Company: IDVV
Filing Date: 2025-09-18
Form Type: 10-12G/A
Source: 0001683168-25-007099
Chunk: 57

Company: ModuLink Inc.
Filing Date: 2025-09-18
Form: 10-12G/A
Chunk 57
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 to obtain approval in the future and were denied permission from Chinese authorities to list on U.S. exchanges, we will not be able to continue listing on U.S. exchange and the value of our common stock may significantly decline or become worthless, which would materially affect the interest of the investors.

Regulatory authorities in
mainland China continue to play a significant role in overseeing various sectors of Hong Kong’s economy through laws, regulations,
and state involvement and ownership. While we are based in Hong Kong and operate under its separate legal system, future changes in local
laws and regulations—including those related to taxation, environmental compliance, land use, property rights, and other areas—may
impact our operations. The central or local governments of these jurisdictions may impose new, stricter regulations or interpretations
of existing regulations that would require additional expenditures and efforts on our part to ensure our compliance with such regulations
or interpretations. Accordingly, government actions in the future, including any decision not to continue to support recent economic reforms
and to return to a more centrally planned economy or regional or local variations in the implementation of economic policies, could have
a significant effect on economic conditions in China or particular regions thereof, and could require us to divest ourselves of any interest
we then hold in Chinese properties.

For example, just days after
Didi Global Inc. (NYSE: DIDI) completed its $4.4 billion IPO on June 30, 2021, the Chinese cybersecurity regulator announced on July 2,
2021, that it had begun an investigation of Didi for failure to comply with data and cybersecurity laws and two days later ordered that
the company’s app be removed from smartphone app stores. Eventually, on July 21, 2022, the CAC fined Didi approximately $1.19 billion,
and Didi formally delisted from the NYSE on June 13, 2022.

As such, the Company’s
business segments may be subject to various government and regulatory interference in the provinces in which they operate. The Company
could be subject to regulation by various political and regulatory entities, including various local and municipal agencies and government
sub-divisions. The Company may incur increased costs necessary to comply with existing and newly adopted laws and regulations or penalties
for any failure to comply. The Company’s operations could be adversely affected, directly or indirectly, by existing or future laws
and regulations relating to its business or industry. The Chinese government may, in the future, adopt or implement new laws, regulations,
or policies that