Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 81

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1A
Chunk 81
---
. is governed by its sole director, Ying Yu. As such, Ms. Yu has voting and investment discretion with respect
    to the shares of common stock held of record by Metaverse Intelligence Tech Ltd. and may be deemed to have beneficial ownership of
    the shares and warrants held directly by Metaverse Intelligence Tech Ltd. Therefore, both Wenwen Yu and Ying Yu are deemed to have
    shared voting power over the 8,688,557 shares of common stock.

66

ITEM
13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

Certain
Relationships and Related Transactions

Except
as set forth below, other than the director and executive officer compensation, there has not been any transaction or series of transactions
since October 1, 2020, nor is there any currently proposed transaction, in which:

    ●
    we
    have been or are to be a participant;
  
    ●
    the
    amount involved exceeded or will exceed the lesser of (i) $120,000 or (ii) 1% of the average of the Company’s total assets
    at year-end for the last two completed fiscal years; and
  
    ●
    any
    of our directors, executive officers or, to our knowledge, beneficial owners of 5% or more of our capital stock, or any immediate
    family member of or person sharing the household with any of these individuals or entities, had or will have a direct or indirect
    material interest.

Mr.
Sooncha Kim, purchased 24,286 shares of Common Stock for an aggregate purchase price
of approximately $697,000 on August 10, 2022 in our underwritten public offering (the “Registered Offering”) of Common Stock,
which we completed pursuant to an Underwriting Agreement dated as of August 7, 2022 and a prospectus supplement to our effective shelf
registration statement on Form S-3 (Registration No. 333-248531). Mr. Sooncha Kim purchased shares of Common Stock in the Registered
Offering from the underwriter on the same terms as all other investors participating in the Registered Offering. The Board pre-approved
Mr. Sooncha Kim’s purchase of shares of Common Stock in the Registered Offering in accordance with our Related Party Transaction
Policy.

In
November, 2023, Mr. Sooncha Kim also purchased 46,800 shares of Common Stock and warrants to purchase an additional 5,200 shares for