CIMG Inc. filed SEC Form 8-K: Regulation FD Disclosure, Other Events, Financial Statements and Exhibits
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Item 7.01 Regulation FD Disclosure.
On March 27, 2025, the Company issued a press release announcing a Business Cooperation Intent Agreement with Xilin Online (Beijing) E-commerce Co., Ltd. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K.
The information set forth in this Current Report on Form 8-K and the attached Exhibit 99.1 is being furnished and shall not be deemed “filed” for purposes of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing. The furnishing of this information hereby shall not be deemed an admission as to the materiality of any such information.
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
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release announcing Business Cooperation Intent Agreement with Xilin Online (Beijing) E-commerce Co., Ltd. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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: March 27, 2025 | By: | /s/ Jianshuang Wang |
| Name: | Jianshuang Wang | |
| Title: | Chief Executive Officer | |