Company: IDVV
Filing Date: 2025-07-03
Form Type: 10-12G/A
Source: 0001683168-25-004925
Chunk: 53

Company: ModuLink Inc.
Filing Date: 2025-07-03
Form: 10-12G/A
Chunk 53
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as we can generate substantial revenue, we expect to finance our cash needs through a combination of equity offerings, debt financings,
and development agreements in connection with any collaborations. To the extent that we raise additional capital through the sale of equity
or convertible debt securities, your ownership interest will be diluted, and the terms of these securities may include liquidation or
other preferences that adversely affect your rights as a stockholder. Debt financing and preferred equity financing, if available, may
involve agreements that include covenants limiting or restricting our ability to take specific actions, such as incurring additional debt,
making capital expenditures or declaring dividends.

If we are unable to raise
additional funds through equity or debt financings when needed, we may be required to delay, limit, reduce or terminate our property development
projects in our target markets.

We are indebted to Zenith (HK), a customer that accounted for approximately 72% of our revenues, in the approximate amount of US$124,549 as of March 31, 2025.

Pursuant to the Stock Purchase
Agreement dated January 22, 2025, the two convertible promissory notes were purchased and assigned to Zenith (HK) on January 30, 2025.
On February 28, 2025, Zenith (HK) waived all rights to convert the outstanding principal amount and any accrued but unpaid interest under
the two convertible promissory notes into equity securities of the Company. We owe approximately $124,549 pursuant to such notes. Both
notes have already become due and payable. We do not expect to generate sufficient cash flow to repay these notes within the next twenty-four
months. There is no assurance that we can generate sufficient cash flow to repay 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