Company: IDVV
Filing Date: 2025-07-03
Form Type: 10-12G/A
Source: 0001683168-25-004925
Chunk: 15

Company: ModuLink Inc.
Filing Date: 2025-07-03
Form: 10-12G/A
Chunk 15
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, a Hong Kong limited liability company, is an investment holding                            
 and project investment company                                                                                                          |
| (7) | ModuLink Australia Pty. Ltd., an Australian limited liability company, is a project management company                                  
 that facilitates project development in Australia. Each of Zenith AY Modular Buildings Company Limited and Zenith (PMS) Limited, a Hong 
 Kong company, hold 40% and 60% of the outstanding securities of ModuLink Australia Pty. Ltd. TAM, Hin Wah Anthony, our Chairman of the  
 Board, is the director and controlling shareholder of Zenith (PMS) Limited.                                                             |

| 1 |

We are a Nevada holding company
with operations conducted through our wholly owned subsidiaries based in Hong Kong and an affiliated company. We also operate through
joint-venture entities that are newly established for our property development projects. This structure presents unique risks as our investors
may never directly hold equity interests in our operating Hong Kong subsidiaries and will be dependent upon contributions from our subsidiaries
to finance our cash flow needs. International Endeavors Corporation and its Hong Kong subsidiaries are not required to obtain permission
from the Chinese authorities including the China Securities Regulatory Commission, or CSRC, or Cybersecurity Administration Committee,
or CAC, to operate or to issue securities to foreign investors. However, in light of the recent statements and regulatory actions by the
PRC government, such as those related to Hong Kong’s national security, the promulgation of regulations prohibiting foreign ownership
of Chinese companies operating in certain industries, which are constantly evolving, and anti-monopoly concerns, we (the parent company
and our subsidiaries) may be subject to the risks of uncertainty of any future actions of the PRC government in this regard including
the risk that we inadvertently conclude that such approvals are not required, that applicable laws, regulations or interpretations change
such that we are required to obtain approvals in the future, or that the PRC government could disallow our holding company structure,
which would likely result in a material change in our operations, including our ability to continue our existing holding company structure,
carry on our current business, accept foreign investments, and offer or continue to offer securities to our investors. These adverse actions
would likely cause value the value of our common stock to significantly decline or become worthless. We may also be subject to penalties
and sanctions imposed by the PRC regulatory agencies, including the Chinese Securities Regulatory Commission, if we fail to comply with
such rules and regulations, which would likely adversely affect the ability