Company: KPEA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023821
Chunk: 16

Company: Kun Peng International Ltd.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 16
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 Hospital Management
Co., Ltd., for the aggregate amount of $27,818 (RMB 200,000) thereby recouping its investment.

In
January 2025, King Eagle (Tianjin) entered into an agreement to transfer 55% of the outstanding shares of King Eagle (Hangzhou). The
transaction, which was completed on January 17, 2025, resulted in King Eagle (Hangzhou) no longer being controlled by King Eagle (Tianjin).

Kun
Pin Hui (Shandong) Trading Co., Ltd.

Kun
Pin Hui (Shandong) Trading Co., Ltd (“Kun Pin Hui (Shandong)”) was established on November 23, 2023 under the laws of the
People’s Republic of China with a registered capital of approximately $0.4 million (RMB 3 million). The entity is located in Shandong
province, PRC. It has been a wholly-owned subsidiary of King Eagle VIE since its acquisition by King Eagle VIE on April 7, 2024. Kun
Pin Hui (Shandong) commenced operations in April 2024 and is engaged in the sale of health care related products and services.

    11

Chengdu
Wenjiang Pengrun Internet Healthcare Co., Ltd

Chengdu
Wenjiang Pengrun Internet Healthcare Co., Ltd (“Chengdu Wenjiang”) was established on February 1, 2024 under the laws of
the People’s Republic of China with a registered capital of approximately $0.14 million (RMB 1 million). The entity is located
in Sichuan province, PRC. It is a wholly-owned subsidiary of King Eagle VIE. Chengdu Wenjiang has not commenced operations as of the
date of this report and is applying to the relevant authorities for the necessary permits to sell health care and medical services. There
can be no assurance that such permits will be obtained.

NOTE
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis
of Presentation

The
condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”)
applicable to quarterly financial information and the requirements of Form 10-Q and Rule 8-03 of Regulation S-X of the Securities and
Exchange Commission. Accordingly, they do not include all of the information and disclosure required by accounting principles generally
accepted in the United States of America for complete