Company: IDVV
Filing Date: 2025-05-30
Form Type: 10-12G
Source: 0001683168-25-004098
Chunk: 5

Company: ModuLink Inc.
Filing Date: 2025-05-30
Form: 10-12G
Chunk 5
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 that as a result, an exchange may determine to delist our securities.
On June 22, 2021, the U.S. Senate passed the Accelerating Holding Foreign Companies Accountable Act (HFCAA) which would reduce 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 2, 2021, the U.S. Securities and Exchange Commission
adopted rules to implement the HFCAA. 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 and our securities may be delisted from OTC Markets as a
result. Furthermore, due to the recent developments in connection with the implementation of the Holding Foreign Companies Accountable
Act, 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