Financial Analysis

NOTE 17 - COMMITMENTS AND CONTINGENCIES Purchase and service commitments We entered into multiple purchase and service commitments. As of September 30, 2025 and September 30, 2024, we had purchase and service commitments in an amount of $ 24,461 and $ 4,987 , respectively.

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The following table presents revenues and the related cost of goods sold disaggregated by customer type for the years ended September 30, 2025 and 2024: SCHEDULE OF DISAGGREGATED REVENUES AND COST OF GOODS SOLD 2025 2024 For the years ended September 30, 2025 2024 Retail product sales $ 500,744 $ 1,373,016 Wholesale product sales - 2,164 Equipment-based service revenue 937,383 630,177 Technical service revenue - 36,027 Commissions - 2,954 Training - 34,403 Total $ 1,438,127 $ 2,078,741 2025 2024 For the years ended September 30, 2025 2024 Performance obligations satisfied at a point in time $ 500,744 $ 1,448,564 Performance obligations satisfied over time 937,383 630,177 Total $ 1,438,127 $ 2,078,741 Revenue $ 1,438,127 $ 2,078,741 Cost of revenue: We disaggregated our cost of revenue for years ended September 30, 2025 and 2024: 2025 2024 For the years ended September 30, 2025 2024 Retail product sales $ 128,280 $ 324,770 Wholesale product sales - 1,152 Equipment-based service revenue 351,552 259,353 Technical service revenue - - Commissions - - Training - 20,363 Total $ 479,832 $ 605,638 Cost of revenue $ 479,832 $ 605,638

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NOTE 14 - INCOME TAXES The Company accounts for income taxes pursuant to the accounting standards that require the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statements and the tax basis of assets and liabilities, and for the expected future tax benefit to be derived from tax losses and tax credit carryforwards. Additionally, the accounting standards require the establishment of a valuation allowance to reflect the likelihood of realization of deferred tax assets. The Company and its subsidiaries file separate income tax returns. United States Kun Peng International Limited is incorporated in the State of Nevada and is subject to United States federal income tax. No provision for income taxes in the U.S. has been made as the Company has no U.S. taxable income for the years ended September 30, 2025 and 2024. British Virgin Islands KP International Holding is a holding company organized as an International Business Company under the laws of the British Virgin Islands (BVI), and its principal operating subsidiaries are organized under the laws of Hong Kong and the laws of the PRC. KP International and its subsidiaries are not subject to income taxes in the BVI. Hong Kong The two-tier profits tax rates system was introduced under the Inland Revenue (Amendment)(No.3) Ordinance 2018 (the Ordinance) of Hong Kong and became effective for the assessment year 2018/2019. Under the two-tier profits tax rates regime …

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NOTE 15 - RIGHT-OF-USE ASSETS AND LEASE The Company has operating leases for its office facilities, automobiles and employee accommodation and finance lease for equipment for revenue service. The Company classified the equipment for revenue service as finance lease as the lessor will transfer the ownership of equipment for revenue service to the Company by the end of the lease term. Leases with an initial term of 12 months or less are not recorded on the balance sheet. The Company recognized lease expense on a straight-line basis over the lease term for operating lease. Meanwhile, the Company recognized the finance leases ROU assets and interest on an amortized cost basis. The following table provides a summary of leases as of September 30, 2025 and 2024: SUMMARY OF OPERATING LEASE ASSETS AND LIABILITIES Assets/liabilities Classification September 30, 2025 September 30, 2024 Assets Operating lease right-of-use assets Operating lease assets $ 89,073 $ 284,524 Finance lease right-of-use assets Finance lease assets 111,931 309,445 Total lease assets $ 201,004 $ 593,969 Liabilities Current Operating lease liability - current Current operating lease liabilities $ 52,017 $ 238,979 Finance lease liability - current Current finance lease liabilities 75,765 196,879 $ 127,782 $ 435,858 Long-term Operating lease liability net of current portion Long-term finance lease liabilities $ 34,006 $ 44,622 Finance lease liability net of current portion Long-term operating lease liabilities - 76, …

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Recent Accounting Pronouncements In November 2024, the FASB issued ASU 2024-03, Income Statement Reporting Comprehensive Income (Topic 220-40): Expense Disaggregation Disclosures (ASU 2024-03). This update requires, among other things, more detailed disclosure about types of expenses in commonly presented expense captions such as cost of sales and selling, general, and administrative expenses, and is intended to improve the disclosures about an entitys expenses including purchases of inventory, employee compensation, depreciation and amortization. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. The Company is currently evaluating the impact of the on its consolidated financial statements and related disclosures. In July 2025, the FASB issued ASU 2025-05, Financial InstrumentsCredit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets (ASU 2025-05). The amendments in ASU 2025-05 provide entities with a practical expedient to simplify the estimation of expected credit losses on current accounts receivable and current contract assets that arise from transactions accounted for under ASC 606, Revenue from Contracts with Customers (ASC 606) by allowing the assumption that current conditions as of the balance sheet date will not change during the remaining life of the asset. ASU 2025-05 is effective for the Company for its annual reporting p …

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NOTE 11 - RELATED PARTY TRANSACTIONS Acquisition of Kun Pin Hui (Shandong) Trading Co. Ltd. On April 3, 2024, King Eagle VIE entered into a Share Transfer Agreement (the Share Purchase Agreement) with Zhandong Fan and Yuanyuan Zhang for the acquisition of all the subscribed shares of Kun Pin Hui (Shandong) Trading Co. Ltd. Pursuant to the Share Purchase Agreement, King Eagle VIE purchased all of the outstanding shares of Kun Pin Hui (Shandong) Trading Co. Ltd., which were held 95 % by Zhandong Fan and 5 % by Yuanyuan Zhang, for an aggregate consideration of $ 0.14 (RMB 1 ). The acquisition closed on April 7, 2024. As of September 30, 2025, King Eagle (Tianjin) had paid $ 3,698 (RMB 27,000 ) of the registered capital. Amounts due from related parties Amounts due from related parties mainly represent monies advanced to officers or employees for daily operating expenses that are anticipated to be incurred by our officers and employees on behalf of the Company. The advances are required to be repaid in cash within a year. Amounts due from related parties consisted of the following: SCHEDULE OF AMOUNTS DUE FROM RELATED PARTIES Name of related party Relationship Nature of transactions September 30, 2025 September 30, 2024 Ms. Jinjing Zhang One of the shareholders of King Eagle (Tianjin) Advanced to officers or employees for operating expenses $ - $ 7,125 Ms. Xiujin Wang One of the shareholders of King Eagle (Tianjin), beneficial owner of shares of the Company through her control of …

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NOTE 13 - REVENUE Revenue: The following table presents revenues and the related cost of goods sold disaggregated by customer type for the years ended September 30, 2025 and 2024: SCHEDULE OF DISAGGREGATED REVENUES AND COST OF GOODS SOLD 2025 2024 For the years ended September 30, 2025 2024 Retail product sales $ 500,744 $ 1,373,016 Wholesale product sales - 2,164 Equipment-based service revenue 937,383 630,177 Technical service revenue - 36,027 Commissions - 2,954 Training - 34,403 Total $ 1,438,127 $ 2,078,741 2025 2024 For the years ended September 30, 2025 2024 Performance obligations satisfied at a point in time $ 500,744 $ 1,448,564 Performance obligations satisfied over time 937,383 630,177 Total $ 1,438,127 $ 2,078,741 Revenue $ 1,438,127 $ 2,078,741 Cost of revenue: We disaggregated our cost of revenue for years ended September 30, 2025 and 2024: 2025 2024 For the years ended September 30, 2025 2024 Retail product sales $ 128,280 $ 324,770 Wholesale product sales - 1,152 Equipment-based service revenue 351,552 259,353 Technical service revenue - - Commissions - - Training - 20,363 Total $ 479,832 $ 605,638 Cost of revenue $ 479,832 $ 605,638

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NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. This basis of accounting involves the application of accrual accounting and, consequently, revenues and gains are recognized when earned and expenses and losses are recognized when incurred. The consolidated financial statements are expressed in U.S. dollars. Principles of Consolidation The consolidated financial statements include the financial statements of the Company, its subsidiaries and its variable interest entity (VIE and its subsidiaries). All significant intercompany transactions and balances within the Company have been eliminated upon consolidation. The results of subsidiaries acquired during the respective periods are included in the consolidated statements of operations from the effective date of acquisition or up to the effective date of disposal, as appropriate. The portion of the income or loss applicable to non-controlling interests in subsidiaries is reflected in the consolidated statements of operations. Use of Estimates and Assumptions The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that impact the presented amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financi …

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NOTE 12 - EQUITY Effective as of September 9, 2021, the Companys Articles of Incorporation were amended to increase the Companys authorized capital to 210,000,000 authorized shares of capital stock with 200,000,000 designated as $ 0.0001 par value common stock and 10,000,000 designated as $ 0.0001 par value preferred stock. Effective on October 12, 2022, a Certificate of Amendment was filed with the Nevada Secretary of State to increase the authorized number of shares of the Companys $ 0.0001 par value common stock from 200,000,000 shares to 1,000,000,000 shares of common stock. The Companys board of directors approved and declared a 10:1 forward split of its common stock on September 6, 2022. As a result of the stock split, holders of pre-split shares of common stock received post-split shares of common stock at a ratio of ten (10) shares of post-split common stock for every one (1) share of pre-split common stock. The stock split had a record date of September 16, 2022 and an effective date of October 18, 2022. No fractional shares were issuable as a result of the forward stock split. After the forward stock split, the Company has 400,000,000 shares of common stock outstanding. The par value of the common stock remained unchanged at $ 0.0001 per share after the stock split. Preferred stock The Companys authorized shares of preferred stock are 10,000,000 shares, with a par value of $ 0.0001 . The preferred stock may be issued in series and with such voting powers, designatio …

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NOTE 18 - SUBSEQUENT EVENT Independent Non-Executive Director Lingya Jia resigned and the Board of Directors appointed Kun Hu as an Independent Non-Executive Director effective December 4, 2025 to fill the existing vacancy on the Companys Board of Directors. As of September 30, 2025, the Company evaluated and concluded that there are no subsequent events that would require recognition or disclosure in the financial statements, other than as disclosed above. …

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