Company: ILAG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001641172-25-006445
Chunk: 93

Company: Intelligent Living Application Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 3
Chunk 93
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 confidence of our customers, Xingfa has the ISO9001quality assurance certificate.

Starting in 2000, we offer products that comply with
the American National Standards Institute (ANSI) Grade 2 and Grade 3 standards that are developed by the Builders Hardware Manufacturing
Association (BHMA) for ANSI. Our focus in producing mechanical locksets - including locksets for outdoors (such as main entrances and
gates) and indoors which raised our competitiveness. To maintain our growth, our products are beyond a simple lockset for security purposes,
we offer a wide range of Original Design Manufacturer (“ ODM”) door locksets to various customer segments from “ Premium
Series” to “ Economy-oriented Series” with classic to contemporary looks, functions and colors.

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Currently, approximately 99% of our revenues are from
products sold in the US, and the remaining products are sold in Canada. We build our distribution network by working with our large and small business partners in different geographic areas to sell our products. More information about geographical distribution
of our revenues can be found in “ Segment reporting in Note 3 of Notes to the Consolidated Financial Statements”.

For 40 years, we manufacture and sell high quality
mechanical locksets and continue to grow and increase our product offerings. The predecessor of Hing Fat commenced our business of selling
door locksets in 1981. In 1983, we started processing door locksets to fulfill orders from US customers with imported materials at a small
manufacturing workshop in China which became our current manufacturing subsidiary, Xingfa. Since then, our mission is to “produce
high quality lockset products at affordable prices.”

We sell our products mainly to the US and Canada (“ North
America”) through one of our Hong Kong registered subsidiaries, Kambo Locksets. Kambo Hardware, another wholly owned subsidiary of the Company
targets and distributes locksets and related hardware to countries other than the US and Canada and it mainly serves our customers in
Asian countries.

In 1993, as the laws and regulations for processing
with imported materials entity changed in China, we established our wholly foreign owned entity (WFOE) subsidiary, Dongguan Xingfa
Hardware Products Limited (“ Xingfa”) located in Shatian County, Dongguan City, Guangdong Province of PRC. Xingfa is equipped
with various types of machines such as die casting, furnace, polishing and other machines for metal processing in a
17,560 m2