchanged sentences

limits and must be registered with SAFE or its local branches;

by us to our consolidated affiliated entities, which are domestic PRC entities, must be approved by the National Development and

from us to our consolidated affiliated entities, which are domestic PRC entities, must be approved by the National Development and

Reform Commission and must also be registered with SAFE or its local branches.

3 unchanged sentences

RMB may be used.

Circular 19 requires that RMB converted from the foreign currency-dominated capital of a FIE shall be managed under

Circular 19 requires that RMB converted from the foreign currency-dominated capital of an FIE shall be managed under

the Accounts for FX settlement and pending payment.

4 unchanged sentences

or regulations, (ii) direct account indirectly used for securities investment;

(iii) disbursing RMB entrusted loans (unless permitted under its business scope), repaying inter-corporate borrowings (including third-party advance) and repaying RMB bank loans already refinanced to any third party;

(iv) except for foreign-invested real estate enterprises, it shall not be used to pay related expenses for purchasing non-self-use real estate.

Where a FIE, other than a foreign-invested

investment company, foreign-invested venture capital enterprise or foreign-invested equity investment enterprise, makes domestic equity

investment by transferring its capital in the original currency, it shall obey the current provisions on domestic re-investment.

such a FIE makes domestic equity investment by its RMB conversion, the invested enterprise shall first go through domestic re-investment

registration and open a corresponding Accounts for FX settlement and pending payment, and the FIE shall thereafter transfer the conversion

to the aforesaid Account according to the actual amount of investment.

(iii) disbursing RMB entrusted loans (unless permitted

under its business scope), repaying inter-corporate borrowings (including third-party advance) and repaying RMB bank loans already refinanced

to any third party;

(iv) except for foreign-invested real estate enterprises, it shall not be used to pay related expenses for purchasing

non-self-use real estate.

Where a FIE, other than a foreign-invested investment company, foreign-invested venture capital enterprise

or foreign-invested equity investment enterprise, makes domestic equity investment by transferring its capital into the original currency,

it shall obey the current provisions on domestic re-investment.

Where such a FIE makes domestic equity investment by its RMB conversion,

the invested enterprise shall first go through domestic re-investment registration and open a corresponding Accounts for FX settlement

and pending payment, and the FIE shall thereafter transfer the conversion to the aforesaid Account according to the actual amount of

addition, according to the Regulations of the People’s Republic of China on Foreign Exchange Administration, which became effective

9 unchanged sentences

expand our business.

we are following the above applicable ordinances and regulations in China and have not involved any lawsuit or prosecuted by the local

authority resulting from any breach of the ordinances and regulations.

do not current maintain property, business interruption and casualty insurance.

we are following the above applicable ordinances and regulations in China and have not been involved in any lawsuit or prosecuted by

the local authority resulting from any breach of the ordinances and regulations.

do not currently maintain property, business interruption and casualty insurance.

As our business matures, we expect to obtain such insurance

1 unchanged sentence

businesses are not subject to seasonality.

of March 28, 2024, we have 46 employees, located in the following territories:

of April 9, 2025, we have 48 employees, located in the following territories:

Country/Territory

8 unchanged sentences

are required to contribute to the Mandatory Provident Fund (MPF) for all eligible employees in Hong Kong between the ages of 18 and 65.

We are required to contribute a specified percentage of the participant’s income based on their ages and wage level.

We are required to contribute a specified percentage of the participant’s income based on their ages and wage levels.

For the years

2 unchanged sentences

any significant labor disputes or any difficulties in recruiting staff for our operations.

are required to contribute to the Social Insurance Schemes and Housing Fund Schemes for all eligible employees in PRC.

For the years

ended December 31, 2023, and 2022, the contributions were $39,958 and $47,901, respectively.

are required to contribute to the Social Insurance Schemes and Housing Fund Schemes for all eligible employees in the PRC.

years ended December 31, 2024, and 2023, the contributions were $41,768 and $39,958, respectively.

Office and Other Information

principal executive office is located at B-23A-02, G-Vestor Tower, Pavilion Embassy, 200 Jalan Ampang, 50450 W.P.

principal executive offices are located at B-23A-02, G-Vestor Tower, Pavilion Embassy, 200 Jalan Ampang, 50450 W.P.

Kuala Lumpur, Malaysia.

3 unchanged sentences

have regional offices in Hong Kong and Shenzhen, China which principally serve their respective clients and provide support to the Company.

We are required to file periodic reports and current reports with the Securities and Exchange Commission (“SEC”).

Access to our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and our Proxy Statements, and

any amendments to these reports, is available on the SEC’s website at www.sec.gov.

are required to file periodic reports and current reports with the Securities and Exchange Commission (“SEC”).

our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and our Proxy Statements, and any amendments

to these reports, is available on the SEC’s website at www.sec.gov.

Development Plan

are in the process of carrying out the following development plans.

Token Offering:

will continue our focus on security token offering (STO), a regulated way to raise funds through blockchains that keep investors protected

by regulated and asset-backed digital securities.

This aligns with our mission to provide ethical, sustainable, and Shariah-compliant

investment opportunities to investors.

We aim to tap into underserved communities by providing financial inclusion through digital asset

By expanding our reach in Southeast Asia and beyond, we seek to bridge the gap between traditional finance and blockchain

technology, ensuring accessibility and transparency for a wider range of investors.

of Corporate Finance Services:

5 unchanged sentences

and Thailand, by engaging in more marketing activities and expanding our business network to these regions.

is a next generation online financial information platform which facilitates connecting private high growth emerging companies with access

to potential investors and synergetic companies.

ADAQ is dedicated to equipping emerging growth companies in the Asia Pacific region

with the guidance and information to identify, build and stream their sustainable core values.

In addition, it offers an acceleration

program to incubate and assist companies to accelerate the process by which they seek to list on international exchanges such as New

York Stock Exchange (NYSE), NASDAQ and Hong Kong Stock Exchange (HKEX).

is a next-generation online financial information platform which facilitates connecting private high-growth emerging companies with

access to potential investors and synergetic companies.

ADAQ is dedicated to equipping emerging growth companies in the Asia Pacific

region with the guidance and information to identify, build and stream their sustainable core values.

In addition, it offers an

acceleration program to incubate and assist companies to accelerate the process by which they seek to list on international

exchanges such as the New York Stock Exchange (NYSE), NASDAQ and Hong Kong Stock Exchange (HKEX).

has three major functions:

4 unchanged sentences

covering Malaysia, Thailand, Singapore, Indonesia, Myanmar, Laos and Vietnam, and China to obtain funding and prepare for an IPO.

increasing number of companies across South-East Asia and the Greater Bay Area are interested in listing on the ADAQ market platform.

increasing number of companies across Southeast Asia and the Greater Bay Area are interested in listing on the ADAQ market platform.

We believe the successful development of the platform will heighten the prospects of Greenpro’s venture capital projects, aiming

7 unchanged sentences

We continue to look for partnerships to explore the potential of wealth management, fund management

and asset management services, and provide with the assistance from our affiliates customized wealth creation, wealth protection

and asset management services, and provide assistance with our affiliates’ customized wealth creation, wealth protection

and wealth succession solutions for medium, high, and ultra-high net worth individuals/families in the Asian region.

We also expect

to place more efforts into the development of our Wealth Network Database focusing on wealth related information sharing.

our long-term plan and development, we look forward to initiating the “Greenpro Capital Tower” plan in ASEAN as an effort

to further develop our brand, strengthen our operational and client base with stronger customers and market confidence.

we plan to continue to grow through mergers and acquisitions of related services to enhance our services horizontally and vertically.

We are continuously sourcing synergetic and licensed financial institutions to strengthen our capabilities and scope of our services

with the aim to widen our market coverage.

to put more effort into the development of our Wealth Network Database focusing on wealth-related information sharing.

our long-term plan and development, we look forward to initiating the “Greenpro Capital Tower” plan in ASEAN as an

effort to further develop our brand, strengthen our operational and client base with stronger customers and increase market

In addition, we plan to continue to grow through mergers and acquisitions of related services to enhance our services

horizontally and vertically.

We are continuously sourcing synergy and licensed financial institutions to strengthen the capabilities

and scope of our services with the aim of widening our market coverage.

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 1. Business