Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 29

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1A
Chunk 29
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 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.

Our
independent registered public accounting firm issued an audit opinion on the financial statements included in this report filed with
the SEC and will issue audit reports related to our company in the future. As auditors of companies that are traded publicly in the United
States and a firm registered with the PCAOB, our auditor is required by the laws of the United States to undergo regular inspections
by the PCAOB. However, to the extent that our auditor’s work papers become located in China, such work papers will not be subject
to inspection by the PCAOB because the PCAOB is currently unable to conduct inspections without the approval of the Chinese authorities.
Inspections of certain other firms that the PCAOB has conducted outside of China have identified deficiencies in those firms’ audit
procedures and quality control procedures, which may be addressed as part of the inspection process to improve future audit quality.
On December 2, 2021, the Securities and Exchange Commission adopted amendments to finalize rules implementing the submission and disclosure
requirements in the HFCAA. We are required by the HFCAA to have an auditor that is subject to the inspection by the PCAOB. Pursuant to
the HFCAA, the PCAOB issued a Determination Report on December 16, 2021, which found that the PCAOB was unable to inspect or investigate
completely certain named registered public accounting firms headquartered in mainland China and Hong Kong. Our independent registered
public accounting firm is headquartered in the Singapore and has been inspected by the PCAOB on a regular basis and as such, it is not
affected by or subject to the PCAOB’s Determination Report. To the extent this status changes in the future and our auditor’s
audit documentation related to their audit reports for our company becomes outside of the inspection by the PCAOB, our Common Stock could
be delisted from the stock exchange pursuant to the Holding Foreign Companies Accountable Act.

36

Our
securities may be prohibited from trading on a national exchange or over-the-counter in the United States under the Holding Foreign Companies
Account