Agape ATP Corp (NASDAQ: ATPC)

Agape ATP Corporation is a Malaysia‑based provider of health and wellness products and advisory services, operating principally through a network‑marketing model. The company sells supplements such as the ATP Zeta Health Program and the Easy and Tasty Series (E. A. T. S) and offers health solution advisory services. It has also expanded into renewable energy solutions and a digital wellness platform to serve the ASEAN market. Its principal subsidiaries include Agape ATP Corporation (Labuan) as an investment holding entity, Agape ATP International Holding Limited (Hong Kong) for wholesaling of health and wellness products, and Agape Superior Living Sdn. Bhd. which carries out the network‑marketing distribution of its core supplement lines. The company’s mission is to help people create health and wealth by offering financially rewarding business opportunities to distributors and quality products to customers seeking a healthy lifestyle.

The company generates revenue primarily from the sale of its health and wellness products, including supplements and advisory fees, earned through its distributor network and direct‑to‑customer channels. Distributors purchase products at discounted wholesale prices and resell them at retail prices, earning the margin as direct profit. Additional revenue streams arise from membership fees, bonuses paid to distributors based on network sales performance, and the provision of renewable energy services such as solar installations, energy‑efficiency audits, and sustainability consulting. The digital wellness platform contributes income from e‑commerce transactions, online consultations, chronic‑disease management services, and supply‑chain solutions offered to ASEAN consumers and businesses. The company does not incur research‑and‑development expenses, relying instead on third‑party manufacturers for its product lines, and it holds all necessary approvals from the Food Safety and Quality Division and the National Pharmaceutical Regulatory Agency for its supplement range.

The company operates through the following segments:.

• Health and Wellness: This segment manufactures and markets health supplements such as the ATP Zeta Health Program and Easy and Tasty Series (E. A. T. S), provides health solution advisory services, and drives growth through a network‑marketing distributor base, supported by Cedar ATPC Sdn. Bhd. for wellness programmes and DSY Wellness International Sdn. Bhd. for complementary health therapies. The segment also supplies training materials and motivational events to help distributors build their businesses and improve product knowledge.

• Renewable Energy: This segment focuses on solar power generation, energy‑efficiency solutions, and sustainability consulting for commercial, industrial and governmental clients, delivered mainly through ATPC Green Energy Sdn. Bhd. and its affiliates, which also engage in project development, system integration, and performance monitoring. The segment aims to reduce clients’ carbon footprint while delivering cost savings on electricity consumption.

• Digital Wellness Platform: This segment develops and operates an integrated digital platform that combines e‑commerce, online consultations, chronic disease management, and supply‑chain services targeting the ASEAN market, principally via ATPC Technology Private Limited, which collaborates with local IT experts to tailor the platform to regional health needs. The platform enables users to purchase nutraceuticals, schedule virtual consultations with nutritionists, and track health metrics over time.

Within the Malaysian health and wellness industry, Agape ATP Corporation holds a niche position as a direct‑selling supplement provider with proprietary formulations and regulatory approvals from the Food Safety and Quality Division and the National Pharmaceutical Regulatory Agency. Its competitive advantages include a well‑established distributor network, exclusive product formulas that are ionized and high‑zeta‑potential for enhanced bioavailability, and recent diversification into renewable energy and digital health, which differentiate it from traditional supplement companies that rely solely on retail channels. The firm has steadily increased its distributor base over the past five years, reflecting strong demand for its health‑focused business model.

The company serves health‑conscious individuals in Malaysia who purchase products through its distributor network, as well as members who receive discounts and may become distributors; as of December 31, 2025 it reported 56,465 active distributors and 72,201 members. For its renewable energy segment, customers comprise commercial businesses, industrial users, and government entities seeking solar installations, energy‑efficiency retrofits, and sustainability advisory services. The digital wellness platform targets ASEAN consumers looking for online health services, e‑commerce, chronic‑disease management tools, and integrated supply‑chain solutions for nutraceutical products. Geographic reach extends across Peninsular Malaysia for the health and wellness business, while the renewable energy projects are concentrated in industrial corridors and the digital platform is accessible throughout the ASEAN region via internet connectivity.