{"url_path":"/sec/grnq/8-k/2026-07-01/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-01","source_url":"https://www.sec.gov/Archives/edgar/data/1597846/0001493152-26-031459-index.html","accession_number":"0001493152-26-031459","cik":"0001597846","ticker":"GRNQ","issuer_name":"Greenpro Capital Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1597846/0001493152-26-031459-index.html","primary_entity_key":"0001597846","primary_entity_name":"Greenpro Capital Corp."},"word_count":319,"has_tables":true,"body_markdown":"**Item\n1.01 Entry into a Material Definitive Agreement.**\n\n \n\nOn\nJune 24, 2026, Greenpro Capital Corp. (the “Company”) entered into a Confidential Settlement Agreement and Mutual Release\nof Claims with Millennium Fine Art Inc. (“MFAI”). The Settlement Agreement resolves all claims asserted in the Nevada state\ncourt action (Case No. A-21-840033-B) and the related JAMS arbitration (Ref. No. 5260000038), including claims previously disclosed by\nthe Company relating to an alleged 2021 NFT-related contract.\n\n \n\nPursuant\nto the Settlement Agreement, and subject to the parties’ satisfaction of certain closing conditions, including delivery of executed\ndismissal documents, the Company will pay MFAI $100,000 and surrender 2,000,000 restricted shares of MFAI’s Class B common stock\nfor cancellation.\n\n \n\nThe\n2,000,000 restricted shares of MFAI Class B common stock to be surrendered for cancellation represent the entirety of the Company’s\nequity interest in MFAI. As previously disclosed, the Company acquired these shares on July 1, 2020 as consideration for the sale to\nMFAI of the Company’s 4% ownership interest in a 12.3-kilogram carved natural blue sapphire (the “Millennium Sapphire”),\nin which MFAI holds a 100% interest. These shares represent approximately 5% of MFAI’s issued and outstanding shares and approximately\n1% of MFAI’s total voting rights. Other than this investment, the matters resolved by the Settlement Agreement, and the Settlement\nAgreement itself, there is no material relationship between the Company and MFAI.\n\n \n\nFollowing\nthe exchange of the settlement consideration, the parties will dismiss the litigation and arbitration with prejudice. The Settlement\nAgreement also contains mutual general releases of claims, confidentiality and non-disparagement provisions, and provides that neither\nthe agreement nor its performance constitutes an admission of liability or wrongdoing by the Company.\n\n \n\nThe\nCompany’s Board of Directors approved the Settlement Agreement via unanimous written consent dated June 15, 2026.\n\n \n\nThe\nforegoing description is qualified in its entirety by reference to the full text of the Settlement Agreement, a copy of which is filed\nas Exhibit 10.1 hereto."}