Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 156

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1
Chunk 156
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, may require a complicated review and approval process
    which could make it more difficult for us to pursue growth through acquisitions in China. (see page 33)

    ●
    PRC
    regulation of loans and direct investment by offshore holding companies to PRC entities may delay or prevent us from making loans
    or additional capital contributions to the PRC Subsidiaries and affiliated entities, which could harm our liquidity and our ability
    to fund and expand our business. (see page 34)

    ●
    We
    must remit offering proceeds to China in a future securities issuance before they may be used to benefit our business in China, the
    process of which may be time-consuming, and we cannot assure that we can complete all necessary governmental registration processes
    in a timely manner. (see page 34)

    ●
    A
    failure by the beneficial owners of our shares who are PRC residents to comply with certain PRC foreign exchange regulations could
    restrict our ability to distribute profits, restrict our overseas and cross-border investment activities and subject us to liability
    under PRC law. (see page 35)

    ●
    We
    may be subject to fine due to our insufficient payment of the social insurance and housing fund of the employees. (see page 35)

    ●
    You
    may face difficulties in protecting your interests and exercising your rights as a stockholder of ours since we conduct part of our
    operations in China and part of our officers and directors reside in China. (see page 36)

    ●
    You
    may experience difficulties in protecting your rights through the United States courts. (see page 36)

    ●
    Increases
    in labor costs in the PRC may adversely affect our business and our profitability. (see page 36)

20

    ●
    Our
    auditor is headquartered in Singapore and is subject to inspection by the PCAOB on a regular basis. To the extent that our independent
    registered public accounting firm’s audit documentation related to their audit reports for our company become located in China,
    the PCAOB may not be able inspect such audit documentation and, as such, you may be deprived of the benefits of such inspection and
    our Common Stock could be delisted from the stock exchange pursuant to the Holding Foreign Companies Accountable Act and Accelerating
    Holding Foreign Companies Accountable Act. (see page 36)

    ●
    In
    light of recent