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.

 

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