Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 639

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1
Chunk 639
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 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:

SCHEDULE
OF AMOUNTS DUE FROM RELATED PARTIES

    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 by Ms. Chengyuan Li, one of the shareholders of King Eagle (Tianjin) 
    Input VAT, offset once invoiced was issued 
     5,842  
     - 
  
    Total 

    $20,092  
    $- 

Amount
due to related parties

Amounts
due to related parties are payables arising from transactions between the Company and related parties, such as payments of agency service
charges to related company, payments of operating expenses by such related parties on behalf of our entities in the PRC and funding to
meet working capital requirements. The payables owed to the related parties are interest free, unsecured, and repayable on demand.

    F-38

Amounts
due to related parties consisted of the following: 

SCHEDULE
OF AMOUNTS DUE TO RELATED PARTIES 

    September 30, 
  
    Name of related party 
    Relationship 
    Nature of transactions 
    2024  
    2023 
  
    Ms.Chengyuan Li 
    One of the shareholders of King Eagle (Tianjin) 
    Operational support to King Eagle (Tianjin) to meet its working capital requirements 
    $2,686,246  
    $1,069,078 
  
    Ms. Xiujin Wang 
    One of the shareholders of King Eagle (Tianjin) 
    Operational support to King Eagle