Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 248

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 8
Chunk 248
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ya Jia was appointed a Non-Executive Independent Director of the Company as of August 25, 2022.

103

Stock
Option Plan

Currently,
we do not have a stock option plan in favor of any director, officer, consultant, or employee of our Company.

Stock
Options/SAR Grants

There
were no stock options exercised during the years ended September 30, 2023, 2022 and 2021 by the executive officers named in the Executive
Compensation Table. Further, there are no options, warrants, or rights to receive any of the Company’s securities outstanding.

Outstanding
Equity Awards at 2023 Fiscal Year End

There
were no outstanding equity awards for the fiscal year ended September 30, 2024.

Compensation
Discussion and Analysis

We
strive to provide our named executive officers (as defined in Item 402 of Regulation S-K) with a competitive base salary that is in line
with their roles and responsibilities when compared to peer companies of comparable size in similar locations.

It
is not uncommon for PRC private companies to have base salaries as the sole form of compensation. The base salary level is established
and reviewed based on the level of responsibilities, the experience and tenure of the individual, and the current and potential contributions
of the individual. The base salary is compared to the list of similar positions within comparable peer companies and consideration is
given to the executive’s relative experience in his or her position. Base salaries are reviewed periodically and at the time of
promotion or other changes in responsibilities.

We
intend to form a compensation committee to oversee the compensation of our named executive officers. The majority of the members of the
compensation committee will be independent directors.

Compensation
of Directors

Directors
are permitted to receive fixed fees and other compensation for their services as directors. The Board of Directors has the authority
to fix the compensation of directors.

As
of the date of this Annual Report, only our non-executive independent directors have received compensation for their service on the Board
of Directors.

104

Aggregated
Option Exercises and Fiscal Year-End Option Value Table

There
were no stock options exercised from inception through September 30, 2023, by the executive officers named in the Executive Compensation
Table. Further, there are no option, warrants, or rights to receive any of the Company’s securities outstanding.

Pension,
Retirement, or Similar Benefit Plans

There
are no arrangements or plans in which we