Company: KPEA
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006580
Chunk: 34

Company: Kun Peng International Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 34
---

    Cash and cash equivalents, ending balance 
    $207,391  
     120,343 

    Supplementary cash flows information: 

    Cash paid for interest 
    $-  
     - 
  
    Cash paid for income tax 
    $-  
     - 

The accompanying
notes are an integral part of these unaudited condensed consolidated financial statements

5

KUN PENG
INTERNATIONAL LTD

NOTES
TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER
31, 2023

(UNAUDITED)

NOTE 1 - ORGANIZATION AND
DESCRIPTION OF BUSINESS

Kun
Peng International Limited (“the Company,” “KPIL,” “KPEA,” “we,” “us,” “our”),
a Nevada corporation (formerly known as CX Network Group, Inc.), through its subsidiaries and VIE, is currently engaged in the sale of
health care and health-related household products through its online platforms, King Eagle Mall and Kun Zhi Jian.

SCHEDULE
OF COMPANY INFORMATION AND ORGANIZATIONAL ACTIVITIES

    Name
     
    Background
     
    Ownership
     
    Registered
    capital / Authorized shares
     
    Principal
    activities
  
    Kun Peng International Limited
     
    ●
                                            A U.S. company
    ● Incorporated on
    June 28, 2017

    Authorized
                                            shares:
    ● Common stock: 1,000,000,000
    with par value $0.0001 per share
    ●
    400,000,000 shares issued and outstanding as of December 31, 2024
    Preferred stock:
    ● 10,000,000 with
    par value $0.0001 per share
    ● no shares issued
    and outstanding as of December 31, 2024
     
    Investment holding

    Kun Peng International Holding Limited
     
    ●
                                            A BVI company
    ● Incorporated on
    April 20, 2021
     
    100% owned by Kun Peng International Limited
     
    Paid capital: 400 ordinary shares at par value
    of $0.01 per share
     
    Investment holding

    Kunpeng (China) Industrial Development Company
    Limited
     
    ●
                                            A Hong Kong company
    ● Incorporated on
    August 11,