Company: IMG
Filing Date: 2025-07-30
Form Type: 10-K/A
Source: 0001641172-25-021542
Chunk: 120

Company: CIMG Inc.
Filing Date: 2025-07-30
Form: 10-K/A
Chunk 120
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| Property and equipment, net: |     |   |               |     |   |               |
| North America                |     | $ |         2,268 |     | $ |       184,763 |
| Property and equipment, net  |     | $ |         2,268 |     | $ |       184,763 |

5. RELATED PARTY TRANSACTIONS

On August 20, 2024, the Company entered into a convertible note purchase agreement (the “Purchase Agreement”) with certain investors (the “August Notes Investors”) to issue and sell convertible notes in the aggregate principal amount of $ 1,300,000(the “August Notes”). Among the investors, the owner of METAVERSE INTELLIGENCE TECH LTD is a director of Wewin Technology LLC, a subsidiary
of CIMG INC.

As of September 30, 2024, the directors of Wewin Technology LLC paid an administrative fee of $7,500 on behalf
of CIMG INC.

During the year ended September 30, 2024, the relevant
trading volume generated by CIMG Inc was $326,720.

During the year ended September 30, 2023, NuZee
KOREA Ltd sold single serve pour over and coffee brew bag coffee products worth $648, to Mystery Golf Ltd., a company owned by the
chief executive officer of NuZee KOREA Ltd.

6. DISCONTINUED OPERATIONS

On June 7, 2024, the company’s board of directors passed a resolution to sale (1) NuZee KOREA Ltd a company incorporated in Korea and a wholly-owned subsidiary of the Company; and (2) NuZee Investment Co., Ltd, a company incorporated in Japan and a wholly-owned subsidiary of the Company, and the total price is $ 10,000. The sale of the subsidiaries and discontinue in operation result in a gain of $ 3,639,644. The discontinuation of the business is primarily due to strategic considerations by the management regarding the company’s overall development, as well as the need to ensure administrative consistency.

The losses from discontinued operations for the year ended September 30, 2024 and September 30, 2023 are as follows:

SCHEDULE OF LOSSES FROM ASSET DISPOSAL OF DISCONTINUED OPERATIONS

|                                                     |     |   | Year Ended 
  30-Sep-24 |   |     |   | Year