Company: ILAG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001641172-25-006445
Chunk: 45

Company: Intelligent Living Application Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 3
Chunk 45
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 necessary. If the Company meets these requirements, Nasdaq will inform the Company that it has been granted an additional
180 calendar days. However, if it appears to Nasdaq that the Company will not be able to cure the deficiency, or if the Company is otherwise
not eligible, Nasdaq will provide notice that the Company’s securities will be subject to delisting.

  30  

Our ordinary shares may be thinly traded and
you may be unable to sell at or near ask prices or at all if you need to sell your shares to raise money or otherwise desire to liquidate
your shares.

Our ordinary shares may be “thinly-traded,”
meaning that the number of persons interested in purchasing our ordinary shares at or near bid prices at any given time may be relatively
small or non-existent. This situation may be attributable to a number of factors, including the fact that we are relatively unknown to
stock analysts, stock brokers, institutional investors and others in the investment community that generate or influence sales volume,
and that even if we came to the attention of such persons, they tend to be risk-averse and might be reluctant to follow an unproven company
such as ours or purchase or recommend the purchase of our shares until such time as we became more seasoned. As a consequence, there may
be periods of several days or more when trading activity in our shares is minimal or non-existent, as compared to a seasoned issuer which
has a large and steady volume of trading activity that will generally support continuous sales without an adverse effect on share price.
A broad or active public trading market for our ordinary shares may not develop or be sustained.

The market price for our ordinary shares may
be volatile.

The market price for our ordinary shares may be volatile
and subject to wide fluctuations due to factors such as:

  the perception of U. S. investors and regulators of U. S. listed Chinese companies;  

  actual or anticipated fluctuations in our operating results;  

  changes in financial estimates by securities research analysts;  
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  negative publicity, studies or reports;  

  conditions in the international lockset, hardware and real estate markets;  

  our capability to catch up with the technology innovations in the industry;  

  changes in the economic performance or market valuations of other lockset and hardware companies;  
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  announcements by us or our competitors of acquisitions, strategic partnerships, joint ventures or