CIMG Subsidiary Signs $2.59M Wood Chip Sales Agreement with Yuncheng Trading
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6h ago
0mins
CIMG Inc. subsidiary Shenzhen Zhimeng has entered into a sales agreement with Zhangzhou Yuncheng Trading under which 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%. Total contract value is approximately $2.59M. Zhimeng expects to complete delivery by February 28.
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About IMG
CIMG Inc., formerly NuZee, Inc., is a digital marketing, sales and distribution company for various consumer products with focuses on food and beverages. The Company focuses on specialty coffee and technologies. The Company's products include single serve pour over, coffee brew bag coffee products, and single serve coffee format, DRIPKIT pour over products. Its DRIPKIT pour over format features a large-size single serve pour over pack that sits on top of the cup and delivers to its customers in the United States, Canada and Mexico. The Company also sells single serve coffee products, including its flagship Coffee Blenders line of both single serves pour over coffee and coffee brew bag coffee products. Coffee Blenders also offers Coldpresso latte product line that is available to purchase in Korea and online. The Company sells its Twin Peaks single serve pour over coffee exclusively via Amazon. It has a sales and distribution network for maca infused food and beverages.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
CIMG Signs Sales Agreement with Yuncheng Trading
- Sales Agreement Signed: CIMG's subsidiary, Shenzhen Zhimeng Qiyang Technology Co., Ltd., has entered into a sales agreement with Yuncheng Trading to supply approximately 15,000 metric tons of wood chips, valued at about $2.59 million, with delivery expected by February 28, 2026, thereby further stabilizing the company's raw material supply chain.
- Strategic Alignment: CIMG's Chairperson and CEO, Alice Wang, stated that this agreement helps establish long-term, stable relationships with upstream and downstream partners, aligning with the company's strategic development objectives and demonstrating solid growth across all business lines.
- Financial Performance Outlook: The agreement is expected to positively impact CIMG's financial performance, enhancing its market competitiveness in the digital health and sales development sectors.
- Compliance Progress: CIMG is working diligently to complete and file its annual report promptly to regain compliance with listing requirements, ensuring the company's continued operation and growth in the market.
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CIMG Signs Wood Chip Sales Agreement with Yuncheng Trading
- Sales Agreement Signed: CIMG's subsidiary, Shenzhen Zhimeng Qiyang Technology Co., Ltd., has entered into a sales agreement with Zhangzhou Yuncheng Trading Co., Ltd. to supply approximately 15,000 metric tons of wood chips valued at about $2.59 million, with delivery expected by February 28, 2026, thereby enhancing the stability of the company's raw material supply chain.
- Strategic Alignment: CIMG's Chairperson and CEO, Alice Wang, stated that the signing of this agreement helps establish long-term, stable relationships with upstream and downstream partners, aligning with the company's strategic development objectives and further driving steady growth across all business lines.
- Financial Performance Outlook: The sales agreement is expected to positively impact CIMG's financial performance, particularly by stabilizing the raw material supply chain, which will help the company maintain its competitive edge in a challenging market.
- Compliance Progress: CIMG is actively addressing the delayed submission of its annual report, aiming to complete and file it as soon as possible to regain compliance with listing requirements, ensuring the continued stability of the company's operations.
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