Company: KPEA
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006580
Chunk: 77

Company: Kun Peng International Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 77
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 related parties

Amounts
due from related parties mainly represent monies advanced to officers or employees for daily operating expenses that are anticipated
to be incurred by our officers and employees on behalf of the Company. The advances are required to be repaid in cash within a
year.

Amounts
due from related parties consisted of the following:

 SCHEDULE
OF AMOUNTS DUE FROM RELATED PARTIES

    Name of related party 
    Relationship 
    Nature of transactions 
    December 31, 2024  
    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 
     822  
     5,842 
  
    Tianjin Qianying Technology Co., Ltd. 
    100% held by Ms. Jinjing Zhang, one of the shareholders of King Eagle (Tianjin) 
    Input VAT, offset once invoice was issued 
     1,644  
     - 
  
    Total 

    $2,466  
    $20,092 

    31

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 
    December 31, 2024  
    September 30, 2024 
  
    Ms. Chengyuan Li 
    One of the shareholders of King Eagle (