Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 155

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 6
Chunk 155
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of multiple cultures, and a commitment to sustainability and to dealing responsibly with social issues. In addition to the qualifications
required of all directors, the Board conducts interviews of potential director candidates to assess intangible qualities including the
individual’s ability to ask difficult questions and, simultaneously, to work collegially.

Qualifications,
Attributes, Skills, and Experience to be Represented on the Board as a Whole

The
Board has identified particular qualifications, attributes, skills, and experience that should be represented on the Board as a whole,
in light of the Company’s current needs and its business priorities. The Board believes that it should include some directors with
a high level of financial literacy and some directors who possess relevant business experience as a chief executive officer, president,
or similar position at a company.

Code
of Ethics

We
are developing a Code of Business Conduct and Ethics that applies to our principal executive officers and principal financial officer,
principal accounting officer or controller, or persons performing similar functions and also to other employees.

Corporate
Governance

The
business and affairs of the Company are managed under the direction of our Board of Directors. Each stockholder will be given specific
information on how he or she can direct communications to the officers and directors of the Company at our annual stockholders’
meetings. All communications from stockholders are relayed to the members of the Board of Directors.

Role
in Risk Oversight

Our
Board of Directors is primarily responsible for overseeing our risk management processes. The Board of Directors receives and reviews
periodic reports from management, legal counsel, and others, as considered appropriate, regarding our Company’s assessment of risks.
The Board of Directors focuses on the most significant risks facing our Company and our Company’s general risk management strategy,
and also ensures that risks undertaken by our Company are consistent with the Board’s appetite for risk. While the Board oversees
our Company’s risk management, management is responsible for day-to-day risk management processes. We believe this division of
responsibilities is the most effective approach for addressing the risks facing our Company and that our Board leadership structure supports
this approach.

100

Board
Leadership Structure and Role in Risk Oversight

The
Board of Directors intends to exercise its oversight in the following manner:

    ●
    appointing,
    retaining, and overseeing the work of the independent auditors, including resolving disagreements between the management and the
    independent auditors relating to financial reporting;

    ●
    approving
    all auditing and non-auditing services permitted to be performed