ATPC Agape ATP Corporation

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): July 30, 2024 (July 24, 2024)

 

AGAPE ATP CORPORATION

(Exact name of registrant as specified in its charter)

 

Nevada		001-41835		36-4838886
(State or other jurisdiction		(Commission		(IRS Employer
of incorporation)		File Number)		Identification No.)

 

1705 – 1708, Level 17, Tower 2, Faber Towers, Jalan Desa Bahagia,

Taman Desa, Kuala Lumpur, Malaysia 58100

(Address of principal executive offices) (Zip Code)

 

+(60) 192230099

(Registrant’s telephone number, including area code)

 

N/A

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.0001 per share		ATPC		NASDAQ Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging Growth Company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 1.01 Entry into a Material Definitive Agreement

 

On July 24, 2024, Agape ATP Corporation (the “Company”), entered into a Collaboration Agreement (the “Sweet Home Agreement”) with Sweet Home Senior Living Care Centre Sdn. Bhd.(“Sweet Home”), pursuant to which the Company and Sweet Home will collaborate on the commercial project: “ AGAPE ATP Corporation Ventures into Senior and Elderly Care Solutions in Partnership with Sweet Home Senior Living Sdn. Bhd.”

 

On July 24, 2024, the Company, entered into a Collaboration Agreement (the “Cedar Agreement”, and together with the Sweet Home Agreement, the “Collaboration Agreements”) with Cedar Wellness Sdn. Bhd. (“Cedar”), pursuant to which the Company and Cedar will collaborate on the commercial project: “ AGAPE ATP Corporation Ventures into Pain Management Market in Partnership with Cedar Wellness Sdn. Bhd.” Pursuant to the Cedar Agreement, the Cedar founder and management team will join Cedar ATPC Sdn. Bhd., a subsidiary of the Company, as executive officers to lead the pain management solution business.

 

On July 30, 2024, the Company issued a press release (the “Press Release”) announcing the Collaboration Agreements. A copy of the Sweet Home Agreement, Cedar Agreement and the Press Release is furnished as Exhibit 99.1, 99.2 and 99.3, respectively to this Current Report on Form 8-K and incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

c) Exhibits

 

99.1	Collaboration Agreement between the Company and Sweet Home dated July 24, 2024
99.2	Collaboration Agreement between the Company and Cedar dated July 24, 2024
99.3	Press Release, dated July 30, 2024
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

	AGAPE ATP CORPORATION
Date: July 30, 2024	By:	/s/ How Kok Choong
	Name:	How Kok Choong
	Title:	Chief Executive Officer, President, Director, Secretary and Treasurer (Principal Executive Officer)

 

 

 

Exhibit 99.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exhibit 99.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exhibit 99.3

 

 

PRESS RELEASE

For Immediate Distribution

 

AGAPE ATP Corporation Strengthens Wellness Division via Innovative Incubation with Emerging Local SMEs

Expanding Elderly Care and Wellness Services with collaboration projects in the Pain Management Market and Elderly Care Solutions Market

 

KUALA LUMPUR, 30 July 2024 – NASDAQ-listed AGAPE ATP Corporation (“ATPC”) is delighted to announce its entry into strategic collaboration agreements, which will see it venturing into collaboration projects in the pain management market and elderly care solutions market. These initiatives are part of ATPC’s proactive efforts to incubate and build a comprehensive wellness ecosystem that delivers innovative health solutions and enhances the quality of life for communities.

 

ATPC’s commitment to creating a robust wellness ecosystem is driven by its mission to promote sustainable living and improve quality of life. By incubating and nurturing new companies within the wellness sector, ATPC aims to address the growing demand for holistic health solutions and foster a community of integrated care providers.

 

		In collaboration with Sweet Home Senior Living Care Centre Sdn. Bhd. (“Sweet Home”), the Company will venture into a collaboration project that aims to focus on delivering top-tier elderly care services providing an array of daily services to its nursing home residents, helping community members live their lives with dignity, purpose, and meaning. With plans to expand up to 10 facilities by the first half of 2026, the collaboration project aims to provide comprehensive and compassionate care for seniors. As of July 2024, there are 3 Sweet Home Senior Living Care Centres in Klang Valley, with each housing averagely 14 seniors.
L-R: Prof Dato' Sri Dr How Kok Choong, the Founder and Global Group CEO of ATPC and Kristy Ng, the Director of Sweet Home Senior Living Care Centre (link)
		In collaboration with Cedar Wellness Sdn. Bhd. (“Cedar Wellness”), the Company will venture into a collaboration project that aims to focuses on wellness through non-pharmaceutical therapies and Traditional Chinese Medicine (TCM), through the relaunch of its wellness subsidiary, now named Cedar ATPC Sdn. Bhd. (“Cedar ATPC”). Through the collaboration, the Cedar Wellness founder and management team will join Cedar ATPC as executive officers to lead the pain management solution business. This collaboration aims to address the increasing need for alternative health solutions and supports professional development in the wellness industry.
L-R: Prof Dato' Sri Dr How Kok Choong, the Founder and Global Group CEO of ATPC and Eva Low, the Director of Cedar Wellness (link)

 

Prof Dato’ Sri Dr How Kok Choong, the Founder and Global Group CEO of ATPC, said, “the collaboration projects with Sweet Home and Cedar Wellness complement each other by providing a holistic approach to wellness. The Sweet Home collaboration project focuses on elderly care, ensuring physical and emotional well-being for seniors, while Cedar ATPC offers wellness solutions, including TCM-based therapies, to enhance overall health. Together, these collaborations will provide integrated care that caters to diverse health needs, forming a cohesive wellness ecosystem.”

 

“Our collaborations with Sweet Home and Cedar Wellness mark a significant step in our wellness initiatives. We are not only expanding our footprint in the health sector but also enhancing the quality of care and wellness services. These partnerships align with our mission to drive sustainable living and create a healthier future for our communities.”

 

###

 

 

About AGAPE ATP Corporation

 

Agape ATP Corporation (ATPC) is dedicated to enhancing the quality of life and promoting sustainable development. With a strong foundation built on two core business pillars, ATPC specialises in the provision of health and wellness products that caters to the diverse needs of its customers, ensuring their well-being and vitality. Additionally, APTC delivers comprehensive energy-saving solutions that empower companies to drive sustainability initiatives, reduce energy consumption, and achieve their sustainability goals.

 

For more information, visit www.agapeatpgroup.com.

 

 

Issued By: Swan Consultancy Sdn. Bhd. on behalf of Agape ATP Corporation

 

For more information, please contact:

Jazzmin Wan

Tel: +60 17-289 4110

Email: j.wan@swanconsultancy.biz

 

Mandy Tan

Tel: +60 16-477 2257

Email: m.tan@swanconsultancy.biz

 

 

FORWARD LOOKING STATEMENT

 

Certain statements contained in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected benefits and outcomes of the relaunch of ATPC Green Energy, the support from B&H Intec Solution, and the potential for energy-saving solutions in various sectors. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the Company’s ability to execute its strategies, manage growth, and maintain its corporate culture; the Company’s future business development, financial conditions, and results of operations; expectations regarding demand for and market acceptance of our products and services; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Malaysia and the international markets the Company plans to serve, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and AGAPE ATP Corporation specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.

 

 

v3.24.2

Cover	Jul. 30, 2024
Cover [Abstract]
Document Type	8-K
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Document Period End Date	Jul. 30, 2024
Entity File Number	001-41835
Entity Registrant Name	AGAPE ATP CORPORATION
Entity Central Index Key	0001713210
Entity Tax Identification Number	36-4838886
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	Jalan Desa Bahagia
Entity Address, Address Line Two	,
Entity Address, Address Line Three	Taman Desa
Entity Address, City or Town	Kuala Lumpur
Entity Address, Country	MY
Entity Address, Postal Zip Code	58100
City Area Code	+(60)
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Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Trading Symbol	ATPC
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false

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