Company: ILAG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001641172-25-006445
Chunk: 55

Company: Intelligent Living Application Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 3
Chunk 55
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-oriented Series” with classic to contemporary looks, functions and colors. Currently,
our products are sold mainly in the USA, and some in Canada, Macau and China.

We sell our products mainly to the US and Canada (“ North
America”) through one of our Hong Kong registered subsidiaries Kambo Locksets. Another Hong Kong registered subsidiary, Kambo Hardware,
targets and distributes locksets and related hardware to countries other than the North America market and serves our customers in the
Asian countries including Thailand and Australia.

In 1993, as the laws and regulations for processing
with imported materials entity had changed in China, we established our wholly foreign owned entity (WFOE) subsidiary, Dongguan Xingfa
Hardware Products Limited (“ Xingfa”) located in Shatian County, Dongguan City, Guangdong Province of PRC. Xingfa is equipped
with various types of machines such as die casting machines, furnace, polishing machines and other machines for metal processing in a
17,560 m2manufacturing facility. In light of excess production capacity due to current economic conditions, Xingfa subleased
one plant building of approximately 4,300 m2to reduce our operating costs.

  On March 26, 2014, Kambo Locksets Limited (“ Kambo Locksets”) was incorporated under Hong Kong law. Kambo Locksets is a trading company focusing on marketing and sales of our products in North ...  
  On February 25, 2015, Kambo Hardware Limited (“ Kambo Hardware”) was incorporated under Hong Kong law. Its primary business is to sell our products to markets outside of the North America.          
  Bamberg (HK) Limited (“ Bamberg”) was incorporated on June 24, 2016 under Hong Kong law. Through Bamberg, we started marketing our products under our own brand “ Bamberg” to establish and focus...  
  A reorganization of the Company’s legal entity structure was completed in April 2020. The reorganization involved the incorporation of ILAG in July 2019 and execution of the Share Exchange Agre...  
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  We restructured our corporate organization in 2009 and incorporated Hing Fat Industrial Limited under Hong Kong law (“ Hing Fat”), as the holding company of Xingfa to manage the door lockset ma...  
  On July 17, 2019