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Item 8.01 Other Events
On August 1, 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 Shenzhen Zhimeng Qiyang Technology Co., Ltd. (“Shenzhen”). Pursuant to the Agreement, certain shareholders of Shenzhen intend to transfer an aggregate of 51% of their equity interest in Shenzhen to Zhongyan (the “Transfer”) at a total company valuation of RMB13,000,000. The parties to the Agreement plan to consummate the Transfer within 15 calendar days from the date of the Agreement.
Upon the date of signing, both parties agreed that Mr. Li Shengqing shall be appointed as Chief Executive Officer of Shenzhen, continuing to oversee Shenzhen’s daily operations. Upon completion of the Transfer, Shenzhen’s employees shall be integrated into the Company’s corporate group. Additionally, the parties agree to establish a decision-making committee, which shall unanimously approve any Shenzhen’s transaction exceeding RMB200,000. The committee shall comprise three members: Ms. Yanli Hou nominated by Zhongyan, Mr. Li Shengqing, and Mr. Yang Min nominated by Shenzhen.
Furthermore, the parties propose that CIMG grant incentive shares to Shenzhen’s employees based on Shenzhen’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.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| CIMG Inc. | ||
| Dated: August 26, 2025 | By: | /s/ Jianshuang Wang |
| Name: | Jianshuang Wang | |
| Title: | Chief Executive Officer | |