Greenpro Capital Corp.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Climate Goals & Targets
Long-term Goals:
- Initiating the “Greenpro Capital Tower” plan in ASEAN.
Medium-term Goals:
- Strengthening the development of ADAQ as an acceleration platform for high-growth companies in ASEAN and China.
Short-term Goals:
- Expansion of corporate finance services in China, Hong Kong, Malaysia, and Thailand.
Environmental Challenges
- COVID-19 pandemic impacting operations and revenue.
- Limited operating history and dependence on marketing and capital raising for profitability.
- Potential for unpredictable operating results and fluctuations in demand.
- Risks associated with international operations in South-East Asia and East Asia (political, legal, economic).
- Difficulty enforcing judgments against the company due to international operations.
- Restrictions on dividend payments under various jurisdictions' laws.
- Uncertainty in the interpretation and implementation of PRC laws and regulations.
- Potential liabilities under the Foreign Corrupt Practices Act and Chinese anti-corruption law.
- Risks related to cybersecurity and data protection in China and Hong Kong.
- Difficulty for overseas shareholders and regulators to conduct investigations within China.
- Potential delisting under the Holding Foreign Companies Accountable Act (HFCAA).
- Risks related to the company's corporate structure and operations in China.
- Potential for additional compliance requirements from the Chinese government.
- Potential for delisting from NASDAQ due to non-compliance with listing requirements.
- Potential for highly volatile stock price.
- Potential for the company's stock to be classified as a penny stock.
Mitigation Strategies
- Management is evaluating the impact of the COVID-19 pandemic and believes existing shareholders or external financing will provide additional cash to meet obligations.
- The company plans to expand its corporate finance services and develop the ADAQ platform to improve profitability.
- The company is implementing security systems and procedures to protect confidential information.
- The company is complying with applicable laws and regulations in the jurisdictions where it operates.
- The company is working to improve its profitability and financial position.
- The company is monitoring its operations and adapting to changing business conditions.
- The company's auditor is headquartered in Malaysia and has assured cooperation with PCAOB inspections.
- The company is working to comply with new regulatory requirements from the Chinese government.