Agape ATP Corporation is a diversified health and wellness company, listed on Nasdaq, engaged in health supplements, wellness programs, complementary therapies, and expanding into renewable energy and digital platforms, with subsidiaries across Malaysia, Hong Kong, and China.

# Company Summary - Agape ATP Corporation

## Overview
- **Type:** Public company listed on Nasdaq Capital Market under ticker **ATPC**
- **Incorporation:** Nevada, USA (June 1, 2016)
- **Headquarters:** Kuala Lumpur, Malaysia (Level 17, Tower 2, Faber Towers, Jalan Desa Bahagia, Taman Desa, 58100 Kuala Lumpur)
- **Business Focus:** Primarily engaged in the Health and Wellness Industry, with diversification into renewable energy and digital wellness platforms.

## Business Operations & Key Activities
- **Core Business:** 
  - Supply of high-quality health and wellness products including dietary supplements aimed at improving cellular health, detoxification, blood circulation, and anti-aging.
  - Wellness programs promoting health and longevity.
- **Distribution Model:** 
  - Utilizes a network marketing/distributor-based sales channel.
  - Distributors and members sell products directly to consumers and build network groups for performance bonuses.
- **Product Lines:**
  - **ATP Zeta Health Program:** Focused on boosting cellular energy (ATP) to enhance metabolism, nutrient absorption, and overall health.
  - **E.A.T.S Series:** Nutritious, convenient lifestyle products aimed at health maintenance.
- **Additional Business Segments:**
  - **Complementary health therapies:** Operated through subsidiaries like DSY Wellness, providing health treatments based on health screening reports and proprietary formulas.
  - **Wellness advisory services:** Providing health programs, online editorials, and health campaigns.
  - **Sustainability & Renewable Energy:** 
    - Formed **ATPC Green Energy Sdn. Bhd ("AGE")** in 2024 to develop solutions for energy savings and environmental stewardship.
    - Collaborates on digital wellness platforms in China through **ATPC Technology Private Limited ("ATPC Tech")**.

## Subsidiaries & Affiliates
- **In Malaysia:**
  - **Agape Superior Living Sdn. Bhd. (ASL):** Incorporated in 2003, operates in network marketing for health and wellness products.
  - **Wellness ATP International Holdings Sdn. Bhd. (renamed Cedar ATPC Sdn. Bhd):** Established for promoting wellness programs.
  - **DSY Wellness International Sdn. Bhd.:** Formed in 2021 to provide complementary health therapies.
- **In Hong Kong:** 
  - **Agape ATP International Holding Limited**
- **In China:** 
  - **ATPC Technology Private Limited:** Incorporated in 2024 for digital wellness platform development.
- **Other entities:** 
  - **OIE ATPC Holdings (M) Sdn. Bhd** (formerly AGE) and **OIE ATPC Exim (M) Sdn. Bhd**

## Employees & Customers
- **Employees:** 16 (as of December 31, 2024)
- **Members & Distributors:** 
  - **Total members and distributors:** 128,658
  - **Distributors:** 56,465
  - **Members:** 72,193

## Financials (2024)
- **Total Revenue:** ~$1.32 million
  - From network marketing: ~$137,050
  - From health therapies: ~$1,120,843
  - From wellness/lifestyle products: ~$22,091
  - From green energy: ~$42,763
- **Net Loss:** ~$2.49 million
- **Total Assets:** ~$3.24 million
- **Total Liabilities:** ~$1.31 million
- **Shareholders’ Equity:** ~$1.93 million

## Summary
Agape ATP Corporation is a multi-faceted health and wellness company with a focus on direct sales through a distributor network, offering health supplements, wellness programs, and complementary therapies. It is also expanding into renewable energy and developing digital wellness platforms, with subsidiaries operating in Malaysia, Hong Kong, China, and Malaysia’s renewable energy sector. The company has a relatively small employee base but a large network of distributors and members. Its financial performance in 2024 shows revenue of approximately $1.32 million and a net loss of about $2.49 million.

Agape ATP Corporation is a Malaysian health and wellness company focused on supplying high-quality health products and advisory services, leveraging a network of independent distributors to cater to health-conscious consumers.

# Agape ATP Corporation Overview

**Company Name:** Agape ATP Corporation  
**Incorporation Date:** June 1, 2016  
**Headquarters:** Kuala Lumpur, Malaysia

## Business Description

Agape ATP Corporation operates in the **Health and Wellness Industry** primarily through its subsidiaries. The company is engaged in supplying high-quality health and wellness products, including dietary supplements, and provides health solution advisory services. The principal activities include:

- Offering four main product series:
  1. **ATP Zeta Health Program** - Focused on promoting health and preventing diseases linked to environmental factors and lifestyle choices.
  2. **ÉNERGÉTIQUE** - A skincare product line aimed at providing dermal solutions that address skin conditions.
  3. **BEAUNIQUE** - Products based on the research of nutrigenomics, modifying gene expressions for personalized health solutions.
  4. **E.A.T.S.** - Nutritionally rich products designed for convenience and maintaining healthy living.

### Business Operations

- **Number of Customers:**  
  - As of December 31, 2023, the company has **128,653 members and distributors**, comprised of **72,191 members** and **56,462 distributors**.

- **Number of Employees:**  
  - At the end of December 2023, the company employed **21 full-time staff** (excluding directors).

### Financial Performance (Year Ended December 31, 2023)

- **Total Revenue:** Approximately **$1.4 million**  
  - Represents a decrease of **22.9%** from **$1.9 million** in 2022.
  
- **Gross Profit:** Approximately **$0.9 million**  
  - A decline of **21.3%** from **$1.2 million** in the previous year.
  
These figures reflect challenges faced in the business, including changes in consumer behavior and economic conditions.

### Subsidiaries and Joint Ventures

Agape ATP Corporation operates through several subsidiaries, including:
- **Agape ATP International Holding Limited** (Hong Kong) - Wholesaling of health products and advisory services.
- **Agape Superior Living Sdn. Bhd.** (Malaysia) - Health product distribution via network marketing (**99.99% ownership**).
- **Wellness ATP International Holdings Sdn. Bhd.** (Malaysia) - Focuses on promoting wellness lifestyle through various programs (**100% ownership**).
- **DSY Wellness International Sdn. Bhd.** (Malaysia) - Joint-venture providing complementary health therapies with **60% ownership**.

### Business Model

Agape ATP employs a **direct-selling model** that emphasizes personal interaction between distributors and consumers to enhance trust and sales efficacy. Distributors can earn income through direct sales and bonuses from their network's performance.

### Quality Control and Regulatory Compliance

The company's products are subject to rigorous quality checks and regulatory compliance under Malaysian law, particularly under the **Food Act 1983** and **Control of Drugs and Cosmetics Regulations 1984**.

### Challenges and Risks

Key risks include:
- **Supplier Dependence:** A significant reliance on two major suppliers for product sourcing and any disruptions could materially affect operations.
- **Market Acceptance:** The company's ability to adapt to changing consumer preferences and its competitive landscape.
- **Regulatory Changes:** Compliance with regulatory requirements and potential legal liabilities related to product claims or safety.

Overall, Agape ATP Corporation is positioned as a health and wellness provider in Malaysia, relying on a network of independent distributors and multiple product offerings to meet the demands of health-conscious consumers.

Agape ATP Corp

10-K / March 31, 2025

10-K / April 1, 2024

10-K / March 31, 2025

Company Summary - Agape ATP Corporation

Overview

Business Operations & Key Activities

Subsidiaries & Affiliates

Employees & Customers

Financials (2024)

Summary