HONG KONG – December 26, 2025 – Intelligent Living Application Group Inc. (Nasdaq: ILAG), a Hong Kong-based manufacturer and distributor of premium locksets, announced today that its shareholders have approved a significant share consolidation, a move designed to boost its stock price and maintain its listing on the Nasdaq Stock Market.
The company held an extraordinary general meeting on December 15, 2025, where the consolidation plan was ratified. This strategic maneuver will see a reverse stock split of all issued and outstanding ordinary and preferred shares. The board of directors has been granted the authority to implement this consolidation, or multiple consolidations, over the next year, with an aggregate ratio not exceeding 1:200. The specific ratio and timing will be determined at the board’s discretion.
Subsequently, on December 22, 2025, the board resolved to enact a 1-for-10 share consolidation, rounding up any resulting fractional shares. This change is critical for compliance with Nasdaq Marketplace Rule 5550(a)(2), which mandates a minimum bid price per share for listed companies. The new consolidated ordinary shares are slated to commence trading on Nasdaq under the existing symbol “ILAG” on December 30, 2025. Post-consolidation, the number of outstanding ordinary shares will decrease from approximately 20,769,483 to roughly 2,077,448, with a corresponding increase in par value from $0.0001 to $0.01 per share. The new CUSIP number for the ordinary shares will be G4804S119.
The consolidation will also affect the company’s preferred shares. The 2,000,000 Series A preferred shares outstanding will be reduced to approximately 200,000, and the 10,000,000 Series B preferred shares will be consolidated to about 1,000,000, with par values also adjusting from $0.0001 to $0.01.
Each shareholder will receive one post-consolidation share for every ten shares held prior to the split. Importantly, the consolidation is structured to ensure that each shareholder’s proportionate ownership interest and voting power remain largely unchanged, barring minor adjustments due to the handling of fractional shares. Fractional shares will not be issued; instead, they will be rounded up. Shareholders holding shares electronically through brokerage firms will see the consolidation automatically reflected in their accounts, requiring no immediate action on their part.
About Intelligent Living Application Group Inc.
Intelligent Living Application Group Inc. is a distinguished manufacturer and distributor of premium locksets, headquartered in Hong Kong. For over four decades, the company has been dedicated to producing and supplying high-quality mechanical locksets to markets primarily in the United States and Canada. Intelligent Living has consistently evolved its product portfolio to meet burgeoning customer demands, venturing into innovative smart lock solutions. The company holds the ISO9001 quality assurance certification and adheres to rigorous quality and safety standards, including ANSI Grade 2 and Grade 3, as defined by the Builders Hardware Manufacturing Association (BHMA). Continuous investment in proprietary automated production lines, advanced craftsmanship, and new product development underscores Intelligent Living’s commitment to technological advancement and market leadership in the security hardware sector.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements, which are not historical facts, reflect the company’s beliefs and expectations regarding future events and performance. Such statements are subject to inherent risks and uncertainties that could cause actual results to differ materially from those projected. These risks include, but are not limited to, uncertainties regarding the company’s future business development, financial condition, product demand, competitive landscape, technological advancements, regulatory changes, and general economic conditions in key markets. Investors are cautioned against placing undue reliance on these forward-looking statements. The company undertakes no obligation to publicly revise these statements to reflect events or circumstances arising after the date of this release. More detailed information on these risks and uncertainties can be found in the company’s filings with the U.S. Securities and Exchange Commission.
Original article, Author: Jam. If you wish to reprint this article, please indicate the source:https://aicnbc.com/15029.html
