Core Viewpoint - Intelligent Living Application Group Inc. has announced a share consolidation/reverse stock split to comply with Nasdaq Marketplace Rule 5550(a)(2) regarding minimum bid price requirements for its ordinary shares [2][4]. Group 1: Share Consolidation Details - The extraordinary general meeting held on December 15, 2025, resulted in shareholder approval for a share consolidation with a maximum ratio of 1:200 [1]. - The Board determined the consolidation ratio to be 1-for-10, effective December 30, 2025, with the new CUSIP number for the ordinary shares being G4804S119 [2]. - The pre-split number of ordinary shares is 20,769,483, which will reduce to approximately 2,077,448 post-split, with a par value increase from $0.0001 to $0.001 [2]. Group 2: Preferred Shares Impact - The pre-split number of Series A preferred shares is 2,000,000, which will reduce to approximately 200,000 post-split, with a par value increase from $0.0001 to $0.001 [3]. - The pre-split number of Series B preferred shares is 10,000,000, which will reduce to approximately 1,000,000 post-split, with a par value increase from $0.0001 to $0.001 [3]. Group 3: Shareholder Rights and Actions - Shareholders will receive one post-consolidation share for every ten pre-consolidation shares held, with their percentage ownership and voting power remaining largely unchanged [4]. - Fractional shares will not be issued; instead, they will be rounded up in connection with the share consolidation [4]. - Shareholders holding shares in electronic form at brokerage firms will see the effects of the consolidation automatically reflected in their accounts [4]. Group 4: Company Overview - Intelligent Living Application Group Inc. is a premium lockset manufacturer and distributor based in Hong Kong, primarily serving customers in the United States and Canada [5]. - The company has been diversifying its product offerings for over 40 years and holds various quality assurance certifications, including ISO9001 and ANSI Grade 2 and 3 standards [5]. - Intelligent Living continues to invest in automated product lines and the development of new products, including smart locks [5].

Core Viewpoint - Intelligent Living Application Group Inc. reported a significant decline in revenue and increased net loss for the first half of 2025, primarily due to U.S. tariff increases and a slowdown in the U.S. real estate market [2][12]. Financial Performance - Revenues for the first half of 2025 were $2,305,265, a decrease of 48.5% from $4,473,031 in the same period of 2024 [3][4]. - Gross profit fell to $246,038, down 65.0% from $702,184 in the previous year, resulting in a profit margin of 10.7%, down from 15.7% [8][12]. - The net loss for the first half of 2025 was $5,330,267, an increase of 137.0% from a net loss of $2,249,307 in the same period of 2024 [17][12]. Cost Structure - Cost of goods sold was $1,853,878, representing 80.4% of revenues in 2025, slightly down from 80.6% in 2024 [5]. - Selling and marketing expenses decreased by 68.2% to $186,784, primarily due to reduced marketing efforts in Southeast Asia [10]. - General and administrative expenses surged by 204.5% to $5,424,955, largely due to equity compensation plans [13]. Operational Adjustments - The company suspended the release of smart locks and other IoT applications to save costs amid revenue impacts [2]. - The total products sold were approximately 0.5 million units in the first half of 2025, down from 0.9 million units in the same period of 2024 [4]. Cash Flow and Liquidity - Net cash used in operating activities was $1,739,617 for the first half of 2025, influenced by the net loss and changes in working capital [22]. - Cash and cash equivalents decreased to $793,969 as of June 30, 2025, from $1,280,911 at the end of 2024 [20]. Future Outlook - The company aims to enhance profit margins by negotiating volume rebates for raw materials and optimizing its product mix [9]. - Management is actively seeking investment from potential investors to raise cash for operations and respond to market conditions [21].

Core Viewpoint - Intelligent Living Application Group Inc. has announced a public offering of 1,034,483 ordinary shares at a price of $0.58 per share, aiming to raise approximately $600,000 before expenses [1][2]. Group 1: Offering Details - The public offering is expected to close on February 27, 2025, pending customary closing conditions [1]. - Craft Capital Management LLC is acting as the sole placement agent for the offering [2]. - The net proceeds from the offering will be used for general corporate purposes, capital expenditures, working capital, and general and administrative expenses [2]. Group 2: Company Background - Intelligent Living Application Group Inc. is a premium lockset manufacturer based in Hong Kong, primarily serving customers in the United States and Canada [4]. - The company has been in operation for 40 years, focusing on diversifying and refining its product offerings, including high-quality mechanical locksets and smart locks [4]. - Intelligent Living holds the ISO9001 quality assurance certificate and various accredited quality and safety certificates, including ANSI Grade 2 and Grade 3 standards [4].