Company: ILAG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001641172-25-006445
Chunk: 187

Company: Intelligent Living Application Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 4
Chunk 187
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 Shatian Town Hengliu Equity Economic Union, a third party, with annual rent of RMB 2,032,000 (US$285,000).
 

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We acquired an electroplating production line at 5/F., Tower A, Shun Hang Environment Projection Industrial Park, Shatian Town, Dongguan, Guangdong. The lease for the production line factory is from April 1, 2023 to September 30, 2026 with Dongguan Shun Hang Metal Productions Company Limited, a third party, with annual rent of RMB 660,000 (US$93,000).
 
Currently, we mainly lease the following properties to conduct our business:
 

                                                 Property Address                                                                          Lessor                          Annual Rent         Lease                  Purposes/Use       
                                                                                                                                                                                             Expiration                                  
                                                                                                                                                                                                Date                                     
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Unit 2, 5/F, Block A, Profit Industrial Building, 1-15 Kwai Fung Crescent, Kwai Chung, New Territories, Hong Kong   Kambo Security Products Limited                            $74,000   December 31, 2024    Head Quarter Office        
No. 43, Min Tian Main Street, Shatian Town, Dongguan, Guangdong, PRC                                                Dongguan Shatian Town Hengliu Equity Economic Union       $285,000   February 28, 2026    Production Plant and Office
5/F., Tower A, Shun Hang Environment Projection Industrial Park, Shatian Twon, Dongguan, Guangdong, PRC             Dongguan Shun Hang Metal Productions Company Limited       $93,000   September 30, 2026   Production Plant           
 
We believe we will be able to obtain adequate facilities, principally through leasing, to accommodate our future expansion plans.