Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 580

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 4
Chunk 580
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 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
an aggregate purchase price of approximately $130,000 in a private placement transaction. The Board pre-approved Mr. Sooncha Kim’s
purchase of shares of Common Stock and warrants in accordance with our Related Party Transaction Policy.

For
the fiscal year ended September 30, 2024 and as of the date of this annual report, there has not been any transaction or series of transactions,
nor is there any currently proposed transaction.

ITEM
14. PRINCIPAL ACCOUNTING FEES AND SERVICES

Please
refer to the Current Reports on Form 8-K of the Company filed on January 24, 2025, which described that the change of auditors from MaloneBailey,
LLP to Assentsure PAC was approved by the audit committee of the board of directors of the Company.

The
Company appointed Assentsure PAC as the Company’s new independent registered public accounting firm, effective as of January 20,
2025 to audit our financial statements for the year ended September 30, 2024 and review its unaudited financial statements for the periods
ended December 31, 2024, March 31, 2025 and June 30, 2025, which was approved by its Audit Committee.

The
Audit Committee of the Board of Directors of the “Company has approved the termination of MaloneBailey, LLP (“MaloneBailey”)
as its independent registered public accounting firm, effective January 20, 2025. The reports of MaloneBailey on the Company’s
financial statements as of and for the two most recent fiscal years ended September 30, 2023 and September 30, 2022, did not contain
any adverse opinion or a disclaimer of opinion, nor were such reports qualified or modified as to uncertainty, audit scope or accounting
principles, except for an explanatory