Company: IDVV
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001683168-25-006029
Chunk: 77

Company: ModuLink Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part II, Item 8
Chunk 77
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ulgated under the Act in selling the Company’s securities to the shareholders of ModuLink.
This Share Exchange was consummated on May 1, 2025.

The foregoing description
of the Share Exchange Agreement is qualified in its entirety by reference to the Share Exchange Agreement which is filed as Exhibit 10.5
to this Registration Statement and is incorporated herein by reference.

Prior to the acquisition of
ModuLink and immediately after the disposition of Witech as stipulated in the Stock Purchase Agreement, the Company was considered as
a shell company due to its nominal assets and limited operation. Upon the acquisition, ModuLink will comprise the ongoing operations
of the combined entity and its senior management will serve as the senior management of the combined entity, ModuLink is deemed to be
the accounting acquirer for accounting purposes. The transaction will be treated as a recapitalization of the Company. Accordingly, the
consolidated assets, liabilities and results of operations of the Company will become the historical financial statements of ModuLink
after the acquisition date. ModuLink was the legal acquiree but is deemed to be the accounting acquirer. The Company, on the other hand,
was the legal acquirer but is deemed to be the accounting acquiree in the reverse merger. The historical financial statements prior to
the acquisition are those of the accounting acquirer. Historical stockholders’ equity of the accounting acquirer prior to the merger
are retroactively restated (a recapitalization) for the equivalent number of shares received in the merger. Operations prior to the merger
are those of the acquirer. After completion of the share exchange transaction, the Company’s consolidated financial statements include
the assets and liabilities, the operations and cash flow of the accounting acquirer.

 4 

Our corporate structure
is described below:

 5 

    (1)
    International Endeavors Corporation, a Nevada corporation, is our parent holding company and conducts no business operations.
  
    (2)
    ModuLink Investment Limited, a British Virgin Islands limited company, is a holding company.
  
    (3)
    ModuLink Corporation Limited, a Hong Kong limited liability company, focuses on strategic planning and providing intergroup management services serving its subsidiaries.
  
    (4)
    Zenith Integrated Modular Limited, a Hong Kong limited liability company, provides design, engineering and holistic project management services, including project planning, procurement, logistics, assembly and installation.
  
    (5)
    ModuLink InnoTech