Company: KPEA
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010699
Chunk: 8

Company: Kun Peng International Ltd.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 8
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NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2025

(UNAUDITED)

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 and Kun Zhi Jian.

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 December 31, 2024
    Preferred stock:
    ● 10,000,000 with par value $0.0001 per share
    ● no shares issued and outstanding as of December
    31, 2024
     
    Investment holding

    Kun Peng International Holding Limited

    ● A BVI company
    ● Incorporated on April 20, 2021
     
    100% owned by Kun Peng International Limited
     
    Paid capital: 400 ordinary shares at par value of $0.01 per share
     
    Investment holding

    Kunpeng (China) Industrial Development Company Limited

    ● A Hong Kong company
    ● Incorporated on August 11, 2017
    ● Deregistration from Hong Kong Inland Revenue
    Department and Hong Kong Company Registry, approved on February 2, 2024
     
    100% owned by Kun Peng International Holding Limited
     
    Paid share capital: 10,000 ordinary shares at $1,292 (HKD10,000)
     
    Investment holding

    Kun Peng (Hong Kong) Industrial Development Limited

    ● A Hong Kong company
    ● Incorporated on June 21, 2021
     
    100% owned by Kun Peng International Holding Limited

    Paid share