Company: ILAG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001641172-25-006445
Chunk: 126

Company: Intelligent Living Application Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 3
Chunk 126
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 To determine and oversee stock ownership guidelines and stock option holding requirements, including periodic review of compliance by principal officers and members of the board of directors;  

Nominating and Corporate Governance Committee

Ms. Carina Chui, Ms. Monique Ho and Mr. Kenneth Liu
are members of our Nominating and Corporate Governance Committee and Mr. Kenneth Liu is the chairman. All members of our Nominating and
Corporate Governance Committee are qualified as “independent” under the current definition promulgated by Nasdaq. We have
adopted a charter for the Nominating and Corporate Governance Committee. In accordance with its charter, the Nominating and Corporate
Governance Committee is responsible for identifying and proposing new potential director nominees to the BOD for consideration
and reviewing our corporate governance policies.

The Nominating and Corporate Governance Committee
is responsible for, among other things:

  Identify and screen individuals qualified to become Board members consistent with the criteria approved by the BOD, and recommend to the BOD nominees for election at the next annual or special ...  
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  Recommend directors for appointment to Board committees;                                                                                                                                              

  76  

  Make recommendations to the BOD as to determinations of director independence;                                                
  Oversee the evaluation of the BOD;                                                                                            
  Make recommendations to the BOD as to compensation for the Company’s directors; and                                           
  Review and recommend to the BOD the Corporate Governance Guidelines and Code of Business Conduct and Ethics for the Company.  

Director Independence

Our Board reviewed the materiality of any relationship
that each of our directors has with us, either directly or indirectly, and the Company determined that Ms. Monique Ho, Ms. Carina
Chui, Mr. Kenneth Liu and Mr. Henry Yeung are “independent directors” as defined by NASDAQ.

Family Relationships

Mr. Bong Lau and Mr. Bun Lau are brothers and Mr. Wynn Hui
is the father of Mr. Errol Hui. Except for the foregoing family relationship, there are 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, 202