Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 464

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1
Chunk 464
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 in addressing these requirements and may incur substantial costs in complying with these requirements, which could result
in material adverse changes in our business operations and financial position. In addition, if we are not able to fully comply with the
Measures for Cybersecurity Review (2021 version), discussed below, or if the Opinions come into effect and are determined to be applicable
to us, our ability to offer or to continue to offer securities to investors may be significantly limited or completely hindered, and
our securities may significantly decline in value or become worthless.

Given
the current PRC regulatory environment, it is uncertain whether the Company will be required to obtain permission from the PRC government
to list on U.S. exchanges in the future, and if such permission is required, whether it will be denied or later rescinded. We have been
closely monitoring regulatory developments in China regarding any necessary approvals from the CSRC or other PRC governmental authorities
required for overseas listings. As of the date of this Annual Report, we have not received any inquiry, notice, warning, sanctions, or
regulatory objection to our prior securities offering from the CSRC or other PRC governmental authorities. However, there remains significant
uncertainty as to the enactment, interpretation and, implementation of regulatory requirements related to overseas securities offerings
and other capital markets activities.

According
to the Administration Provision and the Measures, only new offerings and refinancing by existent overseas listed Chinese companies will
be required to go through the filing process with PRC administrations; other existent overseas listed companies will be allowed a sufficient
transition period to complete their filing procedure, which means that we will certainly go through the filing process in the future,
perhaps because of a refinancing, or be given a sufficient transition period to complete the filing procedure as an existent overseas
listed Chinese company.

Regulations
regarding privacy and data protection

Regulatory
authorities in China have implemented and are considering further legislative and regulatory proposals concerning data protection. New
laws and regulations that govern new areas of data protection or impose more stringent requirements may be introduced in China. In addition,
the interpretation and application of consumer and data protection laws in China are often uncertain, in flux, and complicated, including
differentiated requirements for different groups of people or different types of data.

40

PRC
Cybersecurity Law. The PRC regulatory and enforcement regime with regard to privacy and data security is evolving. The PRC Cybersecurity
Law, which took effect in June 201