Partnering with SMEs to Develop Green Energy, ATPC Green Energy Aims to Go Public Within 3 Years

Partnering with SMEs to Develop Green Energy, ATPC Green Energy Aims to Go Public Within 3 Years

Malaysia Leads Southeast Asia in Focus on Renewable Energy Development, Demonstrating Ambition to Drive Regional Green Transformation

The Malaysian government is also striving to achieve net-zero carbon emissions by 2050, dedicated to creating a more sustainable and cleaner future for the next generations.

To support this goal, AGAPE ATP Corporation (ATPC), listed on the US NASDAQ, and its subsidiary ATPC Green Energy Private Limited (ATPC Green Energy) have been committed to the development and implementation of renewable energy projects.

AGAPE ATP Corporation and ATPC Green Energy will collaborate with the government, especially working with SMEs, to promote green energy development. ATPC Green Energy aims for a public listing on the Malaysian stock exchange within three years to expand its business and enhance operational capacity, dedicated to addressing market demand.

Malaysia's Goal to Achieve 45% Carbon Reduction by 2030

In line with Malaysia’s target of reducing carbon emissions by 45% by 2030, businesses are not only required to take specific actions to reduce carbon emissions but also to disclose ESG (Environmental, Social, and Governance) reports to ensure transparency and accountability.

In this context, reducing carbon emissions is no longer just a slogan but a pressing issue that companies must confront.

ATPC Green Energy's Commitment to Carbon Reduction and Energy Efficiency

AGAPE ATP Corporation has already recognized this need and established ATPC Green Energy to actively practice and promote carbon reduction and energy-saving measures. ATPC Green Energy also provides one-stop energy-saving solutions to businesses and organizations in need. Companies adopting these solutions can even save up to 30% on energy costs.

Focus on Collaborating with SMEs

Datuk Seri Professor How Kok Choong, the Chairman and CEO of AGAPE ATP Corporation, pointed out that companies will face compliance reviews and evaluations regarding ESG, especially publicly listed companies. This is a trend, both locally and internationally.

He said that AGAPE ATP Corporation is involved in health and skincare products, and to embrace this trend and implement its mission, it decided to venture into the green energy market, establishing ATPC Green Energy in Malaysia, and working with SMEs to develop the green energy business together.

“In fact, many large companies want to collaborate with us, but I still chose SMEs because large companies are already successful. I want to give SMEs a chance to grow and help them realize their potential, which has always been my goal.”

Plans for Future Cooperation

He shared this during an interview with China Press along with ATPC Green Energy CEO Zeng Weiquan, Director of Business Development Zeng Weixian, and Director of Sales Xu Futong.

Datuk Seri Professor How Kok Choong also mentioned that, looking ahead, ATPC Green Energy is open to exploring cooperation with any SME engaged in green energy, aiming for joint development and shared success.

"Some SMEs should also try to think outside the box and work with us to create a win-win situation. I also do not rule out expanding ATPC Green Energy through resource integration in the future."

500 Million Ringgit Orders in Three Years

In terms of implementing green energy and sustainable development, AGAPE ATP Corporation will be responsible for setting the overall strategy and driving the continued direction, while ATPC Green Energy will focus on technology development and project implementation, ensuring efficient and innovative solutions.

Datuk Seri Professor How Kok Choong also stated that AGAPE ATP Corporation and ATPC Green Energy will not only serve the Malaysian market but will gradually expand into Southeast Asia, starting with Indonesia.

He said that in line with the plan to enter the Indonesian market, the company has signed a strategic partnership agreement there and plans to set up a Special Purpose Vehicle (SPV) to help develop solar energy projects locally.

“Since ATPC Green Energy plans to be publicly listed in Malaysia within three years, we aim to secure 500 million ringgit worth of orders within this timeframe.”

Helping Businesses Strengthen Cost Efficiency

Zeng Weiquan explained that ATPC Green Energy excels in integrating the latest sustainable development technologies into building management solutions, providing tailored one-stop solutions to help clients achieve the desired energy-saving results.

“Currently, 70% of our clients are public organizations, and 30% are from the private sector.”

Zeng Weixian added that energy savings can be effectively achieved through the solutions provided by the company, including the use of control and energy inspection systems to manage lighting and air conditioning more intelligently and monitor energy usage.

“For example, the system can detect whether a light is broken and reduce the risk of leaving broken lights on, instead of relying on people to walk around and notice the issues.”

Energy Savings of Up to 30%

He further pointed out that cost efficiency is crucial for a company, and by adopting ATPC Green Energy's solutions, businesses can save between 20% to 30% on energy costs.

Xu Futong noted that a standard-sized hotel could expect to see a return on investment (ROI) within 12 to 18 months after investing in green energy.

Providing Flexible Repayment Options to Encourage Businesses to Adopt Green Energy

Zeng Weixian mentioned that typically, businesses or hotels may hesitate to adopt energy-saving solutions if they need to use capital expenditure (CAPEX).

“Some companies, especially large ones, may have complicated procedures for mobilizing funds from their overseas parent companies. To encourage them to adopt green energy, we offer more flexible payment options as needed.”

He explained that from a commercial perspective, customers tend to prefer options where they do not need to pay upfront.

“We offer different plans, such as allowing customers to use the 20% or 30% of energy savings to pay for installation costs and repay over several years in different percentages until the contract term ends.”

Expanding Energy Efficiency Market

Zeng Weixian also revealed that as awareness increases, new buildings are adopting green materials and facilities, but this will not greatly affect ATPC Green Energy.

“After all, there are still more old buildings than new ones, and renovations and upgrades to these buildings will create opportunities for us. With continuous advancements in technology and innovation, we can provide better solutions.”

Competitive Energy Market

Datuk Seri Professor How Kok Choong believes that the renewable energy market is booming, but the rapid influx of companies into this market is not necessarily a good thing as it leads to intense competition.

He stated that in this situation, some companies will inevitably be eliminated, and those that are not listed will face even more challenges. This is one of the reasons why he hopes ATPC Green Energy will go public in the future.

“Compared to Malaysia, Indonesia also has competition, but the market is much larger, with a population eight times that of Malaysia, and with Indonesia relocating its capital, the opportunities are limitless.”

He added that currently, the adoption of green energy is not very high due to insufficient awareness, so this field still has vast development potential.

“Some companies and organizations are not yet aware that they can achieve energy savings and cost reduction by implementing related solutions. Therefore, we will proactively reach out to potential clients to raise awareness of the importance of green energy, including hotels, manufacturing industries, shopping centers, etc.”

Helping Sabah Solve Power Supply Issues

Datuk Seri Professor How Kok Choong emphasized that ATPC Green Energy's focus in Malaysia is on East Malaysia, particularly addressing the urgent issue of power shortages in Sabah.

He believes that while power supply in Sabah is quite challenging, the current energy challenges there provide an opportunity for the company to help change the situation and support the local community.

“Clearly, we need to find sustainable solutions to support the development of the region, including solar energy, to ensure reliable energy for the local population.”

Datuk Seri Professor How Kok Choong also mentioned that looking ahead, the company hopes to support the United Nations Sustainable Development Goals by providing sustainable energy solutions.

“We have already achieved 7 out of the 17 UN Sustainable Development Goals. Going forward, all our projects and plans will be aligned with these 17 goals, including promoting gender equality. Therefore, we plan to invite two women to join the board.”

Energy Efficiency Market Expected to Continue Growing

Datuk Seri Professor How Kok Choong believes that in every industry, the ultimate goal is the same: to meet demand and solve problems.

AGAPE ATP Corporation and ATPC Green Energy will continue to increase investment in research and development to create more efficient and environmentally friendly energy-saving solutions, while establishing more strategic partnerships to drive the Sustainable Development Goals.

Accelerating Technological Innovation

ATPC Green Energy expects the energy-saving market to continue expanding in the coming years, with further acceleration of technological innovation and application.

“With government policies supporting green initiatives and increased public awareness of environmental protection, the demand for energy-saving solutions will grow. As a result, more businesses and households will start adopting energy-saving solutions in the future.”

ATPC Green Energy

As a subsidiary of a Nasdaq-listed company, ATPC Green Energy provides innovative green energy solutions, empowering businesses and organizations to achieve sustainability through advanced technology and expert guidance.