Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 638

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 5
Chunk 638
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 “CIMG Inc.” and “IMG”
in October 2024. We previously focused on specialty coffee and related technologies but are now expanding our sales and distribution
channels in Asia to encompass a broader range of consumer food and beverage products. This expansion is fueled by our online sales platform,
which leverages a natural language search function.

On
June 7, 2024, we entered into a Share Purchase Agreement (“Share Purchase Agreement”) with Masateru Higashida, our former
Chief Executive Officer and Director, under which we sold all issued and outstanding shares of our wholly-owned subsidiaries, NuZee KOREA
Ltd. and NuZee Investment Co., Ltd., to Mr. Higashida, which sale was completed in June 2024.

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.

50

Maca,
a plant of the Brassicaceae family that originated in South America, has oval leaves and a rootstock shaped like a small round radish.
It is edible and renowned as a natural superfood. Maca is rich in nutrients, boasts high levels of essential nutrients, and is believed
to nourish and strengthen the human body. It is often referred to as “South American ginseng.” The primary cultivation regions
for maca include the Andes Mountains in South America and the Jade Dragon Snow Mountain in Lijiang, Yunnan, China.

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
aims to become a leading distributor of premium maca products, a natural superfood known for its numerous health benefits. Our business
focuses on sourcing, marketing, and distributing a wide range of maca-based dietary supplements, functional foods, and beauty products.
We operate with a commitment to providing high-quality, sustainably sourced