Company: IMG
Filing Date: 2025-03-28
Form Type: 8-K
Source: 0001641172-25-001023
Chunk: 1

Company: CIMG Inc.
Filing Date: 2025-03-28
Form: 8-K
Item: Item 8.01
Chunk 1
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Item
8.01 Other Events

On
March 27, 2025, Zhongyan Shangyue Technology Co., Ltd. (“ Zhongyan”), CIMG Inc.’s (the “ Company”)
wholly-owned subsidiary, entered into a Business Cooperation Intent Agreement (the “ Agreement”) with Xilin Online (Beijing)
E-commerce Co., Ltd (“ Xilin”). Pursuant to the Agreement, certain shareholders of Xilin intend to transfer an aggregate of
51% of their equity interest in Xilin to Zhongyan (the “ Transfer”). The parties to the Agreement plan to consummate the Transfer
within 15 calendar days from the date of the Agreement.

Upon
completion of the Transfer, Xilin’s employees shall be integrated into the Company’s corporate group, and both parties
agree that Mr. Tianyong Lyu shall be appointed as Chief Executive Officer of Xilin, continuing to oversee Xilin’s daily
operations. Additionally, the parties agree to establish a decision-making committee, which shall unanimously approve any
Xilin’s transaction exceeding RMB200,000. The committee shall comprise three members: Ms. Yanli Hou nominated by Zhongyan,
Mr. Tianyong Lyu, and Mr. Rui Shao nominated by Xilin.

Furthermore,
the parties propose that CIMG grant incentive shares to Xilin’s employees based on Xilin’s sales performance following the
completion of the Transfer, with the specific performance criteria and the terms of such incentive share grants to be determined through
future agreements.

Item
9.01 Financial Statement and Exhibits