Company: IDVV
Filing Date: 2025-05-30
Form Type: 10-12G
Source: 0001683168-25-004098
Chunk: 135

Company: ModuLink Inc.
Filing Date: 2025-05-30
Form: 10-12G
Chunk 135
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 be read in conjunction with our audited consolidated financial statements and accompanying notes for the year ended December 31,
2024. The results for the three months periods ended March 31, 2025 and 2024, are not necessarily indicative of the results to be expected
for a full year, any other interim periods or future years or periods.

(B) Principles of Consolidation

The consolidated financial statements include
the financial statements of ModuLink Investment Limited and its subsidiaries and associated companies for which it is the primary beneficiary.
Upon making this determination, the Company is deemed to be the primary beneficiary of these entities, which are then required to be consolidated
for financial reporting purpose. All significant intercompany transactions and balances have been eliminated upon consolidation.

Transactions involving entities under common control
are accounted for using the merger accounting. The consolidated financial statements of the combining entities are presented as if the
reorganization occurred at the beginning of the earliest reporting period presented. No gain or loss is recognized in the consolidated
financial statements as a result of the reorganization. The historical financial information of all entities under common control is combined
retroactively for all periods presented. The financial statements reflect consistent accounting policies and principles across all entities.

(C) Use of Estimates

The Company’s consolidated financial statements
require management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated
financial statements and reported amounts of revenue and expense during the reporting period. Estimates are used when accounting for certain
items such as accounting for income tax valuation allowances. Estimates are based on historical experience, where applicable, and assumptions
that management believes are reasonable under the circumstances. Due to the inherent uncertainty involved with estimates, actual results
may differ.

| F-7 |

<div align='center'>MODULINK INVESTMENT LIMITED

CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

(UNAUDITED)</div>

| NOTE 3 | SUBSIDIARIES |

Details of the Company’s principal consolidated
subsidiaries as of March 31, 2025 and December 31, 2024 were as follows:

| Name                                                         |     | Place of Incorporation |     | Ownership/Control interest attributable to the Company March 31, 2025 and December 31, 2024 |     | Principal activities                                            |
|:-------------------------------------------------------------|:----|:-----------------------|:----|