CIMG Inc. has announced a change in its board of directors, effective September 8, 2026. Changzheng Ye resigned from the board and all committees on which he served, citing personal reasons. The company stated that the resignation was not the result of any disagreements regarding operations, policies, or practices.
To fill the vacancy, the board appointed Dongwei Li as an independent director, effective September 11, 2026. Mr. Li has also been appointed to serve as the Chair of the Audit Committee. According to the filing, Mr. Li is 35 years old and currently serves as the Co-Founder of Zeen Tendering and Procurement (Guangdong) Co., Ltd. Prior to that role, he served as Director of Major Projects at Shenzhen Pagoda Industrial (Group) Corporation Limited from 2015 to 2020. He holds a Bachelor of Science degree in Computer Science and Technology from Zhengzhou University.
In connection with his appointment, CIMG Inc. entered into a director offer letter and an indemnification agreement with Mr. Li, both dated September 11, 2026. The director offer letter stipulates that Mr. Li will receive annual cash compensation in the amount of $25,000 for his service. The company noted that there are no arrangements or understandings between Mr. Li and any other person regarding his selection, and no transactions involving him are required to be disclosed under Item 404(a) of Regulation S-K.
