Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 482

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1
Chunk 482
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 team fails to upgrade our applications
to stay current with new technologies or to add new features that are popular for preventative healthcare and household uses, our applications
could become obsolete, which could result in a material adverse impact on our business and results of operations.

We
depend heavily on key personnel, and turnover of key employees and senior management could harm our business.

Our
future business and results of operations depend in significant part upon the continued contributions of our management, marketing, and
technical personnel. They also depend in significant part upon our ability to attract and retain additional qualified management, technical,
marketing, and sales and support personnel for our operations. As China is building its powerful technology industry and enhancing its
market-oriented economic system, competition for talent becomes increasingly fierce. Many of our potential competitors have greater financial,
personnel, technical, manufacturing, marketing, sales, and other resources than we do. If we lose a key employee or if a key employee
fails to perform in his or her current position, or if we are not able to attract and retain skilled employees as needed, our business
could suffer. We depend on the skills and abilities of these key employees in managing the technical, marketing, and sales aspects of
our business, any part of which could be harmed by significant turnover.

We
may not be able to manage the expansion of our operations effectively.

We
are in the process of developing our business in order to meet the potentially increasing demand for our products, as well as to capture
new market opportunities. Our current business operations are small with a short history. We may be unable to achieve our performance
targets, which will impact our operating results. As we continue to grow, we must continue to improve our operational and financial systems,
procedures, and controls, increase service capacity and output, and expand, train, and manage our growing employee base. In order to
fund our ongoing operations and our future growth, we need to have sufficient internal sources of liquidity or access to additional financing
from external sources. Furthermore, our management will be required to maintain and strengthen our relationships with our customers and
other third parties. Currently, we only have 34 full time employees. As a result, our continued expansion has placed, and will continue
to place, significant strains on our management personnel, systems, and resources. We also will need to further strengthen our internal
control and compliance functions to ensure that we will be able to comply with our legal and contractual obligations and minimize our
operational and compliance risks. Our current