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Bong Lau reports 43.8% stake in Intelligent Living Application Group (ILAG)

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

Intelligent Living Application Group Inc. discloses that Chief Executive Officer and chairman Bong Lau beneficially owns 1,434,000 securities, representing about 43.8% of the ordinary share class on a converted basis. This includes 234,000 ordinary shares, 200,000 Series A preferred shares and 1,000,000 Series B preferred shares, each preferred share convertible into one ordinary share at the holder’s option.

The percentage is calculated using 2,076,974 issued and outstanding ordinary shares as of March 17, 2026, plus 1,200,000 ordinary shares issuable upon preferred share conversion within 60 days. Series A carries twenty votes per share and Series B carries fifty votes per share, giving Lau substantial voting control. The report notes a one-for-ten share consolidation in December 2025 and describes Lau’s employment agreement providing annual cash compensation of $204,000 and Series B preferred shares over a five-year term.

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Insights

Filing shows CEO Bong Lau holding 43.8% voting-equivalent stake via high-vote preferred shares.

Bong Lau, CEO and chairman of Intelligent Living Application Group Inc., reports beneficial ownership of 1,434,000 securities, representing about 43.8% of the ordinary share class on a converted basis. This combines ordinary shares with Series A and Series B preferred shares, each convertible one-for-one into ordinary shares.

Each Series A preferred share has twenty votes and each Series B preferred share has fifty votes, so the economic stake translates into outsized voting influence. The calculation assumes 2,076,974 ordinary shares outstanding as of March 17, 2026 plus 1,200,000 ordinary shares issuable from preferred shares within 60 days.

The filing also references a one-for-ten share consolidation in December 2025, which increased the per-share voting weight of existing positions, and an employment agreement granting $204,000 in annual cash pay and Series B preferred share compensation over five years. Future company filings may further detail how this concentrated control interacts with board and shareholder decision-making.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
The number of shares reported in rows 7, 9 and 11 include: (i) 234,000 ordinary shares, (ii) 200,000 series A preferred shares (each with 20 voting power and each series A preferred share is convertible into one ordinary share of the Company at the holder's option) and (iii) 1,000,000 series B preferred shares(each with 50 voting power and each series B preferred share is convertible into one ordinary share of the Company at the holder's option). Calculated based on: (i) a total of 2,076,974 issued and outstanding ordinary shares of the Issuer as of March 17, 2026 provided by the transfer agent to the Company and (ii) if the holder converts all series A and series B preferred shares to 1,200,000 ordinary shares in 60 days.


SCHEDULE 13D


Bong Lau
Signature:/s/ Bong Lau
Name/Title:Bong Lau
Date:03/20/2026

FAQ

How much of Intelligent Living (ILAG) does CEO Bong Lau beneficially own?

Bong Lau beneficially owns about 43.8% of Intelligent Living’s ordinary share class on a converted basis. This reflects 1,434,000 securities, including ordinary shares plus Series A and Series B preferred shares assumed converted into 1,200,000 ordinary shares within 60 days.

What securities does Bong Lau hold in Intelligent Living Application Group Inc. (ILAG)?

Bong Lau holds 234,000 ordinary shares, 200,000 Series A preferred shares and 1,000,000 Series B preferred shares. Each Series A preferred share has twenty votes and each Series B preferred share has fifty votes, and each preferred share is convertible into one ordinary share at his option.

How was Bong Lau’s 43.8% ownership in ILAG calculated?

The 43.8% figure is based on 2,076,974 issued and outstanding ordinary shares as of March 17, 2026, plus 1,200,000 ordinary shares assumed issuable from converting all Series A and Series B preferred shares within 60 days, as required for Schedule 13D beneficial ownership calculations.

What voting power do Bong Lau’s preferred shares in ILAG carry?

Each Series A preferred share carries twenty votes and each Series B preferred share carries fifty votes. When combined with his ordinary shares, these high-vote preferred shares give Bong Lau substantial influence over shareholder decisions relative to his economic stake.

What compensation arrangements does ILAG have with CEO Bong Lau?

Under an employment agreement dated August 5, 2025, Bong Lau receives annual cash compensation of $204,000, payable monthly, and 10,000,000 Series B preferred shares (before a one-for-ten share consolidation). The agreement has a five-year term and was approved by the compensation committee and the board.

What share consolidation did Intelligent Living (ILAG) implement and how does it affect the numbers?

In December 2025, Intelligent Living implemented a one-for-ten share consolidation for its issued and authorized ordinary and preferred shares. The share numbers in the Schedule 13D are presented on a post-consolidation basis, except for the historical grant figures described in Item 6.
Intelligent Living Application Group Inc.

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