Company: IDVV
Filing Date: 2025-07-03
Form Type: 10-12G/A
Source: 0001683168-25-004925
Chunk: 5

Company: ModuLink Inc.
Filing Date: 2025-07-03
Form: 10-12G/A
Chunk 5
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 or CAC, given that: (i) we do not have one million
individual online users of our products and services in Hong Kong; (ii) we do not possess a large amount of personal information in our
business operations. In addition, we are not subject to merger control review by China’s anti-monopoly enforcement agency due to
the level of our revenues which provided from us and audited by our auditor and the fact that we currently do not expect to propose or
implement any acquisition of control of, or decisive influence over, any company with revenues within China of more than Renminbi (“RMB”)
400 million. Currently, these statements and regulatory actions have had no impact on our daily business operations, the ability to accept
foreign investments and list our securities on an U.S. or other foreign exchange. However, since these statements and regulatory actions
are new, it is highly uncertain how soon legislative or administrative regulation making bodies will respond and what existing or new
laws or regulations or detailed implementations and interpretations will be modified or promulgated, if any, and the potential impact
such modified or new laws and regulations will have on our daily business operation, the ability to accept foreign investments and list
our securities on an U.S. or other foreign exchange. For a detailed description of the risks the Company is facing and the offering associated
with our operations in Hong Kong, please refer to “Risk Factors – Risks Relating to Doing Business in Hong Kong.”

The recent joint statement
by the SEC and PCAOB, and the Holding Foreign Companies Accountable Act all call for additional and more stringent criteria to be applied
to emerging market companies upon assessing the qualification of their auditors, especially the non-U.S. auditors who are not inspected
by the PCAOB. Trading in our securities may be prohibited under the Holding Foreign Companies Accountable Act if the PCAOB determines
that it cannot inspect or investigate completely our auditor, and that as a result, an exchange may determine to delist our securities.
On June 22, 2021, the U.S. Senate passed the Accelerating Holding Foreign Companies Accountable Act (HFCAA) which would reduce the number
of consecutive non-inspection years required for triggering the prohibitions under the HFCAA from three years to two thus reducing the
time before our securities may be prohibited from trading or being delisted. On December 2, 2021, the U.S. Securities and Exchange Commission
adopted rules to implement the HFCAA. On