this is very complex and problematic and also very expensive, only a few companies have competence in this area, Topping definitely not.
I disagree, in fact almost every bluetooth module has more sophisticated DSP built in than we get from consumer devices. Believe it or not, even your bargain-bin beach speakers and wireless headphones have 10-band PEQ onboard. It's extremely common for any digital audio parts to come with DSP at the factory. The nicer ones have multi-stage DSP with compressors and psychoacoustic bass enhancers and all kinds of stuff that is never exposed to the consumer.
However, the PEQ is used to tune the speaker at the design stage, and the controls are not exposed to the user.
The user interface is the stumbling block, believe it or not. The capability is already there, or could be added trivially in many cases, but companies don't have much confidence in AVERAGE users using them correctly. (ASR users are an exceptional sort of user, and even then we aren't all experts with PEQ.) They would also need to build and maintain apps that could be used to edit the EQ, also an unappealing prospect, as you now have unlimited liability for maintaining software for a feature with an uncertain price differential.
If you are willing to pay $100 extra for DSP you might get it. But I guess this is not well established in the Topping / SMSL niche.