Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 149

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1
Chunk 149
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 sales and catering services should obtain the
appropriate license in accordance with the law. Exemptions under specific circumstances: While licensing is required for most food production
and business activities, licensing is not required for the sale of edible agricultural products and for the sale of pre-packaged foods
only. Units and individuals that only sell prepackaged food shall be reported to the food safety supervision and administration department
of the local people’s government at or above the county level for the record. As stated in the previous report under the section
“Our customers and products”, all products sold by our company are pre-packaged products; moreover, our company obtained
the Food Business License issued by the Chaoyang District Market Supervision Administration of Beijing on August 23, 2024. The license
number is JY11105412762093, and the business scope includes pre-packaged food sales (and bulk food sales). All products of the Maca series
have been allowed to operate in China.

Corporate
Information

We
were incorporated in 2011 in Nevada as Havana Furnishings, Inc. NuZee Co. Ltd. was incorporated in 2011. NuZee Co. Ltd. merged into
Havana Furnishings, Inc. in 2013, at which time we changed our name to NuZee, Inc. In June 2020, our common stock commenced trading
on the Nasdaq Capital Market under the symbol “NUZE.” Prior to that, our Common Stock was quoted on the OTCQB
Marketplace under the same symbol. We changed our name to CIMG Inc. and our ticker symbol from “NUZE” to
“IMG” effective October 31, 2024. Our principal executive and administrative offices are located at Room R2, FTY D,
16/F, Kin Ga Industrial Building, 9 San On Street, Tuen Mun, Hong Kong., and our telephone number is + 85270106695.

The
Company received a notification letter from NASDAQ on January 23, 2024 (the “NASDAQ Notification Letter”), indicating that
the Company was not in compliance with NASDAQ Listing Rule 5550(b)(1) (the “Stockholders’ Equity Requirement”). The
NASDAQ Notification Letter stated that the Company failed to maintain a minimum of $2,500,000 in stockholders’ equity for continued
listing, as required by the Stockholders’ Equity Requirement.

Subsequently,
the Company completed a convertible note financing of $320