Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 153

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1
Chunk 153
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 laws of the PRC; Xilin Online (Beijing) E-commerce Co., Ltd, a limited
liability company organized under the laws of the PRC; and Shanghai Huomao Cultural Development Co., Ltd., a limited liability company
organized under the laws of the PRC.

Wewin,
DZR Tech and CIMG Singapore are wholly owned subsidiaries of the Company. Beijing Zhongyan is a wholly owned subsidiary of DZR Tech.
Henan Zhongyan is wholly owned subsidiaries of Beijing Zhongyan. Beijing Xilin and Shanghai Huomao are 51% owned by Beijing
Zhongyan. Beijing Zhongyan, Henan Zhongyan, Beijing Xilin and Shanghai Huomao are our PRC Subsidiaries.

Available
Information

Our
annual and quarterly reports, along with all other reports and amendments filed with or furnished to the SEC, are publicly available
free of charge on the Investor Relations section of our website at http://www.ccmg.tech as soon as reasonably practicable
after these materials are filed with or furnished to the SEC. Our website and the information contained on, or that can be accessed through,
the website will not be deemed to be incorporated by reference in, and are not considered part of, this Report. Our corporate governance
policies, ethics code and board of directors’ committee charters are posted under the Investor Relations section of the website.
The SEC also maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers
that file electronically with the SEC. The address of that site is www.sec.gov.

17

ITEM
1A. RISK FACTORS

Risk
Factor Summary

The
risk factors summarized below could materially harm our business, operating results and/or financial condition, impair our future prospects
and/or cause the price of our Common Stock to decline. These risks are discussed more fully in the section titled “Risk Factors.”
Material risks that may affect our business, operating results and financial condition include, but are not necessarily limited to, the
following:

Risks
Related to Our Financial Condition and Capital Requirements

    ●
    We
    have a history of net losses. We expect to continue to incur net losses in the future and we may never generate sufficient revenue
    to achieve or sustain profitability. (see page 23)

    ●
    We
    expect to need to obtain additional capital to fund our existing operations and, if we are unable to obtain such financing