Company: KPEA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023821
Chunk: 54

Company: Kun Peng International Ltd.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 54
---
jin)
     
    Operational
    support to King Eagle (Tianjin) to meet its working capital requirements

     3,769

    3,847

    Mr.
    Cairong Ji
     
    Legal
    representative of King Eagle (Hangzhou)
     
    Operational
    support to King Eagle (Tianjin) 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

     823,367

    753,455

    Beijing
    Paiyue Technology Co., LTD
     
    95% held by Ms. Chengyuan Li, a prior shareholder of King Eagle (Tianjin)
     
    Payments
    of agency service charges

     31,227

    2,779

    Total

    $
     4,190,668

    $
    4,069,413

    31

NOTE
12 - 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 Company’s $0.0001 par value 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 received 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 of September 16, 2022
and an effective date of October 18, 2022. No fractional shares were issuable as a result