- **CIMG Inc.** (Nasdaq: **IMG**) announced the establishment of its Hong Kong subsidiary, **Braincoin Limited**, on **September 30, 2025**, to expand into the **global computing power industry** and advance its **AI initiatives**.  **[1527613_0001493152-25-016692_ex99-1.htm:0]** **[1527613_0001493152-25-016692_form8-k.htm:1]** 
- Braincoin will serve as a key hub connecting mainland China with international markets.  **[1527613_0001493152-25-016692_ex99-1.htm:0]** 
- Starting in **October 2025**, Braincoin is expected to operate under three business models: **AI Computing Centers**, offering full-stack solutions for AI model training and generative AI applications; **AI Models**, providing customized multi-modal enterprise AI assistants; and **Managed Services** for existing AI computing center clients.  **[1527613_0001493152-25-016692_ex99-1.htm:0]**

CIMG Inc. Establishes Hong Kong Subsidiary Braincoin Limited for AI and Computing Power Expansion

- CIMG Inc. announced the **establishment of Braincoin Limited**, a new Hong Kong subsidiary, on **September 30, 2025**.  **[1527613_20250930CN86931:0]** 
- This strategic move aims to **expand CIMG's presence in the global computing power industry** and advance its AI initiatives.  **[1527613_20250930CN86931:0]** 
- Beginning in October, Braincoin will operate under **three business models**: AI Computing Centers, AI Models (customized AI assistants), and Managed Services for existing AI computing centers.  **[1527613_20250930CN86931:0]** 
- Braincoin will serve as a **key hub connecting mainland China with international markets**, fostering collaboration with global partners for AI development and deployment.  **[1527613_20250930CN86931:0]**

CIMG Establishes Hong Kong Subsidiary Braincoin Limited

- CIMG Inc. entered into a Memorandum of Understanding (MOU) with iZUMi Group Ltd. on **September 16, 2025**, to launch the **Upstarts Fund**, an on-chain Crypto fund.  **[1527613_0001493152-25-014206_ex99-1.htm:0]** **[1527613_0001493152-25-014206_form8-k.htm:2]** 
- The Fund is designed to enable corporations to deploy capital into digital assets through a regulated and transparent framework, with CIMG Inc. and iZUMi Finance jointly committing **$20 million**.  **[1527613_0001493152-25-014206_ex99-1.htm:0]** **[1527613_0001493152-25-014206_form8-k.htm:1]** **[1527613_0001493152-25-014206_form8-k.htm:2]** 
- The completion of this transaction is contingent on satisfactory due diligence, negotiation of definitive documentation, and customary closing conditions, meaning there is no guarantee it will be consummated.  **[1527613_0001493152-25-014206_form8-k.htm:2]**

CIMG Inc. Enters MOU with iZUMi to Launch Upstarts Fund

- CIMG Inc. has entered into a memorandum of understanding (MOU) with iZUMi Group Ltd. to launch the **Upstarts Fund**, an on-chain Crypto fund.  **[1527613_20250917CN76092:0]** 
- The **Upstarts Fund** is designed to enable corporations to deploy capital into digital assets through a regulated and transparent framework.  **[1527613_20250917CN76092:0]** 
- CIMG and iZUMi Finance will jointly commit **$20 million** to the Fund.  **[1527613_20250917CN76092:0]** 
- CIMG views the Fund as a strategic step to diversify treasury assets and capture new yield opportunities.  **[1527613_20250917CN76092:0]**

- CIMG Inc. has entered into a definitive Securities Purchase Agreement to sell **$55 million** of its common stock.  **[1527613_0001641172-25-025794_ex99-1.htm:0]** 
- In exchange, the company will receive **500 Bitcoin** from **nine non-U.S. investors**.  **[1527613_0001641172-25-025794_ex99-1.htm:0]** 
- The transaction involves issuing **220 million shares** at a price of **$0.25 per share**, which values each Bitcoin at **$110,000**.  **[1527613_0001641172-25-025794_ex99-1.htm:0]** 
- This strategic move is part of CIMG's new **dual-pillar strategy** focusing on cryptocurrency reserves and wellness industries, aimed at diversifying its business model and revenue sources.  **[1527613_0001641172-25-025794_ex99-1.htm:0]** 
- The settlement of this transaction is anticipated in **early September**.  **[1527613_0001641172-25-025794_ex99-1.htm:0]**

CIMG Inc. Announces Sale of Common Stock for Bitcoin

- CIMG Inc. entered into a Convertible Note Purchase Agreement on **August 21, 2025**, for the private placement of convertible promissory notes with certain non-U.S. investors.  **[1527613_0001641172-25-025554_ex10-1.htm:0]** **[1527613_0001641172-25-025554_form8-k.htm:1]** 
- The key terms of the convertible promissory notes are as follows:

| Metric | Q3 2025 |
|:---|:---|
| Aggregate Principal Amount ($USD) | **$4,000,000**  **[1527613_0001641172-25-025554_form8-k.htm:1]** **[1527613_0001641172-25-025554_ex10-1.htm:1]**  |
| Annual Interest Rate (%) | **7%**  **[1527613_0001641172-25-025554_form8-k.htm:1]** **[1527613_0001641172-25-025554_ex10-1.htm:1]**  |
| Maturity Date | **August 31, 2026**  **[1527613_0001641172-25-025554_form8-k.htm:1]** **[1527613_0001641172-25-025554_ex10-1.htm:1]**  |
| Conversion Price ($USD) | **$0.24**  **[1527613_0001641172-25-025554_form8-k.htm:1]** **[1527613_0001641172-25-025554_ex10-1.htm:1]** **[1527613_0001641172-25-025554_ex10-2.htm:1]**  |
| Closing Date | **September 5, 2025**  **[1527613_0001641172-25-025554_form8-k.htm:1]** **[1527613_0001641172-25-025554_ex10-1.htm:1]**  |

- The issuance of these notes relies on the registration exemptions of **Regulation S**, and the company will use commercially reasonable efforts to file a registration statement on Form S-1 for the resale of the conversion shares within **60 business days** after the Effective Date.  **[1527613_0001641172-25-025554_ex10-1.htm:0]** **[1527613_0001641172-25-025554_form8-k.htm:1]** **[1527613_0001641172-25-025554_ex10-1.htm:1]**

CIMG (IMG)