Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 450

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1
Chunk 450
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 any assistance related to product
purchases, suggestions for health care products and services, and delivery logistics.

Kun
Zhi Jian Online Platform

In
October 2022, King Eagle (Tianjin) introduced and implemented a new online platform, Kun Zhi Jian, which focuses on promoting and selling
physiotherapy equipment and our own brand of preventive health care and health related household products to wholesalers and retailers.
In the platform’s initial phase, we sold thermal therapy cabins to wholesalers. Equipped with infrared light and at a high temperature,
approximately like that of a hot spring, this product helps enhance blood circulation and oxygen inhalation and improves insomnia. Currently,
we promote and sell other physiotherapy equipment, our own brand, and other popular brands of health care related products on this new
platform. As of December 6, 2024, Kun Zhi Jian had approximately 5,598 members. This online platform is operated at: http://api.kp-tj.com/roomapp/#/home.

Kun
Zhi Jian Mini Program. In November 2023, we launched Kun Zhi Jian’s Mini Program, which is composed of three areas: physiotherapy
equipment, a customer service center, and an online shopping mall (Kun Zhi Jian). The customer service center provides healthy diet and
nutritional suggestions to our customers based on their health profile and a tongue examination that utilizes health care expertise and
technology from local health care service providers performed at our customer service center. The shopping mall offers a variety of products
ranging from health foods to small kitchen appliances.

Online
interface program of Kun Zhi Jian Mini Program

29

Kun
Zhi Jian Customer Service Center

Smart
Kiosks

On
March 31, 2021, King Eagle VIE entered into an oral agreement with Guoxin Star Network Co., Ltd. (“Guoxin”) under which King
Eagle VIE was granted the right to operate 50 Smart Kiosks for five years. Due
to the COVID-19 pandemic, our application for construction permits for the Smart Kiosks was delayed by the local government agencies
for more than two years. In the last quarter of fiscal year 2023, Guoxin determined that it was unable to obtain the permit and both
parties agreed to abandon this construction project.

COVID-19

Businesses
and markets in mainland China have reopened and mainland China relaxed its policies and controls relating to COVID-19