Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 529

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1
Chunk 529
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 Audit Committee will be the governance body involved in, and ultimately responsible for,
cybersecurity oversight. They will generally coordinate with our Chief Financial Officer in this regard. If needed, the full Board would
be updated on cybersecurity risks and incidents. As of the date of this Annual Report, the members of the Board of Directors currently
None of our directors on the Audit Committee nor our Chief Financial Officer have particular experience in cybersecurity matters. See
“Item 10. Directors, Executive Officers and Corporate Governance – Committees of the Board of Directors.”

75

ITEM
2. PROPERTIES

All
land in China is owned by the State. Individuals and companies are permitted to acquire rights to use land or land use rights for specific
purposes. In the case of land used for industrial purposes, the land use rights are granted for a certain period of no more than 50 years.
This period may be renewed at the expiration of the initial and any subsequent term. Granted land use rights are transferable and may
be used as security for borrowings and other obligations. We do not own or have not been granted land use rights to any property in China
or any other countries.

Owned
Real Property

Neither
our Company, the VIE, nor any of the VIE’s subsidiaries owns any real property.

Leased
Real Property

King
Eagle (China), King Eagle VIE, and King Eagle (Huai’an) entered into multiple lease arrangements in Beijing, the PRC, for their
office spaces which they believe are adequate and suitable for their current operations:

    Entity 
    Description of Use 
    Leased Square Meters  
    Location
  
    King Eagle (China), King Eagle (Huai’an) 
    Office space 
     970.0  
    Chaoyang District, Beijing, PRC

    King Eagle VIE 
    Office space 
     146.0  
    Chaoyang District, Beijing, PRC

    King Eagle VIE 
    Office space 
     450.0  
    Gongshu District, Hangzhou, PRC

ITEM
3. LEGAL PROCEEDINGS

Other
than ordinary routine litigation (in which we are not currently involved), we know of no material, existing or pending legal proceedings
against us, nor are we involved as a plaintiff in any material proceeding or pending litigation, and there are no proceedings in which
any of our directors, officers, or affiliates, or any registered or beneficial stockholder