Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 152

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1
Chunk 152
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 from NASDAQ indicating that the Company was not
in compliance with Nasdaq Listing Rule 5250(c)(1) because the Company did not timely file its Quarterly Report on Form 10-Q for the period
ended March 31, 2025 with the Securities and Exchange Commission. The Quarterly Report Notice has no immediate effect on the listing
of the Company’s stock on Nasdaq.

As
a result of this additional delinquency of the Form 10-Q for the period ended March 31, 2025, the Company submitted an update to its
original plan to regain compliance with respect to the filing requirement on June 3, 2025.

On June 13, 2025, the Company
did not manage to file its Form 10-K for the year ended September 30, 2024 and received a delist determination letter from the Listing
Qualifications Department of The Nasdaq Stock Market LLC on June 27, 2025 (“Nasdaq Delist Determination Letter”). According
to the Nasdaq Delist Determination Letter, unless the Company requests an appeal of this determination by July 7, 2025, trading of the
Company’s common stock will be suspended from The Nasdaq Capital Market at the opening of business on July 9, 2025, and NSADAQ will
file a Form 25-NSE with the SEC to remove the Company’s securities from listing and registration on The Nasdaq Stock Market.

The Company intends to file
its Form 10-K for the fiscal year ended September 30, 2024 as soon as possible, and in any event before July 7, 2025. In addition, the
Company intends to appeal Nasdaq’s delist determination and plans to request a hearing before a Nasdaq Hearings Panel to present
its plan for regaining compliance with the applicable Nasdaq Listing Rules by 4:00 Eastern Time on July 7, 2025.

Currently,
the Company has 7 subsidiaries: WEWIN TECHNOLOGY LLC, a Florida limited liability company (“Wewin”), DZR Tech Limited; a
Hong Kong limited company (“DZR Tech”); CIMG PTE. LTD., a Singapore limited liability company; Zhongyan Shangyue Technology
Co., Ltd., a limited liability company organized under the laws of the PRC (“Beijing Zhongyan”); Henan Zhongyan Shangyue
Technology Co., Ltd, a limited liability company organized under the