Company: IDVV
Filing Date: 2025-08-12
Form Type: 10-12G/A
Source: 0001683168-25-005941
Chunk: 49

Company: ModuLink Inc.
Filing Date: 2025-08-12
Form: 10-12G/A
Chunk 49
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 contraction or stagflation around the globe may trigger
a rise in home sales contract cancellations. In addition, these conditions, along with heightened competition from other homebuilders
and sellers and landlords of existing homes may lead us to reduce our home selling prices or offer other concessions to attract or retain
buyers, negatively affecting our revenues and margins and, to the extent the concessions we offer are not sufficient to attract and retain
buyers, our net orders.

We are not parties to long term contracts with our clients and operate on a project by project basis. As a result, historical results of operations are not indicative of our future performance or prospects.

Our construction services
and property development projects are unique and project-specific, and we are engaged on a project by project basis. Customers are not
parties to on-going contracts and there is no assurance that the Company can retain customers. For these reasons, we believe that our
results of operations during the periods presented in this prospectus are not comparable. Moreover, the historical financial information
included in this prospectus may not be indicative of our future performance or prospects. There can be no assurance that we will be able
to achieve similar growth trend of our business in our home markets and/or the international markets where the business, regulatory and
customer landscapes may differ significantly from Hong Kong. As such, our past historical results of operations may not be indicative
of our future performance or prospects.

| 24 |

We rely on third-party manufacturers and partners for critical components, and any interruptions in the provision of products provided by these third parties may impair our ability to deliver properties to our clients.

We depend on third-party providers
for various critical components of our property development projects, such as the manufacturing of modular integrated units and our proprietary
atmospheric water generators. These elements are fundamental to our deliverables, and reliance on third parties exposes us to elevated
operational risks. As we do not oversee the manufacturing processes of these external providers, there is a possibility that they may
fail to supply the required modular integrated units to the expected standards or encounter unforeseen challenges. In such scenarios,
securing suitable alternatives promptly, efficiently, and under favorable terms could prove challenging or even impossible. This could
result in disruptions to our operations, financial losses, costs associated with addressing deficiencies, diminished customer satisfaction,
damage to our reputation, legal or regulatory liabilities, or other adverse effects that may significantly impact our business.

We may face construction services shortages which may adversely affect our ability to deliver modular units.

Though our