Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 172

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1
Chunk 172
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 by domestic companies.
According to the New Filing Rules, (i) an overseas offering and listing by a domestic company, whether directly or indirectly, shall
be filed with the CSRC; and (ii) the issuer or its affiliated domestic company, as the case may be, shall file with the CSRC for its
initial public offering, follow-on offering, issuance of convertible bonds, offshore relisting after go-private transactions and other
equivalent offing activities. In addition, after a domestic company has offered and listed securities in an overseas markets, it is required
to file a report to the CSRC after the occurrence and public disclosure of certain material corporate events, including but not limited
to change of control and voluntary or mandatory delisting. From March 31, 2023, enterprises that have been listed overseas shall constitute
existing enterprises and are not required to conduct the overseas listing filing procedure immediately, but shall carry out filing procedures
as required if they conduct future offshore offerings or capital raising activities or are involved in other circumstances that require
filing with the CSRC.

On
February 24, 2023, the CSRC, together with other relevant government authorities, issued the Provisions on Strengthening Confidentiality
and Archives Administration of Overseas Securities Offering and Listing by Domestic Companies, or the Archives Rules, which became effective
on March 31, 2023. According to the Archives Rules, domestic mainland China companies, whether offering and listing securities overseas
directly or indirectly, must strictly abide the applicable laws and regulations when providing or publicly disclosing, either directly
or through their overseas listed entities, documents and materials to securities companies, securities services providers such as accounting
firms, or overseas regulators in the process of their overseas offering and listing. If such documents or materials contain any state
secrets or government authorities work secrets, domestic companies must obtain the approval from competent governmental authorities according
to the applicable laws, and file with the secrecy administrative department at the same level with the approving governmental authority.
Furthermore, the Archives Rules also provides that securities companies and securities service providers shall also fulfill the applicable
legal procedures when providing overseas regulatory institutions and other relevant institutions and individuals with documents or materials
containing any state secrets or government authorities work secrets or other documents or materials that, if divulged, will jeopardize
national security or public interest.

A
slowdown or other adverse developments in the PRC economy may harm our customers and the demand for our services and our products.

Part
of our