Greenpro Capital Corp. (NASDAQ: GRNQ)

Greenpro Capital Corp. operates as a diversified provider of business solution services targeting small and medium-sized enterprises in Southeast Asia and East Asia, with core operations in Hong Kong, China, and Malaysia, and expanding into Thailand and Taiwan. The company delivers cross-border business solutions, accounting outsourcing, and venture capital services through its network of subsidiaries and variable interest entities. Its activities include tax planning, cross-border listing advisory, corporate finance consulting, company formation, secretarial services, and financial technology solutions. Greenpro Capital Corp. also manages a blockchain-based digital asset exchange platform through its subsidiary Green-X Corp., which facilitates Shariah-compliant security token offerings and trading.

Greenpro Capital Corp. generates revenue primarily through service fees from its cross-border business solutions, accounting outsourcing, and venture capital activities. The company earns income from project-based fees ranging from 10% to 25% of client revenues on completed transactions, contract compliance, and business planning projects, as well as fixed or flat-rate fees based on project complexity and timing. Revenue is also derived from educational and support services such as the CEO & Business Owners Strategic Session seminars, and from its venture capital segment through investment returns and incubator operations. Additionally, the company generates income from its Green-X platform via transaction fees on security token offerings and digital asset trading on its regulated exchange.

The company operates through the following segments: Cross-Border Business Solutions, Accounting Outsourcing Services, Venture Capital Business, and Green-X Digital Asset Exchange.

• Cross-Border Business Solutions: This segment provides a full range of services to assist small and medium-sized enterprises in conducting business effectively across jurisdictions. Services include company formation in Hong Kong, the United States, the British Virgin Islands, and other overseas jurisdictions; bank account setup; bank loan referral; company secretarial services; business registration assistance; corporate finance consulting; due diligence and valuation; debt and restructuring advice; liquidation and insolvency guidance; marketing strategy design; financial and liquidity analysis; cloud invoicing and inventory system setup; cloud accounting and payroll system assistance; investor liaison for capital raising; tax planning and filing with the Inland Revenue Department of Hong Kong; cross-border listing advisory for NASDAQ and OTC Markets; international tax planning in China; trust and wealth management; online equity crowdfunding; cryptocurrency trading and digital asset exchange; capital market-focused news portal; big data and AI-driven financial services; financial technology (FinTech) services; and transaction services. The segment leverages trademarks owned by Greenpro Resources (HK) Limited in Classes 35, 41, and 42 for advertising, business management, administration, office functions, research services, education, and training across Hong Kong, the U. S. A., China, and Singapore.

• Accounting Outsourcing Services: This segment develops relationships with professional firms in Hong Kong, Malaysia, China, and Thailand to provide company secretarial, business center, virtual office, bookkeeping, tax compliance and planning, payroll management, business valuation, and wealth management services to clients. It includes local accounting firms to deliver general accounting, financial evaluation, and advisory services. The segment enables clients to access a one-stop solution for local and international business and financial compliance and governance needs through referred international clients from network firms. Services are delivered via cloud-based systems to ensure secure storage of financial information and support for clients’ financial statement preparation.

• Venture Capital Business: This segment focuses on establishing a business incubator for start-up and high-growth companies and identifying investment opportunities in selected high-growth enterprises in Asia, including Hong Kong, Malaysia, China, Thailand, and Singapore. It supports companies during critical growth periods with office space, expertise, business contacts, introductions, and advisory roles including board representation and strategic marketing. The segment follows a structured investment process involving deal flow generation, evaluation of product viability and management capability, negotiation, value addition through knowledge and contacts, and exit strategies such as IPO, trade sale, secondary sale, buyback, or reconstruction. It also delivers educational and support services through seminars like the CEO & Business Owners Strategic Session to develop “smart capital” and wealth creation skills among business owners in Malaysia and Singapore.

• Green-X Digital Asset Exchange: This segment operates a Shariah-compliant platform for security token offerings and trading under the Labuan Financial Services and Securities Act 2010 (LFSSA). The platform facilitates the listing of Issuer security tokens, subscription by Investors, and trading via the Green-X DAX ecosystem. It uses the Ijarah contract model to enable service facilitation for a fee and incorporates Wadi’ah principles in its e-wallet and Cold Wallet solutions provided by BitGo for secure asset custody. The segment supports asset-backed and equity-based security tokens, applies Shariah Tokenization Guidelines, and utilizes smart contracts on the Ethereum blockchain for self-execution and validation. Late payment charges may be applied as income, capped at 1% per annum non-compounded. The platform is advised by ISRA International Consulting Sdn. Bhd. for end-to-end Shariah compliance and serves Issuers, Investors, and DAX Listing Sponsors who conduct due diligence and prepare STO documentation.

Greenpro Capital Corp. holds a competitive position in the business advisory services industry by offering an integrated suite of cross-border, accounting, and venture capital services under a one-stop model, particularly in Hong Kong where competition from established law firms and consulting groups such as Marbury, King & Wood Mallesons, QMIS Financial Group, and First Asia Finance Group Limited is intense. The company differentiates itself through the breadth of its service offerings, pricing flexibility, marketing expertise, operational coverage across Southeast and East Asia, service levels, track record, brand reputation, and its ability to adapt to client needs. Its competitive edge is further strengthened by its venture capital incubator, educational seminars, and the Shariah-compliant Green-X platform, which taps into growing demand for ethical and digital asset-based fundraising in underserved markets.

Greenpro Capital Corp. serves clients located globally, including businesses and individuals from Hong Kong, China, Malaysia, Singapore, Indonesia, Thailand, Japan, Taiwan, the United Kingdom, and the United States. The company’s venture capital segment focuses on Hong Kong and other Asian start-ups and high-growth companies, while its Green-X platform targets issuers and investors seeking Shariah-compliant security token offerings. The firm does not rely on long-term agreements with customers and generates revenue through project-based and fixed-fee engagements across its service lines.