Kun Peng International files NT 10-Q citing revenue collapse

Kun Peng International Ltd. submitted a Form 12b-25 notification stating it could not timely file its Form 10-Q for the quarter ended March 31, 2026 and requires additional time to complete the unaudited financial statements.

Rhea-AI Filing Summary

Kun Peng International Ltd. submitted a Form 12b-25 notification stating it could not timely file its Form 10-Q for the quarter ended March 31, 2026 and requires additional time to complete the unaudited financial statements.

The company reports an expected unaudited net loss of approximately $389,705 and an unaudited comprehensive loss of approximately $514,090 for the three months ended March 31, 2026, versus a net loss of $192,877 and comprehensive loss of $234,304 for the three months ended March 31, 2025. Management attributes the larger loss to an approximate $588,256 (96.5%) decrease in revenues, including declines in retail sales (~$147,130; 96.4%) and equipment-based services (~$441,126; 96.6%).

Insights

Financial Reporting Analyst

Late 10-Q filing tied to preparation of unaudited financials; larger reported losses driven by revenue collapse.

The filing cites difficulty completing the Form 10-Q and the required unaudited financial statements for the quarter ended March 31, 2026. Such notifications are procedural relief under Rule 12b-25 and allow limited additional filing time.

Management discloses an expected unaudited net loss ~$389,705 and a revenue decline of $588,256 (96.5%). Subsequent filings will show the finalized numbers and any auditor commentary; timing for the completed Form 10-Q is not stated in this excerpt.

Key Figures

Expected net loss: $389,705 Expected comprehensive loss: $514,090 Prior year net loss: $192,877 +4 more

7 metrics

Expected net loss $389,705 three months ended March 31, 2026

Expected comprehensive loss $514,090 three months ended March 31, 2026

Prior year net loss $192,877 three months ended March 31, 2025

Prior year comprehensive loss $234,304 three months ended March 31, 2025

Revenue decrease (total) $588,256 approximate decrease; 96.5% decline

Retail sales decrease $147,130 approximate decrease; 96.4% decline

Equipment-based services decrease $441,126 approximate decrease; 96.6% decline

Key Terms

Rule 12b-25, Form 10-Q, unaudited financial statements

3 terms

Rule 12b-25 regulatory

"The registrant seeks relief pursuant to Rule 12b-25(b)"

Rule 12b-25 is an SEC filing provision that lets a company notify regulators and the public that it cannot file a required periodic report (like a quarterly or annual report) on time and explains the reason for the delay. For investors, the notice is a formal heads-up that financial information will arrive late—similar to a company calling to say it will be late turning in homework—so it signals increased uncertainty and may affect trading and risk assessments until the filing is available.

Form 10-Q regulatory

"delay in preparing the Form 10-Q and the unaudited financial statements"

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

unaudited financial statements financial

"needs additional time to complete the Form 10-Q and the unaudited financial statements"

Unaudited financial statements are company-prepared reports of financial activity—such as income, expenses, assets and liabilities—that have not been examined or certified by an independent auditor. They offer a quicker, internal snapshot of performance, like a homeowner’s informal monthly budget compared with a bank-verified tax return. Investors use them to track recent trends and short-term results, but they carry less external verification than audited statements.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Kun Peng International (KPEA) say about the late 10-Q filing?

The company filed a Form 12b-25 stating it needs additional time to complete the Form 10-Q and the required unaudited financial statements for the quarter ended March 31, 2026. The notice was signed by the CFO on May 15, 2026.

How large is Kun Peng International's reported loss for Q1 2026?

Management expects an unaudited net loss of approximately $389,705 and an unaudited comprehensive loss of approximately $514,090 for the three months ended March 31, 2026, as disclosed in the Form 12b-25 notification.

What drove the increased losses at Kun Peng International (KPEA)?

The filing attributes the higher losses primarily to an approximate $588,256 (96.5%) decrease in revenues, including declines in retail sales of about $147,130 (96.4%) and equipment-based services of about $441,126 (96.6%).

Does the Form 12b-25 give a date when the Form 10-Q will be filed?

The notice states the company needs additional time to complete the Form 10-Q and unaudited statements but does not specify a filing date for the completed Form 10-Q in the provided excerpt.

Who signed the 12b-25 notification for Kun Peng International?

The Form 12b-25 notification was signed on behalf of Kun Peng International Ltd. by Yuanyuan Zhang, identified as Chief Financial Officer, with a signature date of May 15, 2026.

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Accepted by SEC EDGAR 05/15/2026 - 04:20 PM EDT Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 12b-25

	NOTIFICATION OF LATE FILING	SEC FILE NUMBER
		333-169805

(Check One)	☐	Form 10-K	☐	Form 20-F	☐	Form 11-K
	☒	Form 10-Q	☐	Form 10-D	☐	Form N-CEN	☐	Form N-CSR
	For Fiscal Quarter Ended: March 31, 2026
	☐ Transition Report on Form 10-K
	☐ Transition Report on Form 20-F
	☐ Transition Report on Form 11-K
	☐ Transition Report on Form 10-Q
	☐ Transition Report on Form N-SAR
	For the Transition Period Ended: Not Applicable.

Nothing in this Form shall be construed to imply that the Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: Not Applicable

PART I—REGISTRANT INFORMATION

Kun Peng International Ltd.

Full Name of Registrant

CX Network Group, Inc.

Former Name if Applicable

1F, Building 3, No. 1001, Huihe South Street

Banbidian Village

Gaobeidian Town, Chaoyang District

Address of Principal Executive Office (Street and Number)

Beijing, PRC 100025

City, State and Zip Code

PART II—RULES 12b-25 (b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

	(a)	The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
☒	(b)	The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
	(c)	The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

PART III—NARRATIVE

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, or the transition report or portion thereof, could not be filed within the prescribed period.

The registrant has experienced a delay in preparing the Form 10-Q and the unaudited financial statements required to be included in the Form 10-Q for the fiscal quarter ended March 31, 2026, and needs additional time to complete the Form 10-Q and the unaudited financial statements for the fiscal quarter ended March 31, 2026.

PART IV—OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this notification

YUANYUAN ZHANG		+86		1087227012
(Name)		(Country Code)		(Telephone Number)

(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s). ☒ Yes ☐ No

(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? ☒ Yes ☐ No If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

The registrant expects an unaudited net loss of approximately US$389,705 and an unaudited comprehensive loss of approximately US$514,090 for the three months ended March 31, 2026, as compared to an unaudited net loss of US$192,877 and an unaudited comprehensive loss of approximately US$234,304 for the three months ended March 31, 2025. The increased losses are primarily due to an approximately US$588,256 (96.5%) decrease in revenues generated by both retail sales (approximately US$147,130 or 96.4%) and equipment-based services (approximately US$441,126 or 96.6%).

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Kun Peng International Ltd.

(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.

Date: May 15, 2026	By:	/s/ Yuanyuan Zhang
		Yuanyuan Zhang
		Chief Financial Officer

INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative’s authority to sign on behalf of the registrant shall be filed with the form.

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