Company: IDVV
Filing Date: 2025-07-03
Form Type: 10-12G/A
Source: 0001683168-25-004925
Chunk: 49

Company: ModuLink Inc.
Filing Date: 2025-07-03
Form: 10-12G/A
Chunk 49
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 and we are engaged on a project by project basis. Customers are not
parties to on-going contracts and there is no assurance that the Company can retain customers. For these reasons, we believe that our
results of operations during the periods presented in this prospectus are not comparable. Moreover, the historical financial information
included in this prospectus may not be indicative of our future performance or prospects. There can be no assurance that we will be able
to achieve similar growth trend of our business in our home markets and/or the international markets where the business, regulatory and
customer landscapes may differ significantly from Hong Kong. As such, our past historical results of operations may not be indicative
of our future performance or prospects.

| 23 |

We rely on third-party manufacturers and partners for critical components, and any interruptions in the provision of products provided by these third parties may impair our ability to deliver properties to our clients.

We depend on third-party providers
for various critical components of our property development projects, such as the manufacturing of modular integrated units and our proprietary
atmospheric water generators. These elements are fundamental to our deliverables, and reliance on third parties exposes us to elevated
operational risks. As we do not oversee the manufacturing processes of these external providers, there is a possibility that they may
fail to supply the required modular integrated units to the expected standards or encounter unforeseen challenges. In such scenarios,
securing suitable alternatives promptly, efficiently, and under favorable terms could prove challenging or even impossible. This could
result in disruptions to our operations, financial losses, costs associated with addressing deficiencies, diminished customer satisfaction,
damage to our reputation, legal or regulatory liabilities, or other adverse effects that may significantly impact our business.

We may face construction services shortages which may adversely affect our ability to deliver modular units.

Though our critical components
modular integrated units are manufacturing in the factory, we rely on a network of local workers to perform limited installation and interfacing
services. However, our industry and the Hong Kong and Australian economies have experienced labor shortages, as well as delays with respect
to state and municipal construction permitting, inspections and utility processes. Such constraints, cost pressures and delays have increased
our costs, reduced our revenues, and in some instances, led to home sales contract cancellations or lower customer satisfaction.

We are subject to warranty risks.

Our property development business
is subject to warranty and construction defect claims. Due to our dependence on the performance of independent third party manufacturers
and contractors to provide products and materials and carry out