Greenpro Capital Announces Relocation of its Headquarters to Kuala Lumpur, Malaysia

HONG KONG, CHINA / ACCESSWIRE / July 27, 2020 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced that it will relocate its headquarters to Kuala Lumpur, Malaysia, effective immediately, to enhance its business operations with a focus on the ASEAN Region. GRNQ intends to take advantage of the economic growth and expansion of its business in the ASEAN Region, the low operational costs and the availability of talented staff in Malaysia. GRNQ also believes the relocation will help with the ongoing reorganization of its resources, especially after its recent acquisition of ATA Plus Sdn. Bhd., to enable GRNQ to grow into a more integrated financial group and business incubator.

Establishing our headquarters in Kuala Lumpur, Malaysia, is consistent with our business development in the Islamic Financial world in partnership with our ATA Plus, as well as our international development and geographical expansion strategies in the ASEAN Region. GRNQ is actively looking for opportunities to expand its market coverage and seek potential business combinations and/or partnerships to achieve a well-diversified company. GRNQ also expects to enhance its capabilities and competitive advantages by improving its efficiency in capital market formation amongst its clients in the ASEAN Region to assist its clients to go public in the United States, Hong Kong and UK. In addition, we intend to provide an integrated and regulated financial services covering family office, business consulting, business incubation, trust and asset protection, asset and fund management, financial planning and wealth management, equity crowdfunding and Crypto exchange.

CEO CK Lee said, "We are very pleased to reposition our business operations as an ASEAN financial group. We are very excited with our plans to continue to expand our business and create value for our investors".

About Greenpro Capital Corp.

Headquartered in Kuala Lumpur, Malaysia, with strategic offices across Asia, Greenpro Capital Corp. (Nasdaq: GRNQ) is a business incubator and multinational conglomerate with a diversified business portfolio comprising finance, technology, banking, CryptoSx for STOs, health and wellness and fine art. With 30 years of experience in various industries, Greenpro has been assisting and supporting businesses and High-Net-Worth-Individuals to capitalize and securitize their value on a global scale through the provision of cross-border business solutions, spinoffs on major stock exchanges and accounting outsourcing services to small and medium-size businesses located in Asia. The comprehensive range of cross-border business services include, but are not limited to, trust and wealth management, listing advisory services, transaction services, cross-border business solutions, record management services, accounting outsourcing services and tax advisory services. We also operate venture capital businesses, including business development for start-ups and high growth companies, covering finance, technology, FinTech, and health and wellness. For further information regarding the Company, please visit http://www.greenprocapital.com.

Forward-Looking Statements This press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company's financial position and business strategy. The words or phrases "plans," "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "think," "considers" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of local, regional, and global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.

Gilbert Loke, CFO, Director

Greenpro Capital Corp. Email: ir.hk@greenprocapital.com

Phone: +852-3111 7718

Contact Dennis Burns. Investor Relations.

Tel (567) 237-4132

dburns@nvestrain.com

SOURCE: Greenpro Capital Corp

ReleaseID: 599008