Company: IDVV
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001683168-25-006029
Chunk: 113

Company: ModuLink Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 113
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 or
Retirement Communities

In Australia, Zenith AY Modular
Buildings Limited and our affiliated company, ModuLink Australia Pty Ltd. are evaluating potential affordable housing projects located
in the New South Wales and Victoria regions targeted at elderly or retired residents. Under this initiative, project-specific joint venture
entities will be established to lead the planning, project financing, sales and promotion of the properties. ModuLink Australia Pty Ltd.
will be responsible for project management and architectural design by leveraging its core expertise in modular construction. We expect
that each housing unit will offer optional integration with ModuLink’s proprietary Atmospheric Water Generator (AWG) system for
off-grid water supply, as well as a power storage system for off-grid energy independence. Additionally, the homes will be equipped with
embedded IoT devices, including vital sign monitoring and alert systems, to enhance resident safety and well-being. This project aligns
with ModuLink’s commitment to developing sustainable, smart living environments tailored to the needs of vulnerable populations.

 6 

We intend to focus on New
South Wales and Victoria regions, where we believe the demand for affordable housing is high. Currently, Zenith AY Modular Buildings
Limited has built a smart modular house in Melbourne to showcase our top-tier design. With respect to our Australia projects, we expect
to purchase building modules designed by us from Chinese manufacturers, source other building components locally and partner with local
architects and sub-contractors to ensure a smooth building process and compliance with local building codes. We further expect ModuLink
InnoTech Company Limited to assist in developing custom building management and AWG solutions for our projects in Australia. 

We are in active discussions
to raise the funds necessary to finance our potential property development projects in Australia. We believe that we will be able to
commence our affordable housing property development projects in the next twelve months assuming that we are able to successfully raise
approximately $6.5 million. If we are able to raise approximately $11.5 million, we expect to begin acquiring land to build our land
reserve for future projects. 

Canada/North America/Parts of Europe:

We are currently engaged
in very preliminary considerations for projects located in these regions. We hope to initiate outreach with local partners as market
conditions and finances permit.

Results of Operations.

Overview

The Company is engaged in
the business of property development by implementing modular integrated construction technology (“MiC”), embedded with our
proprietary atmospheric water generators (“AWG”) and