false
0001713210
0001713210
2024-08-27
2024-08-27
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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: August 27, 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
August 19, 2024, ATPC Green Energy Sdn. Bhd.(“ATPC Green Energy”), a subsidiary of Agape ATP Corporation (the
“Company”), entered into a Collaboration Agreement (the “Collaboration Agreement”) with Phoenix Green Energy
Sdn Bhd.(“PGE”), pursuant to which the Company and Phoenix will collaborate on the project: “ AGAPE ATP Corporation
Explores Solar Power Solutions with PGE”.
On
August 27, 2024, the Company issued a press release (the “Press Release”) announcing the Collaboration Agreement.
A copy of the Collaboration Agreement and the Press Release is furnished as Exhibit 99.1 and 99.2, respectively to this Current Report
on Form 8-K and incorporated herein by reference.
Item
9.01. Financial Statements and Exhibits.
c)
Exhibits
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:
August 27, 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
PRESS
RELEASE
For
Immediate Distribution
ATPC
Partners with Phoenix Green Energy to Drive Solar Innovation and Enhances ESG Initiatives
Joint
Effort to Accelerate Solar Technology Development and Promote Sustainable Practices
KUALA
LUMPUR, 27 AUGUST 2024 – NASDAQ-listed AGAPE ATP Corporation (“ATPC”), a growing player in the field
of sustainable energy solutions, through its subsidiary, ATPC Green Energy Sdn. Bhd. (“ATPC Green Energy”) has entered
into a strategic collaboration with Phoenix Green Energy Sdn. Bhd. (“PGE”) to accelerate the development and commercialisation
of cutting-edge solar power solutions in Malaysia. This partnership underscores ATPC’s commitment to expanding its green energy
portfolio and reinforcing its Environmental, Social, and Governance (“ESG”) initiatives.
The
collaboration agreement outlines a comprehensive plan to jointly develop and commercialise a targeted portfolio of solar products,
including amorphous thin-film solar panels and related technologies . These innovations are intended to support a wide
array of applications, particularly in electrical power production, contributing to Malaysia’s transition to sustainable energy.
L-R:
Prof Dato' Sri Dr How Kok Choong, the Founder and Global Group CEO of ATPC and Heng Huachuin, the Vice President of Phoenix Green Energy
Sdn. Bhd. (link)
Prof Dato’ Sri Dr How Kok Choong, the Founder and Global Group CEO of ATPC, remarked, “This collaboration is pivotal for our subsidiary, ATPC Green Energy as we seek to broaden our green energy offerings and enhance our impact on the environment. By working with Phoenix Green Energy, we are not only advancing solar technology but also strengthening our ESG commitments. This partnership positions us to deliver innovative solutions that align with global sustainability goals and drive long-term growth for our company.”
Through
this partnership, ATPC Green Energy and PGE will combine their expertise to develop high-efficiency solar products that meet the growing
demand for renewable energy in Malaysia and the ASEAN region. The collaboration will involve leveraging PGE’s technical consultancy
in solar power systems and ATPC Green Energy’s experience in delivering comprehensive energy-saving solutions. This synergy
is expected to accelerate the adoption of solar energy, reduce carbon footprints, and contribute significantly to Malaysia’s renewable
energy landscape.
Heng
Huachuin, the Vice President of Phoenix Green Energy, added, “Our collaboration with ATPC Green Energy represents a significant
opportunity to innovate in the solar energy space. Together, we are poised to deliver solutions that not only meet the energy needs of
our clients but also contribute to a more sustainable and environmentally responsible future.”
This
partnership reinforces ATPC Green Energy’s commitment to environmental stewardship by promoting renewable energy sources and reducing
reliance on fossil fuels. The collaboration aligns with ATPC’s broader ESG strategy, which includes driving sustainable practices
across its operations, supporting the UN Sustainable Development Goals, and delivering long-term value to stakeholders.
###
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 https://atpc.com.my/.
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.u1
Cover
|
Aug. 27, 2024 |
Cover [Abstract] |
|
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
Aug. 27, 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 |
1705
– 1708, Level 17, Tower 2, Faber Towers
|
Entity Address, Address Line Two |
Jalan Desa Bahagia,
|
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)
|
Local Phone Number |
192230099
|
Written Communications |
false
|
Soliciting Material |
false
|
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
|
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 2 such as Street or Suite number
+ References
+ Details
Name: |
dei_EntityAddressAddressLine2 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 3 such as an Office Park
+ References
+ Details
Name: |
dei_EntityAddressAddressLine3 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionISO 3166-1 alpha-2 country code.
+ References
+ Details
Name: |
dei_EntityAddressCountry |
Namespace Prefix: |
dei_ |
Data Type: |
dei:countryCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityTaxIdentificationNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:employerIdItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLocal phone number for entity.
+ References
+ Details
Name: |
dei_LocalPhoneNumber |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 13e -Subsection 4c
+ Details
Name: |
dei_PreCommencementIssuerTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 14d -Subsection 2b
+ Details
Name: |
dei_PreCommencementTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTitle of a 12(b) registered security.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b
+ Details
Name: |
dei_Security12bTitle |
Namespace Prefix: |
dei_ |
Data Type: |
dei:securityTitleItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the Exchange on which a security is registered.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection d1-1
+ Details
Name: |
dei_SecurityExchangeName |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarExchangeCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 14a -Subsection 12
+ Details
Name: |
dei_SolicitingMaterial |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
dei:tradingSymbolItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Securities Act -Number 230 -Section 425
+ Details
Name: |
dei_WrittenCommunications |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
Grafico Azioni Agape ATP (NASDAQ:ATPC)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Agape ATP (NASDAQ:ATPC)
Storico
Da Dic 2023 a Dic 2024