Company: IDVV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008369
Chunk: 21

Company: ModuLink Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 8
Chunk 21
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 and controlling shareholder of Zenith (PMS) Limited.

Business and Financial plans

The Company has not undertaken
any MiC projects since 2024 but has strategically dedicated its efforts to essential groundwork - such as regulatory planning, site selection,
and capital to support the successful rollout of future projects. The Company is currently working to identify cost-effective areas and
or engaging in feasibility discussions with local partners and landowners to assess project viability and strategic alignment in Australia
and Hong Kong. The Company seeks to commence one to two MiC projects in the next twelve months contingent upon successfully securing requisite
funding.

In January 2025, we began
providing design and management services for a residential property in Hong Kong. We also continued our MiC business development efforts
and the provision of design services management with Zenith (HK). ModuLink is actively exploring potential development projects in Australia,
North America and various parts of Europe. Concurrently, ModuLink InnoTech Company Limited expects to continue to invest in the research
and development of AWG and IoT technologies, aiming to integrate these cutting-edge innovations into the smart, sustainable homes that
the ModuLink group will build in the future.

Australia: Affordable Housing for Elderly or
Retirement Communities

In Australia, Zenith AY Modular
Buildings Limited and our affiliated company, ModuLink Australia Pty Ltd. are evaluating potential affordable housing projects located
in the New South Wales and Victoria regions targeted at elderly or retired residents. Under this initiative, project-specific joint venture
entities will be established to lead the planning, project financing, sales and promotion of the properties. ModuLink Australia Pty Ltd.
will be responsible for project management and architectural design by leveraging its core expertise in modular construction. We expect
that each housing unit will offer optional integration with ModuLink’s proprietary Atmospheric Water Generator (AWG) system for
off-grid water supply, as well as a power storage system for off-grid energy independence. Additionally, the homes will be equipped with
embedded IoT devices, including vital sign monitoring and alert systems, to enhance resident safety and well-being. This project aligns
with ModuLink’s commitment to developing sustainable, smart living environments tailored to the needs of vulnerable populations.

We intend to focus on New
South Wales and Victoria regions, where we believe the demand for affordable housing is high. Currently, Zenith AY Modular Buildings Limited
has built a smart modular house in Melbourne to showcase our top-tier design. With respect to our Australia projects