OTC: SGLA

Since
July 2, 2020, along with the resumption of the Company’s business operations, Ms. Wo Kuk Ching (“Ms. Wo”), spouse of
Mr. Luo has served as President and director of the Company, Ms. Wong Ching Wing (“Elise”), daughter of Ms. Wo has served
as Chief Financial Officer, Treasurer and director of the Company, and Ms. Wong Erin (“Erin”), another daughter of Ms. Wo
has served as Secretary of the Company, respectively. On August 31, 2020, the Company changed its name from “Go Silver Toprich,
Inc.” back to “Sino Green Land Corporation”.

On
December 2, 2021, Mr. Luo submitted his resignation as Chief Executive Officer and director of the Company to the board of directors
effective June 30, 2021.

Effective
from June 30, 2021, Ms. Wo serves as Chief Executive Officer, and currently holds the positions of Chief Executive Officer, President,
and director of the Company, respectively.

On
June 30, 2023, Sunshine Green Land Corp. (“SGL”) acquired 100% interest in Tian Li Eco Holdings Sdn. Bhd (“Tian Li”).

On
October 1, 2023, SGLA merged SGL and all of the outstanding shares of SGL’s common stock were exchanged for 160,349,203 shares
of common stock of SGLA and 1,781,658 shares of preferred stock of SGLA. As SGLA and SGL were under common control at the time of the
share exchange, the transaction is accounted for as a combination of entities under common control in a manner similar to the pooling-of-interests
method of accounting.

2

Our
Mission

Our
mission is rooted in advocating for waste recycling, aiming for a sustainable environmental future. With its strategic initiatives, the
Company’s objective is to become a prominent environmental recycling entity in Asia over the coming five years.

Our
Model

We
collects and sourcing the raw material such as the PET Bottle Bundle from Cambodia, Southeast Asia and New Zealand. After the raw material
is delivered to the factory, we will process the sorting, cutting, crushing, washing, cleaning, drying, separating, recycling processing
and further processing, until the materials are finally recycled into plastic end products such flakes, or Strapping belt, is produced.
Thereafter, we sells it to local or oversea trading companies.

We
recognizes the increasing importance of PET recycling in the global landscape. As the sector expands, there is noticeable demand from
both brand manufacturers and end-users. Additionally, global governments are showing a heightened focus on environmental policies, providing
further support to the PET recycling industry.

The
PET recycling industry presents several challenges, often acting as barriers to entry for many entities. We have developed strategies
to address these challenges. For instance, procuring raw materials demands a broad and reliable supply chain network, and the Company
has invested in building such networks over the years. Adhering to international standards for recycled PET is crucial, and we through
our technological assets and industry knowledge, aims to produce products that fit within these specifications. Addressing potential
environmental concerns associated with the recycling process, the Company operates with the necessary legal and safety permits. These
are licenses and report from the environmental impact assessment (EIA) and the environment management plan (EMP), and the permits from
the Malaysia Investment Development Authority (MIDA).

Our
foundation in the PET recycling domain is further highlighted by its infrastructural assets in Malaysia. The Company houses several pieces
of advanced machinery and equipment together with its capabilities and technologies to produce good quality recycled PET materials for
its customers. Furthermore, our foundational strength is the experienced and capable management and processing teams. The Company’s
founders and core team possess a blend of experience and technical knowledge, positioning us as a notable player in the PET recycling
sector.

Our
Products

Product
Offerings:

-
PET
Bottle Flakes:

○
Processed
through a sequence of sorting, crushing, washing, separation, and drying, PET Flakes serve as an alternate raw material to traditional
polyester. These flakes find applications in products ranging from staple fibers to strapping belts.

○
Specifications:

■
Intrinsic
Viscosity (IV): >0.7

■
Moisture:
<1%

■
PVC
Content: <0.01%

■
Foreign
Material: <0.02%

3

-
PET
Strapping Belt:

○
We
employ superior raw materials and additives to produce these belts, offering them in varied colors and surface finishes (either smooth
or embossed).

○
Recognized
for its high tensile strength (comparable to steel straps, reaching up to 80%), these belts are durable across varying climatic conditions,
exhibit heat resistance, and have enhanced longevity.

○
Product
Specifications:

■
Model
T1608-G:

●
Dimensions:
1100m16mm0.8mm

●
Weight:
20KG

●
Tensile
Strength: 496 Kgf

■
Model
T1910-G:

●
Dimensions:
800m19mm1.0mm

●
Weight:
20KG

●
Tensile
Strength: 798 Kgf

-
HDPE
Pellets:

○
Sourced
from caps and rings of PET bottles, these HDPE pellets are suited for casting molding applications. Defined by its density (>0.941
g/cm3), HDPE stands as a robust variant within the polyethylene category. Renowned for its impact resistance, lightweight properties,
low moisture absorption, and high tensile strength, HDPE also exhibits non-toxic and non-staining characteristics.

Our
PET bottle flakes cater to diverse geographical markets, including the Asia-Pacific, Europe, and the Americas, with exports to nations
like Germany, the U.S., Ukraine, Vietnam, Thailand, Malaysia, Indonesia, and Turkey, among others. The global PET fiber production capacity
stands at approximately 60.53 million tons in 2021 (Statista Research Department, March 24, 2023), representing potential clients for
the Company. Our PET plastic-steel straps have reached markets in countries such as China, Australia, Vietnam, Malaysia, Indonesia, and
Thailand, with ongoing expansion initiatives. Additionally, Our HDPE recycled pellets find customers in China and Malaysia, suggesting
a notable demand in the market.

The
Company’s goals

Our
strategic positioning in Semenyih, Malaysia, serves as a logistical advantage, facilitating efficient connections with both local and
international customers via major transportation hubs. This not only ensures reduced delivery times but also minimizes transportation
costs. On a daily basis, we procure recyclable plastics from local sources, aiming to reduce the amount of non-biodegradable plastics
that might otherwise reach landfills. With a steadfast commitment to the environment, the Company continually seeks enhancements in its
recycling process and pledges to increase its investments in this domain.

Competitive
Strengths

Our
Directors believe that our competitive strengths are as follows:

●
Our
depth of understanding in the plastic recycling sector has made the Company attuned to its challenges and intricacies. As such, we
strictly adhere to the regulations and guidelines set forth by the Malaysian government. Furthermore, the company has integrated
practices from recycling standards observed in developed nations, aligning its operations with international benchmarks.

●
Our
core expertise is in processing waste PET beverage and packaging bottles. Through advanced methodologies, we transform waste bottles
into PET bottle flakes, which are tailored for PET fiber production. The facility houses over 40 pieces of advanced equipment, emphasizing
consistent quality and innovation. This commitment to technology and research positions us as a notable entity within the environmental
protection sector.

●
Currently,
we have a production capability of 50,000 tons of PET waste plastic bottles annually. As the Company plans for the future, there
is an envisioned expansion in its operational scope. We have also introduced a production line for PET plastic-steel strapping belts,
resulting in an annual yield of 3,000 tons. Additionally, we produce HDPE recycled pellets from waste plastic bottle components,
with an annual output ranging between 3,500 to 4,000 tons. Due to the quality of the PET bottle flakes and pellets produced, they
find applications in various PET-based productions. Our recycled raw materials, being closely comparable to virgin plastics and cost-effectiveness,
present a viable option for its customers, both domestic and international, in the market.

4

Market
Overview

Addressing
the Global Plastic Waste Crisis

The
global plastic waste crisis has taken center stage in environmental discussions over recent decades. Since the 1950s, there has been
a staggering surge in plastic production. What began as an annual output of 2 million tons has skyrocketed to an overwhelming 348 million
tons by 2017. Correspondingly, the global plastic industry’s worth has soared to an estimated $522.6 billion. If current trajectories
persist, the industry might potentially double in value by 2040 (Historic day in the campaign to beat plastic pollution: Nations commit
to develop a legally binding agreement, Press release, United Nations Environment Programme (UNEP), Mar 2022).

However,
this surge in plastic production and its subsequent pollution presents monumental challenges that ripple across ecosystems. Climate change,
biodiversity reduction, and the broad spectrum of environmental pollution are all exacerbated by this pervasive plastic proliferation.
The consequences, if left unaddressed, could lead to irreversible environmental damages.

Beyond
the environmental toll, there are significant health concerns related to plastic pollution. These implications span from potential disruptions
in human fertility and hormonal imbalances to metabolic irregularities and concerning neurological effects. Notably, the open burning
of plastics has also become a significant contributor to atmospheric pollution.

As
global efforts intensify to limit global warming to within 1.5°C, a projection that stands out is the anticipated contribution of
plastics to this crisis. By 2050, emissions stemming from plastic-related processes might constitute up to 15% of the globally permissible
emissions.

Marine
life bears the brunt of this crisis, with over 800 marine and coastal species under threat due to plastic pollution. From ingestion to
entanglement, the dangers are extensive. Alarmingly, marine ecosystems are burdened with around 11 million tons of plastic debris annually.
Unless current practices are recalibrated, this figure might see a twofold increase by 2040 (UNEP, Mar 2022).

Recycled-PET
as a Solution to the Global Plastic Waste Crisis

The
emergence of recycled-PET (R-PET) as a solution presents hope in addressing the intensifying global plastic waste crisis. By embracing
the reclamation and repurposing of PET plastics, there is a potential to markedly reduce the volume of waste directed to landfills and
oceans. This approach simultaneously curtails the reliance on the production of virgin plastics, resulting in significant cuts in carbon
emissions and the conservation of crucial resources.

R-PET
champions the principles of a circular economy, a sustainable model where resources undergo continuous recycling and repurposing to extend
their lifecycle, thus reducing environmental harm. Such a holistic approach starkly deviates from the age-old linear economic model characterized
by a “produce, use, discard” sequence.

Incorporating
R-PET into industrial processes can substantially attenuate the environmental footprints of sectors heavily dependent on plastics. For
instance, producing R-PET consumes roughly 75% less energy compared to its virgin counterpart and can curtail greenhouse gas emissions
by a commendable 70%.

5

Additionally,
leveraging R-PET in product manufacturing can bolster the image of companies, positioning them as champions of environmental consciousness.
This strategic alignment does not merely offer a solution to the plastic waste conundrum but also augments brand standing in the market.
Given the discernible shift towards sustainable products among consumers, companies employing R-PET can potentially foster increased
brand loyalty from this growing eco-conscious demographic.

The
Recycled-PET Global Market Overview

The
global recycled-PET (R-PET) market is showcasing notable momentum. As of 2023, this burgeoning sector is estimated to be worth around
US$11 billion, and if current trends persist, it’s poised to burgeon to a significant US$15 billion by 2028. This forecast points
to a robust compound annual growth rate (CAGR) of 6.5% over the anticipated five-year span. (Recycled PET Market, Global Forecast to
2028, Markets and Markets, June 2023)

Several
pivotal factors are propelling this market surge. Foremost, there’s an unmistakable transformation in consumer behavior patterns.
As individuals worldwide become more attuned to the far-reaching environmental consequences of plastic waste, their purchasing habits
evolve. It is now evident that consumers are gravitating away from excessively packaged products, opting instead for items that underscore
eco-friendliness as a key characteristic.

Furthermore,
the role of governmental bodies cannot be understated. Many international administrations are ardently endorsing recycling and the principles
of a circular economy. Through a plethora of policies, they are setting the stage to encourage and, in certain instances, mandate sustainable
business conduct and elevated recycling standards. In certain jurisdictions, the integration of recycled materials has become a cornerstone
of packaging regulations. These legal frameworks are supplemented with precise targets for recycled content, nudging manufacturers to
embed environmental stewardship within their product development and design ethos.

From
an economic perspective, the R-PET realm is presenting an intriguing landscape. In certain jurisdictions, particularly the EU, the advent
of mandatory recycling directives means that the demand for food-grade R-PET is consistently outpacing the available supply. Consequently,
its price per ton has reached a premium of around 1,500 Euros in September 2022 (Plastics and Sustainability Trends in September 2022,
czapp.com, Oct 2022), which is a significant increment from a base valuation pegged at 400 Euros.

Opportunities
for Recycled-PET in the Asia-Pacific Region

The
Asia-Pacific region, a dominant global nexus for production, is abuzz with activity. With a multitude of multinational entities spread
across diverse sectors such as food & beverage, personal care, and household products, it’s an area that presents a myriad
of opportunities. This operational vibrancy inherently fosters a growing demand for recycled PET, setting an optimistic trajectory for
our firm. One can gauge the strength and potential of this sector by examining key metrics. For instance, pivotal export territories,
especially the European R-PET market, are projected to escalate to an impressive US$3.9 billion by 2028. Growing at a Compound Annual
Growth Rate (CAGR) of 6.1%, these figures shed light on the surging demand and potential of the R-PET domain (Recycled PET Market, Global
Forecast to 2028, Markets and Markets, Jun 2023).

6

Moreover,
the regulatory landscape in this region is evolving in favor of sustainability. Several countries have made strides in introducing frameworks
that promote the incorporation of recycled materials, with a specific emphasis on packaging. These legislative advancements not only
fortify the market landscape but also significantly amplify the demand for the R-PET industry. When we couple these dynamics with the
region’s swift economic evolution, rapid urbanization, and an expanding middle-class demographic, the resulting synergy augments
consumption patterns. This is particularly evident in sectors like food & beverage, which unfolds a plethora of market vistas for
our initiative.

Our
Organization

Employees

As
at the date of this report, we had a total of 47 employees, out of which 39 were foreign workers from Indonesia, Myanmar and Bengal.
We are subject to certain approvals for employment of foreign workers and have obtained letters of approval by the Ministry of Home Affairs
of Malaysia.

Reports
to Security Holders

You
may read and copy any materials the Company files with the Commission in the Commission’s Public Reference Section, Room 1580,
100 F Street N.E., Washington, D.C. 20549. You may obtain information on the operation of the Public Reference Section by calling the
SEC at 1-800-SEC-0330. Additionally, the SEC maintains an Internet site that contains reports, proxy and information statements, and
other information regarding issuers that file electronically with the SEC, which can be found at http://www.sec.gov.

7