Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 749

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1A
Chunk 749
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. All such related party transactions
must then be reported under applicable SEC rules. We have not adopted other procedures for review, or standards for approval, of such
transactions, but instead review them on a case-by-case basis.

Acquisition of Kun
Pin Hui (Shandong) Trading Co. Ltd.

On April 3, 2024, KP (Tianjin) entered
into a Share Transfer Agreement (the “Share Purchase Agreement”) with Zhandong Fan and Yuanyuan Zhang for the acquisition
of all the subscribed shares of Kun Pin Hui (Shandong) Trading Co. Ltd.

Pursuant to the Share Purchase Agreement, KP (Tianjin) has agreed to acquire all
the entire subscribed capital of $0.4 million (RMB 3 million) for an aggregate consideration of $0.28 (RMB 2Yuan). Zhandong Fan (previously
holding 95% shares of Kun Pin Hui (shandong)) and Yuanyuan Zhang (previously holding 5% shares of Kun pin Hui (Shandong)) , both the shareholders
of KP (Tianjin), transferred their shares at the consideration of $0.14 (RMB 1Yuan)

The acquisition closed on April 7, 2024. As of the year ended September 30, 2024, KP (Tianjin) has paid $3,698 (RMB27,000) of the registered
capital.

Amount
due from  related parties

Amount
due from related parties mainly represented the advanced to officers or employees for daily operating. It is anticipated to be
incurred by our officers and employees on behalf of the Company. It is required to be repaid in cash within a year. Amounts due from
related parties consisted of the following:

    September 30, 
  
    Name of related party 
    Relationship 
    Nature of transactions 
    2024  
    2023 
  
    Ms. Jinjing Zhang 
    One of the shareholders of King Eagle (Tianjin) 
    Advanced to officers or employees for operating 
    $7,125  
    $- 
  
    Ms. Xiujin Wang 
    One of the shareholders of King Eagle (Tianjin) 
    Advanced to officers or employees for operating 
     7,125  
     - 
  
    Beijing Paiyue Technology Co., LTD 
    95% held