Company: IDVV
Filing Date: 2025-05-30
Form Type: 10-12G
Source: 0001683168-25-004098
Chunk: 141

Company: ModuLink Inc.
Filing Date: 2025-05-30
Form: 10-12G
Chunk 141
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: USD 1.91 million) in respect of the subsidiary providing a corporate
guarantee to a bank for securing the general banking facilities granted to both the subsidiary and the shareholder of the immediate holding
company.

As of March 31, 2025 and December 31, 2024, the
Company’s management is of the opinion that there are no other commitments and contingencies to account for, except for those mentioned
above.

| NOTE 15 | STOCKHOLDERS’ EQUITY |

(A) Share capital

The Company was incorporated on March 13, 2025.
On March 25, 2025, the Company undertook a group restructuring through a share exchange transaction. Pursuant to the transaction, all
shareholders of ModuLink Corporation Limited (“MCL”) exchanged their respective shareholdings for proportionate shareholdings
in the Company. The Company issued a total of 10,000 shares of US$1 each to the shareholders of MCL and following the completion of the
share exchange, the Company became the holding company of MCL.

(B) Dividends

The Company has not declared any dividends since
incorporation.

| NOTE 16 | RELATED PARTY TRANSACTIONS |

Except as set forth below, during the three months
ended March 31, 2025 and 2024, the Company did not enter into any material transactions or series of transactions that would be considered
material in which any officer, director or beneficial owner of 5% or more of any class of the Company’s capital stock, or any immediate
family member of any of the preceding persons, had a direct or indirect material interest.

During the three months ended March 31, 2025 and
2024, the Company recognized rental expense of $10,522 (2024: $Nil) payable to AY Consulting Services Company Limited. The Company’s
Chief Financial Officer is a director and shareholder of AY Consulting Services Company Limited.

In addition to the transactions and balances detailed elsewhere in
these financial statements, the Company had the following transactions with the related company:

|                                                                         |     | Three months ended March 31, 
 2025                         |         |     | 2024 |   |
|:------------------------------------------------------------------------|:----|:-----------------------------|--------:|:----|:-----|:--|
| Project and design management service fees paid to Zenith (PMS) Limited |     | $                            | 134,615 |