Company: ILAG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001641172-25-006445
Chunk: 91

Company: Intelligent Living Application Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 3
Chunk 91
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, please contact us through our website
at www. i-l-a-g. com or through phone number +852 2481 7938.

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C. Organizational structure

Below is the Company’s corporate structure chart
as of the date of this report.

D. Property, Plants and Equipment

Our headquarter and sales office in Hong Kong operate in an approximately 300m2office in an industrial building. The office is leased from a related company,
Kambo Security Products Limited. Kambo Security Products Limited is owned by Mr. Yu Bong Lau (Bong), Mr. Bun Lau, Mr. Wynn Hui and Mr.
Po Ching Hui, brother of Mr. Wynn Hui. The rent paid to Kambo Security Products Limited is determined according to the market value of
similar property quotes from a Hong Kong property agent. We most recently renewed the lease of the property from January 1, 2025
for one year, with annual rent of HK$576,000 ( US$74,000).

Our manufacturing facility is operated under Dongguan Xingfa Hardware Products Co., Ltd. (“ Xingfa”), which is equipped with different types of machines in a 17,560
m2production facility which can produce about 6,000,000 locksets per annum. Xingfa leases 15,810 m2of land
use rights for our factory from March 1, 2024 to February 28, 2026 from Dongguan Shatian Town Hengliu Equity Economic Union, a third party,
with annual rent of RMB 2,032,000 (US$285,000).

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We acquired an electroplating production line at
5/F., Tower A, Shun Hang Environment Projection Industrial Park, Shatian Town, Dongguan, Guangdong. The lease for the production
line factory is from April 1, 2023 to September 30, 2026 with Dongguan Shun Hang Metal Productions Company Limited, a third party,
with annual rent of RMB 660,000 (US$93,000).

Currently, we mainly lease the following properties
to conduct our business:

  Property Address                                                                                                       Lessor                                                    Annual Rent      Lease                   Purposes/Use                 
                                                                                                                                                                                                    Expiration                                           
                                                                                                                                                                                                    Date                                                 
  Unit 2, 5/F, Block A, Profit Industrial Building, 1-15 Kwai Fung