Company: IDVV
Filing Date: 2025-05-30
Form Type: 10-12G
Source: 0001683168-25-004098
Chunk: 175

Company: ModuLink Inc.
Filing Date: 2025-05-30
Form: 10-12G
Chunk 175
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     |   | 2023 |
|:----------------------------------|:----|:--|-------:|:----|:--|-----:|
| At the beginning of the year      |     | $ |    272 |     | $ |   25 |
| Current year addition (reduction) |     |   | 66,521 |     |   |  247 |
| At the end of the year            |     | $ | 66,793 |     | $ |  272 |

| F-36 |

<div align='center'>MODULINK INVESTMENT LIMITED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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

| NOTE 20 | CONCENTRATION OF RISK |

Credit risk

Financial instruments that potentially subject
the Group to significant concentrations of credit risk consist primarily of cash. As of December 31, 2024 and 2023, cash balance
of $382,127 and $360,469 was maintained at financial institutions in Hong Kong and approximately HK$800,000 were insured by the Hong Kong
Deposit Protection Board. While management believes that these financial institutions are of high credit quality, it also continually
monitors their credit worthiness.

Customer risk

Details of the customer accounting for 10% or
more of total revenues are as follows:

|            |     | 2024 |     |     | 2023 |      |
| Customer A |     |      | 28% |     |      | 100% |
| Customer B |     |      | 72% |     |      | –    |

Details of the customer which accounted for 10%
or more of accounts receivable are as follows:

|            |     | 2024 |      |     | 2023 |      |
| Customer A |     |      | 100% |     |      | 100% |

Supplier risk

Details of the suppliers accounting for 10% or
more of cost of services are as follows:

|            |     | 2024 |     |     | 2023 |     |
| Supplier A |     |      | 70% |     |      | –   |
| Supplier B |     |      | –   |     |      | 34% |
| Supplier C |     |      | 9%  |     |      | 31% |

Details of