Company: IDVV
Filing Date: 2025-08-12
Form Type: 10-12G/A
Source: 0001683168-25-005941
Chunk: 5

Company: ModuLink Inc.
Filing Date: 2025-08-12
Form: 10-12G/A
Chunk 5
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 determines
that it cannot inspect or investigate completely our auditor, and that as a result, an exchange may determine to delist our securities.
The Consolidated Appropriations Act, 2023 amended the HFCAA and reduced the number of consecutive non-inspection years required for
triggering the prohibitions under the HFCAA from three years to two thus reducing the time before our securities may be prohibited from
trading or being delisted. On December 16, 2021, the Public Company Accounting Oversight Board (PCAOB) issued its report notifying
the Commission that it is unable to inspect or investigate completely accounting firms headquartered in mainland China or Hong Kong due
to positions taken by authorities in mainland China and Hong Kong. On December 15, 2022, the PCAOB issued a report that vacated its December
16, 2021 determination and removed mainland China and Hong Kong from the list of jurisdictions where it is unable to inspect
or investigate completely registered public accounting firms. Our auditor is based in Hong Kong and is subject to PCAOB inspection. It
is not subject to the determinations announced by the PCAOB on December 16, 2021. Each year, the PCAOB will determine whether it can
inspect and investigate completely audit firms in mainland China and Hong Kong, among other jurisdictions. If PCAOB determines in the
future that it no longer has full access to inspect and investigate completely accounting firms in mainland China and Hong Kong and
we continue to use an accounting firm headquartered in Hong Kong to issue an audit report on our financial statements filed with the
Securities and Exchange Commission, we would be identified as a Commission-Identified Issuer following the filing of the annual report
on Form 10-K for the relevant fiscal year. There can be no assurance that we would not be identified as a Commission-Identified Issuer
for any future fiscal year, and if we were so identified for two consecutive years, we would become subject to the prohibition on trading
under the HFCAA, as amended by the Consolidated Appropriations Act, and our securities may be delisted from OTC Markets as a result.
Furthermore, we cannot assure you whether the SEC or other regulatory authorities would apply additional and more stringent criteria
to us after considering the effectiveness of our auditor’s audit procedures and quality control procedures, adequacy of personnel
and training, or sufficiency of resources, geographic reach or experience as it relates to the audit of our financial statements.
Please see “Risk Factors- The Holding Foreign