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Kun Peng International Ltd. filings document the public-company record of a Nevada corporation formerly known as CX Network Group Inc. The disclosures cover material events, shareholder voting matters, governance, capital structure, and operating and financial results.
Recent reports include accountant-change disclosure, including the resignation of a prior independent registered public accounting firm, engagement of a new firm, and audit-report language noting going-concern uncertainty for recent fiscal-year financial statements.
Kun Peng International Ltd. has obtained written consent from holders of approximately 85.4% of its common stock to effect a 1-for-10 reverse stock split and amend its Nevada certificate of incorporation.
As of the record date, 400,000,000 common shares were outstanding; after the split, this is expected to be about 40,000,000 shares. Authorized common shares will be reduced from 1,000,000,000 to 100,000,000, and par value will increase from $0.0001 to $0.001 per share. Fractional shares will be rounded up to the next whole share, with no cash in lieu, and no dissenters’ appraisal rights are available. The split will be effective no sooner than 20 days after mailing the information statement.
Kun Peng International Ltd. reported a change in its independent auditor. J&S Associate PTL resigned as the company’s registered public accounting firm effective December 31, 2025, and the board approved this resignation on January 1, 2026. The board then appointed GGF CPA Ltd. as the new independent registered public accounting firm, noting that GGF is registered with the PCAOB.
J&S’s audit reports for the fiscal years ended September 30, 2025 and 2024 did not contain adverse or disclaimed opinions and were not qualified, other than including an uncertainty regarding the company’s ability to continue as a going concern. The company states there were no disagreements with J&S and no reportable events during the most recent fiscal year, and J&S supplied a letter to the SEC confirming its agreement with these disclosures.
Kun Peng International Ltd. filed its annual report for the year ended September 30, 2025, reporting revenue of $1,438,127 and a consolidated net loss of $1,268,913. Total consolidated assets were $840,809, with a significant shareholders’ deficit of $(8,187,841), and the independent auditors expressed substantial doubt about the company’s ability to continue as a going concern.
The Nevada holding company operates in China through a complex variable interest entity (VIE) structure centered on King Eagle (Tianjin) and its PRC subsidiaries, meaning investors own shares in the U.S. parent, not the Chinese operating entities. Management highlights material legal and regulatory risks around the VIE model, evolving PRC foreign investment and cybersecurity rules, capital controls, and tax leakage on dividends, any of which could impair operations or make the shares significantly less valuable.
The company relies on cash flows from Hong Kong and PRC subsidiaries and contractual service fees from the VIE, but as of the report date no dividends or distributions have been paid to the parent or U.S. investors, and there are currently no plans to distribute earnings, with all available funds intended to be retained to support the China-based business.
Kun Peng International Ltd., formerly CX Network Group Inc., announced a board change. The company accepted the resignation of independent non-executive director JIA Lingya and appointed HU Kun as a new independent non-executive director effective December 4, 2025, filling the existing vacancy. The board determined that Hu meets the independence requirements under Rule 10A-3 of the Exchange Act and Rule 5605(a)(2) of the Nasdaq Marketplace Rules, even though the company’s shares trade on the OTCQB.
There are no family relationships between Hu and any current directors or executive officers, and she has not been involved in related-party transactions above the disclosed thresholds since the beginning of the last fiscal year. The board now includes ZHUANG Richun and LI Chengyuan as directors, and ZHANG Lili and HU Kun as independent non-executive directors. Hu brings over twenty years of experience in sales strategy, team management, and brand marketing, including senior roles at Zijing Pavilion (Beijing) Cultural Consulting Co. Ltd. and Nike Sports Camp.