M&A - NuZee, Inc.

Form Type: 8-K

Filing Date: 2025-03-28

Corporate Action: Acquisition

Type: New

Accession Number: 000164117225001023

Filing Summary: On March 27, 2025, CIMG Inc. announced a Business Cooperation Intent Agreement with Xilin Online (Beijing) E-commerce Co., Ltd. This agreement involves the transfer of an aggregate of 51% equity interest in Xilin to Zhongyan Shangyue Technology Co., Ltd., a wholly-owned subsidiary of CIMG Inc. The transfer is expected to be completed within 15 calendar days. Post-transfer, Xilin’s employees will be integrated into CIMG Inc.'s corporate group. Mr. Tianyong Lyu will be appointed Chief Executive Officer of Xilin, overseeing its daily operations. A decision-making committee will be established for Xilin, requiring unanimous approval for significant transactions exceeding RMB200,000. Additionally, CIMG plans to grant incentive shares to Xilin’s employees based on their sales performance after the transfer, with details to be determined later.

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Form Type: 8-K

Filing Date: 2025-03-14

Corporate Action: Acquisition

Type: New

Accession Number: 000149315225010291

Filing Summary: On March 10, 2025, CIMG Inc.'s wholly-owned subsidiary, Zhongyan Shangyue Technology Co., Ltd., signed a Business Cooperation Intent Agreement with Shanghai Huomao Cultural Development Co., Ltd. Consequently, the shareholders of Huomao plan to transfer 51% of their equity interest to Zhongyan in exchange for 200,000 shares of CIMG's common stock. The stock will be subject to a six-month lock-up period. The transfer is expected to be finalized within 15 days from the agreement date. Furthermore, Huomao's employees will be integrated into CIMG, with Xiaocheng Hao appointed as their CEO. A decision-making committee will oversee transactions exceeding RMB 200,000. There are also plans for CIMG to grant incentive shares to Huomao's employees based on performance after the transfer.

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