Company: ILAG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001641172-25-006445
Chunk: 44

Company: Intelligent Living Application Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 3
Chunk 44
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does not have any treaties or other form of reciprocity with the United States or the Cayman Islands that provide for the reciprocal
recognition and enforcement of foreign judgments. In addition, according to the PRC Civil Procedures Law, courts in the PRC will not
enforce a foreign judgment against us or our directors and officers if they decide that the judgment violates the basic principles of
PRC law or national sovereignty, security or public interest. As a result, it may be difficult or not possible for United States investors
to enforce their legal rights, to effect service of process upon us, our directors or officers or to enforce judgments of United States
courts predicated upon civil liabilities and criminal penalties of us, our directors and officers under federal securities laws.

Risks Related to Our Ordinary Shares

Risks Relating to Our Shares

We may fail to meet continued listing requirements
on the NASDAQ Capital Market

On January 23, 2025, the Company received a letter from the Nasdaq Stock
Market (“ Nasdaq”) notifying the Company that, because the closing bid price for the Company’s ordinary shares listed
on Nasdaq was below $1.00 for 30 consecutive trading days, the Company no longer meets the minimum bid price requirement for continued
listing on Nasdaq under Nasdaq Marketplace Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share (the “ Minimum
Bid Price Requirement”). In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company has a period of 180 calendar days
from the date of notification, until July 22, 2025 (the “ Compliance Period”), to regain compliance with the Minimum Bid Price
Requirement. If at any time before the expiration of the Compliance Period the bid price of the Company’s ordinary shares closes
at least $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written confirmation of compliance. If the
Company does not regain compliance by the end of the Compliance Period, the Company may be eligible for an additional 180 calendar day
period to regain compliance. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly
held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and
will need to provide written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse
stock split, if