Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 295

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 8
Chunk 295
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 profit after tax to King Eagle
(China). The VIE Agreements are designed so that King Eagle (Tianjin) operates for the benefit of King Eagle (China) and ultimately the
Company.

Moreover,
King Eagle (Tianjin) has agreed to subject the operations and management of its business to the full control under King Eagle (China)
and King Eagle (Tianjin) will take King Eagle (China)’s advice on the appointment or dismissal of directors and employment, regular
operation, and financial management. Accordingly, the Company consolidates the accounts of King Eagle (Tianjin) and its subsidiaries
for the periods presented herein, in accordance with Accounting Standards Codification, or ASC, 810-10, “Consolidation.”

    F-27

VIE
Financial Information

Set
forth below is the consolidated balance sheet information as of September 30, 2024 and September 30, 2023 and the consolidated statements
of operations and cash flows for the years ended June 30, 2024 and 2023, showing financial information for the parent company,
Kun Peng International Limited, the non-VIE subsidiaries (as defined below), and the VIE (as defined below), eliminating entries, and
consolidated information (in dollars). In the tables below, the column headings correspond to the following entities:

“Parent
entity” refers to Kun Peng International Limited;

“Non-VIE
and Non-WFOE subsidiaries” refers to the following entities:

    ●
    Kun
    Peng International Holding Limited (“KP International Holding”)

    ●
    Kun
    Peng (China) Industrial Development Company Limited (“KP (China)”)

    ●
    Kun
    Peng (Hong Kong) Industrial Development Limited (“KP (Hong Kong)”)

    ●
    Kun
    Peng Tian Yu Health Technology Co., Ltd. (“KP Tian Yu”) until March 3, 2023

    ●
    King
    Eagle (China) Co., Ltd. (“King Eagle (China)”) commencing March 3, 2023

“WFOE”
refers to King Eagle (China) Co., Ltd. (“King Eagle (China)”) until March 3, 2023 and KP Tian Yu commencing March 3, 2023;

“VIE”
refers to King Eagle (Tianjin) Technology Co., Ltd. (“King Eagle (Tianjin)”), King Eagle (Beijing) Technology