| RELATED PARTY TRANSACTIONS |
NOTE
11 - RELATED PARTY TRANSACTIONS
Acquisition
of Kun Pin Hui (Shandong) Trading Co. Ltd.
On
April 3, 2024, King Eagle (Tianjin) 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 (Tianjin) agreed to acquire all of the subscribed capital of Kun Pin Hui (Shandong), amounting
to $0.4 million (RMB 3 million), for an aggregate consideration of $0.28 (RMB 2). Zhandong Fan (the holder of 95% of the shares of Kun
Pin Hui (Shandong)) and Yuanyuan Zhang (the holder of 5% of the shares of Kun Pin Hui (Shandong)), both of whom are shareholders of King
Eagle (Tianjin), transferred their shares for consideration of $0.14 (RMB 1).
The
acquisition closed on April 7, 2024. As of June 30, 2025, King Eagle (Tianjin) had paid $3,698 (RMB27,000) 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 | |
June 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) | |
Advanced to officers or employees for operating expenses | |
| - | | |
| 7,125 | |
| Beijing Paiyue Technology Co., LTD | |
95%
held by Ms. Chengyuan Li, a prior shareholder of King Eagle (Tianjin) | |
Input VAT, offset once invoice was issued | |
| - | | |
| 5,842 | |
| King Eagle (Hangzhou) Health Technology Co., Ltd | |
45% held by King Eagle (Tianjin) | |
Advanced for operating expenses | |
| 83,757 | | |
| - | |
| Total | |
| |
| |
$ | 83,757 | | |
$ | 20,092 | |
Amounts
due to related parties
Amounts
due to related parties are payables arising from transactions between the Company and related parties, such as payments of agency service
charges to a related company, payments of operating expenses by such related parties on behalf of our entities in the PRC, and funding
to meet working capital requirements. The payables owed to the related parties are interest free, unsecured, and repayable on demand.
Amounts
due to related parties consisted of the following:
SCHEDULE
OF AMOUNTS DUE TO RELATED PARTIES
| Name
of related party |
|
Relationship |
|
Nature
of
transactions |
|
June
30,
2025 |
|
|
September
30,
2024 |
|
| Ms.
Chengyuan Li |
|
A
prior shareholder of King Eagle (Tianjin) |
|
Operational
support to King Eagle (Tianjin) to meet its working capital requirements |
|
$ |
2,631,498
|
|
|
$ |
2,686,246 |
|
| Ms.
Xiujin Wang |
|
One
of the shareholders of King Eagle (Tianjin) |
|
Operational
support to King Eagle (Tianjin) to meet its working capital requirements |
|
|
251,270
|
|
|
|
260,773 |
|
| Mr.
Richun Zhuang |
|
Chief
Executive Officer and Director |
|
Operational
support to King Eagle (Tianjin) to meet its working capital requirements |
|
|
328,405
|
|
|
|
234,981 |
|
| Ms.
Yuanyuan Zhang |
|
One
of the shareholders of King Eagle (Tianjin) |
|
Operational
support to King Eagle (Tianjin) to meet its working capital requirements |
|
|
118,759
|
|
|
|
121,094 |
|
| Ms.
Jinjing Zhang |
|
One
of the shareholders of King Eagle (Tianjin) |
|
Operational
support to King Eagle (Tianjin) to meet its working capital requirements |
|
|
2,373
|
|
|
|
3,847 |
|
| Mr.
Zhandong Fan |
|
One
of the shareholders of King Eagle (Tianjin) |
|
Operational
support to King Eagle (Tianjin) to meet its working capital requirements |
|
|
3,769
|
|
|
|
3,847 |
|
| Mr.
Cairong Ji |
|
Legal
representative of King Eagle (Hangzhou) |
|
Operational
support to King Eagle (Tianjin) to meet its working capital requirements |
|
|
- |
|
|
|
2,391 |
|
| Tianjin
Qianying Technology Co., Ltd. |
|
100%
held by Ms. Jinjing Zhang, one of the shareholders of King Eagle (Tianjin) |
|
Payments
of agency service charges |
|
|
823,367
|
|
|
|
753,455 |
|
| Beijing
Paiyue Technology Co., LTD |
|
95% held by Ms. Chengyuan Li, a prior shareholder of King Eagle (Tianjin) |
|
Payments
of agency service charges |
|
|
31,227
|
|
|
|
2,779 |
|
| Total |
|
|
|
|
|
$ |
4,190,668
|
|
|
$ |
4,069,413 |
|
|