To my beloved AGAPE family members,
First and foremost, on behalf of the company, I would like to thank you all for the fantastic job you have been doing so far especially during such a critical period.
The beginning of year 2020 has seen a flurry of significant events including the Covid-19 pandemic which has caused both severe health and economic impacts on 7 continents around the world. While we are dealing rigorously with the outbreak by Movement Control Order (MCO), we have yet to come to terms with the grim reality of the pandemic’s impact on people’s livelihoods and the economy. The Malaysian Institute of Economic Research (MIER) projected that Malaysia’s GDP for the year of 2020 will shrink, relative to the year 2019, which will inevitably result in an estimated 2.4 million people losing their jobs. Furthermore, we are expecting to see many businesses going bankrupt, ruining family structures because of the loss of income.
For the past 15 years, AGAPE has withstood the test of time despite slow economic growth and recession. While this pandemic caught many people by surprise, we are more than prepared to face such crisis. Against all odds, we remain strong and continue overcoming obstacles placed before us. In spite of all the challenges faced, we have gained a 100% growth of sales in the month of March and we are expecting to see the continuity of such growth in the near future.
Even under the shadow of such a difficult time, we did not and will not retrench any of our staff nor deduct any of their salaries. In fact, we will also continue rewarding our distributors with sales commissions during this uncertain period of time as a token of appreciation for their hard work and dedication as this is the moment AGAPE’s fundamental values are put to the test.
I am extremely grateful to our team members, staff, distributors, customers and shareholders as the ability to sail through this wave of challenges is dependent upon all of you and your undying support. Therefore, I would like to thank our team members, for you have continued to uphold your professionalism by managing work at home to ensure our business runs smoothly despite the Movement Control Order (MCO) which none of you has experienced before. Special thanks to our distributors, as in the midst of this unprecedented challenge due to the economic crisis and the MCO, your continuous commitment and contribution towards the AGAPE business has touched my heart dearly. Above all, a sincere thank you to our loyal customers and shareholders for your unwavering belief in us and constant support. By working together, we have shown the world the very foundation of what makes AGAPE the successful business entity and family that it is today and will continue to be so in the future.
In terms of community service, AGAPE believes in leading by example. For instance, in the spirit of caring for and showing support to our brave front-liners battling this Covid-19 pandemic, AGAPE in collaboration with D’SWISS; have contributed approximately 85 boxes (nearly 3000 pieces) of medical gowns to the Ministry of Health, Malaysia. We hope that these items will assist the healthcare personnel of this country in the performance of their duties to help affected Malaysians on their road to recovery.
Looking forward, we see a myriad of opportunities ahead where many may view the situation as tragically depressing and bleak.
We are confident in driving ourselves towards a path of glory. Never once have we forgotten our mission to be listed on the New York Stock Exchange (NYSE).
Therefore, I sincerely urge all our fellow AGAPE Family members to take the next step forward and lifting others with you in the process so that we will all thrive together.
Last but not least,
please adhere to the MCO, stay home and take good care of yourself and your family. Godspeed and stay healthy.
Sharing love, Towards Globalization
Dato’ Sri Dr How Kok Choong J.P.