Greenpro Capital (GRNQ) Incubated Company Angkasa-X Admitted as International Telecommunication Union (ITU) Member Files for LEO Satellite Launch

Greenpro Capital Corp. (NASDAQ: GRNQ) today announced that its incubated company, Angkasa-X has successfully admitted as an ITU-R member, is filing for application to launch its Low Earth Orbit (LEO) satellites. ITU is a specialised agency of the United Nations which manages space telecommunications.

(https://www.buletinmutiara.com/itu-r-membership-a-milestone-in-angkasa-xs-race-to-space/)

By initiating the process to obtain low earth orbits to launch its LEO satellites in the coming months, Angkasa-X has executed a Financial Advisory Agreement with BOA Investment Services Limited, a wholly-owned subsidiary of Bank of Asia ("BOA"), to appoint BOA as the long term financial partner to raise fund for Angkasa-X to set up ASEANLINK LEO Satellite Constellations.

Greenpro owns 28 million shares in Angkasa-X and is planning to list the company via an IPO on a U.S. exchange in the coming months.

Greenpro CEO, Dr. Lee said, "We are proud that Angkasa-X is set to become a SpaceTech Unicorn with its vision aligned with the United Nations SDGs, to provide satellite connectivity services to serve the 670 million Southeast Asia mass populations."

About ANGKASA-X

ANGKASA-X is a Technological-social Inclusion Company that strives to provide Internet Connectivity as a Necessity for the betterment of mankind. It consists of a group of companies investing in research & development, IP creation, technology & components sourcing, assembly-integration-testing, launching and maintaining state-of-the-art Low-Earth-Orbit (LEO) satellites. By offering an innovative Satellite-as-a-Service (SaaS) to countries in ASEAN. Angkasa-X's mission is to provide satellite internet-connectivity and other services to remote rural areas in the countries in ASEAN and neighbouring countries to establish ASEAN Space Economy via the formation of ASEANLINK LEO Satellites Constellation. Angkasa-X plans to raise funds from the global capital market to invest and operate ASEANLINK LEO Satellite Constellation. It aspires to be a Unicorn and the number one unique company for LEO satellite-based Internet services in ASEAN region. For more information on the company, please visit http://www.angkasax-innovation.com

About Greenpro Capital Corp.

Headquartered in Kuala Lumpur, Greenpro Capital Corp. (Nasdaq: GRNQ), a Nevada corporation, with strategic offices across Asia, is a business incubator 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.

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