Kun Peng International terminates and restructures VIE agreements after equity transfers in King Eagle Tianjin

Kun Peng International Ltd.

On June 10, 2025, King Eagle China terminated original VIE agreements with King Eagle Tianjin and its shareholders.
Termination triggered by transfer of 45.48% equity in King Eagle Tianjin from Li Chengyuan to Fan Zhandong (22.74%) and Zhang Yuanyuan (22.74%).
New VIE Agreements (Business Operation, Agency, Equity Disposal, Equity Pledge) signed same day to maintain control.
New shareholders include Fan Zhandong (27.74%) and Zhang Yuanyuan (32.74%); Exclusive Consultation and Service Agreement remains effective.

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