Company: KPEA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023821
Chunk: 52

Company: Kun Peng International Ltd.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 52
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 Co. Ltd.

Pursuant
to the Share Purchase Agreement, King Eagle (Tianjin) agreed to acquire all of the subscribed capital of Kun Pin Hui (Shandong), amounting
to $0.4 million (RMB 3 million), for an aggregate consideration of $0.28 (RMB 2). Zhandong Fan (the holder of 95% of the shares of Kun
Pin Hui (Shandong)) and Yuanyuan Zhang (the holder of 5% of the shares of Kun Pin Hui (Shandong)), both of whom are shareholders of King
Eagle (Tianjin), transferred their shares for consideration of $0.14 (RMB 1).

    30

The
acquisition closed on April 7, 2024. As of June 30, 2025, King Eagle (Tianjin) had paid $3,698 (RMB27,000) of the registered capital.

Amounts
due from related parties

Amounts
due from related parties mainly represent monies advanced to officers or employees for daily operating expenses that are anticipated
to be incurred by our officers and employees on behalf of the Company. The advances are required to be repaid in cash within a year.

Amounts
due from related parties consisted of the following:

SCHEDULE
OF AMOUNTS DUE FROM RELATED PARTIES

    Name of related party 
    Relationship 
    Nature of transactions 
    June 30, 2025  
    September 30, 2024 
  
    Ms. Jinjing Zhang 
    One of the shareholders of King Eagle (Tianjin) 
    Advanced to officers or employees for operating expenses 
    $-  
    $7,125 
  
    Ms. Xiujin Wang 
    One of the shareholders of King Eagle (Tianjin) 
    Advanced to officers or employees for operating expenses 
     -  
     7,125 
  
    Beijing Paiyue Technology Co., LTD 
    95%
    held by Ms. Chengyuan Li, a prior shareholder of King Eagle (Tianjin) 
    Input VAT, offset once invoice was issued 
     -  
     5,842 
  
    King Eagle (Hangzhou) Health Technology Co., Ltd 
    45% held by King Eagle (Tianjin) 
    Advanced for operating expenses 
     83,757  
     -