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• A corporate advisor and boutique investment bank for growth companies, similar to a smaller Goldman Sachs focused on emerging businesses.
• A venture capital firm and business incubator for emerging growth companies, akin to a Y Combinator or a smaller SoftBank for Asian markets.

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• Business Consulting: Provides corporate advisory services, including company formation, mergers & acquisitions, and corporate restructuring to businesses.
• Financial Advisory: Offers capital raising, initial public offering (IPO) advisory, and other financial consulting services to companies.
• Asset and Wealth Management: Manages investment portfolios, funds, and provides trust and estate planning services for high-net-worth individuals and institutional clients.
• Venture Capital and Private Equity Investments: Invests in promising startups and private companies, particularly in the FinTech and technology sectors, to foster growth and generate returns.

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Dr. Lee Chong Kuang (CK Lee), Chief Executive Officer, President, and Director

Dr. Lee Chong Kuang has served as the Chief Executive Officer, President, and a Director of Greenpro Capital Corp. since July 19, 2013. He also held the position of Chairman of the Board from July 2013 to June 2019. Dr. Lee co-founded Asia UBS Global Ltd in 2003, a Hong Kong company, where he served as a director until January 2015. He also held positions as director, Chief Financial Officer, and Treasurer of Odenza Corp. from February 2013 to April 2016, and as Chief Financial Officer and director of Moxian Corporation from October 2012 to December 2014. Dr. Lee co-founded Greenpro Venture Capital Limited (GVCL) in 2014 and Greenpro Resources Limited (GRBVI) in 2012 with Gilbert Loke Che Chan; both companies were subsequently acquired by Greenpro Capital Corp. in 2015. In 2013, he co-founded Greenpro Resources Sdn. Bhd. (GRSB) in Malaysia with his spouse, Ms. Yap Pei Ling. He also founded Green-X Corp. in Labuan, Malaysia, in 2022. Prior to his roles at Greenpro Capital, Dr. Lee worked at K. Y. Ho & Co., Chartered Accountants, from 1997 to 2000.

Gilbert Loke Che Chan, Chairman of the Board, Chief Financial Officer, Secretary, and Treasurer

Gilbert Loke Che Chan has served as the Chairman of the Board, Chief Financial Officer, Secretary, and Treasurer of Greenpro Capital Corp., holding these CFO, Secretary, Treasurer, and Director roles since July 19, 2013. He possesses over 35 years of experience in accounting, auditing, taxation, SOX compliance, and corporate listing, having trained and qualified with UHY (formerly Hacker Young), Chartered Accountants, in London from 1981 to 1988. Mr. Loke served as an independent, non-executive director of ZMay Holdings Limited, a Hong Kong Stock Exchange-listed company, from January 2008 to July 2008. He was the Chief Financial Officer for Asia Properties Inc. and Sino Bioenergy Inc., both listed on the OTC Markets in the US, from 2011 to 2012. His previous leadership roles include Chief Executive Officer and director of Greenpro Resources Corporation since October 2012, and Chief Executive Officer and director of Moxian Corporation from October 2012 to December 2014. Mr. Loke also served as an independent director of Odenza Corp. from February 2013 to May 2015 and as Chief Financial Officer, Secretary, Treasurer, and director of CGN Nanotech, Inc. from September 2014 to September 2016. He has been a director of GC Investment Management Limited, the investment manager of Greenpro Asia Strategic SPC, since April 2016. Mr. Loke co-founded Greenpro Venture Capital Limited (GVCL) in 2014 and Greenpro Resources Limited (GRBVI) in 2012 with Lee Chong Kuang; both entities were later acquired by Greenpro Capital Corp. He holds an MBA from Bulacan State University, Philippines, and professional accountancy qualifications from ACCA, AIA, and HKICPA. He is also a member of various professional associations, including the Association of Chartered Certified Accountants and the Hong Kong Institute of Certified Public Accountants.

Prabodh Kumar Kantilal H Sheth, Non-Executive Director

Prabodh Kumar Kantilal H Sheth serves as a Non-Executive Director on the Board of Greenpro Capital Corp.

Winson Han (Han Mean Kwong), Independent Non-Executive Director

Winson Han serves as an Independent Non-Executive Director for Greenpro Capital Corp. He is the Chair of the Audit and Nominating Committees and a member of the Compensation Committee. Mr. Han qualifies as the Audit Committee's financial expert.

Chew Chee Wah, Independent Non-Executive Director

Chew Chee Wah serves as an Independent Non-Executive Director on the Board of Greenpro Capital Corp. Mr. Chew meets the independence requirements of Nasdaq Listing Rule 5605(c)(2)(A) and Rule 10A-3(b)(1) under the Securities Exchange Act of 1934.

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The key risks to Greenpro Capital's business (GRNQ) are as follows:

1. Widening Operational Losses and Reliance on Unsustainable Financial Practices: Greenpro Capital's core service business is experiencing a decline in revenue, and its operational losses are increasing. The company has shown a reliance on asset sales, particularly investments, to bolster its financial performance, which is identified as an unsustainable business model. For instance, the net loss increased significantly from $330,000 in Q3 2024 to $513,000 in Q3 2025, and for the first nine months, the net loss grew from $1.1 million in 2024 to $1.7 million in 2025.
2. Exposure to Volatile Digital Asset Market and Regulatory Uncertainty: Greenpro Capital is significantly involved in the digital asset market through ventures like its CryptoSX licensed crypto exchange and the GreenX Ecosystem for real-world asset (RWA) tokenization. This exposes the company to substantial risks due to the inherent volatility of digital asset prices, which can drastically impact trading volumes and fee revenue during downturns. Furthermore, there is significant regulatory uncertainty, as global authorities are still formulating classifications for digital assets, and inconsistent interpretations could lead to licensing, registration, or enforcement challenges. The company also carries limited insurance against potential losses from cyberattacks or breaches in this sector.
3. Legal Battles and Potential for Goodwill Impairment: Greenpro Capital is currently facing a material legal dispute, including a lawsuit from Millennium Fine Art Inc. (MFAI) seeking approximately $66 million for alleged breach of contract related to non-fungible tokens (NFTs). An unfavorable outcome in this legal proceeding could have a severe adverse impact on the company. Additionally, the company holds a significant amount of goodwill on its balance sheet (over $6 million). Should any of its past acquisitions underperform, this goodwill may be subject to impairment, leading to a write-down of its recorded value. An example of such an impairment occurred in 2023 when Greenpro fully impaired a $4 million investment in MFAI due to continuous losses and doubts about the existence of the Millennium Sapphire.

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The emergence and increasing adoption of digital capital raising platforms and blockchain-based finance (such as Security Token Offerings - STOs) for Small and Medium-sized Enterprises (SMEs). These platforms and technologies aim to disintermediate traditional financial advisory services by providing direct, often more cost-effective and efficient, avenues for SMEs to raise capital and manage corporate finance activities, directly competing with Greenpro Capital's core business model.

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Business Consulting and Corporate Advisory Services

Wealth Management

Venture Capital Investment

Business Incubation

Digital Business

Real Estate Business

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Greenpro Capital (GRNQ) is anticipated to drive future revenue growth over the next 2-3 years through several key initiatives, primarily centered on "New Finance" and strategic expansion.

1. Expansion of "New Finance" Ecosystem (GreenX and Green Digital Bank): A significant driver is the company's focus on "New Finance," which leverages blockchain, digital banking, and tokenized assets. Greenpro Capital has received conditional approval to establish and operate a Green Digital Bank, aiming to provide cross-border Islamic digital financial services across ASEAN and beyond. Concurrently, its GreenX platform, a regulated, Shariah-compliant digital asset exchange, is designed for Real-World Asset (RWA) tokenization. These platforms are considered key tools to enhance financial inclusion, trust, and scalability in the digital financial era.
2. Real-World Asset (RWA) Tokenization and ESG-aligned Projects: Growth is expected from the continued development and adoption of RWA tokenization through GreenX. Additionally, the Green Token (XGT) ecosystem is specifically designed to nurture and fund Green-Tech ESG companies, including pioneering aeroponic tower farming projects. This commitment to Environmental, Social, and Governance (ESG) aligned investments and blockchain transparency is poised to generate revenue from new, sustainable ventures and investor participation.
3. Strategic Partnerships and Market Expansion in Asia: Greenpro Capital's strategy includes expanding its influence and collaborative efforts across Asia. Its new Kuala Lumpur headquarters serves as an "Incubation Base and Gateway Hub for Asia-Pacific companies entry into South East Asia." The company also engages in strategic collaborations, such as the Memorandum of Understanding with Crewstone International, which aims to facilitate deal referrals, introduce new investors, secure capital commitments, explore joint ventures, and broker asset transactions in high-growth sectors like supply chain, clean energy, logistics, and digital assets. Furthermore, Greenpro Capital is strengthening its advisory lineup for large-scale projects, such as the Thailand Entertainment Complex Consortium.
4. Venture Capital and Business Incubation Services: As a business incubator, Greenpro Capital provides a range of cross-border business solutions, including trust and wealth management, listing advisory services, transaction services, and accounting outsourcing to businesses and High-Net-Worth Individuals across Asia. The company also operates venture capital businesses, focusing on business development for start-ups and high-growth companies. This diversified portfolio of financial and advisory services to a growing client base is expected to contribute to revenue.

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1. Share Issuance
   • On June 23, 2025, Greenpro Capital completed a private placement, selling 200,000 shares of common stock at $1.30 per share, raising $260,000 for operating capital.
   • On October 1, 2025, Greenpro Capital completed another private placement, selling 100,000 shares of common stock at $1.30 per share, raising $130,000 for operating capital.
   • As of March 31, 2023, Greenpro Capital had 7,875,813 shares of common stock issued and outstanding, which increased to 8,375,813 shares by October 22, 2025.
2. Outbound Investments
   • On February 17, 2021, Greenpro Capital Corp. acquired an 18% stake in First Bullion Holdings Inc. for $22 million, paid with 685,871 shares of Greenpro Capital stock and $20 million in cash.
   • As of December 31, 2022, the company held 1,000,000 Class B common shares of MFAI, valued at a historical cost of $4,000,000, representing approximately a 5% stake in MFAI.
   • Greenpro Capital operates a venture capital business through its subsidiary, Greenpro Venture Capital Limited, which invests in select start-up and high-growth potential companies.