Company: ILAG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001641172-25-006445
Chunk: 138

Company: Intelligent Living Application Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 3
Chunk 138
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 class or series (but not below the number of shares of any
class or series of preferred shares then outstanding) to the extent permitted by law. Without limiting the generality of the foregoing,
the resolution or resolutions providing for the establishment of any class or series of preferred shares may, to the extent permitted
by law, provide that such class or series shall be superior to, rank equally with or be junior to the preferred shares of any other class
or series.

Except as otherwise expressly provided in the resolution
or resolutions providing for the establishment of any class or series of preferred shares, no vote of the holders of preferred shares
or ordinary shares shall be a prerequisite to the issuance of any shares of any class or series of the preferred shares authorized by
and complying with the conditions of the Memorandum and Articles of Association.

10. C. Material Contracts

We have not entered into any material contracts other
than in the ordinary course of business and other than those described in this annual report.

10. D. Exchange Controls

Cayman Islands

Currently there is no exchange control regulations
in the Cayman Islands and Hong Kong applicable to us and shareholders.

See “ Item 4. Information on the Company - B.
Business Overview - Regulation - Regulations Relating to Foreign Exchange” for exchange controls in China.

10. E. Taxation

The following summary of the material Cayman Islands,
Hong Kong, PRC and U. S. tax consequences of an investment in our ordinary shares is based upon laws and relevant interpretations thereof
in effect as of the date hereof, all of which are subject to change, possibly with retroactive effect. This summary is not intended to
be, nor should it be construed as, legal or tax advice and is not exhaustive of all possible tax considerations. This summary also does
not deal with all possible tax consequences relating to an investment in our ordinary shares, such as the tax consequences under state,
local, or under the tax laws of jurisdictions other than the Cayman Islands, Hong Kong, PRC and the United States. Investors should consult
their own tax advisors with respect to the tax consequences of the acquisition, ownership and disposition of our ordinary shares.

Cayman Islands Taxation

Under the law of the Cayman Islands as currently in
effect, a holder of the securities who is not a resident of the Cayman Islands is not liable for Cayman Islands tax on dividends paid
with respect to the securities and all holders of the securities are not liable to the Cayman Islands for