Company: ILAG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001641172-25-006445
Chunk: 2

Company: Intelligent Living Application Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 3
Chunk 2
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 Security Ordinance) will create any legal impact on us, our business, our officers, our director...  
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Risks Related to Our Ordinary Shares

  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.  
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  You may face difficulties in protecting your interests as a shareholder, as Cayman Islands law provides substantially less protection when compared to the laws of the United States and it may b...  
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In addition, please see “ Risk Factors”
below, and other information included in this report, for a discussion of these and other risks and uncertainties that we face.

   6  

Risks
Related to Our Business

Tariffs,
trade war and changes in U. S. trade policies have and could continue to significantly reduce the volume of exporting our products into
the United States, which may materially reduce our profit margin and our sales in the United States.

We
sell most of our products to the United States. Since 2017, the U. S. and China have been engaged in a trade dispute that has involved
a number of actions against China including the imposition of tariffs on Chinese imports. On February 1, 2025, President Trump issued
executive orders imposing a 25% tariff on products imported from Canada and Mexico and a 10% tariff on products imported from China,
effective February 4, 2025. An additional 10% increase in the China tariffs became effective March 4, 2025. On April 2, 2025, President
Trump announced that the United States would impose a 10% tariff on all countries, effective on April 5, 2025, and individualized higher
tariff rates on countries with which the United States has proportionately large trade deficits in goods, including, among others, a
34% additional tariff on goods imported from China that brings the total additional tariff rate levied on Chinese goods since 2025 to
54%. On April