| RELATED PARTY TRANSACTIONS |
NOTE
12 - RELATED PARTY TRANSACTIONS
Amounts
due from related parties
Amounts
due from related parties mainly represent customer payments for sales collected and processed by a third-party service provider on behalf
of the Company and 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, 2026 | | |
September 30, 2025 | |
| King Eagle (Hangzhou) Health Technology Co., Ltd | |
40% held by King Eagle (Tianjin) | |
Advanced for operating expenses | |
$ | 88,429 | | |
$ | 84,282 | |
| Chongbao (Beijing) Auction Co., Ltd. | |
100% held by Beijing Paiyue Technology Co., LTD, which is 95% held by Ms. Chengyuan Li, a director of the Company | |
Account receivable | |
| 103 | | |
| 247,337 | |
| Total | |
| |
| |
$ | 88,532 | | |
$ | 331,619 | |
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, 2026 | | |
September 30, 2025 | |
| Ms. Chengyuan Li | |
A prior shareholder of King Eagle (Tianjin); a director of the Company; beneficial owner of shares of the Company through her control of Beijing Paiyue Technology Co., LTD, which controls Kun Peng TJ Limited | |
Operational support to King Eagle (Tianjin) to meet its working capital requirements | |
$ | 2,778,294 | | |
$ | 2,647,984 | |
| Ms. Xiujin Wang | |
One of the shareholders of King Eagle (Tianjin) | |
Operational support to King Eagle (Tianjin) to meet its working capital requirements | |
| 265,287 | | |
| 252,845 | |
| Mr. Richun Zhuang | |
Chief Executive Officer and a director of the Company | |
Operational support to King Eagle (Tianjin) to meet its working capital requirements | |
| - | | |
| 424,108 | |
| Ms. Jinjing Zhang | |
One of the shareholders of King Eagle (Tianjin) | |
Operational support to King Eagle (Tianjin) to meet its working capital requirements | |
| 2,505 | | |
| 2,388 | |
| Mr. Zhandong Fan | |
One of the shareholders of King Eagle (Tianjin) | |
Operational support to King Eagle (Tianjin) to meet its working capital requirements | |
| 3,979 | | |
| 3,793 | |
| Mr. Jianxin Niu | |
Legal representative and the director of Chongbao (Beijing) Auction Co., Ltd. | |
Operational support to King Eagle (Tianjin) to meet its working capital requirements | |
| - | | |
| 34,097 | |
| Tianjin Qianying Technology Co., Ltd. | |
100% held by Ms. Jinjing Zhang, one of the shareholders of King Eagle (Tianjin) | |
Payments of agency service charges and interest-free loan | |
| 783,243 | | |
| 828,644 | |
| Beijing Paiyue Technology Co., LTD | |
95% held by Ms. Chengyuan Li, a director of the Company | |
Payments of agency service charges, interest-free loan and leasing expenses | |
| 90,994 | | |
| 165,959 | |
| Chongbao (Beijing) Auction Co., Ltd. | |
100% held by Beijing Paiyue Technology Co., LTD, which is 95% held by Ms. Chengyuan Li, a director of the Company | |
Payments of service charges and interest-free loan | |
| 93,461 | | |
| 178,096 | |
| Beijing Pengnuo Medical Technology Co., Ltd. | |
100% held by Mr. Richun Zhuang, Chief Executive Officer and a director of the Company | |
Payments for goods, interest-free advances, and payments made on behalf of related parties | |
| 9,546 | | |
| - | |
| Total | |
| |
| |
$ | 4,027,309 | | |
$ | 4,537,914 | |
Related
parties transactions
Name of related
party | |
Relationship | |
Nature of
transactions | |
June 30, 2026 | | |
June 30, 2025 | |
| Chongbao (Beijing) Auction Co., Ltd. | |
100% held by Beijing Paiyue Technology Co., LTD, which is 95% held by Ms. Chengyuan Li, a director of the Company | |
Selling expense — service agents | |
| 30,198 | | |
| - | |
| Tianjin Qianying Technology Co., Ltd. | |
100% held by Ms. Jinjing Zhang, one of the shareholders of King Eagle (Tianjin) | |
Selling expense — service agents | |
| 4,147 | | |
| 169,294 | |
| Beijing Paiyue Technology Co., LTD | |
95% held by Ms. Chengyuan Li, a director of the Company | |
General administration expenses —rental expense | |
| 44,953 | | |
| 29,969 | |
| Kun Yu (Hainan) Technology Co., Ltd | |
100% held by Beijing Paiyue
Technology Co., LTD, which is 95% held by Ms. Chengyuan Li, a director of the Company | |
Revenue - sales of goods | |
| 14,978 | | |
| - | |
| Beijing Pengnuo Medical Technology | |
100% held by Mr. Richun Zhuang, Chief Executive Officer and a director of the Company | |
Revenue - sales of goods | |
| 2,773
| | |
| - | |
| Total | |
| |
| |
$ | 97,049 | | |
$ | 199,263 | |
|