Company: IDVV
Filing Date: 2025-08-12
Form Type: 10-12G/A
Source: 0001683168-25-005941
Chunk: 54

Company: ModuLink Inc.
Filing Date: 2025-08-12
Form: 10-12G/A
Chunk 54
---
 these notes after such twenty-four-month period, if ever.
If we are required to repay these notes prior to achieving profitability, our ability to implement our business plan or to expand our
business may be significantly delayed.

Risks Relating to Doing Business in Hong Kong.

We face the risk that changes in the policies of the PRC government could have a significant impact upon the business we may be able to conduct in Hong Kong and the profitability of such business.

The mainland Chinese government
has significant oversight, discretion and control over the manner in which companies incorporated under the laws of mainland China must
conduct their business activities. We currently operate in Hong Kong which has a separate legal framework from that of mainland
China. However, since Hong Kong is a special administrative region of China, there can be no assurance as to whether the government of
Hong Kong will enact laws and regulations similar to mainland China, or whether any laws or regulations of mainland China will become
applicable to our operations in Hong Kong in the future, which could be at any time and with no advance notice. Therefore, the legal
and operational risks associated with operating in China also apply to operations in Hong Kong. If we were to become subject to such
oversight, discretion and control, including over overseas offerings of securities and/or foreign investments, it may result in a material
adverse change in our operations, significantly limit or completely hinder our ability to offer or continue to offer securities to investors
and cause the value of our securities to significantly decline, which would materially affect the interests of the investors.

| 27 |

We conduct our operations and generate our revenue
in Hong Kong. Our major suppliers and customers are currently all located in Hong Kong and China. Accordingly, economic, political and
legal developments in the PRC will significantly affect our business, financial condition, results of operations and prospects. The PRC
economy is in transition from a planned economy to a market-oriented economy subject to plans adopted by the government that set national
economic development goals. Policies of the PRC government can have significant effects on economic conditions in the PRC. While we believe
that the PRC will continue to strengthen its economic and trading relationships with foreign countries and that business development in
the PRC will continue to follow market forces, we cannot assure you that this will be the case. Our interests may be adversely
affected by changes in policies by the PRC government, including:

| · | changes in laws, regulations or their interpretation;                                                                   |
| · | confiscatory