Company: ILAG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001641172-25-006445
Chunk: 219

Company: Intelligent Living Application Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 6
Chunk 219
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 Lau, the Chief Executive Officer and Chairman of the Board and each Series A Preferred Share is entitled to twenty (20) votes.
 

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6.C. Board Practices
 
Terms of Directors and Officers
 
Our officers are elected by and serve at the discretion of the BOD and may be removed by the BOD. Our directors are not subject to a set term of office and hold office until the next general meeting called for the election of directors and until their successor is duly elected or such time as they die, resign or are removed from office by a shareholders’ ordinary resolution or the unanimous written resolution of all shareholders. A director will be removed from office automatically if, among other things, the director becomes bankrupt or makes any arrangement or composition with his creditors generally or is found to be or becomes of unsound mind.
 
Our BOD currently consists of 7 directors. We established an audit committee, a compensation committee and a corporate governance and nominating committee. Each of the committees of the BOD has the composition and responsibilities described below.
 
Board Diversity Matrix
 
The following table sets forth Board level diversity statistics based on self-identification of members of our Board as of April 28, 2025.
 

                                                                    Board Diversity Matrix (As of April 28, 2025)                                                                     
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Country of Principal Executive Offices:                                                                         Hong Kong, China                                                      
Foreign Private Issuer:                                                                                         Yes                                                                   
Disclosure Prohibited Under Home Country Law:                                                                   No                                                                    
Total Number of Directors                                                                                  7                                                                          
                                                                       Female                                   Male                Non-Binary                Did Not Disclose        
                                                                                                                                                              Gender                  
Part I: Gender Identity                                                                                                                                                               
Directors                                                              2                                        5                           —                            —            
Part II: Demographic Background                                                                                                                                                       
Underrepresented Individual in Home Country Jurisdiction                           —                                 —                      —                            —            
LGBTQ+                                                                             —                                 —                      —                            —            
Did Not Disclose Demographic Background                                            —                                 —                      —                            —            
Audit Committee
 
Ms. Carina Chui, Ms. Monique Ho and Mr. Kenneth Liu are members of our Audit Committee, where Ms. Carina Chui serves as the chairlady. All members of our Audit Committee satisfy the independence standards promulgated by the SEC and by Nasdaq as such standards apply specifically to members of audit committees.
 
We have adopted and approved a charter for the Audit Committee. In accordance with our Audit Committee Charter, our Audit Committee shall perform several functions, including:
 

●                                                          evaluate the