Company: IDVV
Filing Date: 2025-05-30
Form Type: 10-12G
Source: 0001683168-25-004098
Chunk: 92

Company: ModuLink Inc.
Filing Date: 2025-05-30
Form: 10-12G
Chunk 92
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 being the primary currency of the economic environment in which their operations are conducted. In general,
for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in
accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet
date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation
of financial statements of foreign subsidiary are recorded as a separate component of accumulated other comprehensive income within the
statements of changes in shareholders’ equity.

Translation of amounts from HKD into US$ has been
made at the following exchange rates for the years ended December 31, 2024 and 2023:

|                                |     |     | December 31, 2024 |     |     | December 31, 2023 |
|:-------------------------------|:----|:----|------------------:|:----|:----|------------------:|
| Year-end HKD:US$ exchange rate |     |     |            0.1282 |     |     |            0.1282 |
| Average HKD:US$ exchange rate  |     |     |            0.1282 |     |     |            0.1277 |

| 47 |

| · | Comprehensive income |

ASC Topic 220, “Comprehensive Income”,
establishes standards for reporting and display of comprehensive income, its components and accumulated balances. Comprehensive income
as defined includes all changes in equity during a period from non-owner sources. Accumulated other comprehensive income, as presented
in the accompanying consolidated statements of changes in shareholders’ equity, consists of changes in unrealized gains and losses
on foreign currency translation. This comprehensive income is not included in the computation of income tax expense or benefit.

| · | Related parties |

The Company follows the ASC 850-10, “Related Party Disclosures” for the identification of related parties and disclosure of related party transactions.

Pursuant to section 850-10-20 the related parties
include a) affiliates of the Company; b) entities for which investments in their equity securities would be required, absent the election
of the fair value option under the Fair Value Option Subsection of section 825-10-15, to be accounted for by the equity method by the
investing entity; c) trusts for the benefit of employees, such as pension and Income-sharing trusts that are managed by