Company: ILAG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001641172-25-006445
Chunk: 234

Company: Intelligent Living Application Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 10
Chunk 234
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 an exempted company:

●                              does not have to file an annual return of its shareholders with the Registrar of Companies;                           
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●   is not required to open its register of members for inspection to the public;                                                                    
●   does not have to hold an annual general meeting;                                                                                                 
●   may issue shares with no par value;                                                                                                              
●   may obtain an undertaking against the imposition of any future taxation (such undertakings are usually given for 20 years in the first instance);
●   may register by way of continuation in another jurisdiction and be deregistered in the Cayman Islands;                                           
●   may register as a limited duration company; and                                                                                                  
●   may register as a segregated portfolio company.                                                                                                  
 
“Limited liability” means that the liability of each shareholder is limited to the amount unpaid by the shareholder on the shares of the company.
 

  83 
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Preferred Shares
 
Each of the class or classes (however designated) as the BOD may determine in accordance with these articles of association. Subject to the Companies Act (As Revised), any preferred shares may be issued or converted into shares that, at a determinable date or at the option of the Company or the holder thereof, are to be redeemed or are liable to be redeemed on such terms and in such manner as the BOD may in its absolute discretion determine.
 
In particular and without prejudice to the generality of the foregoing, the Board is empowered to authorize by resolution or resolutions from time to time the issuance of one or more classes or series of preferred shares and to fix the designations, powers, preferences and relative, participating, optional and other rights, if any, and the qualifications, limitations and restrictions thereof, if any, including, without limitation, the number of shares constituting each such class or series, dividend rights, conversion rights, redemption privileges, voting powers, full or limited or no voting powers, and liquidation preferences, and to increase or decrease the size of any such class or series (but not below the number of shares of any class or series of preferred shares then outstanding) to the extent permitted by law. Without limiting the generality of the foregoing, the resolution or resolutions providing for the establishment of any class or series of preferred shares may, to the extent permitted by law, provide that such class or series shall be superior to, rank equally with or be junior to the preferred shares of any other class or series.
 
Except as otherwise expressly provided in the resolution or resolutions