Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 461

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1
Chunk 461
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 and the relevant CSRC
Answers to Reporter Questions on the official website of the CSRC, or collectively, the Guidance Rules and Notice. The Trial Measures,
together with the Guidance Rules and Notice, reiterate the basic supervision principles as reflected in the Draft Overseas Listing Regulations
by providing substantially the same requirements for filings of overseas offering and listing by domestic companies, yet made the following
updates compared to the Draft Overseas Listing Regulations: (a) further clarification of the circumstances prohibiting overseas issuance
and listing; (b) further clarification of the standard of indirect overseas listing under the principle of substance over form, and (c)
adding more details of filing procedures and requirements by setting different filing requirements for different types of overseas offering
and listing.

38

Pursuant
to the Trial Measures, the Guidance Rules and Notice, domestic companies that seek to offer or list securities overseas, both directly
and indirectly, should fulfill the filing procedure and report relevant information to the CSRC within three working days following their
submission of initial public offerings or listing application. Companies that have already been listed on overseas stock exchanges or
have obtained the approval from overseas supervision administrations or stock exchanges for their offering and listing and that will
complete their overseas offering and listing prior to September 30, 2023 are not required to make immediate filings for their listing
yet need to make filings for subsequent offerings in accordance with the Trial Measures. Companies that have already submitted an application
for an initial public offering to overseas supervision administrations prior to the effective date of the Trial Measures but have not
yet obtained the approval from overseas supervision administrations or stock exchanges for the offering and listing may arrange for the
filing within a reasonable time period and should complete the filing procedure before such companies’ overseas issuance and listing.

According
to the Notice on Administration Arrangements for the Filing of Overseas Listings by Domestic Enterprises, domestic companies that have
already been listed overseas before the effective date of the Trial Measures, March 31, 2023, shall be deemed Existing Issuers, and Existing
Issuers are not required to complete the filing procedures immediately, but they will be required to file with the CSRC for any subsequent
offerings. If a domestic company fails to complete required filing procedures or conceals any material fact or falsifies any major content
in its filing documents, such domestic company may be subject to administrative penalties, such as an order to rectify, warnings, and
fines, and its controlling shareholders, actual controllers, the person directly