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

Company: Kun Peng International Ltd.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 14
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 owned by KP (Hong Kong). On November 1, 2022, KP (China) entered into ownership transfer agreements with Kun
Peng (Hong Kong) Industrial Development Limited and Kun Peng Tian Yu Health Technology Co., Ltd. The agreements provided that KP (China)
would transfer 49% and 51% of its ownership in King Eagle (China) to Kun Peng (Hong Kong) Industrial Development Limited and Kun Peng
Tian Yu Health Technology Co., Ltd., respectively. The ownership transfer was completed on March 3, 2023. (“KP Tian Yu”)
became a WFOE beginning March 3, 2023.

    10

King
Eagle (Beijing) Technology Co., Ltd

King
Eagle (Beijing) Technology Co., Ltd (“King Eagle (Beijing)”) was incorporated as a limited liability company in Beijing in
the People’s Republic of China on December 1, 2022 with a registered capital of $0.7 million (RMB 5 million). It is wholly owned
by King Eagle (Tianjin). King Eagle (Beijing) commenced its operation of the new online platform called “Kun Zhi Jian” in
January 2023. This platform became one of the components in our Kun Zhi Jian Mini Program in November 2023. Since then, King Eagle (Beijing)
focuses on wholesaling of health care related products and dietary supplements.

King
Eagle (Huai’an) Health Management Co., Ltd.

King
Eagle (Huai’an) Health Management Co., Ltd. (“King Eagle (Huai’an)”) was established on September 19, 2023 under
the laws of the People’s Republic of China. with a registered capital of approximately $0.69
million (RMB 5
million). It was owned 95%
by King Eagle VIE and 5%
by Hunan Ant Doctor Health Service Co., Ltd. On July 19, 2024, King Eagle VIE acquired the 5%
minority stake and King Eagle (Huai’an) is now 100%
owned by King Eagle VIE. King Eagle (Huai’an) became fully operational in October 2023 and focuses on coordinating with local health
care service providers to offer health screening and monitoring to the Company’s customers and members. King Eagle (Huai’an)
is in the process of deregistration.

Kun
Zhi Jian (Huai’an