Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 42

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 3
Chunk 42
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 approve our salary and benefits policies, including compensation of executive
officers.

Nominating
Committee. Our Board of Directors currently acts as our nominating committee and our Company does not have any defined
policy or procedure requirements for stockholders to submit recommendations or nominations for directors. The directors believe that,
given the early stage of our development, a specific nominating policy would be premature and of little assistance until our business
operations develop to a more advanced level. Our Company does not currently have any specific or minimum criteria for the election of
nominees to the Board of Directors and we do not have any specific process or procedure for evaluating such nominees. Our directors assess
all candidates, whether submitted by management or stockholders, and make recommendations for election or appointment.

All
proceedings of our Board of Directors were conducted by resolutions consented to in writing by all the directors and filed with the minutes
of the proceedings of the directors. Such resolutions consented to in writing by the directors entitled to vote on that resolution at
a meeting of the directors are, according to the corporate laws of the state of Nevada and the bylaws of our Company, as valid and effective
as if they had been passed at a meeting of the directors duly called and held.

A
stockholder who wishes to communicate with our Board of Directors may do so by directing a written request addressed to our president,
at the address appearing on the first page of this Annual Report.

102

ITEM
11. EXECUTIVE COMPENSATION

The
following table sets forth information concerning the compensation earned for services rendered to the Company for the three fiscal years
ended September 30, 2024, 2023, and 2022 by each of the following named executive officers and directors.

Summary
Compensation Table

    Name & Principal Position 
    Fiscal Year 
    Base Compensation (annual, unless otherwise noted)  
    Performance Award  
    Stock Options  
    Total Annual 

    Mr. Richun Zhuang, CEO(1) 
    Fiscal year ended September 30, 2024 
    $31,800  
    $-  
    $-  
    $31,800 

    Fiscal year ended September 30, 2023 
    $8,507  
    $-  
    $-  
    $8,507 

    Fiscal year ended September 30, 2022 
    $-  
    $-  
    $