Company: IMG
Filing Date: 2025-03-14
Form Type: 8-K
Source: 0001493152-25-010291
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Company: CIMG Inc.
Filing Date: 2025-03-14
Form: 8-K
Item: Item 8.01
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Item
8.01 Other Events

On
March 10, 2025, Zhongyan Shangyue Technology Co., Ltd. (“ Zhongyan”), CIMG Inc.’s (the “ Company”) wholly-owned
subsidiary, entered into a Business Cooperation Intent Agreement (the “ Agreement”) with Shanghai Huomao Cultural Development
Co., Ltd. (“ Huomao”). Pursuant to the Agreement, the three shareholders of Huomao intend to transfer an aggregate of 51%
of their equity interest in Huomao to Zhongyan (the “ Transfer”) in exchange for 200,000 shares of CIMG’s common stock,
par value $0.00001 per share (“ Common Stock”), to be issued to the designated parties. The Common Stock shall be subject
to a six-month lock-up period. The parties to the Agreement plan to consummate the Transfer within 15 calendar days from the date of
the Agreement.

Upon
completion of the Transfer, Huomao’s employees shall be integrated into the Company’s corporate group, and both parties agree
that Mr. Xiaocheng Hao shall be appointed as Chief Executive Officer of Huomao, continuing to oversee Huomao’s daily operations.
Additionally, the parties agree to establish a decision-making committee, which shall unanimously approve any Huomao’s transaction
exceeding RMB 200,000. The committee shall comprise three members: Ms. Yanli Hou nominated by Zhongyan, Mr. Xiaocheng Hao, and Ms. Hongfang
Xie nominated by Huomao.

Furthermore,
the parties propose that CIMG grant incentive shares to Huomao’s employees based on Huomao’s sales performance following
the completion of the Transfer, with the specific performance criteria and the terms of such incentive share grants to be determined
through future agreements.

SIGNATURE

Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.

                      CIMG                           
  Dated:              By:         /s/                
                      Name:       Jianshuang         
                      Title:      Chief