Company: IDVV
Filing Date: 2025-05-30
Form Type: 10-12G
Source: 0001683168-25-004098
Chunk: 133

Company: ModuLink Inc.
Filing Date: 2025-05-30
Form: 10-12G
Chunk 133
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 (“MCL”), Zenith Integrated Modular Limited (“ZIML”), Zenith AY Modular Buildings Company Limited
(“ZAMBCL”) and ModuLink InnoTech Company Limited (“MICL”).

Details of the Company’s principal subsidiaries
as of March 31, 2025 and December 31, 2024 are described in Note 3 – Subsidiaries.

The Company’s fiscal year end is December
31.

The Reorganization and Company Restructuring

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 exchanged
their respective shareholdings for proportionate shareholdings in the Company. The Company issued a total of 10,000 shares to the shareholders
of MCL and following the completion of the share exchange, the Company became the holding company of MCL.

MCL was incorporated on June 26, 2024, and 10,000
ordinary shares were issued to the founder members at HK$1 each on date of incorporation totalling HK$10,000 for raising the initial working
capital. Since its incorporation, the Company has undergone a series of reorganizations in 2024, including the share exchange of its shares
for acquisition of certain equity interests in three Hong Kong limited companies, namely ZIML, ZAMBCL and MICL, from the three founder
members of the Company, who are the major shareholders of the Company. In September, 2024, 70,000 shares were issued to the three founder
members for the exchange of shares in these companies. After the share exchange transaction, ZIML, ZAMBCL and MICL became the wholly-owned
subsidiaries of MCL. Details of which can be referred to Note 3. In 2024, MCL entered into the subscription agreement with 8 individuals
under which these individuals being the subscriber agreed to purchase the shares of the Company at HK$625 or US$80.13 per share. A total
of 20,000 ordinary shares were issued to the subscribers.

As the Company and its consolidated entities were
under the common control of the major shareholders before and after the reorganization, the transaction was therefore accounted for as
a reorganization of entities under common control in accordance with U.S. GAAP. Under the guidance for transactions among entities under
common control, the Company recognized the acquired subsidiaries at their historical