Company: ILAG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001641172-25-006445
Chunk: 35

Company: Intelligent Living Application Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 3
Chunk 35
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 consider the need to issue a new determination.

The enactment of the HFCA Act and related regulations
and any additional actions, proceedings, or new rules resulting from these efforts to increase U. S. regulatory access to audit information
could cause investors uncertainty for affected issuers and the market price of our ordinary shares could be adversely affected, and we
could be delisted if our auditor is unable to meet the PCAOB inspection requirement.

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The lack of access to PCAOB inspections prevents the
PCAOB from fully evaluating audits and quality control procedures of the auditors based in China and Hong Kong. As a result, investors
may be deprived of the benefits of such PCAOB inspections. The inability of the PCAOB to conduct inspections of auditors in China and
Hong Kong makes it more difficult to evaluate the effectiveness of these accounting firm’s audit procedures and quality control
procedures as compared to auditors outside of China that are subject to the PCAOB inspections.

Our auditor, Wei, Wei & Co., LLP, an independent
registered public accounting firm that is headquartered in the United States, as an auditor of companies that are traded publicly in the
United States and a firm registered with the PCAOB, is subject to laws in the United States pursuant to which the PCAOB conducts inspections
to assess its compliance with the applicable professional standards. Our auditor has been inspected by the PCAOB on a regular basis with
the last inspection in 2022 and it is not included in the PCAOB Determinations. However, we cannot assure you whether Nasdaq or regulatory
authorities would apply additional and more stringent criteria to us after considering the effectiveness of our auditor’s audit
procedures and quality control procedures, adequacy of personnel and training, or sufficiency of resources, geographic reach, or experience
as it relates to our audit. If it is later determined that the PCAOB is unable to inspect or investigate completely our auditor because
of a position taken by an authority in a foreign jurisdiction or any other reasons, the lack of inspection could cause the trading in
our securities to be prohibited under the Holding Foreign Companies Accountable Act, and as a result Nasdaq may delist our securities.
If our securities are unable to be listed on another securities exchange, such a delisting would substantially impair your ability to
sell or purchase our securities when you wish to do so, and the risk and uncertainty associated with a potential delisting would have
a negative impact on the price of our ordinary shares. Further, new laws and