Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 571

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1
Chunk 571
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 Financial Expert. The Board currently acts as our audit committee. The Board has not designated an “audit committee
financial expert” as defined in Regulation S-K and is seeking an additional director that is “independent” as that
term is used in Section 10A of the Exchange Act.

Audit
committee charter. At the time the Board of Directors creates an audit committee and approves and adopts an audit committee charter
(the “Proposed Audit Committee Charter”), the Board of Directors will include a provision in the Proposed Audit Committee
Charter regarding the previously approved and adopted Cybersecurity Policy. The Board of Directors will further approve that the Audit
Committee will have full authority and powers to implement the Cybersecurity Policy. The Audit Committee Charter will provide the members
of the Audit Committee with authorization and authority to conduct continuous analysis of and review for any potential cybersecurity
risks as part of the Company’s overall risk management program and to create a cyber-resilient organization, which will contribute
to the value preservation of the Company. The Audit Committee Charter will further provide authority and responsibility to the members
of the Audit Committee to: (i) understand the economic drivers and impact of cyber risk, including the financial impact to our Company;
(ii) align cyber-risk management policies with our business needs by integrating cyber-risk analysis into significant business decisions;
(iii) ensure our organizational structure supports cybersecurity goals; (iv) incorporate cybersecurity expertise into board governance;
(v) to determine the “materiality” of any cyber incident or threat; and (vi) to ensure compliance with Regulation S-K Item
16(b)(1) and Item 16(K) of Form 20F to allow our shareholders and investors to ascertain our cybersecurity practices with sufficient
detail to understand our cybersecurity risk profile including the preparation and filing of a Form 6-K within four (4) business days
after the determination that a “material” cybersecurity incident has occurred.

101

As
of the date of this Annual Report, the members of the Board of Directors are conducting the continuous analysis or and review for any
potential cybersecurity risks as part of our overall risk management program.

Compensation
Committee. The compensation committee will review and approve our salary and benefits policies, including compensation of executive
officers.

Nominating
Committee. Our Board of Directors currently acts as our nominating committee and our Company does not have any defined
policy or procedure requirements for stockholders to submit recommendations or nominations for directors. The directors believe that,
given the early stage of our development,