Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 618

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1
Chunk 618
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(Tianjin) to provide business-related software research and development services; design, installation, and testing services; network
equipment support, upgrade, maintenance, monitor, and problem-solving services; employees technical training services; technology development
and sublicensing services; public relations services; market investigation, research, and consultation services; short to medium term
marketing plan-making services; compliance consultation services; marketing events and membership related activities organizing services;
intellectual property permits; equipment and rental services; and business-related management consulting services. Pursuant to the Consulting
Service Agreement, the service fee is the remaining amount after King Eagle (Tianjin)’s profit before tax in the corresponding
year deducts King Eagle (Tianjin)’s losses, if any, in the previous year, the necessary costs, expenses, taxes, and fees incurred
in the corresponding year, and the withdraws of the statutory provident fund. King Eagle (Tianjin)agreed not to transfer its rights and
obligations under the Consulting Service Agreement to any third party without prior written consent from King Eagle (China). In addition,
King Eagle (China) may transfer its rights and obligations under the Consulting Service Agreement to King Eagle (China)’s affiliates
without King Eagle (Tianjin)’s consent, but King Eagle (China) shall notify King Eagle (Tianjin) of such transfer. This Agreement
is valid for a term of 10 years subject to any extension requested by King Eagle (China) unless terminated by King Eagle (China) unilaterally
prior to the expiration.

    F-25

Business
Operation Agreement

Pursuant
to the terms of certain Business Operation Agreement dated on May 15, 2021, among King Eagle (China), King Eagle (Tianjin)and the shareholders
of King Eagle (Tianjin) (the “Business Operation Agreement”), King Eagle (Tianjin) has agreed to subject the operations
and management of its business to the control of King Eagle (China). According to the Business Operation Agreement, King Eagle (Tianjin)
is not allowed to conduct any transactions that has substantial impact upon its operations, assets, rights, obligations and personnel
without the King Eagle (China)’s written approval. The shareholders of King Eagle (Tianjin) and King Eagle (Tianjin) will take
King Eagle (China) ‘s advice on appointment or dismissal of directors, employment of King Eagle (Tianjin)