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CIMG Inc. Announces Entry into Computing Power Industry; Initial Contracts with Aggregate Value of Approximately $124 Million
Prnewswire· 2026-01-05 14:20
Core Insights - CIMG Inc. has executed initial commercial contracts related to computing power, with a total contract value of approximately $124 million in Q4 2025, indicating a strategic shift towards technology-driven growth [1][2][3] Group 1: Strategic Deployment - The company has elevated its computing power business to a core strategy, recognizing its importance in the digital economy and its role in driving AI and big data analytics [2] - Mr. Wenlong Tong has been appointed as President to lead the expansion of the computing power business, aiming to transform technological capabilities into sustainable market competitiveness [2][3] Group 2: Initial Contracts and Commercial Progress - CIMG's subsidiary, Xinmiao Shidai, was shortlisted for a server procurement tender by Guangzhou Bank with a benchmark bid of approximately $15.95 million, although this does not guarantee a contract [4] - A sales contract valued at approximately $106.5 million was signed by Zhongyan Shangyue Technology Co., Ltd., subject to inspection and acceptance [5] - Two separate sales contracts for computing power products were signed, totaling approximately $1.78 million, covering high-performance computing servers and GPUs [6] Group 3: Synergy with Core Business - The computing power deployment is synergistic with the company's traditional digital health business, exemplified by the development of the "LifeNode" product in collaboration with FLock Technology Holdings [7] - The CEO emphasized the goal of establishing computing power as a foundational technology connecting various business segments, aiming to create an innovative commercial ecosystem [8][9]
CIMG Inc. Subsidiary Shortlisted as Supplier Candidate for Guangzhou Bank Equipment Procurement with a Total Benchmark Bid Amount of Approximately US$15.95 Million
Prnewswire· 2025-12-22 14:20
BEIJING, Dec. 22, 2025 /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, Beijing Xinmiao Shidai Technology Development Co., Ltd. ("Xinmiao Shidai"), participated in Bank of Guangzhou Co., Ltd.'s ("Guangzhou Bank") 2025 server procurement tender and has been shortlis ...