Company: ILAG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001641172-25-006445
Chunk: 94

Company: Intelligent Living Application Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 3
Chunk 94
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manufacturing facility. In light of excess production capacity due to current economic conditions, Xingfa subleased
one plant building of approximately 4,300 m2to reduce our operating costs.

  We restructured our corporate organization in 2009 and incorporated Hing Fat Industrial Limited under Hong Kong law (“ Hing Fat”), as the holding company of Xingfa to manage the door lockset ma...  

  On March 26, 2014, Kambo Locksets Limited was incorporated under Hong Kong law. Kambo Locksets is a trading company focusing on marketing and sales of our products in North America market and b...  
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  On February 25, 2015, Kambo Hardware Limited was incorporated under                                                              
  Hong Kong law. Its primary business is to sell our products to markets outside of the North America, mainly in Asian countries.  
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  Bamberg (HK) Limited (“ Bamberg”) was incorporated on June 24, 2016 under Hong Kong law. Through Bamberg, we started marketing our products under our own brand “ Bamberg” to establish and focus...  
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  On July 17, 2019, Intelligent Living Application Group Inc. was established as a holding company and it is a Cayman Islands exempted company limited by shares and were incorporated as an offsho...  
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  On July 17, 2019, the Company issued 500,000,000 ordinary shares to its shareholders. On August 14, 2019, these shareholders surrendered 499,990,000 ordinary shares to the Company at no conside...  

  58  

  A reorganization of the Company’s legal entity structure was completed in April 2020. The reorganization involved the incorporation of ILAG in July 2019 and execution of the Share Exchange Agre...  
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  On