Company: ILAG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001641172-25-006445
Chunk: 134

Company: Intelligent Living Application Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 3
Chunk 134
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 of association, a proxy form will accompany any notice of general meeting
convened by the directors to facilitate the ability of shareholders to vote by proxy.

Any ordinary resolution to be made by the shareholders
requires the affirmative vote of a simple majority of the votes of the ordinary shares cast in a general meeting, while a special resolution
requires the affirmative vote of no less than two-thirds of the votes of the ordinary shares cast. Under Cayman Islands law, some matters,
such as amending the memorandum and articles, changing the name or resolving to be registered by way of continuation in a jurisdiction
outside the Cayman Islands, require approval of shareholders by a special resolution.

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There are no limitations on non-residents or foreign
shareholders to hold or exercise voting rights on the ordinary shares imposed by foreign law or by the memorandum and articles of association
of our Company. However, no person will be entitled to vote at any general meeting or at any separate meeting of the holders of the ordinary
shares unless the person is registered as of the record date for such meeting and unless all calls or other sums presently payable by
the person in respect of ordinary shares in the Company have been paid.

Winding Up; Liquidation. Subject to any special
rights, privileges or restrictions as to the distribution of available surplus assets on liquidation for the time being attached to any
class or classes of shares (i) if the Company shall be wound up and the assets available for distribution amongst the shareholders of
the Company shall be more than sufficient to repay the whole of the capital paid up at the commencement of the winding up, the excess
shall be distributed pari passu amongst such shareholders in proportion to the amount paid up on the shares held by them respectively
and (ii) if the Company shall be wound up and the assets available for distribution amongst the Shareholders as such shall be insufficient
to repay the whole of the paid-up capital such assets shall be distributed so that, a nearly as may be, the losses shall be borne by the
Shareholders in proportion to the capital paid up, or which ought to have been paid up, at the commencement of the winding up on the shares
held by them respectively. The liquidator may, with the authority of a special resolution and any other sanction required by the Act,
divide among the Shareholders in specie or kind the whole or any part of the assets of the Company and whether or not the assets are of
the same of different kinds.

Calls on Ordinary Shares and For