Company: ILAG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001641172-25-006445
Chunk: 48

Company: Intelligent Living Application Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 3
Chunk 48
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 these persons, or to enforce
against us or them judgments obtained in United States courts, including judgments predicated upon the civil liability provisions of the
securities laws of the United States or any state in the United States.

  32  

As a result of all of the above, our shareholders
may have more difficulty in protecting their interests through actions against us or our officers, directors or major shareholders than
would shareholders of a corporation incorporated in a jurisdiction in the United States.

We are a foreign private issuer within the meaning
of the rules under the Exchange Act, and as such we are exempt from certain provisions applicable to United States domestic public companies.

We are a foreign private issuer within the meaning
of the rules under the Exchange Act. As such, we are exempt from certain provisions applicable to United States domestic public companies.
For example:

  we are not required to provide as many Exchange Act reports, or as frequently, as a domestic public company;  
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  for interim reporting, we are permitted to comply solely with our home country requirements, which are less rigorous than the rules that apply to domestic public companies;  

  we are not required to provide the same level of disclosure on certain issues, such as executive compensation;  

  we are exempt from provisions of Regulation FD aimed at preventing issuers from making selective disclosures of material information;  

  we are not required to comply with the sections of the Exchange Act regulating the solicitation of proxies, consents or authorizations in respect of a security registered under the Exchange Act...  

  we are not required to comply with Section 16 of the Exchange Act requiring insiders to file public reports of their share ownership and trading activities and establishing insider liability fo...  

We are required to file an annual report on Form 20-F
within four months of the end of each fiscal year. In addition, we will file reports on Form 6-K as a foreign private issuer. However,
the information we are required to file with or furnish to the SEC will be less extensive and less timely compared to that required to
be filed with the SEC by U. S. domestic issuers. As a result, you may not be afforded the same protections or information that would be
made available to you were you investing in a U. S. domestic issuer.

We are an “emerging growth company”
within the meaning of the Securities Act, and if we take advantage of certain exemptions from disclosure requirements available to