GRNQ Greenpro Capital Corporation

Item 8.01 Other Events

As previously disclosed on its Current Report on Form 8-K filed on December 5, 2019, Greenpro Capital Corp. (the “Company”) received a written notice from the staff (the “Staff”) of the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq Listing Rule 5450(a)(1) because the closing bid price for the Company’s common stock had closed below $1.00 per share for the previous 30 consecutive business days (the “Bid Price Requirement”). On April 20, 2020, the Company received a letter (“New Notice”) from the Staff of the Nasdaq indicating that, due to extraordinary market conditions, Nasdaq has tolled the compliance period for the Bid Price Requirement through June 30, 2020 (the “Tolling Period”) and that on April 16, 2020 (the “Rule Change Date”), Nasdaq filed an immediately effective rule change with the SEC to implement the Tolling Period. The New Notice indicates that upon expiration of the Tolling Period and beginning on July 1, 2020, the Company will receive the balance of days remaining under its currently pending compliance period in effect at the Rule Change Date.

Accordingly, upon expiration of the Tolling Period and beginning on July 1, 2020, the Company will then have 41 calendar days from July 1, 2020, or until August 10, 2020, to regain compliance with the Bid Price Requirement. To regain compliance, the closing bid price of the Company’s common stock must meet or exceed $1.00 per share for a minimum of 10 consecutive business days during either the Tolling Period or during the 41 calendar days following the Tolling Period.