Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 188

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1
Chunk 188
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 transmission, provision, disclosure, or
deletion of data. According to the latest amended Cybersecurity Review Measures, which was promulgated on November 16, 2021 and became
effective on February 15, 2022, an online platform operator holding more than one million users/users’ individual information shall
be subject to cybersecurity review before listing abroad.

As
of the date of this report, CIMG and its subsidiaries have not received any notice from any authorities requiring the PRC subsidiaries
to go through cybersecurity review or network data security review by the CAC. Given that the PRC subsidiaries do not possess personal
data of at least one million individual clients and do not collect data that affects or may affect national security in their business
operations as of the date of this report and do not anticipate that they will be collecting over one million users’ personal information
or data that affects or may affect national security in the near future. There remains uncertainty, however, as to how the Cybersecurity
Review Measures and the Security Administration Draft will be interpreted or implemented and whether the PRC regulatory agencies, including
the CAC, may adopt new laws, regulations, rules, or detailed implementation and interpretation related to the Cybersecurity Review Measures
and the Security Administration Draft. If any such new laws, regulations, rules, or implementation and interpretation come into effect,
we will take all reasonable measures and actions to comply and to minimize the adverse effect of such laws on us. We cannot guarantee,
however, that we will not be subject to cybersecurity review and network data security review in the future, which could materially and
adversely affect our business, financial conditions, and results of operations.

Failure
to comply with the Foreign Corrupt Practices Act could adversely affect our business.

We
are required to comply with the United States Foreign Corrupt Practices Act (or FCPA), which prohibits U.S. companies from engaging in
bribery or other prohibited payments to foreign officials for the purpose of obtaining or retaining business. Foreign companies, including
some of our competitors, are not subject to these prohibitions. Corruption, extortion, bribery, pay-offs, theft and other fraudulent
practices occur from time-to-time in mainland China. If our competitors engage in these practices, they may receive preferential treatment
from personnel of other companies or government agencies, giving our competitors an advantage in securing business or from government
officials who might give them priority in obtaining new licenses, which would put us at a disadvantage.

We
have operations