Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 457

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1
Chunk 457
---
 King Eagle (China) and enhancing communication among its stakeholders and customers.

K
Messenger plays an important role in our development strategy. Since we commenced research and development in March, it has been closely
watched by the market and the industry, and has attracted the interest of many users. K Messenger is an online product launched within
the King Eagle (China) business line. In the short term, the goal of K Messenger is to provide a sustainable instant messaging platform
for dealers that will improve the communication efficiency between dealers and enterprises. With the expansion of user scale and the
continuous improvement of product reliability and functionality, we believe that K Messenger will bring more social benefits to users
while also promoting the rapid development of King Eagle (China)’s business results.

As
an international start-up company, we will be addressing, identifying, and setting our ESG goals. These will be further disclosed in
future filings of our periodic reports with the Securities and Exchange Commission.

36

Regulations

Because
all of our operating entities are located in the PRC, we are regulated by the national and local laws of the PRC. This section summarizes
the major PRC regulations relating to our business. See “Risk Factors - Risks Related to Doing Business in China.”

Other
than for business licenses that have been obtained, we do not believe that we are required to obtain any permissions and approvals under
the regulations discussed below. However, if we have inadvertently concluded that such permissions or approvals are not required or if
applicable laws, regulations, or interpretations change and we are required to obtain such permissions or approvals in the future, the
Company or its VIE could be subject to, among other things, administrative penalties, rectification orders, fines, suspension of relevant
business, or revocation of business permits or licenses, and the Company’s securities could become ineligible for listing on a
US exchange.

As
of the date of this Annual Report, neither the Company nor any of its subsidiaries or it’s VIE have been denied any permissions
or approvals.

Regulations
Regarding Foreign Investment

The
Catalogue of Industries for Encouraged Foreign Investment (2020 Edition) (the “Encouraging Catalogue”) was jointly promulgated
by the National Development and Reform Commission (the “NDRC”) and the Ministry of Commerce (“MOFCOM”) on December
27, 2020, and it came into effect on January 27, 2021. The Special Administrative Measures for Access of Foreign