Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 402

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 8
Chunk 402
---
 to meet its working capital requirements 
     2,391  
     - 
  
    Tianjin Qianying Technology Co., Ltd. 
    100% held by Ms. Jinjing Zhang, one of the shareholders of King Eagle (Tianjin) 
    Payments of agency service charges 
     753,455  
     502,305 
  
    Beijing Paiyue Technology Co., LTD 
    100% held by Ms. Chengyuan Li, one of the shareholders of King Eagle (Tianjin) 
    Payments of agency service charges 
     2,779  
     - 
  
    Total 

    $4,069,413  
    $1,820,425 

    F-39

NOTE
11 - EQUITY

Effective
as of September 9, 2021, the Company’s Articles of Incorporation were amended to increase the Company’s authorized capital
to 210,000,000 authorized shares of Capital Stock with 200,000,000 designated as $0.0001 par value Common Stock, and 10,000,000 designated
as $0.0001 par value Preferred Stock.

Effective
on October 12, 2022, a Certificate of Amendment was filed with the Nevada Secretary of State to increase the authorized number of shares
of the Corporation’s $0.0001 par value common stock (the “Common Stock”) from 200,000,000 shares to 1,000,000,000 shares
of Common Stock.

The
Company’s board of directors approved and declared a 10:1 forward split of its common stock on September 6, 2022. As a result of
the stock split, holders of pre-split shares of common stock have the right to receive post-split shares of common stock at a ratio of
ten (10) shares of post-split common stock for every one (1) share of pre-split common stock. The stock split had a record date on September
16, 2022 and an effective date on October 18, 2022. No fractional shares will be issuable as a result of the Forward Stock Split. After
the forward stock split, the issued and outstanding of our common stock is 400,000,000 shares with par value per share remained unchanged
at 0.0001 per share after the stock split.

Preferred
stock

The
Company’s authorized shares of preferred stock were 10,000