Kun Peng International Holding Limited acquired CX Network Group, Inc. (OTCPK:CXKJ) from Wenhai Xia and others in a reverse merger transaction for $13.7 million on May 17, 2021. Pursuant to the terms, CX Network will issue 34.2 million shares as consideration. Kun Peng International will own 85.45 stake in combined company. Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, and sole director, Wenhai Xia resigned and replaced by Xiangyi Mao (Chief Executive Officer), Yuanyuan Zhang(Chief Financial Officer), Yanlu Li (Vice President), Richun Zhuang (Director) and Chengyuan Li (Director). The transaction is subject to completion of due diligence by CX Network, completion of audits of Kun Peng International and resignation of ole officer and director of CX Network. Henry F. Schlueter of Schlueter & Associates acted as legal advisor for Kun Peng International and CX Network. Kun Peng International Holding Limited completed the acquisition of CX Network Group, Inc. (OTCPK:CXKJ) from Wenhai Xia and others in a reverse merger transaction on May 17, 2021.