Core Viewpoint - Intelligent Living Application Group Inc. has successfully closed a public offering of 1,034,483 ordinary shares at a price of $0.58 per share, raising total gross proceeds of $600,000 before expenses [1]. Group 1: Offering Details - The public offering was conducted as a "best efforts" offering, with Craft Capital Management LLC acting as the sole placement agent [2]. - The net proceeds from the offering will be utilized for general corporate purposes, capital expenditures, working capital, and general administrative expenses [2]. Group 2: Regulatory Information - A shelf registration statement on Form F-3 was filed with the SEC and declared effective on December 4, 2023, relating to the public offering [3]. - A final prospectus supplement detailing the terms of the public offering was also filed with the SEC [3]. Group 3: Company Overview - 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 high-quality mechanical locksets and diversifying its product offerings, including smart locks [4]. - Intelligent Living holds the ISO9001 quality assurance certificate and various safety certifications, including ANSI Grade 2 and Grade 3 standards [4].