HONG KONG, Sept. 16, 2024 /PRNewswire/ -- Intelligent Living
Application Group Inc. (NASDAQ: ILAG) ("Intelligent Living" or the
"Company"), a premium lockset manufacturer in Hong Kong, announced today that it has
regained compliance with the $1
minimum bid price requirement under the continued listing
requirements of the Nasdaq Stock Market LLC ("Nasdaq").
On September 13, 2024, the Company
received a written notification from Nasdaq's Listing
Qualifications Department stating that the closing bid price of the
Company's ordinary shares has been $1.00 per share or greater for 10 consecutive
trading days, from August 28, 2024 to
September 12, 2024. Accordingly, the
Company has regained compliance with Nasdaq Listing Rule
5550(a)(2).
About Intelligent Living Application Group
Inc.
Intelligent Living Application Group Inc. ("ILAG") is a premium
lockset manufacturer headquartered in Hong Kong. It manufactures and sells high
quality mechanical locksets to customers mainly in the United States and Canada and has continued to diversify and
refine its product offerings in the past 40 years to meet its
customers' needs. ILAG has obtained the ISO9001 quality assurance
certificate and various accredited quality and safety certificates
including American National Standards Institute (ANSI) Grade 2 and
Grade 3 standards that are developed by the Builders Hardware
Manufacturing Association (BHMA) for ANSI. ILAG keeps investing in
self-designed automated product lines, new craftsmanship and
developing new products including smart locks and smart home
security devices. For more information, visit the Company's website
at http://www.i-l-a-g.com/.
Forward-Looking Statements
Certain statements in this announcement are forward-looking
statements. These forward-looking statements involve known and
unknown risks and uncertainties and are based on the Company's
current expectations and projections about future events that the
Company believes may affect its financial condition, results of
operations, business strategy and financial needs. Investors can
identify these forward-looking statements by words or phrases such
as "may," "will," "expect," "anticipate," "aim," "estimate,"
"intend," "plan," "believe," "is/are likely to," "potential,"
"continue" or other similar expressions. The Company undertakes no
obligation to update or revise publicly any forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
review other factors that may affect its future results in the
Company's registration statement and other filings with the SEC,
which are available for review at www.sec.gov.
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SOURCE Intelligent Living Application Group Inc.