CIMG Inc. Announces Signing of Approximately $2.59 Million Sales Contract for Environmentally Friendly Wood Chip Raw Materials

Rhea-AI Summary

CIMG (Nasdaq: IMG) subsidiary Shenzhen Zhimeng Qiyang signed a sales agreement to deliver approximately 15,000 bone-dry metric tons of wood chips (eucalyptus, acacia, mixed) to Zhangzhou Yuncheng Trading, with a variance of up to 10% and a total contract value of approximately US$2.59 million.

Zhimeng expects to complete delivery by February 28, 2026. The company said the agreement should help stabilize its raw material supply chain and contribute positively to financial performance; CIMG noted it is working to file its delayed annual report to regain listing compliance.

Argus Jan 29 session

-5.60% close to close Open Argus

Details

News Market Reaction – IMG

On Jan 29, the day this news came out, IMG closed 5.60% below the previous close.

Data tracked by StockTitan Argus for the Jan 29 session.

Market Context

On Jan 29, the day this news came out, the stock closed 5.6% below the previous close. A negative re...

Analysis

On Jan 29, the day this news came out, the stock closed 5.6% below the previous close. A negative reaction despite this new US$2.59 million wood chip contract would fit a pattern where operational announcements did not always support the share price. Past news on supplier wins and brand recognition sometimes coincided with declines. In that context, concerns around execution, financing structure, and recent listing-compliance disclosures could overshadow incremental contract wins and contribute to skepticism about the durability of any single commercial agreement.

Key Figures

Contract value: US$2.59 million Wood chip volume: 15,000 bone-dry metric tons Volume variance: 10% +1 more

Contract value

US$2.59 million

Total value of new wood chip sales agreement

Wood chip volume

15,000 bone-dry metric tons

Total wood chips to be supplied under contract

Volume variance

10%

Allowed variance in contracted wood chip tonnage

Delivery deadline

February 28, 2026

Expected completion date for contract deliveries

Historical Context

5 past events · Latest: Jan 20

5 events

1. Jan 20

   Brand award

   24h Move

   -7.1%

   Baijiu brand Huo Mao received a 2025 craftsmanship heritage award in China.

2. Jan 05

   Computing contracts

   24h Move

   +1.7%

   Entry into computing power industry with initial contracts totaling about $124 million.

3. Dec 29

   Share authorization

   24h Move

   -7.6%

   Stockholders approved a large increase in authorized shares and units for up to $850M.

4. Dec 22

   Supplier shortlisting

   24h Move

   -9.2%

   Subsidiary shortlisted as supplier candidate for Guangzhou Bank equipment procurement.

5. Dec 17

   Bitcoin acquisition

   24h Move

   +19.7%

   Company bought 230 Bitcoin, bringing total holdings to 730 using internal capital.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

bone-dry metric tons

1 terms

bone-dry metric tons technical

"supply a total of approximately 15,000 bone-dry metric tons of wood chips"

Bone-dry metric tons measure the mass of a bulk material after removing all moisture, expressed in metric tons (1,000 kilograms). Investors use this because moisture changes the apparent weight and usable content of commodities—like the difference between a wet sponge and the same sponge after it’s dried—so pricing, inventory levels, shipping costs and production yields are quoted on a dry basis to give a consistent, comparable measure of actual material value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HONG KONG, Jan. 29, 2026 /PRNewswire/ -- CIMG Inc. ("CIMG" or the "Company") (Nasdaq: IMG), a business group specializing in digital health and sales development, which utilizes technologies and marketing networks to enhance its business partners' sales growth and commercial value, today announced that its subsidiary, Shenzhen Zhimeng Qiyang Technology Co., Ltd. ("Zhimeng"), has entered into a sales agreement with Zhangzhou Yuncheng Trading Co., Ltd. ("Yuncheng Trading").

Under such agreement, Zhimeng will supply a total of approximately 15,000 bone-dry metric tons of wood chips, including eucalyptus, acacia, and mixed wood chips, to Yuncheng Trading, subject to a variance of up to 10%. Based on the pricing terms stipulated in the agreement, the total contract value is approximately US$2.59 million. Zhimeng expects to complete delivery by February 28, 2026. The execution of this agreement is expected to further stabilize the Company's raw material supply chain and contribute positively to its financial performance.

Alice Wang, Chairperson of the Board and Chief Executive Officer of CIMG Inc., stated, "The signing of this sales agreement helps the Company establish long-term, stable relationships with upstream and downstream partners, which aligns with our strategic development objectives. Currently, the Company is operating soundly, with steady performance growth across all business lines. Regarding the delayed submission of the annual report, the Company is working to complete and file the report as soon as practicable in order to regain compliance with listing requirements."

About CIMG

CIMG is a business group specializing in digital health and sales development, with a cryptocurrency-focused strategy. The Company leverages AI and cryptocurrencies (such as Bitcoin and stablecoins) to drive business growth, helping clients maximize user growth and enhance brand management value. The Company's current client portfolio includes brands such as Kangduoyuan, Maca-Noni, Qianmao, Huomao, and Coco-mango.

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 related to the execution, timing, and realization of supply and sales contracts, 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 its Annual Reports, Quarterly Reports, registration statements, and other filings with the Securities and Exchange Commission.

For more information, please contact:

CIMG Inc.
+ 852 70106695
http://www.ccmg.tech
ir@ccmg.tech 

 

View original content:https://www.prnewswire.com/news-releases/cimg-inc-announces-signing-of-approximately-2-59-million-sales-contract-for-environmentally-friendly-wood-chip-raw-materials-302674036.html

SOURCE CIMG Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the key terms of the CIMG (IMG) wood chip sales agreement signed January 29, 2026?

The contract covers about 15,000 bone-dry metric tons of wood chips with a ±10% variance and totals approximately US$2.59 million. According to CIMG, delivery is expected to be completed by February 28, 2026, and products include eucalyptus, acacia, and mixed wood.

How will the US$2.59 million contract affect CIMG (IMG) supply chain stability?

The company said the agreement should help stabilize its raw material supply chain by securing a defined volume and delivery timeline. According to CIMG, the binding sales terms and expected February 28, 2026 completion provide predictable sourcing and revenue visibility for the near term.

When does CIMG (IMG) expect to complete delivery under the Zhangzhou Yuncheng Trading contract?

CIMG expects to complete delivery by February 28, 2026, under the agreement. According to CIMG, the delivery schedule covers the full ~15,000 bone-dry metric tons (subject to a 10% variance), providing a clear near-term fulfillment deadline for the seller and buyer.

What product types are included in CIMG (IMG)'s wood chip contract with Yuncheng Trading?

The contract includes eucalyptus, acacia, and mixed wood chips as the supplied raw materials. According to CIMG, these wood chip types are specified in the sales agreement covering approximately 15,000 bone-dry metric tons with a contract value near US$2.59 million.

Did CIMG (IMG) comment on its annual report and compliance in relation to the January 29, 2026 announcement?

CIMG said it is working to complete and file its delayed annual report to regain compliance with listing requirements. According to CIMG, the company is operating soundly with steady performance growth while it addresses the delayed filing as soon as practicable.