CIMG subsidiary to acquire 51% of Shenzhen Zhimeng Qiyang at RMB 13M valuation

CIMG Inc.

Zhongyan (CIMG's wholly-owned sub) will buy 51% equity in Shenzhen for total company valuation of RMB 13,000,000.
Transfer expected to close within 15 calendar days of the August 1, 2025 agreement date.
Li Shengqing appointed as Shenzhen's CEO post-closing; employees will integrate into CIMG group.
Decisions exceeding RMB 200,000 require unanimous approval of a 3-member committee (Hou Yanli, Li Shengqing, Yang Min).
Proposal to grant incentive shares to Shenzhen employees based on future sales performance, terms to be determined.

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