Company: ILAG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001641172-25-006445
Chunk: 222

Company: Intelligent Living Application Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 6
Chunk 222
---
 no family relationships among our other directors or executive officers.
6.D. Employees
 
As of December 31, 2024, we had 238 employees. We had 255 employees as of December 31, 2023. The following table sets forth the breakdown of our employees as of December 31, 2024 by function:

                                          Hong Kong               PRC     
--------------------------------------------------------------------------
Department                 Headcount      Headquarters          Production
Management                        10                 7                   3
Finance and accounting             8                 5                   3
Sales and Marketing                4                 4                   —
Purchasing                         2                 —                   2
Warehouse                         11                 —                  11
Production                       181                 —                 181
Quality Control                    3                 —                   3
Administration                    14                 3                  11
Technical                          5                 —                   5
Total                            238                19   *             219
 
*including one employee, our vice president of finance based in Beijing.
 
As of December 31, 2024, 18 employees are based in Hong Kong, where our principal executive offices are located, one vice president of finance was based in Beijing, and the remaining employees were located in Dongguan, China.
 
As required by PRC regulations, Xingfa participates in various government statutory employee benefit plans, including social insurance funds, namely a pension contribution plan, a medical insurance plan, an unemployment insurance plan, a work-related injury insurance plan and a maternity insurance plan, and a housing provident fund. Xingfa is required under PRC law to make contributions to employee benefit plans at specified percentages of the salaries, bonuses and certain allowances of its employees, up to a maximum amount specified by the local government from time to time. As of the date of this report, we believe Xingfa has made employee benefit payments in material aspects. However, if Xingfa were found by the relevant authorities that it failed to make adequate payments, it may be required to make up the contributions for these plans as well as to pay late fees and fines. See “Risk Factors—Risks Related to Doing Business in China—Failure to make adequate contributions to various employee benefit plans as required by PRC regulations may subject us to penalties.”
 
We enter into standard labor and confidentiality agreements with our employees. We believe that we maintain a good working relationship with our employees, and we have not experienced any major labor disputes.
 
We understand that our success