Company: IDVV
Filing Date: 2025-09-18
Form Type: 10-12G/A
Source: 0001683168-25-007099
Chunk: 47

Company: ModuLink Inc.
Filing Date: 2025-09-18
Form: 10-12G/A
Chunk 47
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 may obtain information on the operation of the Public Reference Room by calling
the SEC at 1-800-SEC-0330.

| Item 1A. | Risk Factors |

The following information sets forth risk factors that could cause our actual results to differ materially from those contained in forward-looking statements we have made in this registration statement and those we may make from time to time. You should carefully consider the risks described below, in addition to the other information contained in this registration statement, before making an investment decision. Our business, financial condition or results of operations could be harmed by any of these risks. The risks and uncertainties described below are not the only ones we face. Additional risks not presently known to us or other factors not perceived by us to present significant risks to our business at this time also may impair our business operations.

Risks Related to Our Business and Industry

We have not yet begun generating significant revenue as our business of building properties through the use of modular integrated construction technology (“MiC”), embedded with atmospheric water generators (“AWG”), together with a property management system powered by internet of things technology (“IoT”), is at a development stage that is dependent upon the financial support of our stockholders to finance our operations. Further, our financial statements have been prepared assuming that we will continue as a going concern. As such, we are dependent upon the continued support of our insiders to continue operations.

We have not yet begun generating
significant revenues and are dependent upon the continued support of our majority shareholders to continue operations. Our financial statements
have been prepared assuming that we will continue as a going concern. Our continuation as a going concern is dependent upon improving
our profitability and the continuing financial support from our stockholders. If our assumption regarding profitability or the continued
support of our stockholders is not valid, we may not be able to pursue our business plan or continue operations as planned, which may
materially and adversely affect our financial condition and results of operations. Further, the value of your securities may be significantly
and adversely affected or become worthless.

| 23 |

We have substantial customer concentration, with two customers accounting for all of our 2024 revenues.

We
currently derive all of our revenues from two customers, Zenith (HK) Engineering Limited and an individual based in Hong Kong, each of
which accounted 72% and 28%, respectively of our revenues in fiscal 2024. In fiscal 2023, the same individual accounted for all of our
revenues. There are inherent risks whenever a large