Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 471

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1
Chunk 471
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 the business tax replacing the business tax that co-existed with VAT for over 20 years. According to Provisional
Regulations on VAT of the PRC and its detailed rules for the Implementation, organizations and individuals engaging in the sale of goods
or processing, repair and assembly services, the sale of services, intangible assets, immovables, and importation of goods in the PRC
shall be taxpayers of VAT and shall pay VAT pursuant to these regulations.

Business
Licenses

Any
company that conducts business in the PRC must have a business license that covers a particular type of work. Other than regular business
licenses that we have already obtained, there is no special license or permit required for us to engage in the current businesses under
PRC laws and regulations.

Any
company that conducts business in the PRC must have a business license that covers the scope of the business in which such company is
engaged. Following the 2021 Share Exchange, we conduct our business through our control of KP International Holding. Each of King Eagle
(China), King Eagle VIE, King Eagle (Beijing), King Eagle (Huai’an) and Kun Zhi Jian (Huai’an) holds a business license that
covers its present or planned business.

King
Eagle (China)’s business license was issued on April 20, 2021. The scope of King Eagle (China)’s registered business includes,
among numerous other things: (i) wholesale sale of daily necessities; (ii) import and export of goods; (iii) Internet sales (except sales
of licensed goods); (iv) general merchandise sales; (v) pre-packaged food sales; (vi) pre-packaged health food sales; (vii) health consultation
services (excluding diagnosis and treatment services); (viii) sales of agricultural and sideline products; (ix) retail sales of protective
equipment for medical personnel; (x) wholesale sales of medical personnel protective equipment; (xi) wholesale sales of medical masks;
and (xii) retail sales of medical masks.

King
Eagle VIE’s business license was issued on April 16, 2021, and an amendment to the business license was filed on November 5, 2021.
The business scope includes, among numerous other things: general items: technical services, technical development, technical consultation,
technical exchange, technology transfer, technology promotion; Data processing services; Software development; Conference and exhibition
services; Advertising production;