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GreenPro Capital Corp.

04/30/2026 | Press release | Distributed by Public on 04/30/2026 12:26

Material Agreement, Private Placement (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.

Subscription Agreement

On April 28, 2026, Greenpro Capital Corp. (the "Company") entered into a subscription agreement (the "Subscription Agreement") with its Chief Executive Officer, President and Director, Mr. Lee Chong Kuang, (the "Purchaser") providing for the private placement of 107,310 shares of the Company's common stock, par value $0.0001 (the "Common Stock"), at a per share purchase price of $2.3297 (the "Offering") for aggregate gross proceeds of $250,000. The Offering closed on April 28, 2026. Following completion of the Offering, the Company had a total of 18,033,123 shares of Common Stock issued and outstanding, and Mr. Lee holds directly 1,846,344 shares or 10.24% of the Company's outstanding Common Stock. As of April 28, 2026, Mr. Lee and his spouse, Ms. Yap Pei Ling, held an aggregate of 2,012,259 shares, representing approximately 11.16% of the Company's outstanding Common Stock, consisting of 1,846,344 shares held directly by Mr. Lee and 165,915 shares held by Ms. Yap Pei Ling.

The issuance of shares of Common Stock pursuant to the Subscription Agreement was made in reliance upon the exemptions from registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended, (the "Securities Act") and Regulation D and/or Regulation S promulgated under the Securities Act. The Company believes the exemptions provided by Section 4(a)(2) and Regulation D, and/or Regulation S of the Securities Act were available because the offering did not involve a public offering and the Purchaser in the Offering represented that he is an "accredited investor" within the meaning of Rule 501(a) of Regulation D and/or is not a "U.S. person" as defined in Regulation S.

No underwriters were involved in the offer and sale of the Common Stock in the Offering. We plan to use the proceeds of the Offering for operating capital.

Item 3.02 Unregistered Sale of Equity Securities

The information contained above under Item 1.01, to the extent applicable, is hereby incorporated by reference herein.

GreenPro Capital Corp. published this content on April 30, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 30, 2026 at 18:26 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]