Kun Peng International Ltd NT 10-Q, filed Aug 15, 2024
Kun Peng International Ltd. (KPEA)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 |
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| 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 N-SAR |
| For Fiscal Quarter Ended: June 30, 2024 | ||||||||||
| ☐ 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 June 30, 2024, and needs additional time to complete the Form 10-Q and the unaudited financial statements for the fiscal quarter ended June 30, 2024.
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 $403,889 and an unaudited comprehensive loss of approximately $371,509 for the three months ended June 30, 2024, as compared to an unaudited net loss of $3,295,384 and an unaudited comprehensive loss of approximately $3,060,692 for the three months ended June 30, 2023. The decreased losses are primarily due to an approximately $2,905,202 (79%) decrease in operating expenses and an approximately $8,579 (89%) decrease in other expenses.
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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: August 15, 2024 | 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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