Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 164

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1
Chunk 164
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 in multiple countries.
Consequently, we face complex legal and regulatory requirements in multiple jurisdictions, which may expose us to certain financial and
other risks. International operations are subject to a variety of risks, including:

    ●
    foreign
    currency exchange rate fluctuations;
  
    ●
    greater
    difficulty in overseeing foreign operations;
  
    ●
    logistical
    and communications challenges;
  
    ●
    potential
    adverse changes in laws and regulatory practices, including export license requirements, trade barriers, tariffs and tax laws;
  
    ●
    burdens
    and costs of compliance with a variety of foreign laws;
  
    ●
    political
    and economic instability;
  
    ●
    foreign
    tax laws and potential increased costs associated with overlapping tax structures;
  
    ●
    greater
    difficulty in protecting intellectual property;
  
    ●
    the
    risk of third-party disputes over ownership of intellectual property and infringement of third-party intellectual property by our
    products; and
  
    ●
    general
    social, economic and political conditions in these foreign markets.

Increased
competition, including as a result of industry consolidation, could hurt our businesses.

The
maca products industry is intensely competitive and we compete with respect to product, quality, convenience, technology, innovation,
and price. We face significant competition in each of our channels and marketplaces. We compete with major international maca products
companies that operate in multiple geographic areas, many of which have greater financial and other resources than we do, as well as
numerous companies that are primarily local in operation. Our Maca Series products also compete against local or regional brands as well
as against private label brands developed by retailers. Our ability to gain or maintain share of sales in the global marketplace or in
various local marketplaces or maintain or enhance our relationships with our partners and customers may be limited as a result of actions
by competitors, including as a result of increased consolidation in the maca products industry.

26

Changes
in the maca products environment and retail landscape could impact our financial results.

The
maca products environment is rapidly evolving as a result of, among other things, changes in consumer preferences; shifting consumer
tastes and needs; changes in consumer lifestyles; and competitive product and pricing pressures. In addition, the maca products retail
landscape is dynamic and constantly evolving, not only in emerging and developing marketplaces, where modern trade is growing at a faster
pace than traditional trade outlets, but