Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 53

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 3
Chunk 53
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 Sheets
    F-3

    Consolidated Statements of Operations and Comprehensive Loss
    F-4

    Consolidated Statements of Changes in Stockholders’ Deficit
    F-5

    Consolidated Statements of Cash Flows
    F-6

    Notes to Consolidated Financial Statements
    F-7

F-1

REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

    J&S
                                            ASSOCIATE PLT (F.K.A: J&S ASSOCIATE)
    202206000037
    (LLP0033395-LCA) & AF002380
    (Registered
    with US PCAOB and Malaysia MIA)
    B-11-14,
    Megan Avenue II,
    12
    Jalan Yap Kwan Seng
    50450,
    Kuala Lumpur, Malaysia.

    Tel
    : +603 – 4813 9469
    Email
    : info@jns-associate.com

The
Board of Director and Stockholder of

KUN
PENG INTERNATIONAL LTD.

(Formerly
CX Network Group, Inc.)

Opinion
on the Financial Statements

We
have audited the accompanying consolidated balance sheets of Kun Peng International Ltd. and its subsidiaries (collectively, the “Company”)
as of September 30, 2024 and 2023, and the related consolidated statements of operations and comprehensive loss, changes in stockholders’
deficit and cash flows for each of the years ended September 30, 2024 and 2023, and the related notes (collectively referred to as the
“financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial
position of the Company as of September 30, 2023 and 2022, and the results of its operations and its cash flows for the years ended September
30, 2024 and 2023 are in conformity with accounting principles generally accepted in the United States of America.

Substantial
Doubt about the Company’s Ability to Continue as a Going Concern

The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note
2 to the financial statements, the Company suffered from an accumulated deficit of $7,997,902 as of September 30, 2024. This factor creates
uncertainty as to the Company’s ability to continue as a going concern. Management’s