Company: KPEA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023821
Chunk: 53

Company: Kun Peng International Ltd.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 53
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    Total 

    $83,757  
    $20,092 

Amounts
due to related parties

Amounts
due to related parties are payables arising from transactions between the Company and related parties, such as payments of agency service
charges to a related company, payments of operating expenses by such related parties on behalf of our entities in the PRC, and funding
to meet working capital requirements. The payables owed to the related parties are interest free, unsecured, and repayable on demand.

Amounts
due to related parties consisted of the following:

SCHEDULE
OF AMOUNTS DUE TO RELATED PARTIES 

    Name
    of related party
     
    Relationship
     
    Nature
                                            of
    transactions
     
    June
                                            30,
    2025

    September
                                            30,
    2024

    Ms.
    Chengyuan Li
     
    A
    prior shareholder of King Eagle (Tianjin)
     
    Operational
    support to King Eagle (Tianjin) to meet its working capital requirements
     
    $
     2,631,498

    $
    2,686,246

    Ms.
    Xiujin Wang
     
    One
    of the shareholders of King Eagle (Tianjin)
     
    Operational
    support to King Eagle (Tianjin) to meet its working capital requirements

     251,270

    260,773

    Mr.
    Richun Zhuang
     
    Chief
    Executive Officer and Director
     
    Operational
    support to King Eagle (Tianjin) to meet its working capital requirements

     328,405

    234,981

    Ms.
    Yuanyuan Zhang
     
    One
    of the shareholders of King Eagle (Tianjin)
     
    Operational
    support to King Eagle (Tianjin) to meet its working capital requirements

     118,759

    121,094

    Ms.
    Jinjing Zhang
     
    One
    of the shareholders of King Eagle (Tianjin)
     
    Operational
    support to King Eagle (Tianjin) to meet its working capital requirements

     2,373

    3,847

    Mr.
    Zhandong Fan
     
    One
    of the shareholders of King Eagle (Tian