Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 242

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 8
Chunk 242
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-and-desist order, or removal or prohibition order, or any law or regulation prohibiting
    mail or wire fraud or fraud in connection with any business entity; or

    ●
    been
    the subject of, or a party to, any sanction or order, not subsequently reversed, suspended, or vacated, of any self-regulatory organization
    (as defined in Section 3(a)(26) of the Exchange Act), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange
    Act), or any equivalent exchange, association, entity, or organization that has disciplinary authority over its members or persons
    associated with a member.

Except
as set forth in our discussion below in “Certain Relationships and Related Transactions,” none of our directors or executive
officers has been involved in any transactions with us or any of our directors, executive officers, affiliates, or associates which are
required to be disclosed pursuant to the rules and regulations of the Securities and Exchange Commission.

99

Director
Qualifications

Directors
are responsible for overseeing the Company’s business consistent with their fiduciary duty to the stockholders. This significant
responsibility requires highly skilled individuals with various qualities, attributes, and professional experience. Our Board of Directors
believes that there are general requirements for service on the Board that are applicable to directors and that there are other skills
and experience that should be represented on the Board as a whole but not necessarily by each director. The Board considers the qualifications
of directors and director candidates individually and in the broader context of the Board’s overall composition and the Company’s
current and future needs.

Qualifications
for All Directors

In
its assessment of each potential candidate, including those recommended by the stockholders, the Board will consider the nominee’s
judgment, integrity, experience, independence, understanding of the Company’s business or other related industries, and such other
factors it determines are pertinent in light of the current needs of the Board. The Board also takes into account the ability of a director
to devote the time and effort necessary to fulfill his or her responsibilities to the Company.

The
Board requires that each director be a recognized person of high integrity with a proven record of success in his or her field. Each
director must demonstrate innovative thinking, familiarity with and respect for corporate governance requirements and practices, an appreciation
of multiple cultures, and a commitment to sustainability and to dealing responsibly with social issues. In addition to the qualifications
required of all directors