Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 579

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 4
Chunk 579
---
, 2025, Yanqin Chen beneficially owns 3,000,000 shares of common stock.
  
    (8)
     
    Based
    on Schedule 13 D filed with the SEC on April 3, 2025, Wenwen Yu, through her 100% ownership of Metaverse Intelligence Tech Ltd.,
    beneficially owns 8,688,557 shares of common stock, including (i) 3,932,147 shares of common stock directly held; and (ii) warrants
    have the right to acquire up to 4,756,410 shares of common stock within 60 days.
    Metaverse
    Intelligence Tech Ltd. 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