Company: ILAG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001641172-25-006445
Chunk: 130

Company: Intelligent Living Application Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 3
Chunk 130
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 F-1.

Legal Proceedings

We are currently not involved in any material legal
or administrative proceedings. From time to time, we may be subject to various legal or administrative claims and proceedings arising
in the ordinary course of business. Such legal or administrative claims and proceedings, even if without merit, could result in the expenditure
of financial and management resources and potentially result in civil liability for damages.

  79  

Dividends

We have not declared or paid cash dividends since
the Company was incorporated in July 2019 in Cayman Island and we have no plan to declare or pay any dividends in the near future on our
ordinary shares. We currently intend to retain most, if not all, of our available funds and any future earnings to operate and expand
our business.

We are a holding company incorporated in the Cayman
Islands. We rely principally on dividends from our Hong Kong and PRC subsidiary for our cash requirements, including any payment of dividends
to our shareholders. PRC regulations may restrict the ability of our PRC subsidiary to pay dividends to us. See “ Item 4. B. Business
Overview - Regulations - Regulations on Dividend Distribution. ”

Our BOD has discretion as to whether
to distribute dividends, subject to applicable laws. Even if our BOD decides to pay dividends, the form, frequency and
amount will depend upon our future operations and earnings, capital requirements and surplus, general financial condition, contractual
restrictions and other factors that the BOD may deem relevant. Cash dividends on our ordinary shares, if any, will be paid
in U. S. dollars.

No Significant Changes

Except as disclosed elsewhere in this annual report,
no other significant changes to our financial condition have occurred since the date of the annual financial statements contained herein.

  ITEM 9.      THE OFFER AND LISTING  
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9. A. Offer and Listing Details

Our ordinary shares are listed for trading on the
NASDAQ Capital Market under the symbol “ ILAG” The shares began trading on July 13, 2022 on the NASDAQ Capital Market.

9. B. Plan of Distribution

Not Applicable.

9. C. Markets

Our ordinary shares have been listed on the Nasdaq
Capital Market since July 13, 2022 under the symbol “ ILAG”.

9. D. Selling Shareholders

Not Applicable.

9. E. Dilution

Not Applicable.

9. F. Expenses of the Issuer