Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 12

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1A
Chunk 12
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 third-party manufacturing partners as it relates to distribution of certain of our products. There is a risk that a broker,
distributor, common carrier or retailer may refuse to or cease to market or carry our product, or that any such entity or our third-party
manufacturing partner may not adequately perform its functions within the network by, without limitation, failing to distribute our products.

Furthermore,
such third-parties’ financial position or market share may deteriorate, which could adversely affect our distribution, marketing
and sale activities. We must also maintain good commercial relationships with third-party brokers, distributors and retailers so that
they will promote and carry our product. Any adverse consequences resulting from the performance of third-parties or our relationship
with them could undermine our operations and profitability.

Interruption
or increased costs of our supply chain and sales network, including a disruption in operations at any of our facilities or our manufacturer
partners’ facilities, could affect our ability to manufacture or distribute products and could adversely affect our business and
sales.

A
disruption in operations at any of our facilities or any other disruption in our supply chain or increase in prices relating to service
by our retailers, distributors, common carriers that ship goods within our distribution channels, or otherwise, whether as a result of
shipping costs and delays, trade restrictions, casualty, natural disaster, weather, power loss, telecommunications failure, terrorism,
labor shortages, contractual disputes, interruptions in port operations or highway arteries, pandemic, strikes, work stoppages, the financial
or operational instability of key suppliers, distributors and transportation providers, or other causes, could significantly impair our
ability to operate our business, adversely affect our relationship with our customers, and impact our financial condition or results
of operations.

27

The
loss of any member of our senior management team or our inability to attract and retain highly skilled personnel could have a material
adverse effect on our business.

Our
success depends on the skills, experience and performance of key members of our senior management team. The individual and collective
efforts of our senior management team will be important as we continue to expand our commercial activities and develop additional products.
The loss or incapacity of existing members of our senior management team could have a material adverse effect on our business and financial
condition if we experience difficulties in hiring qualified successors. Our employment agreements with our executive officers are “at
will”, and the retention of our executive officers for any period of time cannot be guaranteed. We do not maintain “key person”
insurance on any