Company: KPEA
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006580
Chunk: 61

Company: Kun Peng International Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 61
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 agreed to subject the operations and management of its business to the full control of King Eagle (China) and
King Eagle (Tianjin) will take King Eagle (China)’s advice on the appointment or dismissal of directors and employment, regular
operation, and financial management. Accordingly, the Company consolidates the accounts of King Eagle (Tianjin) and its subsidiaries
for the periods presented herein, in accordance with Accounting Standards Codification, or ASC, 810-10, “Consolidation.”

    22

VIE
Financial Information

Set
forth below is the consolidated balance sheet information as of December 31, 2024 and September 30, 2024, and the consolidated statements
of operations and cash flows for the three month periods ended December 31, 2024 and 2023, showing financial information for the parent
company, Kun Peng International Limited, the non-VIE subsidiaries (as defined below), and the VIE (as defined below), eliminating entries,
and consolidated information (in dollars). In the tables below, the column headings correspond to the following entities:

“Parent
entity” refers to Kun Peng International Limited;

“Non-VIE
and Non-WFOE subsidiaries” refers to the following entities:

    ●
    Kun
    Peng International Holding Limited (“KP International Holding”)

    ●
    Kun
    Peng (Hong Kong) Industrial Development Limited (“KP (Hong Kong)”)

    ●
    Kun
    Peng Tian Yu Health Technology Co., Ltd. (“KP Tian Yu”) until March 3, 2023

    ●
    King
    Eagle (China) Co., Ltd. (“King Eagle (China)”) commencing March 3, 2023

“WFOE”
refers to King Eagle (China) until March 3, 2023 and KP Tian Yu commencing March 3, 2023;

“VIE”
refers to King Eagle (Tianjin) Technology Co., Ltd. (“King Eagle (Tianjin)”), King Eagle (Beijing) Technology Co., Ltd (“King
Eagle (Beijing)”), King Eagle (Huai’an) Health Management Co., Ltd. (“King Eagle (Huai’an)”), Kun Zhi Jian
(Huai’an) Technology Co., Ltd. (“Kun Zhi Jian (Huai’an)”), Kun Zhi Jian (Shandong) Health Management Co., Ltd
(“Kun Zhi Jian (