Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 47

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 3
Chunk 47
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.

    (3)
    These
    shares are owned of record by Kunpeng TJ Limited. As the sole director and majority shareholder of Kunpeng TJ Limited, Chengyuan
    Li may be deemed to beneficially own these shares.

    (4)
    These
    shares are owned of record by Kunpeng Tech Limited, a company incorporated in the British Virgin Islands, which is wholly-owned by
    Zhizhong Wang. As the sole director and majority shareholder of Kunpeng Tech Limited, Zhizhong Wang is deemed to beneficially own
    these shares. The principal address of Kunpeng Tech Limited is No. 15 Front Row, Bungalow, No. 16 Chegongzhuan West Road, Haidian
    District, Beijing PRC.

    (5)
    These
    shares are owned of record by Kun Peng XJ Limited, a company incorporated in the British Virgin Islands, which is wholly-owned by
    Xiujin Wang. As the sole director and majority shareholder of Kun Peng XJ Limited, Xiujin Wang is deemed to beneficially own these
    shares. The principal address of Kun Peng XJ Limited is  Room 501, Unit 3, Building 7, Xicheng Nianhua Apartment, Xihu District,
    Hangzhou City, Zhejiang Province, PRC.

105

Changes
in Control

As
of the date of this Annual Report, there are no arrangements known to the registrant the operation of which may at a subsequent date
result in a change in control of the registrant.

ITEM
13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Except
for the ownership of our securities, and except as set forth below, none of the directors, executive officers, holders of more than 5%
of our outstanding shares of common stock, or any member of the immediate family of any such person have, to our knowledge, had a material
interest, direct or indirect, in any transaction or proposed transaction which may materially affect our Company.

Policy
for Approval of Related Party Transactions

Our
Board of Directors is charged with reviewing and approving all potential related party transactions. All such related party transactions
must then be reported under applicable SEC rules. We have not adopted other procedures for review, or standards for approval, of such
transactions, but instead review them on a case-by-case basis.

Acquisition of Kun
Pin Hui (Shandong) Trading Co. Ltd.

On