Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 49

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 3
Chunk 49
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 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 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:

    September 30, 
  
    Name of related party 
    Relationship 
    Nature of transactions 
    2024  
    2023 
  
    Ms.Chengyuan Li 
    One of the shareholders of King Eagle (Tianjin) 
    Operational support to King Eagle (Tianjin) to meet its working capital requirements 
    $2,686,246  
    $1,069,078 
  
    Ms. Xiujin Wang 
    One of the shareholders of King Eagle (Tianjin) 
    Operational support to King Eagle (Tianjin) to meet its working capital requirements 
     260,773  
     246,711 
  
    Mr. Richun Zhang 
    Chief Executive Officer and Director 
    Operational support to King Eagle (Tianjin) to meet its working capital requirements 
     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 
     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 
     3,847  
     2,331 
  
    Mr. Zhandong Fan 
    One of the shareholders of King Eagle (Tianjin) 
    Operational support to King Eagle (Tianjin) to meet its working capital requirements 
     3,847  
     - 
  
    Ms. Cairong Ji 
    Legal representative of King Eagle (Hangzhou) 
    Operational support to King Eagle (Tianjin) to meet its working capital requirements 
     2,391  
     - 
  
    Tianjin Qianying Technology Co., Ltd. 
    100% held by Ms. Jinjing Zhang