Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 265

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 8
Chunk 265
---
used in) operating
    activities 
     17,880 
     (427,030)

    Cash flows from investing activities 

    Purchase of property and equipment 
     (320,498) 
     - 
  
    Investment in associate held for sale 
     (28,500) 
     - 
  
    Acquisition of intangible assets 
     -  
     (606)
  
    Net cash used in investing activities 
     (348,998) 
     (606)

    Cash flows from financing activities: 

    Capital contribution 
     70,522  
     644,803 
  
    Payment of finance lease
liabilities 
     (125,291) 
     - 
  
    Net cash used in (provided by) financing activities 
     (54,769) 
     644,803 

    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.