Company: IDVV
Filing Date: 2025-05-30
Form Type: 10-12G
Source: 0001683168-25-004098
Chunk: 166

Company: ModuLink Inc.
Filing Date: 2025-05-30
Form: 10-12G
Chunk 166
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 though retrospective application is permitted.
The adoption of ASU 2023-09 is expected to have a financial statement disclosure impact only and is not expected to have a material impact
on the Company’s consolidated financial statements.

Other pronouncements issued by the FASB or other
authoritative accounting standards groups with future effective dates are either not applicable or are not expected to be significant
to the Company’s financial position, results of operations or cash flows.

| NOTE 3 | SUBSIDIARIES |

Details of the Company’s principal
consolidated subsidiaries as of December 31, 2024 and 2023 were as follows:

| Name                                                         | Place of      
 Incorporation | Ownership/Control 
 interest          
 attributable to   
 the Company       
 2024 2023         |     | Principal                                                       
 activities                                                      |
| ModuLink Corporation Limited (“MCL”) (i)                     | Hong Kong     | 100%   Nil        |     | Holding company and provision of intergroup management services |
| Zenith Integrated Modular Limited (“ZIML”) (ii)              | Hong Kong     | 100%   Nil        |     | Provision of construction and engineering services              |
| Zenith AY Modular Buildings Company Limited (“ZAMBCL”) (iii) | Hong Kong     | 100%   Nil        |     | Provision of project management services in overseas (v)        |
| ModuLink InnoTech Company Limited (“MICL”) (iv)              | Hong Kong     | 100%   Nil        |     | Provision of technology management services  (vi)               |

| F-29 |

<div align='center'>MODULINK INVESTMENT LIMITED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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

| NOTE 3 | SUBSIDIARIES (CONTINUED) |

Remarks:

| i)   
 ii)  | ModuLink Corporation Limited was incorporated on June                                                                                          
 26, 2024 in Hong Kong.                                                                                                                         
 ZIML was incorporated on August                                                                                                                
 13, 2021, as a wholly owned subsidiary of a Hong Kong limited company, which was beneficially held by Anthony Hin Wah TAM (“Mr.                
 TAM”), a major shareholder, director and chairman of the Company. On August 1, 2024, a share swap agreement was executed among ZIML,           
 MCL, the Hong Kong entity