Company: IDVV
Filing Date: 2025-09-18
Form Type: 10-12G/A
Source: 0001683168-25-007099
Chunk: 4

Company: ModuLink Inc.
Filing Date: 2025-09-18
Form: 10-12G/A
Chunk 4
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 controlled,
and maliciously exploited by foreign governments,” The cybersecurity review will also investigate the potential national security
risks from overseas IPOs. On January 4, 2022, the CAC, in conjunction with 12 other government departments, issued the New Measures for
Cybersecurity Review (the "New Measures") on January 4, 2022. The New Measures amends the Draft Measures released on
July 10, 2021 and became effective on February 15, 2022.

| ii |

The business of our subsidiaries
is not subject to cybersecurity review with the Cyberspace Administration of China, 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