Company: IMG
Filing Date: 2025-07-30
Form Type: 10-K/A
Source: 0001641172-25-021542
Chunk: 92

Company: CIMG Inc.
Filing Date: 2025-07-30
Form: 10-K/A
Chunk 92
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 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 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