Revenue Performance - Total revenues for the year ended December 31, 2024, were $3,496,405, a slight increase from $3,477,664 in 2023, primarily driven by digital platform and trading of digital assets revenue of $327,802[411] - Service revenue decreased to $3,091,903 in 2024 from $3,379,596 in 2023, reflecting challenges in the business consulting and advisory services segment[412] - Digital revenue reached $327,802 in 2024, compared to $0 in 2023, indicating successful entry into the digital platform services and trading of digital assets[413] - Rental revenue declined to $76,700 in 2024 from $98,068 in 2023, with expectations for stable rental income moving forward[414] - Related party service revenue totaled $364,336 in 2024, significantly lower than $1,425,577 in 2023, indicating a shift in revenue sources[436] - Related party service revenue for the year ended December 31, 2023, totaled $1,289,779, representing approximately 38% of total service revenue[438] - Digital revenue from related parties for the year ended December 31, 2024, was $21,000, with Mr. Lee contributing $20,000, accounting for 95% of this revenue[439] Operating Costs and Losses - Total operating costs and expenses decreased to $4,465,683 in 2024 from $4,980,842 in 2023, contributing to a reduced loss from operations[416] - Loss from operations improved to $969,278 in 2024, down from $1,503,178 in 2023, due to increased gross profit from the digital business and reduced general and administrative expenses[417] - General and administrative expenses were $4,039,243 in 2024, down from $4,409,264 in 2023, with a significant decrease in provisions for credit losses[422] - Net loss for the year ended December 31, 2024, was $725,827, a decline from net income of $1,049,699 in 2023, primarily due to the absence of reversals of impairments that occurred in the previous year[428] Investments and Acquisitions - The company acquired the remaining 40% shares of Forward Win International Limited, making it a wholly owned subsidiary, which is expected to streamline operations and improve profitability[425] - Gain on disposal of related party investments for the year ended December 31, 2024, was $324,917, primarily from the sale of Agape ATP Corporation and MU Global Holding Limited[450] - Impairment of related party investments significantly decreased from $4,982,000 in 2023 to $87,425 in 2024[451] Cash Flow and Financial Position - The company recorded a net loss of $725,827 for the year ended December 31, 2024, with net cash used in operations amounting to $1,360,454[473] - Cash balance decreased from $2,223,197 on December 31, 2023, to $1,124,818 on December 31, 2024, a decrease of $1,098,379[472] - Net cash provided by investing activities was $601,277 in 2024, compared to a net cash used of $94,640 in 2023[481] - Net cash used in financing activities increased from $5,968 in 2023 to $208,768 in 2024, primarily due to advances to related parties[484] Related Party Transactions - The cost of service revenue to related parties decreased from $23,280 in 2023 to $10,934 in 2024[440] - Related party general and administrative expenses increased from $122,880 in 2023 to $149,817 in 2024[443]

GreenPro Capital Strengthen Its Lineup of Advisors for Thailand Entertainment Complex Consortium ...

Revenue Performance - Total revenue for Q3 2024 was $539,699, a decrease of 49.6% from $1,070,972 in Q3 2023, primarily due to a decline in business services revenue [124]. - Business services revenue decreased to $521,765 in Q3 2024 from $1,043,360 in Q3 2023, attributed to fewer completed listing service obligations [125]. - Rental revenue fell to $17,934 in Q3 2024 from $27,612 in Q3 2023, a decrease of 35% due to the distribution of 40% of real estate properties to non-controlling interest [126]. - Total revenue for the nine months ended September 30, 2024, was $1,559,272, down 32.5% from $2,309,592 in the same period of 2023 [137]. - Related party service revenue for the nine months ended September 30, 2024, totaled $347,570, down from $1,232,526 in 2023, representing a decline of approximately 72% [158]. Operating Costs and Losses - Total operating costs and expenses were $1,012,972 in Q3 2024, down from $1,207,517 in Q3 2023, reflecting a decrease of 16.1% [127]. - Loss from operations increased to $473,273 in Q3 2024 compared to $136,545 in Q3 2023, driven by reduced revenue [128]. - Net loss for Q3 2024 was $330,320, compared to a net loss of $120,994 in Q3 2023, indicating a worsening financial position [135]. - Net loss for the nine months ended September 30, 2024, was $1,168,983, contrasting with a net income of $6,563,458 in the same period of 2023, primarily due to the absence of significant reversals of impairments [149]. - The Company incurred a net loss of $1,168,983 for the nine months ended September 30, 2024, contributing to an accumulated deficit of $37,707,535 [181]. Cash Flow and Financial Position - As of September 30, 2024, the cash balance was $1,027,513, down from $2,223,197 on December 31, 2023, indicating a decrease of $1,195,684 [180]. - Net cash used in operating activities was $1,191,874 for the nine months ended September 30, 2024, compared to $1,293,574 in 2023, showing a decrease of approximately 8% [184]. - Net cash provided by investing activities for the nine months ended September 30, 2024, was $333,265, compared to a net cash used of $14,710 for the same period in 2023 [186]. - Net cash used in financing activities increased from $66,763 in 2023 to $183,533 in 2024, primarily due to advances to related parties of $180,994 [187]. Expenses and Adjustments - General and administrative expenses decreased to $868,333 in Q3 2024 from $978,023 in Q3 2023, a reduction of 11.3% [133]. - Related party G&A expenses increased to $122,127 for the nine months ended September 30, 2024, compared to $90,407 in 2023, reflecting an increase of approximately 35% [162]. - Non-cash adjustments for the nine months ended September 30, 2023, totaled $7,106,692, mainly from the reversal of impairment of other investments of $6,882,000 [185]. Future Outlook - The company expects revenue from business services and real estate segments to slightly decline in the coming months due to expiring tenancies and potential lower rental rates [137]. - Future minimum rental payments under a non-cancellable operating lease in Hong Kong are approximately $44,554, with $24,518 due in 2024 and $20,036 in 2025 [156]. Cybersecurity Management - The company has integrated cybersecurity risk management into its overall risk management framework to enhance decision-making processes [188]. - The company conducts thorough security assessments of all third-party providers before engagement and maintains ongoing monitoring to ensure compliance with cybersecurity standards [189]. - The company has not encountered cybersecurity challenges that materially impaired its operations or financial standing [190]. - As a smaller reporting company, the company is not required to provide certain market risk disclosures [191]. Non-controlling Interest - For the nine months ended September 30, 2024, the net loss attributable to non-controlling interest was $10,543, a decrease from $17,820 in the same period of 2023, representing a reduction of approximately 41% [152]. - The Company acquired the remaining 40% shares of FWIL on April 15, 2024, making it a wholly owned subsidiary, which eliminated profit or loss attributable to non-controlling interest [151].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number 001-38308 Greenpro Capital Corp. (Exact name of registrant issuer as specified in its charter) Nevada 98-1146821 (State or o ...

Group 1 - Greenpro Capital's stock experienced a significant rally, closing up more than 34% on Monday with over 10 million shares traded, compared to an average daily volume of around 183,000 shares [1][3] - The rally was driven by the announcement of a strategic partnership between Greenpro Capital, its subsidiary Green-X, and Bank Islam Trust Company, aimed at penetrating the Muslim and Middle Eastern communities [1][2] - Following the rally, GRNQ stock fell 19.1% on Tuesday morning, with trading volume already exceeding the daily average at 230,000 shares [3] Group 2 - The CEO of Greenpro Capital, Dr. CK Lee, expressed excitement about the partnership with Bank Islam Trust, highlighting the demand for digital asset investments in the Middle East and plans to structure alternative investment products [2]

Revenue Performance - Total revenue for Q1 2024 was $658,399, an increase of 3.2% from $637,735 in Q1 2023, primarily due to higher service business revenue [124]. - Revenue from business services was $633,792 in Q1 2024, up from $615,604 in Q1 2023, reflecting increased non-listing advisory services [125]. - Rental revenue increased to $24,607 in Q1 2024 from $22,131 in Q1 2023, indicating stable rental income from properties in Malaysia and Hong Kong [126]. - The company expects steady improvement in revenue from both service and real estate business segments in the coming years [124]. Operating Costs and Losses - Total operating costs and expenses rose to $1,132,112 in Q1 2024 from $969,748 in Q1 2023, leading to a loss from operations of $473,713 compared to $332,013 in the prior year [128]. - General and administrative expenses increased to $1,051,238 in Q1 2024 from $891,564 in Q1 2023, primarily due to a rise in provision for credit losses from $27,062 to $127,763 [130]. - Net loss for Q1 2024 was $272,910, a significant decline from net income of $21,936 in Q1 2023, attributed to the absence of reversals of impairments that occurred in the previous year [132]. Related Party Transactions - Related party service revenue decreased to $194,249 in Q1 2024 from $341,172 in Q1 2023, with Celmonze Wellness Corporation contributing approximately 76% of this revenue [138]. - As of March 31, 2024, amounts due from related parties were $898,947, an increase from $750,860 as of December 31, 2023 [144]. Cash Flow and Financial Position - The company's cash balance decreased to $1,654,243 on March 31, 2024, from $2,223,197 on December 31, 2023, a decrease of $568,954 [153]. - The company incurred a net loss of $272,910 for the three months ended March 31, 2024, with an accumulated deficit of $36,814,612 [154]. - Net cash used in operating activities was $540,043 for the three months ended March 31, 2024, compared to $751,522 for the same period in 2023 [156]. - Net cash provided by investing activities was $176,100 for the three months ended March 31, 2024, primarily from the disposal of other investments [157]. - Net cash used in financing activities was $206,090 for the three months ended March 31, 2024, mainly due to advances to related parties of $205,281 [157]. - The company experienced an increase in accounts receivable of $139,827 and a decrease in accounts payable and accrued liabilities of $273,025 during the three months ended March 31, 2024 [156]. - Non-cash adjustments for the three months ended March 31, 2024, totaled $9,112, including a gain on disposal of investment of $179,980 [156]. Financial Outlook and Concerns - The company is dependent on improving profitability and financial support from major shareholders to continue as a going concern [155]. - The company has raised funds in the past but future financing is uncertain and may come with restrictions or dilution [155]. Revenue Recognition - The company follows ASC 606 for revenue recognition, which requires judgment in identifying contracts and performance obligations [148].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 or FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-38308 Greenpro Capital Corp. (Exact name of registrant issuer as specified in its charter) Nevada 98-1146821 (State or o ...

Revenue Performance - Total revenue for Q3 2023 was $1,070,972, a decrease of 18% from $1,306,439 in Q3 2022, primarily due to no real estate sales in 2023 compared to $652,788 from two units sold in 2022[138] - Revenue from business services increased to $1,043,360 in Q3 2023 from $628,295 in Q3 2022, driven by completed listing service obligations[139] - Rental revenue for Q3 2023 was $27,612, up from $25,356 in Q3 2022, indicating stable rental income[141] - For the nine months ended September 30, 2023, total revenue was $2,309,592, down from $2,690,227 in the same period of 2022, again due to no real estate sales in 2023[149] - Revenue from business services for the nine months ended September 30, 2023, was $2,239,354, an increase from $1,760,880 in 2022, reflecting growth in consulting and advisory services[150] - Related party service revenue for the nine months ended September 30, 2023, was $1,232,526, an increase from $548,602 in the same period of 2022[164] Operating Costs and Expenses - Total operating costs and expenses decreased to $1,207,517 in Q3 2023 from $1,536,785 in Q3 2022, contributing to a reduced loss from operations of $136,545 compared to $230,346 in the prior year[142] - General and administrative expenses for the nine months ended September 30, 2023, were $2,686,846, down from $2,910,231 in 2022, indicating cost management efforts[155] Net Income and Loss - Net loss for Q3 2023 was $120,994, significantly improved from a net loss of $452,805 in Q3 2022, mainly due to the absence of impairment charges in 2023[147] - Net income for the nine months ended September 30, 2023, was $6,563,458, a turnaround from a net loss of $2,414,835 in the same period of 2022, primarily due to a reversal of impairment[158] - The company recorded a net income of $6,563,458 for the nine months ended September 30, 2023, with non-cash adjustments totaling $7,105,607[177] Cash Flow and Financial Position - As of September 30, 2023, the company's cash balance was $2,559,285, a decrease of $1,352,250 from $3,911,535 on December 31, 2022[174] - For the nine months ended September 30, 2023, net cash used in operating activities was $1,293,574, compared to $2,157,380 for the same period in 2022[177] - Cash used in financing activities for the nine months ended September 30, 2023, was $66,763, compared to $416,382 for the same period in 2022[179] - The company incurred an accumulated deficit of $31,041,402 as of September 30, 2023, raising substantial doubt about its ability to continue as a going concern[175] - The company has no significant off-balance sheet arrangements that could materially affect its financial condition as of September 30, 2023[162] Future Commitments - The future minimum rental payments under a non-cancellable operating lease in Hong Kong are approximately $141,508, due in 2023, 2024, and 2025[163] - Future minimum lease payments under a finance lease agreement for a motor vehicle in Malaysia are approximately $20,476, due from 2023 to 2028[163] Impairment and Adjustments - The company recorded a reversal of impairment of related party investment of $6,882,000 for the nine months ended September 30, 2023[165] - The company expects revenue from both service and real estate businesses to improve as the impact of the COVID-19 pandemic abates[138]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number 001-38308 Greenpro Capital Corp. (Exact name of registrant issuer as specified in its charter) Nevada 98-1146821 (State or o ...

Revenue Performance - Total revenue for the three months ended March 31, 2023, was $637,735, an increase of 10.7% from $575,846 in the same period of 2022[113]. - Revenue from business services was $615,604 for the three months ended March 31, 2023, compared to $355,033 for the same period in 2022, reflecting a significant increase of 73.5%[113]. - There was no revenue generated from the sale of real estate properties for the three months ended March 31, 2023, down from $186,873 in the same period of 2022[114]. - Rental revenue decreased to $22,131 for the three months ended March 31, 2023, from $33,940 in the same period of 2022, a decline of 34.7%[115]. - Related party service revenue increased to $341,172 for the three months ended March 31, 2023, compared to $59,085 in the same period of 2022, a growth of 476.5%[127]. Operating Costs and Income - Total operating costs and expenses decreased to $969,748 for the three months ended March 31, 2023, from $1,106,549 in the same period of 2022, a reduction of 12.4%[116]. - Loss from operations improved to $332,013 for the three months ended March 31, 2023, compared to a loss of $530,703 in the same period of 2022, a decrease in loss of 37.3%[116]. - Net income for the three months ended March 31, 2023, was $21,936, a significant recovery from a net loss of $1,009,870 in the same period of 2022[122]. - General and administrative expenses were $891,564 for the three months ended March 31, 2023, slightly down from $904,139 in the same period of 2022[120]. Cash Flow and Financial Position - The cash balance as of March 31, 2023, was $3,030,128, a decrease of $881,407 from $3,911,535 on December 31, 2022[136]. - Net cash used in operating activities for the three months ended March 31, 2023, was $751,522, compared to $774,931 for the same period in 2022[139]. - Net cash used in investing activities for the three months ended March 31, 2023, was $500, compared to net cash provided of $181,466 for the same period in 2022[140]. - Net cash used in financing activities for the three months ended March 31, 2023, was $128,702, down from $172,568 in 2022[140]. - Cash used in financing activities was mainly due to advances to related parties of $328,702, offset by collections of notes receivable of $200,000[140]. Going Concern and Future Outlook - The company incurred an accumulated deficit of $37,591,591 as of March 31, 2023, raising substantial doubt about its ability to continue as a going concern[137]. - The company’s ability to continue as a going concern depends on improving profitability and financial support from major shareholders[138]. - There is no assurance that future financing will be available or on satisfactory terms, which may lead to operational restrictions or shareholder dilution[138]. - The company has sufficient cash available to meet its anticipated working capital for the next twelve months[136]. - The company recorded non-cash adjustments totaling $264,598 for the three months ended March 31, 2023, primarily from reversals of impairment and write-offs[139]. - Future minimum rental payments under leases as of March 31, 2023, are approximately $191,225, with $73,932 due in 2023[126].