Company: KPEA
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010699
Chunk: 53

Company: Kun Peng International Ltd.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 53
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 from related parties consisted of the following:

SCHEDULE
OF AMOUNTS DUE FROM RELATED PARTIES

    Name of related party 
    Relationship 
    Nature of transactions 
    March 31,  2025  
    September 30,
                                                                                2024 
  
    Ms. Jinjing Zhang 
    One of the shareholders of King Eagle (Tianjin) 
    Advanced to officers or employees for operating expenses 
    $-  
    $7,125 
  
    Ms. Xiujin Wang 
    One of the shareholders of King Eagle (Tianjin) 
    Advanced to officers or employees for operating expenses 
     -  
     7,125 
  
    Beijing Paiyue Technology Co., LTD 
    95% held by Ms. Chengyuan Li, a shareholder of King Eagle (Tianjin) 
    Input VAT, offset once invoice was issued 
     -  
     5,842 
  
    King Eagle (Hangzhou) Health Technology Co., Ltd 
    40% held by King Eagle (Tianjin) 
    Advanced for operating expenses 
     82,682  
     - 
  
    Total 

    $82,682  
    $20,092 

Amounts due to related parties

Amounts
due to related parties are payables arising from transactions between the Company and related parties, such as payments of agency service
charges to a related company, payments of operating expenses by such related parties on behalf of our entities in the PRC, and funding
to meet working capital requirements. The payables owed to the related parties are interest free, unsecured, and repayable on demand.

Amounts due to related parties
consisted of the following:

SCHEDULE
OF AMOUNTS DUE TO RELATED PARTIES 

    Name of related party 
    Relationship 
    Nature of
                                                                                transactions 
    March 31,  2025  
    September 30, 2024 
  
    Ms. Chengyuan Li 
    One of the shareholders of King Eagle (Tianjin) 
    Operational support to King Eagle (Tianjin) to meet its working capital requirements 
    $2,597,737  
    $2,686,246 
  
    Ms. Xiujin Wang 
    One of the shareholders of King Eagle (Tianjin) 
    Operational support to King Eagle (Tianjin) to meet its working