Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 146

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1
Chunk 146
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 strong emotional connection with consumers, turning them into long-term loyal customers.

    ●
    Strengthening
    Distribution Channels: To expand our reach and ensure product availability, we will continue to strengthen and diversify our
    distribution channels. We will focus on growing our e-commerce platform, optimizing the user experience. Additionally, we will increase
    partnerships with both large and small retailers, expanding our presence in grocery stores, convenience stores, and vending machines.
    We will also explore opportunities with international distributors and retailers to increase our product’s visibility in new
    markets. Through effective supply chain management and collaboration with logistics partners, we will ensure that our products are
    delivered efficiently and meet the growing demand in different regions. We aim to create a seamless, omnichannel shopping experience
    for consumers, enabling them to purchase our products both online and in-store.

Risks
Associated with Our Business and History of Losses

We
have incurred net losses since we commenced operations as CIMG Inc. in 2013, including net losses of $8.56 million and $8.75 million
for the years ended September 30, 2024 and 2023, respectively. As of September 30, 2024, our accumulated deficit was approximately $81.93
million. We expect to incur significant sales and marketing expenses prior to recording sufficient revenue from our operations
to offset existing expenses. In the United States, we expect to incur additional losses as a result of the costs associated with operating
as an exchange-listed public company.

Recent
Developments

Since
July 2024, CIMG has been undergoing a transformation in digital marketing, distribution, and sales. As part of this transformation, we
have extended our sales and distribution network to include maca-infused food and beverages, reaffirming our commitment to reshaping
the online marketing, sales, and distribution landscape for consumer products.

CIMG
has successfully secured the exclusive distribution and sales rights for all maca products produced by Jiangsu Kangduoyuan Beverage Co.,
Ltd., a leading maca production base in Asia. These products include Maca Peptide Coffee, Maca-Noni, Maca Wine, Maca Purified Powder,
and other full-range offerings. Through a comprehensive digital marketing strategy, CIMG is optimistic in its ability to achieve sales
growth and enhance the Company’s enterprise value.

CIMG’s
PRC subsidiary, Beijing Zhongyan, has signed contracts with multiple PRC-based distribution companies