Company: IDVV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008369
Chunk: 20

Company: ModuLink Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 8
Chunk 20
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, ModuLink is deemed to be
the accounting acquirer for accounting purposes. The transaction will be treated as a recapitalization of the Company. Accordingly, the
consolidated assets, liabilities and results of operations of the Company will become the historical financial statements of ModuLink
after the acquisition date. ModuLink was the legal acquiree but is deemed to be the accounting acquirer. The Company, on the other hand,
was the legal acquirer but is deemed to be the accounting acquiree in the reverse merger. The historical financial statements prior to
the acquisition are those of the accounting acquirer. Historical stockholders’ equity of the accounting acquirer prior to the merger
are retroactively restated (a recapitalization) for the equivalent number of shares received in the merger. Operations prior to the merger
are those of the acquirer. After completion of the share exchange transaction, the Company’s consolidated financial statements include
the assets and liabilities, the operations and cash flow of the accounting acquirer.

Our corporate structure is
described below:

    (1)
    International Endeavors Corporation, a Nevada corporation, is our parent holding company and conducts no business operations.
  
    (2)
    ModuLink Investment Limited, a British Virgin Islands limited company, is a holding company.

 5 

    (3)
    ModuLink Corporation Limited, a Hong Kong limited liability company, focuses on strategic planning and providing intergroup management services serving its subsidiaries.
  
    (4)
    Zenith Integrated Modular Limited, a Hong Kong limited liability company, provides design, engineering and holistic project management services, including project planning, procurement, logistics, assembly and installation.
  
    (5)
    ModuLink InnoTech Company Limited, a Hong Kong limited liability company, is a technology development company focused on AWG and building management systems with built-in software to enable real-time monitoring and control.
  
    (6)
    Zenith AY Modular Buildings Company Limited, a Hong Kong limited liability company, is an investment holding and project investment company
  
    (7)
    ModuLink Australia Pty. Ltd., an Australian limited liability company, is a project management company that facilitates project development in Australia. Each of Zenith AY Modular Buildings Company Limited and Zenith (PMS) Limited, a Hong Kong company, hold 40% and 60% of the outstanding securities of ModuLink Australia Pty. Ltd. TAM, Hin Wah Anthony, our Chairman of the Board, is the director