Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 570

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 4
Chunk 570
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 their resignation
or until otherwise determined by the CIMG Board.

60

Audit
Committee

CIMG’s
audit committee consists of Changzheng Ye, Yanli Hou and Jinmei Guo Hellstroem. The parties have determined that each member of the audit
committee satisfies the independence requirements under the Nasdaq Listing Rules and Rule 10A-3(b)(1) of the Exchange Act. The chair
of the audit committee is Changzheng Ye. The parties have determined that Yanli Hou is an “audit committee financial expert”
within the meaning of SEC regulations. Each member of the audit committee can read and understand fundamental financial statements in
accordance with applicable listing standards. In arriving at these determinations, the parties have examined each audit committee member’s
scope of experience and the nature of his or her employment. The primary purpose of the audit committee is to discharge the responsibilities
of the Board with respect to corporate accounting and financial reporting processes, systems of internal control, and financial statement
audits, and to oversee our independent registered public accounting firm. Specific responsibilities of the audit committee include:

    ●
    helping
    the Board oversee the corporate accounting and financial reporting processes;

    ●
    managing
    and/or assessing the selection, engagement, qualifications, independence, and performance of a qualified firm to serve as the independent
    registered public accounting firm to audit CIMG’s consolidated financial statements;

    ●
    discussing
    the scope and results of the audit with the independent registered public accounting firm, and reviewing, with management and the
    independent accountants, CIMG’s interim and year-end operating results;

    ●
    developing
    procedures for employees to submit concerns anonymously about questionable accounting or audit matters;

    ●
    reviewing
    related party transactions;

    ●
    reviewing
    CIMG’s policies on risk assessment and risk management;

    ●
    reviewing,
    with the independent registered public accounting firm, CIMG’s internal quality control procedures, any material issues with
    such procedures and any steps taken to deal with such issues; and

    ●
    pre-approving
    audit and permissible non-audit services to be performed by the independent registered public accounting firm.

CIMG’s
audit committee operates under a written charter that satisfies the applicable Nasdaq Listing Rules.

Compensation
Committee

CIMG’s
compensation committee consists of Jinmei Guo Hellstroem, Zongmei Huang and Jianshuang Wang