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Re: Potse post# 4048

Tuesday, 03/21/2023 7:58:38 AM

Tuesday, March 21, 2023 7:58:38 AM

Post# of 5927
KPEA(.29)...updates, stores opening, third acquisition target......

China Fortune.com (China Fortune Media Group) did a 6-minute interview/feature on KPEA and its CEO last week. The video doesn't have a closed caption feature, but it looks like much of the final 2 minutes of the interview was about the stock. The article text that accompanies this video seems to make it pretty clear that KPEA still has intentions of uplisting to the Nasdaq at some point. It looks like the company is viewing the upgrade to QB status as just a stepping stone toward its eventual goal of trading on the Nasdaq. Recent internally-generated material that the company has posted on its website, and other recent third-party articles also reiterate KPEA's continued desire to eventually uplist to the Nasdaq.

The interview/article mentions that KPEA intends to complete the acquisition of at least one of the two target companies by the end of this year. So I would probably expect to see some increase in corporate activity over the next few months or so.



For some reason the company had stopped posting corporate updates on its website, starting around the beginning of this year. But over this weekend KPEA has resumed those updates. During that almost 3-month period the company was actually putting out updates. I will post a link below to a source that I was using to monitor those updates (also includes videos the company was producing).

The draconian shutdowns in China due to the pandemic obviously impacted the company, especially the plans it had to open physical stores. But now that things appear to be opening up better and logistics/supply issues are improving, hopefully operational activity at the company can show improvement.

Based on some of the updates that were issued since the beginning of 2023, it appears that KPEA has identified its third acquisition target (a software development company that has developed a life services app). During the month of February at least 5 or 6 physical stores were opened, with the general goal of having 100 stores opened during 2023. It also looks like KPEA has entered into a cooperation agreement with a large, well-established financial services firm.

Some items of interest from one of the updates......

In February 2023, Kunpeng (China) signed a merger and acquisition strategic framework agreement with Shandong Yantai Boster Group Co., Ltd., Yan Anju (Xiamen) Group Co., Ltd. and Jiangxi Duoqi Information Technology Co., Ltd., and will also carry out related due diligence work in the future. The development and completion of the capital merger and acquisition business will bring economies of scale and operational effects to the development of Kunpeng (China), attracting major global high-quality companies to integrate into the construction of Kunpeng (China) development system.

Kunpeng (China) and Guoqian International Holdings Co., Ltd. signed a comprehensive strategic cooperation agreement to promote a bright future for both parties in the capital field. The cooperation between the two parties will further strengthen the synergy between Kunpeng's business and capital levels, and at the same time provide Kunpeng with upstream and downstream industrial chains, investment and financing channels, and related capital cooperation opportunities. Actively exploring multi-category, in-depth and all-round strategic cooperation in the new market environment will provide an excellent model for Kunpeng (China)'s sustainable development.



https://space.bilibili.com/3493135323761587 (alternative source for updates)

http://www.kp-china.com/lists/26.html (corporate website)

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