Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 291

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1
Chunk 291
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 (the “Agreement”) with Shanghai Huomao Cultural Development Co., Ltd.
(“Huomao”). Pursuant to the Agreement, the three shareholders of Huomao intend to transfer an aggregate of 51% of their equity
interest in Huomao to Zhongyan in exchange for 200,000 shares of Common Stock. The Common Stock shall be subject to a six-month lock-up
period.

On March 21, 2025, Zhongyan Shangyue Technology
Co., Ltd. established a wholly-owned subsidiary, Henan Zhongyan Shangyue Technology Co. Ltd.

On March 27, 2025, Zhongyan Shangyue Technology
Co., Ltd. entered into a Business Cooperation Intent Agreement (the “Agreement”) with Xilin Online (Beijing) E-commerce Co.,
Ltd (“Beijing Xilin”). Pursuant to the Agreement, certain shareholders of Beijing Xilin intend to transfer an aggregate of
51% of their equity interest in Beijing Xilin to Zhongyan.

On March 31, 2025, the Company completed its
acquisition of Beijing Xilin, along with the necessary business registration updates in China.

On April 22, 2025, the Company completed its
acquisition of Shanghai Huomao, along with the necessary business registration updates in China.

F-22