Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 62

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 3
Chunk 62
---
 Effect of exchange rate changes on cash 
     10,491  
     (26,718)

    Net increase in cash and cash equivalents 
     (375,396) 
     190,449 

    Cash and cash equivalents, beginning balance 
     457,580  
     267,131 

    Cash and cash equivalents, ending balance 
    $82,184  
    $457,580 

    Supplementary cash flows information: 

    Cash paid for interest 
    $-  
    $- 
  
    Cash paid for income tax 
    $-  
    $- 

    Supplemental disclosures of noncash transactions 

    Right-of-use assets acquired with operating lease obligation 
    $561,527  
    $113,012 

The
accompanying notes are an integral part of these audited consolidated financial statements

F-6

KUN
PENG INTERNATIONAL LTD.

NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS

September
30, 2024, and 2023

NOTE
1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

Kun
Peng International Limited (“the Company,” “KPIL,” “KPEA,” “we,” “us,”
“our”), a Nevada corporation (formerly known as CX Network Group, Inc.), through its subsidiaries and VIE, is currently
engaged in the sale of health care and health-related household products through its online platforms, King Eagle Mall, Kun
Zhi Jian and Kun Zhi Jian Mini Program.

 SCHEDULE OF COMPANY INFORMATION AND ORGANIZATIONAL ACTIVITIES

    Name
     
    Background
     
    Ownership
     
    Registered capital /
                                                                                Authorized shares
     
    Principal
    activities
  
    Kun
    Peng International Limited
     
    ●
    A U.S. company
    ●
    Incorporated on June 28, 2017

    Authorized
    shares:
    ●
    Common stock: 1,000,000,000 with par value $0.0001 per share
    ●
    400,000,000 shares issued and outstanding as of September 30, 2024
    Preferred
    stock:
    ●
    10,000,000 with par value $0.0001 per share
    ●
    no shares issued and outstanding as of September 30, 2024
     
    Investment