Company: ILAG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001641172-25-006445
Chunk: 124

Company: Intelligent Living Application Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 3
Chunk 124
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ong Lau, the Chief Executive Officer and Chairman of the Board and each Series
A Preferred Share is entitled to twenty (20) votes.

  74  

6. C. Board Practices

Terms of Directors and Officers

Our officers are elected by and serve at the discretion
of the BOD and may be removed by the BOD. Our directors are not subject to a set term of office and hold office until the next general
meeting called for the election of directors and until their successor is duly elected or such time as they die, resign or are removed
from office by a shareholders’ ordinary resolution or the unanimous written resolution of all shareholders. A director will be removed
from office automatically if, among other things, the director becomes bankrupt or makes any arrangement or composition with his creditors
generally or is found to be or becomes of unsound mind.

Our BOD currently consists of 7 directors.
We established an audit committee, a compensation committee and a corporate governance and nominating committee. Each of the committees
of the BOD has the composition and responsibilities described below.

Board Diversity Matrix

The following table sets forth Board level diversity
statistics based on self-identification of members of our Board as of April 28, 2025.

  Board Diversity Matrix (As of April 28, 2025)                                   
 ──────────────────────────────────────────────────────────────────────────────────
  Country of Principal Executive Offices:                       Hong Kong, China  
  Foreign Private Issuer:                                       Yes               
  Disclosure Prohibited Under Home Country Law:                 No                
  Total Number of Directors                                     7                 
                                                                Male              
  Part I: Gender Identity                                                         
  Directors                                                                       
  Part II: Demographic Background                                                 
  Underrepresented Individual in Home Country Jurisdiction                        
  LGBTQ+                                                                          
  Did Not Disclose Demographic Background                                         

Audit Committee

Ms. Carina Chui, Ms. Monique Ho and Mr. Kenneth Liu
are members of our Audit Committee, where Ms. Carina Chui serves as the chairlady. All members of our Audit Committee satisfy the independence
standards promulgated by the SEC and by Nasdaq as such standards apply specifically to members of audit committees.

We have adopted and approved a charter for the Audit
Committee. In accordance with our Audit Committee Charter, our Audit Committee shall perform several functions, including:

  evaluate the independence and performance of, and assess the qualifications of, our independent auditor, and engage such independent auditor;                                                         
  approve the