On October 9, 2025, CIMG Inc. (NASDAQ: IMG) announced that its board of directors had appointed Mr. Wenlong Tong as President of the company. The appointment is intended to improve the company’s diversified industrial layout and enhance its competitiveness in digital assets. Mr. Tong’s new role will focus on expanding CIMG’s computing power business and advancing its Web3.0 strategy.
Mr. Tong brings extensive experience in China’s digital economy, having pioneered paid short‑video services for traditional businesses and served high‑profile clients in finance, smart city initiatives, new energy, and e‑commerce. His background aligns with CIMG’s pivot toward digital health, AI, and consumer markets in Asia, positioning him to drive growth in the company’s emerging technology segments. The appointment signals a strategic shift toward deeper engagement in digital asset markets and advanced computing services.
Chairwoman and CEO Alice Wang welcomed Mr. Tong, noting that his expertise will add significant value to CIMG’s development of computing power and digital asset capabilities. The leadership change is expected to accelerate the company’s transition from its legacy coffee business to a technology‑centric model, potentially unlocking new revenue streams and strengthening its competitive position in high‑growth sectors. Investors will view the appointment as a step toward executing CIMG’s broader strategic transformation.
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