#Hong Kong #Intelligent Living #Nasdaq ILAG #lockset manufacturer

Intelligent Living Application Group Inc. Receives NASDAQ Extension

On July 24, 2025, Intelligent Living Application Group Inc. (NASDAQ: ILAG), a prominent lockset manufacturer based in Hong Kong, announced that it has secured an extension from NASDAQ allowing it an additional 180 days to meet its minimum bid price requirement. This extension, which lasts until January 19, 2026, is crucial for the company to maintain its listing on the NASDAQ Capital Market.

Background of the Extension

This extension was granted after NASDAQ's Listing Qualifications Staff determined that Intelligent Living had satisfied the continued listing criteria concerning the market value of publicly held shares and met other applicable requirements. However, the company failed to meet the threshold of a $1.00 closing bid price per share.

Intelligent Living notified NASDAQ of its intention to address this deficiency by potentially implementing a reverse stock split, should it become necessary. The company is optimistic that if the closing bid price reaches and maintains at least $1.00 per share for a minimum of ten consecutive business days within this extension period, NASDAQ will confirm its compliance and close the matter.

Should Intelligent Living fail to demonstrate compliance by January 19, 2026, it will receive written notification from NASDAQ indicating that its securities will face delisting. At that point, the company retains the right to appeal the decision to a Hearings Panel within NASDAQ.

Impact on Trading

Despite NASDAQ’s notification, there are no immediate repercussions for the trading or listing of Intelligent Living's ordinary shares, which will continue to be available on the NASDAQ Capital Market under the symbol