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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): November 22, 2023 (November 17, 2023)
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
8.01 Other Events
On
November 22, 2023, Agape ATP Corporation (the “Company”) issued a press release announcing that on November 17,
2023, its board of directors has authorized a share repurchase plan under which the Company may repurchase up to US$1 million of
its shares over the next 6 months. the Company’s board of directors have also approved the appointment of Network 1 Financial Securities
as the broker to execute the repurchase on behalf of the Company.
The
share repurchases may be made from time to time in the open market transactions, in privately negotiated transactions, in block trades
and/or through other legally permissible means, depending on market conditions and in accordance with applicable securities laws and
regulations, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The Company expects to fund repurchases made
under this plan from its existing funds. The manner, timing and amount of the share repurchases made pursuant to the program will be
decided by the Company’s management based on its evaluation of various factors, including the trading price of the Company’s
ordinary stocks, market and economic conditions, regulatory requirements and other corporate considerations. This repurchase authorization
does not obligate the Company to acquire any specific number of shares or securities and may be modified, suspended or discontinued at
any time. The Company’s board of directors will review the share repurchase plan periodically, and may authorize adjustment
of its terms and size.
A
copy of the press release is attached hereto as Exhibit 99.1 and is 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:
November 22, 2023 |
By: |
/s/
How Kok Choong |
|
Name: |
How
Kok Choong |
|
Title: |
Chief
Executive Officer, President, Director, Secretary and Treasurer (Principal Executive Officer) |
Exhibit
99.1
Agape
ATP Corporation Announces US$1 Million Share Repurchase Plan
KUALA
LUMPUR, 22 November 2023 – AGAPE ATP Corporation (NASDAQ: ATPC) (“ATPC” or the “Company”) announced
that on November 17, 2023, its board of directors has authorized a share repurchase plan under which the Company may repurchase
up to US$1 million of its shares over the next 6 months. The board of directors have also approved the appointment of Network 1 Financial
Securities as the broker to execute the repurchase on behalf of ATPC.
The
share repurchases may be made from time to time in the open market transactions, in privately negotiated transactions, in block trades
and/or through other legally permissible means, depending on market conditions and in accordance with applicable securities laws and
regulations, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The Company expects to fund repurchases made
under this plan from its existing funds. The manner, timing and amount of the share repurchases made pursuant to the program will be
decided by the Company’s management based on its evaluation of various factors, including the trading price of the Company’s
ordinary stocks, market and economic conditions, regulatory requirements and other corporate considerations. This repurchase authorization
does not obligate the Company to acquire any specific number of shares or securities and may be modified, suspended or discontinued at
any time. ATPC’s board of directors will review the share repurchase plan periodically, and may authorize adjustment of its terms
and size.
About
Agape ATP Corporation
AGAPE
ATP CORPORATION is a company primarily operating in ASEAN region that supplies wellness products and health solution advisory services,
including supplements to assist in cell metabolism, detoxification, blood circulation, anti-aging and products designed to improve the
overall health system of the human body.
Safe
Harbor Statement
Certain
statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and
uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes
may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking
statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,”
“estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,”
“continue” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking
statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from
the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration
statement and other filings with the SEC, which are available for review at www.sec.gov.
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