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CIMG Inc. Received Letters from Nasdaq regarding Deficiencies in the Minimum Bid Price and the Annual Report

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Beijing, China, January 22, 2025 — CIMG Inc. (“CIMG” or the “Company”) (NASDAQ: IMG), a company with a heritage in specialty coffee and an emerging business in broader consumer food and beverage products, announced that it received letters from Nasdaq regarding deficiencies in the minimum bid price and the annual report.

Minimum Bid Price Deficiency

On January 14, 2025, the Company received a notification letter (the “Minimum Bid Price Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“NASDAQ”) indicating that the Company is not in compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2). Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. The Minimum Bid Price Notice has no immediate effect on the listing of the Company’s common stock, par value $0.00001 per share (the “Common Stock”), which continues to trade on The Nasdaq Capital Market under the symbol “IMG.”

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days from the date of the Minimum Bid Price Notice, or until July 14, 2025, to regain compliance. If at any time before July 14, 2025, the closing bid price of the Common Stock closes at or above $1.00 per share for a minimum of 10 consecutive business days, NASDAQ will provide written notification that the Company has achieved compliance with the minimum bid price requirement, and the matter will be resolved.

If the Company does not regain compliance during the compliance period ending July 14, 2025, then NASDAQ may in its discretion determine to grant the Company an additional 180 calendar day period to regain compliance, provided that the Company on July 14, 2025 meets the continued listing requirement for market value of publicly held shares and all other applicable initial listing standards for The Nasdaq Capital Market, with the exception of the minimum bid price requirement, and will need to provide NASDAQ written notice of its intent to cure the deficiency during the second compliance period.

If the Company does not regain compliance within the allotted compliance period or periods, including any extensions that NASDAQ may determine to grant, NASDAQ will provide notice that the Common Stock will be subject to delisting. The Company would then be entitled to appeal that determination to a NASDAQ hearings panel. There can be no assurance that the Company will regain compliance with the minimum bid price requirement during the 180-day compliance period, secure a second period of 180 days to regain compliance or maintain compliance with the other NASDAQ listing requirements.

Annual Report Deficiency

On January 17, 2025, the Company received another notice (the “Annual Report Notice”) from NASDAQ indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because the Company did not timely file its Annual Report on Form 10-K for the period ended September 30, 2024 (the “Form 10-K”) with the Securities and Exchange Commission (the “SEC”). The Annual Report Notice has no immediate effect on the listing of the Company’s stock on Nasdaq, and it states that the Company is required to submit a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1) within 60 calendar days from the date of the Annual Report Notice. If the plan is accepted by Nasdaq, then Nasdaq can grant the Company up to 180 calendar days from the due date of the Form 10-K to regain compliance. In determining whether to accept such plan, Nasdaq will consider such things as the likelihood that the remedial filing, along with any subsequent periodic filing that will be due, can be made within the 180 day period, the Company’s past compliance history, the reasons for the late filing, other corporate events that may occur within our review period, the Company’s overall financial condition and its public disclosures. Any subsequent periodic filing that is due within the 180-day exception period must be filed no later than the end of the period.

Due to business and management restructuring, the Company needs additional time to complete its financial statements, notes to the financial statements, as well as to have the report reviewed by its accountants and attorneys. The Company continues to work diligently to enable the filing of the Form 10-K with the SEC as soon as reasonably practicable.

About CIMG Inc.

 

CIMG Inc. is a digital marketing, sales and distribution company for various consumer products with focuses on food and beverages. Dedicated to reshaping the digital marketing and distribution with technological applications, the Company endeavors to create greater commercial value for its business partners and therefore enhance its own enterprise value and shareholders’ value of their stake in the Company. The Company has a professional branding and marketing management system, which can quickly help partnering enterprises achieve their connection, management, and operation of marketing channels globally.

Forward-Looking Statements

This press release contains information about the Company’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary for its operations, and its ability to protect its intellectual property. The Company encourages you to review other factors that may affect its future results in the Company’s annual reports and in its other filings with the Securities and Exchange Commission.

For more information, please contact:

http://www.ccmg.tech

ir@ccmg.tech

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58Wealth’s User Satisfaction Reached Over 95% Last Year, Gaining Global Investor Trust

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On February 13th, the latest internal survey report revealed that in 2024, the user satisfaction of the global leading intelligent wealth management platform 58Wealth exceeded 95%, showcasing excellent market reputation and widespread recognition from investors. With advanced AI technology, solid investment strategies, and exceptional customer service, 58Wealth is earning the trust of global investors, solidifying its leading position in the global financial market.

In the past year, 58Wealth achieved over $20 billion in revenue from fixed-income investments, becoming a core growth driver for the platform. This achievement not only demonstrates the platform’s competitiveness in the wealth management field but also further proves the efficiency and reliability of its intelligent advisory model. Its AI investment system uses deep learning and big data analysis to accurately predict market trends, making it stand out in the fierce fintech competition and becoming the top choice for many investors.

58Wealth adheres to a “customer-centric” service philosophy, offering 24/7 customer support to ensure that investors can receive professional assistance at any time. In addition, the platform is supported by an experienced team of financial advisors who provide personalized investment plans. Whether for conservative or aggressive investors, 58Wealth offers wealth management solutions tailored to meet their needs.

Furthermore, 58Wealth always operates in compliance with regulations, strictly adhering to U.S. financial regulatory laws and holding multiple financial licenses. The company is regularly reviewed by regulatory authorities to ensure that all investment products and operations meet industry standards. This strict focus on compliance not only enhances the platform’s security but also strengthens investors’ trust in 58Wealth.

In addition to continuous improvements in technology and service, 58Wealth has made breakthrough progress in expanding its global market. The platform is now covering markets in North America, Europe, and Asia, providing efficient, transparent, and low-cost intelligent wealth management services to millions of users. With its global layout and strong market influence, 58Wealth is reshaping the new landscape of the wealth management industry.

Looking ahead, 58Wealth will continue to deepen AI technology innovation, optimize its intelligent advisory system, and improve the accuracy and flexibility of investment strategies. Additionally, the company plans to launch more innovative investment products and further upgrade its customer service system to enhance responsiveness and professionalism, meeting the increasingly diversified and personalized needs of global investors.

With outstanding AI technology, solid investment strategies, and high-quality customer service, 58Wealth has successfully gained widespread trust from global investors. As the platform continues to advance technological innovation and global expansion strategies, its leadership position in investment management will be further strengthened, providing global users with a more efficient, secure, and intelligent investment experience.

Company Name: 58Wealth

Websitehttps://58Wealth.com

Region: Denver, USA

 

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Wyndham Hotels and Resorts Continues Robust Growth in Asia Pacific in 2024

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World’s largest hotel franchising company set records by awarding 286 contracts and opening 220 new hotels across Asia-Pacific, representing 9% Y-O-Y net room growth

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Caption: Wyndham Hotels & Resorts opened 220 new hotels in Asia Pacific in 2024. Pictured, Wyndham Jomtien Pattaya, the first Wyndham® hotel in Pattaya.

Wyndham Hotels & Resorts, the world’s largest hotel franchising company with 25 brands and approximately 9,300 hotels, continued robust growth across Asia Pacific, unveiling today the region’s full-year results for 2024. Among the highlights: the Company awarded 286 contracts, opened 220 new hotels and registered 9% Y-O-Y net room growth, equivalent to approximately 19,000 rooms.

In 2024, the global travel market experienced a strong recovery, with the Asia-Pacific region becoming a key driver with a significant increase in market passenger traffic. Within the region, China effectively boosted the rapid recovery of the inbound tourism market by relaxing and help optimizing entry visa policies, injecting new vitality into the entire Asia-Pacific region. As of year-end 2024, Wyndham has over 1,870 open hotels across Asia Pacific. Wyndham’s commitment to growth in the region was further emphasized last month by a visit from Geoff Ballotti, President and CEO, Wyndham Hotels & Resorts.

During 17- 21 February 2025, Geoff visited four influential cities in the Asia-Pacific region—Shanghai, Taipei, Bangkok, and Singapore—where he participated in more than 20 project signing ceremonies and engaged in meetings with over 100 hotel owners from across the region. 

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Caption: Wyndham Hotels & Resorts President and CEO, Geoff Ballotti and Wyndham Hotels & Resorts Asia Pacific President, Joon Aun OOI, met with owners, hotel teams, partners and Wyndham APAC team members during the multi-day tour in the region.

“This year, we continued to witness robust growth in the tourism industry across Asia Pacific, positioning Wyndham to capitalize on the strong travel demand in the region. When you couple our commitment to growth with our ‘Owner First’ philosophy, we’re helping owners leverage the power of our brands to introduce new travel opportunities to guests—all while delivering on our mission of making hotel travel possible for all.” 

– Joon Aun OOI, President, Asia Pacific, Wyndham Hotels & Resorts

 

Milestone Openings

In 2024, Wyndham saw an increase in the number of contracts awarded across Asia Pacific of nearly 30% compared to 2023. Among them, the Company signed over 250 hotels in the important market of China. 

Key openings include:

Howard Johnson by Wyndham Pattaya JC ( Thailand ) 

Close to popular attractions like Pattaya Floating Market, Tiger Park and Nong Nooch Tropical Garden, the 193-room resort—Howard Johnson by Wyndham’s first in Thailand—offers travelers a tranquil retreat from the everyday. Rooms are modern in design featuring natural wood finishes, floor-to-ceiling windows with coastal views, as well as sitting areas and desk space for those mixing business and leisure travel. The hotel also offers pet friendly accommodations and more than 100 square meters of event space, offering travelers a relaxing getaway from urban life. 

La Vie D’or Hotel and Resort, Trademark Collection by Wyndham ( South Korea ) 

Nestled in the picturesque city of Hwaseong-si, the 190-room hotel is Wyndham’s first Trademark Collection® hotel in South Korea. The lush area surrounding the resort provides breathtaking landscapes outside of the nearby bustling city life for business and leisure travelers. Spanning an impressive 330,000 square meters, the resort includes a nine-hole golf course, a fitness center, saunas, swimming pools and dining facilities that serve a diverse array of international cuisines crafted by talented local chefs. 

Ramada by Wyndham Vientiane Central ( L aos ) 

The 110-room hotel is located in the city center and four kilometers from Wattay International Airport, which is reachable via an airport shuttle. Guests can enjoy the fitness center, outdoor pool, and rooftop restaurant during their stay. Surrounded by Vientiane’s famous attractions and bustling commercial areas like That Luang, and Vientiane Night Market Patuxai war monument (or Asian Arc de Triomphe), the hotel offers a perfect base for travelers to explore Laos’s history, culture, and urban convenience. 

Wyndham Garden Hotel Xixi Hangzhou (Mainland China) 

The 186-room hotel is located within a half-hour of the center of Hangzhou, adjacent to the prestigious Zhejiang University and Xixi National Wetland Park. With 1,500-square-meter flexible space, the hotel integrates large-scale conference and banquet venues, an elegant atrium, and luxurious guestrooms equipped with state-of-the-art amenities, helping provide a premium living experience for all guests.

Wyndham Garden Qionglai Downtown (Mainland China) 

Promising an immersive stay in the heart of Linqiong Ancient City, the 88-room hotel marks the first Wyndham Garden hotel in Qionglai City. Boasting a unique design that seamlessly blends in with the rich history of the ancient city, guests can enjoy a comfortable stay while absorbing the sights of cascading waterfalls, well-preserved Ming and Qing dynasty architecture in Pingle Ancient Town and tour fascinating Qiongyao Archaeological Site Park.  

Wyndham Jomtien Pattaya (Thailand) 

Situated moments away from the picturesque shores of Jomtien Beach, this 630-room hotel marks the arrival of the brand’s largest property in Thailand to date and the first hotel under Wyndham Hotels & Resorts in Pattaya market. Located in Thailand’s emerging holiday destination, guests can enjoy the perfect beach getaway and explore vibrant attractions such as the Pattaya Floating Market, Tiger Park and Nong Nooch Tropical Garden. 

The Wyndham Advantage

Growth across the Asia Pacific region builds on Wyndham’s mission of making hotel travel possible for all. With world-class operations, marketing, distribution, and other resources designed to put owners on the path to success, owners benefit from the Wyndham Advantage. Inclusive of more than $325 million in innovative technology investments over the past six years, owners have access to best-in-class technology from industry-leading providers, including next-gen property management systems, thus remaining competitive in the digital age. 

Furthermore, Wyndham has consistently demonstrated a profound understanding of consumers’ diverse needs and preferences, launching a series of marketing campaigns aimed at enhancing guest satisfaction and brand reputation. In Mainland China, guests experienced the first global intellectual property (IP) collaboration with Kungfu Panda 4 in April, inclusive of hotel décor and special meet-and-greets. Subsequently, in August, Wyndham announced a brand-new partnership with Harley-Davidson, the most desirable motorcycle and lifestyle brand in the world. Through the collaboration, Harley Owners Group (H.O.G.) members can enjoy up to a 20% discount at over 500 participating Wyndham Hotels & Resorts properties in the Asia-Pacific region, which attracts more guests to enroll in the Wyndham Rewards. By leveraging such partnerships to expand its member base, Wyndham Rewards is making it a preferred choice among a growing number of travelers.

Other campaigns focused on key discounts and promotions, such as the Workcation and Festival Retreats, offer exclusive benefits to approximately 114 million Wyndham Rewards enrolled members worldwide. These initiatives continue to enhance the appeal of the Wyndham Rewards program, encouraging more guests to embark on their next wonderful journey.

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Press Release

Wyndham Rewards Celebrates 5 Years of Member Month

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As the world’s largest hotel franchising company, Wyndham Hotels & Resorts is thrilled to unveil the fifth anniversary of “Member Month” with our most incredible offers yet! Get ready for a five-week celebration packed with exciting points giveaway contest, exclusive deals and premium perks, all crafted to deliver unforgettable experiences for our members. Whether you’re chasing wanderlust or exploring new horizons, this is your ticket to extraordinary travel adventures. Let the journey begin!

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This fifth-anniversary celebration of Wyndham Rewards Member Month features five themed weeks, with unique perks launching every Wednesday, encompassing discounted stays, bonus points, exclusive collaborations, and special travel packages. More than 114 million Wyndham Rewards members globally can enjoy a host of exclusive benefits across travel, shopping, and more.

Exclusive Member Benefits: Win 50,000 Points in our Giveaway Contest!

From now until March 31, play & win 50,000 Wyndham Rewardspoints—redeem for go free® stays at thousands of Hotels by Wyndham worldwide, online shopping and more! Follow Wyndham Rewards APAC on Facebook  and Instagram to enter. Don’t worry if you miss it — stay tuned for the monthly giveaway contest every 2nd Wednesday of the month starting April 2025, because #YouEarnedThis! 

From Now to May. 9: More Points for Longer Stays!

Earn 7,500 points by staying every 2 consecutive nights or completing 2 single nights, up to 15,000 points in total. For stays at hotels in Greater China (Hong Kong, Macao, and Taiwan included), enjoy an incredible 4x points per 2 consecutive nights. Travel more, earn more! 

Mar. 12 to Apr. 7: Members Save 20% or More when they Book Direct!

Stay 1 night and save 10%, stay 2 or more consecutive nights and save 15%, plus additional 5% on top with member rate when you book direct.

Mar. 19 to Apr. 19: Exclusive Savings for Mastercard Cardholder! 

From now until April 19, Mastercard cardholders who book 3 consecutive nights or more for a stay before June 18, enjoys a 65% discount with extra 3,000 Wyndham Rewards Points to supercharge their travel rewards and make every stay more valuable!

Mar. 26 to Apr. 30: One-Stop Booking for Unbeatable Deals!

Book hotels, flights, and car rentals all in one place to earn points for free stays. 

Apr. 2 to Apr. 30: Wyndham Retreats Week

Discover our hotel package featuring all inclusive, golf, and spa destination collections. 

 

*Terms and conditions apply to the Member Month offers.

As one of the fastest-growing hotel loyalty programs worldwide, Wyndham Rewards has achieved remarkable growth, nearly doubling its size in just five years, acting as a blue thread connecting our owners, brands, and guests as well, offering generous membership benefits and extensive redemption options. Wyndham Rewards Everyone!

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