GreenPro Incubated Company Angkasa-X to Launch Malaysian Satellite to Lead ASEAN's Space Economy

KUALA LUMPUR, MALAYSIA / ACCESSWIRE / May 30, 2023 / Greenpro Capital Corp. (NASDAQ:GRNQ) Angkasa-X to launch Malaysian satellite to lead ASEAN's space economy.

Greenpro Capital a business incubator with a diversified business portfolio and the second largest shareholder of Angkasa-X, the company received the exact time and date of the launch of the (PG1) satellite. The PG1 satellite is slated for launch at 7:30pm (KL time) on June 27 spearheading a massive thrust to propel Malaysia's spacetech ecosystem. The announcement was made by Angkasa-X executive chairman. Dr. Sean Seah at an exhibition to showcase the PG1 satellite.

CEO of Angkasa-X Dr. Seah stated "After years of hard work, R&D and fundraising, we are finally here! It is a giant step for Angkasa-X's dream since our incorporation in 2021 to launch our designed-in-Malaysia satellite into space,"

The exhibition was held in collaboration with the Malaysia Industry-Government Group for High Technology (MIGHT), under the auspices of the Prime Minister's Office.

MIGHT president Datuk Yusoff Sulaiman said "It is an ambitious undertaking, but we are certain through their vast technical know-how, coupled with the concerted coming together of various stakeholders, we can quite literally reach for the stars towards the furtherance of Malaysia's space agenda,"

Greenpro Capital CEO, Dr. CK Lee said: "We have been working with Angkasa-X since year 2020 and their success is a prime example and case study of how the Greenpro business model develops shareholder value through our vast business portfolio. We are confident that Angkasa-X will be successful in achieving their goal of becoming the first company in Malaysia to become a "Unicorn" a company valued over a billion dollars".

About Angkasa-X:

Angkasa-X is the Space-X of the ASEAN region. ASEAN is a union of 10 countries representing 680 million people. Angkasa-X is a Technological-social Inclusion Company that strives to provide Internet Connectivity by offering Satellite-as-a-Service (SaaS) to countries in the ASEAN region. Angkasa-X consists of a group of companies investing in Research & Development, IP creation, components sourcing & testing, assembly & manufacturing, launching and maintaining state-of-the-art Low-Earth-Orbit (LEO) satellites. Angkasa-X will operate A-SEANLINK LEO Satellite Constellation, the company aspires to be a unicorn and the number one go-to company for LEO satellite-based Internet services in ASEAN. ANGKASA-X is an official member of the International Communication Union ("ITU"), a specialized agency of the United Nations, related to information and communication technologies. ANGKASA-X is also a registered holder of Network Service Provider ("NSP") and Network Facilities Provider ("NFP") licenses from the Malaysian regulator, Malaysian Communications and Multimedia Commission ("MCMC").

For more information on the company, please visit http://www.angkasa-x.com.

About Greenpro Capital Corp.

Headquartered in Kuala Lumpur and a Nevada corporation, Greenpro Capital Corp. (NASDAQ:GRNQ), is a business incubator with strategic offices across Asia. With a diversified business portfolio comprising of finance, technology, banking, and Green-X for STOs, health and wellness as well as 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. This is done 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. Greenpro also operates venture capital businesses, including business development for start-ups and high growth companies.

For further information regarding the company, please visit http://www.greenprocapital.com.

The Green-X exchange can be found at https://www.green-x.io/

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.

GRNQ has 7,875,813 million shares issued and outstanding with a float of 3,831,677 shares

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
Phone: +603-2201 3192
mycorp@greenprocapital.com

SOURCE: Greenpro Capital Corp.