Full Press Release Details
ATP Corporation Announces US$1 Million Share Repurchase Plan
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.
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
Agape ATP Corporation
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.
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.