On January 25, 2021, Agape ATP Corporation (“ATP” or the “Company”) and shareholders (the “Sellers”) of DSY Wellness & Longevity Center Sdn. Bhd. and DSY Medical Education Sdn. Bhd. entered into a non-binding Letter of Intent (“LOI”) for the acquisition of 51% of the issued and outstanding capital stock of DSY Wellness & Longevity Center Sdn. Bhd. and DSY Medical Education Sdn. Bhd. (the “Target Shares”).
Subject to the terms and conditions, the Company will issue and allot its common stock to the Sellers and the Company will purchase the Target Shares. After execution of this LOI, both parties shall proceed in good faith to complete the negotiation and execution of the definitive transaction documents.
About DSY Wellness
DSY Wellness is the longest established wellness centre offering evidence-based complementary medical therapies (Metabolic & Nutritional Medicine) for managing chronic health disorders by addressing known root causes through correction of dietary/nutrition deficiencies and lifestyle modifications.
In the past 15 years, founder of DSY Wellness made significant contributions towards improving the landscape of evidence-based healthcare in Malaysia by servicing in various technical committees within Ministry of Health. DSY Wellness is strongly committed in developing and promoting self-empowering health preventative programs to the general public by helping them cope with modern day chronic health disorders such as hypertension, diabetes, heart disease, kidney damage, liver damage, skin allergies and tumor/ cancer growth.
About The Initiative
According to the report released by Global Wellness Institute in 2017, the total projected market size of Traditional & Complementary Medicine (USD $360b); Preventive & Personalized Medicine and Public Health (USD $575b); and Health Eating, Nutrition & Weight Loss (USD $702b) combining a total size of USD $ 1,637b.
While for the personalized nutrition market alone, The Global Personalized Nutrition Market size is estimated to reach USD 16.6 Billion from USD 3.7 Billion in 2019, delivering a CAGR of 13.6% through 2027 cited in the report "Personalized Nutrition Market Size, Share & Analysis, By Type, By Application, And By Channel, Forecasts To 2027" by ResearchAndMarkets.com.
The market growth is driven by rising health awareness, a paradigm shift towards a personalized approach towards nutrition, and growing demand for customized diet plans specific to personal requirements. The growing prevalence of lifestyle diseases, expansion of the geriatric population base, and growing awareness regarding the health benefits of diet modification are propelling market growth.
The acquisition initiative serves as the building block for the development in holistic and personalise approach to reach optimum wellness. Leveraging on the experience and expertise from DSY Wellness, the company is dedicated to grow the expansion and penetration into the personalize nutrition and complementary medicine market segment at larger scale.
About AGAPE ATP Corporation (OTC Pink: AATP)
AGAPE ATP CORPORATION is an emerging company dedicated and focused to develop a global sustainable “Wellness +” ecosystem. We continuously adapt, adopt, integrate, and develop effective health science and wellness solutions that are needed for today’s world. For more information, visit http://www.agapeatpgroup.com/
Forward-Looking Statements
This press release contains information about the Company’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company encourages you to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the Securities and Exchange Commission.
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