CIMG Inc. Director Resigns; Dongwei Li Appointed as Audit Chair

What Happened

• CIMG Inc. announced that director Changzheng Ye resigned from the Board and all Board committees effective September 8, 2026; the Company says his resignation was for personal reasons and not due to any disagreement with the Company.
• The Board appointed Dongwei Li as an independent director on September 10, 2026, effective September 11, 2026. Mr. Li was also appointed a member and Chair of the Board’s Audit Committee, effective September 11, 2026.

Key Details

• Resignation date: September 8, 2026 (Changzheng Ye).
• Appointment effective date: September 11, 2026 (Dongwei Li); appointment announced September 10, 2026.
• Director compensation: Dongwei Li will receive $25,000 per year under a director offer letter dated September 11, 2026.
• Background on new director: Dongwei Li, 35, co‑founder of Zeen Tendering and Procurement (Guangdong) Co., Ltd. since Jan 2021; previously Director of Major Projects at Shenzhen Pagoda Industrial (Group) Corp. Ltd. (2015–2020); B.S. in Computer Science and Technology from Zhengzhou University (2009).
• The Company entered into a director offer letter and an indemnification agreement with Mr. Li (filed as exhibits).

Why It Matters

• Board composition and committee leadership changed: the appointment of an independent director and new Audit Committee Chair may affect oversight of financial reporting and controls—key governance roles investors monitor.
• The filing provides concrete, non‑material financial impact (director pay of $25,000/year) and affirms the resignation was not due to disagreements with management, which helps reduce immediate governance uncertainty.
• Investors should note the change in audit committee leadership for any future disclosures about financial reviews, audits, or governance-related items.