Company: KPEA
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006580
Chunk: 57

Company: Kun Peng International Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 57
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 Cuilian Liu, and Zhizhong Wang (each of whom owns approximately 6%), Zhandong Fan,
and Hui Teng (each of whom owns approximately 5%). Those shareholders also indirectly owned KP International Holding prior to its acquisition
by the Company through two British Virgin Islands entities: Kunpeng Tech Limited and Kunpeng TJ Limited. Additionally, Chengyuan Li is
a director and Yuanyuan Zhang is Chief Financial Officer of the Company.

    20

The
VIE Agreements are as follows:

    (1)
    Consulting Service Agreement

    (2)
    Business Operation Agreement

    (3)
    Proxy Agreement

    (4)
    Equity Disposal Agreement

    (5)
    Equity Pledge Agreement

Consulting Service Agreement

Pursuant
to the terms of a certain Exclusive Consulting Service Agreement dated May 15, 2021, between King Eagle (China) and King Eagle (Tianjin)
(the “Consulting Service Agreement”), King Eagle (China) is the exclusive consulting service provider to King Eagle (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