XML 34 R24.htm IDEA: XBRL DOCUMENT v3.22.4
DESCRIPTION OF THE BUSINESS AND ORGANIZATION (Tables)
3 Months Ended
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SCHEDULE OF COMPANY INFORMATION AND ORGANIZATIONAL ACTIVITIES

 

Name   Background   Ownership   Registered capital / Authorized shares   Principal activities
Kun Peng International Limited  

● A U.S. company

● Incorporated on June 28, 2017

     

Authorized shares:

● Common stock: 1,000,000,000 with par value $0.0001 per share

400,000,000 shares issued and outstanding as of December 31, 2022

Preferred stock:

10,000,000 with par value $0.0001 per share

no shares issued and outstanding as of December 31, 2022

  Investment holding
                 
Kun Peng International Holding Limited  

● A BVI company

● Incorporated on April 20, 2021

  100% owned by Kun Peng International Limited   Paid capital: 400 ordinary shares at par value of $0.01 per share   Investment holding
                 
Kunpeng (China) Industrial Development Company Limited  

● A Hong Kong company

● Incorporated on August 11, 2017

  100% owned by Kun Peng International Holding Limited   Paid share capital: 10,000 ordinary shares at $1,292 (HKD10,000)   Investment holding
                 
Kun Peng (Hong Kong) Industrial Development Limited  

● A Hong Kong company

● Incorporated on June 21, 2021

  100% owned by Kun Peng International Holding Limited   Paid share capital: 1 ordinary share at $0.13 (HK$1)   Investment holding
                 
King Eagle (China) Co., Ltd  

● a limited liability company incorporated in the People’s Republic of China

● Incorporated on March 20, 2019

 

100% owned by Kun Peng (Hong Kong) Industrial Development Limited

 

  Registered capital: approximately $15 million (RMB100 million)   Providing technical and management support to King Eagle VIE
                 
King Eagle (Tianjin) Technology Co., Ltd.  

● a limited liability company incorporated in the People’s Republic of China

● Incorporated on September 2, 2020

● Became a variable interest entity (VIE) of King Eagle (China) Co., Ltd on May 15, 2021

 

Owned by multiple individuals:

 

Chengyuan Li (approximately 45.5%), Xiujin Wang (approximately 10.5%), Yuanyuan Zhang (approximately 10%), Jinjing Zhang, Wanfeng Hu, Cuilian Liu, and Zhizhong Wang (each of whom owns approximately 6%), Zhandong Fan and Hui Teng (each of whom owns approximately 5%)

  Registered capital of approximately $1.5 million (RMB 10 million)   Operating King Eagle Mall and new online platform , Kun Zhi Jian, until December 31, 2022
                 
Kun Peng Tian Yu Health Technology (Tianjin) Co., Ltd.  

● a limited liability company incorporated in the People’s Republic of China

● Incorporated on August 10, 2021

 

100% owned by Kun Peng (Hong Kong) Industrial Development Limited

 

  Registered capital of RMB 5 million (US$0.7 million)   Exploring future business opportunities
                 
King Eagle (Beijing) Technology Co., Ltd  

● a limited liability company incorporated in the People’s Republic of China

● Incorporated on December 1, 2022

  100% owned by King Eagle (Tianjin) Technology Co., Ltd.   Registered capital of RMB 5 million (US$0.7 million)   Operation commenced in January 2023 and the new online platform , Kun Zhi Jian, will be transferred from its immediate holding company, King Eagle (Tianjin) Technology Co., Ltd., and operated under this entity.