Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 527

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1
Chunk 527
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 management team will need to invest significant management time and financial
resources to comply with both existing and evolving standards for public companies, which will lead to increased general and administrative
expenses and a diversion of management time and attention from revenue generating activities to compliance activities.

Provisions
in our charter documents and under Nevada law could discourage a takeover that stockholders may consider favorable.

Provisions
in our articles of incorporation and bylaws may have the effect of delaying or preventing a change of control or changes in our management.
Our Board of Directors has the right to determine the authorized number of directors and to elect directors to fill a vacancy created
by the expansion of the Board of Directors or the resignation, death, or removal of a director, which prevents stockholders from being
able to control the size of or fill vacancies on our Board of Directors. In addition, we are authorized to issue up to 1,000,000,000
shares of common stock, in one or more classes or series as may be determined by our Board of Directors. The issuance of shares of common
stock, while providing desirable flexibility in connection with possible acquisitions and other corporate purposes, could have the effect
of making it more difficult for a third party to acquire, or of discouraging a third party from acquiring, a majority of our outstanding
voting stock.

ITEM
1B. UNRESOLVED STAFF COMMENTS

The
Company is not required to provide the information required by this Item because the Company is a smaller reporting company.

ITEM
1C. CYBERSECURITY

The
Company has adopted a cybersecurity policy (the “Cybersecurity Policy”) governing the establishment and application of certain
procedures and safeguards to identify potential cybersecurity risks and, in the event of a cybersecurity breach, the protocol for disclosing
to the Securities and Exchange Commission, including possible remedies. The members of the Board of Directors reviews cybersecurity risk
as part of our overall risk-management program. This ensures that cybersecurity risk management remains a meaningful priority in our
business strategy and operations. Our risk management strategy for cybersecurity generally includes:

  1.
  Identification: We aim to proactively identify the manners
in which our business could be materially impacted by cybersecurity risks including:

  1.
  Cybersecurity Incidents – an unauthorized occurrence
on or conducted through its information system that jeopardizes the confidentiality, integrity, or availability of its information systems
or any information residing therein

  2.
  Cybersecurity Threats – any potential occurrence that
may result in an unauthorized