Company: IDVV
Filing Date: 2025-05-30
Form Type: 10-12G
Source: 0001683168-25-004098
Chunk: 173

Company: ModuLink Inc.
Filing Date: 2025-05-30
Form: 10-12G
Chunk 173
---
 |

| NOTE 19 | INCOME TAXES |

The Company incorporated in the British Virgin
Islands are not subject to income tax under the relevant regulations. Under the current Hong Kong Inland Revenue Ordinance, the subsidiaries
are subject to a 16.5% income tax rate on its taxable income generated from operations in Hong Kong.

Income is subject to taxation in various countries
in which the Company and its subsidiaries operate or are incorporated. The (loss) profit before income taxes by geographical locations
for the years ended December 31, 2024 and 2023 were summarized as follows:

|                        |     | 2024 |          |   |     | 2023 |        |
|:-----------------------|:----|:-----|:---------|:--|:----|:-----|-------:|
| British Virgin Islands |     | $    | (55,000  | ) |     | $    |      – |
| Hong Kong              |     |      | (164,268 | ) |     |      | 34,054 |
|                        |     | $    | (219,268 | ) |     | $    | 34,054 |

| F-35 |

<div align='center'>MODULINK INVESTMENT LIMITED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023</div>

| NOTE 19 | INCOME TAXES (CONTINUED) |

The provision for income taxes consisted for the
years ended December 31, 2024 and 2023 was as follows:

|                                                                 |     | 2024 |          |   |     | 2023 |        |   |
|:----------------------------------------------------------------|:----|:-----|---------:|:--|:----|:-----|-------:|:--|
| (Loss) Profit before income taxes                               |     | $    | (164,268 | ) |     | $    | 34,054 |   |
| Statutory income tax rate                                       |     |      |    16.5% |   |     |      |  16.5% |   |
| Income tax expense / (credit) computed at statutory income rate |     |      |  (27,104 | ) |     |      |  5,617 |   |
| Reconciling items:                                              |     |      |          |   |     |