Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 45

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 3
Chunk 45
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) with a competitive base salary that is in line
with their roles and responsibilities when compared to peer companies of comparable size in similar locations.

It
is not uncommon for PRC private companies to have base salaries as the sole form of compensation. The base salary level is established
and reviewed based on the level of responsibilities, the experience and tenure of the individual, and the current and potential contributions
of the individual. The base salary is compared to the list of similar positions within comparable peer companies and consideration is
given to the executive’s relative experience in his or her position. Base salaries are reviewed periodically and at the time of
promotion or other changes in responsibilities.

We
intend to form a compensation committee to oversee the compensation of our named executive officers. The majority of the members of the
compensation committee will be independent directors.

Compensation
of Directors

Directors
are permitted to receive fixed fees and other compensation for their services as directors. The Board of Directors has the authority
to fix the compensation of directors.

As
of the date of this Annual Report, only our non-executive independent directors have received compensation for their service on the Board
of Directors.

104

Aggregated
Option Exercises and Fiscal Year-End Option Value Table

There
were no stock options exercised from inception through September 30, 2023, by the executive officers named in the Executive Compensation
Table. Further, there are no option, warrants, or rights to receive any of the Company’s securities outstanding.

Pension,
Retirement, or Similar Benefit Plans

There
are no arrangements or plans in which we provide pension, retirement, or similar benefits for directors or executive officers. We have
no material bonus or profit-sharing plans pursuant to which cash or non-cash compensation is or may be paid to our directors or executive
officers, except that stock options may be granted at the discretion of the Board of Directors or a committee thereof.

ITEM
12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The
following table sets forth certain information concerning the number of shares of our common stock owned beneficially as of the date
of this Annual Report by: (i) each person (including any group) known to us to own more than five percent (5%) of any class of our voting
securities; (ii) each of our directors and each of our named executive officers (as defined under Item 402(m)(2) of Regulation S-K);
and