Company: ILAG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001641172-25-006445
Chunk: 1

Company: Intelligent Living Application Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 3
Chunk 1
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  We do not have any business insurance coverage.  

Risks Related to Doing Business in China

  Changes in China’s economic, political or social conditions or government policies could have a material adverse effect on our business and results of operations.  

  Uncertainties and quick change in the interpretation and enforcement of Chinese laws and regulations with little advance notice could result in a material and negative impact on our business op...  

  Any failure to comply with PRC regulations regarding the registration requirements for employee stock incentive plans may subject the PRC plan participants or us to fines and other legal or adm...  
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   5  

  Regulatory bodies of the United States may be limited in their ability to conduct investigations or inspections of our operations in China.  
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  The Holding Foreign Companies Accountable Act, or the HFCA Act, and the related regulations are evolving quickly. Further implementations and interpretations of or amendments to the HFCA Act or...  
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  Substantial uncertainties exist with respect to the interpretation and implementation of the newly enacted PRC Foreign Investment Law and how it may impact the viability of our current corporat...  
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  Any change of regulations and rules by Chinese government, including the limitations on usage of power, additional environmental protection requirements, moving technology in and out of the PRC...  
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Risks Related to Doing Business in Hong Kong

  It will be difficult to acquire jurisdiction and enforce liabilities against us, our officers, directors and assets based in Hong Kong and China.  

  The Hong Kong legal system embodies uncertainties which could negatively affect our listing on Nasdaq and limit the legal protections available to you and us.  

  We cannot foresee the recently passed legislation of Basis Law Article 23 (Safeguarding National