Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 487

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 3
Chunk 487
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 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. The chair of the compensation committee
is Zongmei Huang. The parties have determined that each member of the compensation committee satisfies the independence requirements
under the Nasdaq Listing Rules, and is a “non-employee director” as defined in Rule 16b-3 promulgated under the Exchange
Act. The primary purpose of CIMG’s compensation committee is to discharge the responsibilities of the Board in overseeing
CIMG’s compensation policies, plans, and programs and to review and determine the compensation to be paid to CIMG’s
executive officers, directors, and other senior management, as appropriate. Specific responsibilities of the compensation committee
include:

    ●
    reviewing
    and recommending to the Board the compensation of executive officers;

    ●
    reviewing
    and recommending to the Board the compensation of directors;

    ●
    administering
    CIMG’s equity incentive plans and other benefit programs;

    ●
    reviewing,