Company: IMG
Filing Date: 2025-07-30
Form Type: 10-K/A
Source: 0001641172-25-021542
Chunk: 16

Company: CIMG Inc.
Filing Date: 2025-07-30
Form: 10-K/A
Chunk 16
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 create a strong emotional connection with consumers, turning them into long-term loyal customers.                                           |
| ● | Strengthening                                                                                                                               
 Distribution Channels: To expand our reach and ensure product availability, we will continue to strengthen and diversify our                
 distribution channels. We will focus on growing our e-commerce platform, optimizing the user experience. Additionally, we will increase     
 partnerships with both large and small retailers, expanding our presence in grocery stores, convenience stores, and vending machines.       
 We will also explore opportunities with international distributors and retailers to increase our product’s visibility in new                
 markets. Through effective supply chain management and collaboration with logistics partners, we will ensure that our products are          
 delivered efficiently and meet the growing demand in different regions. We aim to create a seamless, omnichannel shopping experience        
 for consumers, enabling them to purchase our products both online and in-store.                                                             |

Risks Associated with Our Business and History of Losses

We have incurred net losses since we commenced operations as CIMG Inc. in 2013, including net losses of $8.97 million and $8.75 million for the years ended September 30, 2024 and 2023, respectively. As of September 30, 2024, our accumulated deficit was approximately $82.34 million. We expect to incur significant sales and marketing expenses prior to recording sufficient revenue from our operations to offset existing expenses. In the United States, we expect to incur additional losses as a result of the costs associated with operating as an exchange-listed public company.

Recent Developments

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.

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’s PRC subsidiary, Beijing Zhongyan, has signed contracts with multiple PRC-based distribution companies, including Guangdong Jixinsheng Trading Co.,