Company: IDVV
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001683168-25-006029
Chunk: 141

Company: ModuLink Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 3
Chunk 141
---
 financial reporting and internal controls, (2) implementing additional review and approval procedures to improve segregation
of duties within key financial processes, and (3) refining our risk assessment process to better identify and address control gaps. We
are also assessing opportunities to leverage technology and external advisory resources to supplement our internal capabilities. While
certain remediation activities are already in progress, we expect these enhancements to be implemented in phases and will monitor their
effectiveness on an ongoing basis. Management remains committed to strengthening our internal control environment and will report on our
progress in subsequent filings. 

Changes in Internal Controls over Financial
Reporting

There have been no changes
in our internal controls over financial reporting identified in connection with the evaluation required by paragraph (d) of Securities
Exchange Act Rule 13a-15 or Rule 15d-15 that occurred in the period ended June 30, 2025 that have materially affected, or are reasonably
likely to materially affect, our internal control over financial reporting.

 20 

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

From time to time, we may
become involved in litigation relating to claims arising out of its operations in the normal course of business. We are not involved in
any pending legal proceeding or litigation, and to the best of our knowledge, no governmental authority is contemplating any proceeding
to which we are a party or to which any of our properties is subject, which would reasonably be likely to have a material adverse effect
on us.

Item 1A. Risk Factors

As a “smaller reporting
company”, we are not required to provide the information required by this Item.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

On March 28, 2025, the Company
entered into a Share Exchange Agreement (the “Share Exchange”) of all the issued and outstanding shares with the shareholders
of ModuLink Investment Limited (hereafter referred to as, ModuLink), a British Virgin Islands limited liability company. ModuLink and
its subsidiaries engage in the property development industry adopting modular construction technology by leveraging Modular Integrated
Construction (MiC), Atmospheric Water Generators (AWG), and Internet of Things (IoT) technology enhanced by AI to redefine property development.
Pursuant to the Share Exchange Agreement, the Company issued 2,356,712,066 shares of common stock, at a valuation of $0.0034 per share,
in exchange for all the issued and outstanding shares