# EDGAR Filing Document

**Accession Number:** 0001972074
**File Stem:** 0001213900-26-012237
**Filing Date:** 2026-2
**Character Count:** 306202
**Document Hash:** bb09e8bd9fe683a3d59370bba03cedbe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-012237.hdr.sgml**: 20260316

**ACCESSION NUMBER**: 0001213900-26-012237

**CONFORMED SUBMISSION TYPE**: DRS

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20260204

**DATE AS OF CHANGE**: 20260204

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Linkers Industries Ltd
- **CENTRAL INDEX KEY:** 0001972074
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRONIC COMPONENTS & ACCESSORIES [3670]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** DRS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 377-09008
- **FILM NUMBER:** 26598307

**BUSINESS ADDRESS:**
- **STREET 1:** LOT A99, JALAN 2A-3, A101 & A102, JALAN
- **STREET 2:** 2A, KAWASAN PERUSAHAAN MIEL, SUNGAI LALA
- **CITY:** KEDAH DARUL AMAN
- **STATE:** N8
- **ZIP:** 08000
- **BUSINESS PHONE:** 60 4-4417802

**MAIL ADDRESS:**
- **STREET 1:** LOT A99, JALAN 2A-3, A101 & A102, JALAN
- **STREET 2:** 2A, KAWASAN PERUSAHAAN MIEL, SUNGAI LALA
- **CITY:** KEDAH DARUL AMAN
- **STATE:** N8
- **ZIP:** 08000

**As submitted confidentially to the U.S. Securities and Exchange Commission on February 4, 2026.**

**This draft registration statement has not been publicly filed with the U.S. Securities and Exchange Commission and all information herein remains strictly confidential.**

**Registration Statement No. 333-** 

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549**

**Form F-1<br> REGISTRATION STATEMENT<br> *UNDER<br> THE SECURITIES ACT OF 1933***

**Linkers Industries Limited** ****<br> (Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **British Virgin Islands** | **3670** | **Not Applicable** |
| (State or other jurisdiction of<br> incorporation or organization) | (Primary Standard Industrial<br> Classification Code Number) | (IRS Employer<br> Identification Number) |

---

**Lot A99, Jalan 2A-3, A101 & A102, Jalan 2A, Kawasan Perusahaan MIEL<br> Sungai Lalang, 08000 Sungai Petani, Kedah Darul Aman, Malaysia<br> +60 4-4417802**<br> (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)

**c/o Cogency Global Inc.<br> 122 East 42<sup>nd</sup> Street, 18<sup>th</sup> Floor<br> New York, NY 10168<br> +212 947-7200**<br> (Name, address, including zip code, and telephone number, including area code, of agent for service)

***Copies to:***

 ****

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| | |
|:---|:---|
| **David E. Danovitch, Esq.**<br> **Angela Gomes, Esq.**<br> **Joseph E. Segilia, Esq.<br> Sullivan & Worcester LLP<br> 1251 Avenue of the Americas<br> New York, NY 10020<br> Tel: +1 (212) 660-3060** | **Gregory Sichenzia, Esq.<br> Marcelle S. Balcombe, Esq.<br> Sichenzia Ross Ference Carmel LLP<br> 1185 Avenue of the Americas, 31st floor<br> New York, NY 10026**<br> **Tel: +1 (212) 930-9700** |

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**Approximate date of commencement of proposed sale to public:** As soon as practicable after this registration statement becomes effective.

If any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act, check the following box. ☒

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act: Emerging growth company ☒

If an emerging growth company that prepares its financial statements in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"), indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards<sup>†</sup> provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

† The term "new or revised financial accounting standard"
 refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5,
 2012.

**The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment that specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act or until the registration statement shall become effective on such date as the Commission, acting pursuant to such Section 8(a), may determine.**

**The information in this prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the U.S. Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.**

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| | |
|:---|:---|
| **PRELIMINARY PROSPECTUS** | **SUBJECT TO COMPLETION DATED FEBRUARY 4, 2026** |

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**Up to [●] Ordinary Units (Each Contains One Class A Ordinary Share,<br> One Series A Warrant\* to Purchase One Class A Ordinary Share and**

**One Series B Warrant\* to Purchase One Class A Ordinary Share)**

<br> **Up to [●] Pre-Funded Units (Each Contains One Pre-Funded Warrant,<br> One Series A Warrant\* to Purchase One Class A Ordinary Share and<br> One Series B Warrant\* to Purchase One Class A Ordinary Share)**

**\*Up to [●] Series A Warrants to Purchase One Class A Ordinary Share**

**included in the Units or Pre-Funded Units**

**\*Up to [●] Series B Warrants to Purchase One Class A Ordinary Share**

**included in the Units or Pre-Funded Units**

**Up to [●] Class A Ordinary Shares included in the Ordinary Units<br> Up to [●] Class A Ordinary Shares Underlying the Pre-Funded Warrants<br> Up to [●] Class A Ordinary Shares Underlying the Series A Warrants<br> Up to [●] Class A Ordinary Shares Underlying the Series B Warrants<br> (which contains a zero exercise price option)**

**LINKERS INDUSTRIES LIMITED**

Linkers Industries Limited (the "Company," "LIL," the "registrant," "we," "our" or "us") is offering on a best-efforts basis up to **[●]** ordinary units ("Ordinary Units"). Each Ordinary Unit consists of one class A ordinary share, par value US$0.00001 per share (each a "Class A Ordinary Share," and collectively, "Class A Ordinary Shares"), one Series A warrant to purchase one Class A Ordinary Share (each a "Series A Warrant," and, collectively, the "Series A Warrants"), and one Series B warrant to purchase one Class A Ordinary Share (each a "Series B Warrant," and, collectively, the "Series B Warrants"), at an assumed public offering price of $[●] per Ordinary Unit, which represents the closing price of our Class A Ordinary Shares on the Nasdaq Capital Market ("Nasdaq") on [●], 2026.

We are also offering to those purchasers, if any, whose purchase of the Ordinary Units in this offering would result in the purchaser, together with its affiliates, beneficially owning more than 4.99% (or, at the election of the purchaser, 9.99%) of our outstanding Class A Ordinary Shares immediately following the consummation of this offering, the opportunity to purchase, if they so choose, pre-funded units ("Pre-Funded Units," and collectively with the Ordinary Units, the "Units"), each consisting of one pre-funded warrant to purchase one Class A Ordinary Share (each a "Pre-Funded Warrant," and, collectively, the "Pre-Funded Warrants"), one Series A Warrant and one Series B Warrant in lieu of the Ordinary Units that would otherwise result in ownership in excess of 4.99% (or 9.99%, as applicable) of our outstanding Class A Ordinary Shares. The purchase price of each Pre-Funded Unit will equal the price per Ordinary Unit being sold to the public in this offering minus $0.00001 and the remaining exercise price of each Pre-Funded Warrants will equal $0.00001 per share. For each Pre-Funded Unit that we sell, the number of Ordinary Units that we are offering will be decreased on a one-for-one basis. The Pre-Funded Warrants, the Series A Warrants and the Series B Warrants are collectively referred to as the "Warrants." The Warrants will not be listed on Nasdaq and are not expected to trade in any market.

The Series A Warrants and the Series B Warrants will be immediately exercisable and will expire on the [●]-year anniversary of the original issuance date. Each Series A Warrant will have an initial exercise price per share equal to [●]% of the price per Ordinary Unit sold in this offering. The exercise price of each Series A Warrant will be reset immediately following the [●] ([●]<sup>th</sup>) calendar day (the "Reset Date") following the issuance date of the Series A Warrants to a price equal to [●]% of the arithmetic average of the sum of the three lowest per share VWAPs (as defined below) of the Class A Ordinary Shares on Nasdaq for the five (5) trading days immediately prior to the Reset Date; provided that such price shall not be lower than twenty percent (20%) of the lower of (i) the closing price (as reflected on Nasdaq.com) of the Class A Ordinary Shares immediately preceding the date of this prospectus, or (ii) the average closing price of the Class A Ordinary Shares (as reflected on Nasdaq.com) for the five trading days immediately preceding the date of this prospectus (which price shall be appropriately adjusted for any share dividend, share split, share combination, reclassification or similar transaction) (the "Floor Price").

Each Series B Warrant will have an exercise price per share equal to [●]% of the price per Ordinary Unit sold in this offering. "VWAP" means, with respect to any trading day, the price determined by the first of the following clauses that applies: (a) if the Class A Ordinary Shares are then listed or quoted on Nasdaq or a similar trading market (a "Trading Market"), the daily volume weighted average price of the Class A Ordinary Shares for such date (or the nearest preceding date) on the Trading Market on which the Class A Ordinary Shares are then listed or quoted as reported by Bloomberg L.P. (based on a trading day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the volume weighted average price of the Class A Ordinary Shares for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Class A Ordinary Shares are not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Class A Ordinary Shares are then reported on the Pink Open Market (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per Class A Ordinary Share so reported, or (d) in all other cases, the fair market value of one Class A Ordinary Share as determined by an independent appraiser pursuant to the terms of the applicable instrument. A holder of Series B Warrants may, at any time and in its sole discretion, exercise its Series B Warrants in whole or in part by means of a "zero exercise price" option in which the holder is entitled to receive a number of Class A Ordinary Shares equal to the product of (a) the number of Class A Ordinary Shares that would be issuable upon exercise of the Series B Warrant in accordance with the terms of such Series B Warrant if such exercise were by means of a cash exercise rather than a cashless exercise and (b) the quotient obtained by dividing (i) the exercise price minus the lowest VWAP of the Class A Ordinary Shares during the five (5) trading days immediately prior to the applicable exercise date (such VWAP, the "Low Price") by (ii) [●]% of the Low Price. This "zero exercise price" option is only available at a time when the applicable Low Price is lower than the then applicable Exercise Price. At no time can the Low Price be lower than the Floor Price. As a result of this feature, we do not expect to receive any cash proceeds from the exercise of the Series B Warrants because it is highly unlikely that a Series B Warrant holder will elect to pay an exercise price in cash to receive Class A Ordinary Shares when they could elect the "zero exercise price" option in these circumstances to receive more Class A Ordinary Shares than they would receive if they did pay an exercise price. As an example, given the above provisions, holders of the Series A Warrants will be issued a maximum of [●] Class A Ordinary Shares upon the exercise of the Series A Warrants. Each Series B Warrant includes one underlying Class A Ordinary Share that may be obtained by exercising the Series B Warrant at an exercise price equal to [●]% of the price per Ordinary Unit sold in this offering; however if the holder elects the zero exercise price option, the number of Class A Ordinary Shares could increase to up to [●] Class A Ordinary Shares underlying each Series B Warrant if the Low Price for the Class A Ordinary Shares decreases to and equals the Floor Price at the time of such election. As such, holders of the Series B Warrants may elect to be issued up to [●] Class A Ordinary Shares upon the exercise of the Series B Warrants assuming the Low Price is equal to the Floor Price.

The Units have no stand-alone rights and will not be certificated or issued as stand-alone securities. The Class A Ordinary Shares and the Pre-Funded Warrants can each be purchased in this offering only with the accompanying Series A Warrants and Series B Warrants as part of the Ordinary Units or Pre-Funded Units, respectively, but the component parts of the Units will be immediately separable and issued separately in this offering.

We are also registering all of the Class A Ordinary Shares issuable from time to time upon full exercise of each of the Pre-Funded Warrants, Series A Warrants and Series B Warrants included in the Ordinary Units and Pre-Funded Units offered hereby.

Our Class A Ordinary Shares are listed on Nasdaq under the symbol "LNKS". The last reported sale price of our Class A Ordinary Shares on Nasdaq on [●], 2026 was $[●] per share. There is no established public trading market for the Warrants, and we do not expect a market to develop. We do not intend to apply to list the Warrants on any securities exchange or other nationally recognized trading system. Without an active trading market, the liquidity of the Warrants will be limited.

The number of Units offered in this prospectus and all other applicable information has been determined based on an assumed public offering price of $[●] per Ordinary Unit, which is the closing price of our Class A Ordinary Shares on Nasdaq on [●], 2026. The actual number of Units sold in this offering will be determined between us and Univest Securities, LLC (the "Placement Agent") and purchasers based on market conditions at the time of pricing and may reflect a discount to the current market price for our Class A Ordinary Shares. Therefore, the recent market price used throughout this preliminary prospectus as a basis for an assumed public offering price per Ordinary Unit may not be indicative of the final offering price.

Because there is no minimum offering amount required as a condition to closing this offering, we may sell fewer than all of the Units offered hereby, which may significantly reduce the amount of proceeds received by us, and investors in this offering will not receive a refund in the event that we do not sell an amount of Units sufficient to pursue the business goals outlined in this prospectus. Because there is no minimum offering amount, investors could be in a position where they have invested in the Company, but we are unable to fulfill our objectives due to a lack of interest in this offering. Also, any proceeds from the sale of Units offered by us will be available for our immediate use, despite uncertainty about whether we would be able to use such funds to effectively implement our business plan. See "*Risk Factors*," beginning on page 11. We may undertake one or more closings for the sale of the Units to the investors. We expect to hold an initial closing on , 2026, but this offering will be terminated by , 2026 provided that the closing(s) of this offering for all of the Units have not occurred by such date. Any extensions or material changes to the terms of this offering will be contained in an amendment to this prospectus.

Given the relative lack of liquidity in our Class A Ordinary Shares, sales of the Units pursuant to this prospectus could result in a significant decline in the market price of our securities.

**Investors are cautioned that you are buying securities of a British Virgin Islands holding company with operations in Malaysia by its operating subsidiaries.**

LIL is a holding company registered and incorporated in the British Virgin Islands ("BVI"), and is not a Malaysian operating company. As a holding company with no material operations, we conduct our operations in Malaysia through our operating subsidiary, TEM Electronics (M) Sdn. Bhd. ("TEM"). This is an offering of securities of LIL, the holding company incorporated in the BVI, instead of securities of our operating subsidiary, TEM. You may never directly hold any equity interest in our operating subsidiary.

LIL's share capital structure is a dual-class structure consisting of Class A Ordinary Shares and class B ordinary shares, par value US$0.00001 per share ("Class B Ordinary Shares"). Holders of Class A Ordinary Shares and Class B Ordinary Shares are permitted to vote together as one class on all resolutions of the shareholders brought to the shareholders by the board of directors of the Company (the "Board") or otherwise and have the same rights, except that (a) each Class A Ordinary Share entitles its holder to one (1) vote and each Class B Ordinary Share entitles its holder to twenty (20) votes, and (b) each Class B Ordinary Share is convertible into one (1) Class A Ordinary Share at any time at the option of the holder thereof but Class A Ordinary Shares are not convertible into Class B Ordinary Shares. Upon any transfer of Class B Ordinary Shares by a holder to any person or entity which is not an affiliate of such holder, such Class B Ordinary Shares will automatically and immediately convert into the equivalent number of Class A Ordinary Shares.

Unless otherwise stated, references to the "Company", "Group", "we", "us", and "our" in the prospectus are to LIL, the BVI entity that will issue the securities being offered in this prospectus. References to "our operating subsidiary" and "operating subsidiary" refer to TEM. Although our ownership interest in TEM is held through an intermediate company in the BVI, the structure under which we operate involves unique risks to investors. See "*Risk Factors — Risks Related to our Corporate Structure*" in our annual report on Form 20-F filed with the SEC on October 10, 2025 (the "Annual Report").

**Investing in our securities is highly speculative and involves a high degree of risk. Before buying any securities, you should carefully read the discussion of material risks of investing in our securities in *"Risk Factors"* beginning on page 11 of this prospectus, as well as *"Item 3. Key Information — D. Risk Factors"* in our Annual Report and in other documents incorporated by reference into this prospectus. Nasdaq may also determine to delist our Class A Ordinary Shares for public interest concerns resulting from the dilutive impact and terms of the Series B Warrants in this offering.**

**We are an "emerging growth company" and a "foreign private issuer" as defined under the federal securities laws and, as such, are subject to reduced public company reporting requirements. See "*Prospectus Summary — Implications of Being an Emerging Growth Company and a Foreign Private Issuer*" for additional information.**

**Neither the U.S. Securities and Exchange Commission nor any state securities commission nor any other regulatory body has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.**

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| | | | |
|:---|:---|:---|:---|
|  | **Per<br> Ordinary<br> Unit** | **Per<br> Pre-Funded<br> Unit** | **Total** |
| Public offering price | $| $| $|
| Placement Agent fees<sup>(1)</sup> | $| $| $|
| Proceeds, before expenses, to us<sup>(2)</sup> | $| $| $|

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(1) We have agreed to pay the Placement Agent a cash fee equal to seven
percent (7%) of the gross proceeds of this offering and to reimburse the Placement Agent for certain expenses incurred relating to this
offering in the amount of $150,000. See "*Plan of Distribution*" for a description of compensation and other items of
value payable to the Placement Agent.

(2) The amount of offering proceeds to us presented in this table does
 not give effect to any exercise of the Warrants.

We have engaged the Placement Agent as our exclusive placement agent to use its reasonable best efforts to solicit offers to purchase the securities offered by this prospectus. The Placement Agent has no obligation to buy any of the Units from us or to arrange for the purchase or sale of any specific number or dollar amount of the Units. Because there is no minimum offering amount required as a condition to closing in this offering the actual public offering amount, the Placement Agent's fees, and proceeds to us, if any, are not presently determinable and may be substantially less than the total maximum offering amounts set forth above and throughout this prospectus. We have agreed to pay the Placement Agent the Placement Agent's fees set forth in the table above and to provide certain other compensation to the Placement Agent. See "*Plan of Distribution*" of this prospectus for more information regarding these arrangements.

![](image_001.jpg)

**The date of this prospectus is , 2026.**

**TABLE OF CONTENTS**

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| | |
|:---|:---|
|  | **Page** |
| [Prospectus Summary](#a_001) | 1 |
| [Risk Factors](#a_002) | 11 |
| [Special Note Regarding Forward-Looking Statements](#a_003) | 18 |
| [Use of Proceeds](#a_004) | 19 |
| [Dividend Policy](#a_005) | 20 |
| [Capitalization](#a_006) | 21 |
| [Dilution](#a_007) | 22 |
| [Description of Shares](#a_008) | 23 |
| [Description of the Securities We Are Offering](#a_009) | 28 |
| [Material Income Tax Considerations](#a_010) | 32 |
| [Plan of Distribution](#a_011) | 38 |
| [Legal Matters](#a_012) | 41 |
| [Experts](#a_013) | 41 |
| [Enforceability of Civil Liabilities](#a_014) | 42 |
| [Where You Can Find Additional Information](#a_015) | 44 |
| [Incorporation by Reference](#a_016) | 45 |

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**You should read this prospectus and the related exhibits filed with the Securities and Exchange Commission (the "SEC"), together with the additional information described under the heading "Where You Can Find Additional Information" before making your investment decision.**

**You should rely only on the information provided in this prospectus or in a prospectus supplement or any free writing prospectuses or amendments thereto. No one has been authorized to provide you with information that is different from that contained in this prospectus. This prospectus is dated as of the date set forth on the cover hereof. You should not assume that the information contained in this prospectus is accurate as of any date other than that date.**

For investors outside the United States: We have not done anything that would permit this offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. You are required to inform yourselves about and to observe any restrictions relating to this offering and the distribution of this prospectus.

LIL is a business company incorporated under the laws of the British Virgin Islands with limited liability and a majority of our outstanding securities are owned by non-U.S. residents. Under the rules of the SEC we currently qualify for treatment as a "foreign private issuer." As a foreign private issuer, we will not be required to file periodic reports and financial statements with the SEC as frequently or as promptly as domestic registrants whose securities are registered under the Exchange Act.

i

**CONVENTIONS THAT APPLY TO THIS PROSPECTUS**

Unless otherwise indicated or the context otherwise requires, all references in this prospectus to:

● "Articles" or "Articles of Association" are to the second amended and restated articles of association of the Company, adopted on December 8, 2023, with effect from February 21, 2024, as amended, supplemented and/or otherwise modified from time to time;

● "BVI" is to the British Virgin Islands;

● "BVI Act" is to the BVI Business Companies Act, as amended, supplemented or otherwise modified from time to time;

● "Class A Ordinary Shares" are to the Class A ordinary shares, with a par value of US$0.00001 each, of LIL;

● "Class B Ordinary Shares" are to the Class B ordinary shares, with a par value of US$0.00001 each, of LIL;

● "Company," "we," "us," and "LIL" are to Linkers Industries Limited, a business company incorporated in the BVI with limited liability under the BVI Act on December 8, 2022;

● "Controlling Shareholder" is to Mr. Man Tak Lau, who beneficially owns an aggregate of 8,329,500 Ordinary Shares, including 5,829,500 Class A Ordinary Shares and 2,500,000 Class B Ordinary Shares, which represents approximately 62.0% of the total issued and outstanding Ordinary Shares and approximately 91.6% of the total voting power as of the date of this prospectus. See "*Item 6. Directors, Senior Management and Employees – A. Directors and senior management*" and *"Item 7. Major Shareholders and related Party Transactions – A. Major Shareholders"* in our Annual Report, which is incorporated by reference herein, for more information;

● "Exchange Act" is to the US Securities Exchange Act of 1934, as amended;

● "Euro," "EUR," or "€" is to the currency of the member states participating in the European Monetary Union;

● "Hong Kong" is to Hong Kong special administrative region of the People's Republic of China;

● "Independent Third Party" is to a person or company who or which is independent of and is not a 5% beneficial owner of, does not control and is not controlled by or under common control with any 5% beneficial owner and is not the spouse or descendant (by birth or adoption) of any 5% owner of the Company;

● "IPO" is to an initial public offering of securities;

● "Malaysia Factory" is to the production site of TEM located in Kedah Darul Aman, Malaysia;

● "Memorandum" or "Memorandum of Association" are to the second amended and restated articles of memorandum of the Company, adopted on December 8, 2023, with effect from February 21, 2024, as amended, supplemented and/or otherwise modified from time to time;

ii

● "Nasdaq" is to The Nasdaq Stock Market LLC;

● "Ordinary Shares" or "Shares" are to our Class A Ordinary Shares and Class B Ordinary Shares;

● "PCAOB" is to Public Company Accounting Oversight Board;

● "RM" is to Ringgit Malaysia, the legal currency of Malaysia;

● "SEC" or "U.S. Securities and Exchange Commission" are to the United States Securities and Exchange Commission;

● "Securities Act" is to the US Securities Act of 1933, as amended;

● "TEM" is to TEM Electronics (M) Sdn. Bhd., a company established in Malaysia with limited liability, a direct wholly-owned subsidiary of TSPL and an indirect wholly-owned subsidiary of LIL;

● "TSPL" is to TEM SP Limited, a company incorporated in the BVI with limited liability, a direct wholly-owned subsidiary of LIL;

● "LPAL" is to Linkers Pacific Asia Limited, a company incorporated in the BVI with limited liability, a direct wholly-owned subsidiary of LIL; and

● "U.S. dollars" or "US$" or "$" or "USD" or "dollars" are to United States dollar(s), the lawful currency of the United States.

We have made rounding adjustments to some of the figures included in this prospectus. Accordingly, numerical figures shown as totals in some tables may not be an arithmetic aggregation of the figures that preceded them.

LIL is a holding company registered and incorporated in the BVI with operations conducted in Malaysia through its operating subsidiary, TEM. LIL's reporting currency is RM. This prospectus contains translations of RM into U.S. dollars solely for the convenience of the reader. Unless otherwise noted, all translations from RM to U.S. dollars and from U.S. dollars to RM in this prospectus were calculated at the noon buying rate of US$1 = RM4.2084 on June 30, 2025 for figures during the fiscal years ended June 30, 2025 as published in H.10 statistical release of the Board of Governors of the Federal Reserve System. We make no representation that the RM or U.S. dollar amounts referred to in this prospectus could have been or could be converted into U.S. dollars or RM, as the case may be, at any particular rate or at all.

LIL's fiscal year ends on June 30. References to a particular "fiscal year" are to our fiscal year ended June 30 of that calendar year. References to a particular "year" are also to our fiscal year ended June 30 of that calendar year unless the text indicates otherwise.

iii

**PROSPECTUS SUMMARY**

 

*The following summary highlights information contained elsewhere in this prospectus and does not contain all of the information you should consider before investing in our Class A Ordinary Shares. You should read the entire prospectus carefully and the documents incorporated by reference herein, including sections titled "Risk Factors" in this prospectus, Item 3 "Key Information", Item 5 "Operating and Financial Review and Prospects", Item 7 "Major Shareholders and Related Party Transactions", Item 8, "Financial Information" in our Annual Report incorporated by reference in this prospectus. Unless the context otherwise requires, all references to "LIL," "we," "us," "our," the "Company," and similar designations refer to Linders Industries Limited, a business company incorporated in the BVI and its subsidiaries.*

**Business Overview**

Through our operating subsidiary, we are a manufacturer and a supplier of wire/cable harnesses with our manufacturing operations in Malaysia and have more than 20 years' experience in the wire/cable harnesses industry. Wire/cable harness refers to an assembly of wires/cables bound together with straps, cable ties and electrical tapes to transmit signals or electrical power. Our customers are generally global brand name manufacturers and original equipment manufacturers ("OEMs") in the home appliances, industrial products and automotive industries that are mainly based in the Asia Pacific Region.

We work closely with customers in each stage of a product's life cycle, including design, prototyping and production. Our business model enables us to offer customized wire harness for different applications and electrics designs. Our products are customized and made-to-order in accordance with the specific technical requirements of our customers.

Our revenue for the years ended June 30, 2023, 2024 and 2025 are approximately $7,346,084, $4,756,203 and $5,327,758, respectively.

**Competitive Strengths**

We believe the following competitive strengths differentiate us from our competitors:

● Customer base in diversified industries and long-term business relationship with renowned global brand name manufacturers and OEMs;

● Extensive understanding of wire harness production process, up to date machinery and efficient management resulting in competitive pricing while maintaining quality;

● High standard and commitment to quality control;

● Strong customized production platform; and

● Experienced management team with extensive knowledge of the manufacturing industry where we operate.

**Our Strategies**

We aim to accomplish our business objective, further strengthen our market position and continue to be a competitive manufacturer and supplier of wire/cable harnesses by pursing the following key strategies:

● Upgrade and increase our production capacity;

● Strengthen our sales and marketing efforts to diversify our customer base;

● Enhance our capability level; and

● Acquisition of companies and/or formation of joint ventures.

**Corporate History and Structure**

On October 31, 1995, TEM was established under the laws of Malaysia to engage in the business of manufacturing connectors, assemblies and wire/cable harness. TSPL was incorporated under the laws of the BVI on November 15, 2022 as an investment holding company. As part of the reorganization, on December 14, 2022, TSPL acquired the entire issued share capital of TEM.

On December 8, 2022, LIL was incorporated under the laws of the BVI as a holding company. As part of the reorganization, on December 21, 2022, LIL acquired the entire issued share capital of TSPL, following which TSPL was wholly-owned by LIL, and TEM was indirectly wholly-owned by LIL.

In December, 2024, we completed our IPO and listed our Class A Ordinary Shares on Nasdaq under the symbol "LNKS". We raised approximately $8.7 million, prior to deducting underwriting discounts and other offering expenses.

On September 11, 2025, LAPL was incorporated under the laws of the BVI as an investment holding company.

On October 16, 2025, LAPL acquired twenty percent (20%) of the outstanding shares of LPW Electronics Co., Ltd. ("LPW"), a limited liability company incorporated in Thailand who is principally engaged in the manufacturing of wire harnesses. LPW owned approximately 8,000 square meters land in Pathum Thani, Thailand, with a production facility comprising a three-level main building and a dedicated warehouse totaling approximately 6,500 square meters, designed to support current operations and future expansion.

The charts below illustrate our corporate structure and subsidiaries as of the date of this prospectus:

![](image_002.jpg)

We are a "controlled company" as defined under the rules and regulations of Nasdaq because, as of the date of this prospectus, our Controlling Shareholder owns represents approximately 62.0% of the total issued and outstanding Ordinary Shares and approximately 91.6% of the total voting power as of the date of this prospectus.

**Holding Company Structure**

LIL is a holding company registered and incorporated in the BVI, and is not a Malaysian operating company. As a holding company with no material operations, we conduct our operations in Malaysia through our operating subsidiary, TEM. This is an offering of securities of LIL, the holding company incorporated in the BVI, instead of securities of our operating subsidiary, TEM. You may never directly hold any equity interest in our operating subsidiary.

In order for us to distribute any dividends to our shareholders, we rely on dividends paid to us by our subsidiaries for our cash requirements, including funds to pay any dividends and other cash distributions to our shareholders, service any debt we may incur and pay our operating expenses. Our ability to pay dividends to our shareholders will depend on, among other things, the availability of dividends from our operating subsidiary.

**Transfers of Cash To and From Our Subsidiaries**

As part of our cash management policies and procedures, our management monitors the cash position of our subsidiaries regularly and prepares budgets on a monthly basis to ensure it has the necessary funds to fulfil its obligations for the foreseeable future and to ensure adequate liquidity. In the event that there is a need for cash or a potential liquidity issue, it will be reported to our chief financial officer and subject to approval by the Board.

Cash is transferred through our organization in the following manner: (i) funds are transferred to TEM, our operating subsidiary in Malaysia, from LIL as needed through TSPL, our BVI subsidiary in the form of capital contributions or shareholder loans, as the case may be; and (ii) dividends or other distributions may be paid by TEM to LIL through TSPL, our BVI subsidiary.

Under BVI Act, a BVI company can provide funding to its direct subsidiary (i) by making shareholder's loan, (ii) by way of further subscription for shares or (iii) by way of capital contribution without subscribing for further shares. For LIL to transfer cash to its subsidiaries, LIL is permitted under the laws of the BVI to provide funding to its direct subsidiary, TSPL, in the three aforementioned ways subject to certain restrictions laid down in the BVI Act (as amended) and the memorandum and articles of association of LIL. Similarly, TSPL is permitted under the laws of the BVI to provide funding to our operating subsidiary, TEM, in the three aforementioned ways subject to certain restrictions laid down in the BVI Act (as amended) and the memorandum and articles of association of TSPL.

TEM's ability to transfer funds to us in the form of dividends or other distributions is not materially restricted by regulatory provisions in accordance with laws and regulations in Malaysia. TEM is free to remit divestment proceeds, profits, dividends, or any income arising from any investment in Malaysia, as long as the payment is made in foreign currency, instead of Malaysian Ringgit, and in accordance with the Foreign Exchange Notices issued by the Bank Negara Malaysia (the Central Bank of Malaysia) ("BNM").

Under the BVI Act (as amended), subject to the memorandum and articles of association, a BVI company may make a dividend distribution to its shareholders to the extent that immediately after the distribution, the value of the company's assets exceeds its liabilities and that such company is able to pay its debts as they fall due.

Other than the above, we did not adopt or maintain any cash management policies and procedures dictating the amount of such funding or how funds are transferred and our subsidiaries have not experienced any difficulties or limitations on their ability to transfer cash between each other, to distribute earnings from our subsidiaries to LIL and to settle amounts owed under any applicable agreements as of the date of this prospectus.

During the years ended June 30, 2023, 2024 and 2025, LIL did not declare or pay any dividends or distributions and there was no transfer of assets among LIL and its subsidiaries.

See "*Dividend Policy*" in this prospectus and "*Item 3. Key Information – D. Risk Factors — Risks Related to Doing Business in Malaysia — We rely on dividends and other distributions on equity paid by our subsidiaries to fund our cash and financing requirements, and any limitation on the ability of our subsidiaries to make payments to us could have a material adverse effect on our ability to conduct our business*" in our Annual Report and *"Consolidated Statements of Changes in Equity"* in audited financial statements contained in this prospectus or incorporated by reference in this prospectus for more information.

**Enforceability of Civil Liabilities**

We are incorporated under the laws of the BVI with limited liability. Substantially all of our assets are located outside the United States. In addition, all of our directors and executive officers are nationals or residents in Malaysia or Hong Kong ****and substantially all of their assets are located outside the United States. As a result, it may be difficult for you to effect service of process within the United States upon us or these persons, or to enforce judgments obtained in U.S. courts against us or them, including judgments predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States. It may also be difficult for you to enforce judgments obtained in U.S. courts based on the civil liability provisions of the U.S. federal securities laws against us and our executive officers and directors. See *"Item 3. Key Information – D. Risk Factors — Risks Related to our Class A Ordinary Shares — You may experience difficulties in effecting service of legal process, enforcing foreign judgments or bringing actions in Malaysia or Hong Kong against us or our directors named in the annual report based on foreign law."* in our Annual Report incorporated by reference to this prospectus for more information.

We have appointed Cogency Global Inc. as our agent upon whom process may be served in any action brought against us under the securities laws of the United States.

Conyers Dill & Pearman, our counsel as to the laws of the BVI, has advised us that there is uncertainty as to whether the courts of the BVI would (i) recognize or enforce judgments of United States courts obtained against us or our directors or officers to impose liabilities predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States; or (ii) entertain original actions brought in the BVI against us or our directors or officers predicated upon the federal securities laws of the United States or the securities law of any state in the United States.

We have been advised by Conyers Dill & Pearman that although there is no statutory enforcement in the BVI of judgments obtained in the federal or state courts of the United States (and the BVI is not a party to any treaties for the reciprocal enforcement or recognition of such judgments), the courts of the BVI would recognize as a valid judgment, a final and conclusive judgment in personam obtained in the federal or state courts in the United States under which a sum of money is payable (other than a sum of money payable in respect of multiple damages, taxes or other charges of a like nature or in respect of a fine or other penalty) and would give a judgment based thereon provided that (a) such courts had proper jurisdiction over the parties subject to such judgment, (b) such courts did not contravene the rules of natural justice of the BVI, (c) such judgment was not obtained by fraud, (d) the enforcement of the judgment would not be contrary to the public policy of the BVI, (e) no new admissible evidence relevant to the action is submitted prior to the rendering of the judgment by the courts of the BVI and (f) there is due compliance with the correct procedures under the laws of the BVI. However, the BVI courts are unlikely to enforce a punitive judgment of a United States court predicated upon the civil liability provisions of the federal securities laws in the United States without retrial on the merits if such judgment is determined by the courts of the BVI to give rise to obligations to make payments that may be regarded as fines, penalties or punitive in nature.

Enforcement of a foreign judgment in Malaysia could be effected through either statutory enforcement or the common law rule of enforcement. Under the Reciprocal Enforcement of Judgments Act 1958 of Malaysia, or REJA, judgments given by superior courts of reciprocating countries, as listed in the First Schedule to the REJA are recognized and may be enforced directly or summarily by way of registration of the judgment provided that such judgments satisfy the requirements as specified under the REJA. Foreign judgments obtained in countries other than the countries listed in the First Schedule to REJA, have to be enforced through the common law rule. Although the United States is not a reciprocating country listed in the First Schedule to the REJA, a judgment pronounced in the United States may still be enforced in Malaysia pursuant to Malaysian common law principles provided that such foreign judgments must fulfil certain conditions which includes the following:

&nbsp;&nbsp;&nbsp;&nbsp;(a) the judgment is for a definite sum,
 and which is final and conclusive;

&nbsp;&nbsp;&nbsp;&nbsp;(b) the original court granting the judgment
 had jurisdiction in the action;

&nbsp;&nbsp;&nbsp;&nbsp;(c) the judgment was not obtained by fraud;

&nbsp;&nbsp;&nbsp;&nbsp;(d) the proceedings in which the judgment
 was obtained were not contrary to natural justice; and

&nbsp;&nbsp;&nbsp;&nbsp;(e) the enforcement of the judgment would
 not be contrary to public policy in Malaysia.

There is also uncertainty as to whether the courts of Hong Kong would (i) recognize or enforce judgments of United States courts obtained against us or our directors or officers predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States or (ii) entertain original actions brought in Hong Kong against us or our directors or officers predicated upon the securities laws of the United States or any state in the United States.

A judgment of a court in the United States predicated upon U.S. federal or state securities laws may be enforced in Hong Kong at common law by bringing an action in a Hong Kong court on that judgment for the amount due thereunder, and then seeking summary judgment on the strength of the foreign judgment, provided that the foreign judgment, among other things, is (1) for a debt or a definite sum of money (not being taxes or similar charges to a foreign government taxing authority or a fine or other penalty); and (2) final and conclusive on the merits of the claim, but not otherwise. Such a judgment may not, in any event, be so enforced in Hong Kong if (a) it was obtained by fraud; (b) the proceedings in which the judgment was obtained were opposed to natural justice; (c) its enforcement or recognition would be contrary to the public policy of Hong Kong; (d) the court of the United States was not jurisdictionally competent; or (e) the judgment was in conflict with a prior Hong Kong judgment.

**Implications of Being a Controlled Company**

We are a "controlled company" as defined under the Nasdaq Stock Market Rules because, as of the date of this prospectus, our Controlling Shareholder owns approximately 62.0% of our total issued and outstanding Shares, representing approximately 91.6% of the total voting power. As a result, we may rely on exemptions from certain corporate governance requirements that provide protection to shareholders of other companies.

For so long as we are a controlled company under that definition, we are permitted to elect to rely, and may rely, on certain exemptions from corporate governance rules, including:

● an exemption from the rule that a majority of our board of directors must be independent directors;

● an exemption from the rule that the compensation of our chief executive officer must be determined or recommended solely by independent directors; and

● an exemption from the rule that our director nominees must be selected or recommended solely by independent directors.

As a result, you will not have the same protection afforded to shareholders of companies that are subject to these corporate governance requirements. Although we do not intend to rely on the "controlled company" exemption under the Nasdaq listing rules, we could elect to rely on this exemption. If we elected to rely on the "controlled company" exemption, a majority of the members of our board of directors might not be independent directors and our nominating and corporate governance and compensation committees might not consist entirely of independent directors. See "*Item 3. Key Information – D. Risk Factors — Risks Related to Our Corporate Structure — We are a "controlled company" within the meaning of the Nasdaq listing rules, and may follow certain exemptions from certain corporate governance requirements that could adversely affect our public shareholders.*"

**Implications of Being an Emerging Growth Company and a Foreign Private Issuer**

As a company with less than US$1.235 billion in revenue during our last fiscal year, we qualify as an "emerging growth company" as defined in the Jumpstart Our Business Startups Act (the "JOBS Act"), enacted in April 2012, and may take advantage of reduced reporting requirements that are otherwise applicable to public companies. These provisions include, but are not limited to:

● being permitted to present only two years of audited financial statements and only two years of related Management's Discussion and Analysis of Financial Condition and Results of Operations in our filings with the SEC;

● not being required to comply with the auditor attestation requirements in the assessment of our internal control over financial reporting;

● reduced disclosure obligations regarding executive compensation in periodic reports, proxy statements, and registration statements; and

● exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.

We may take advantage of these provisions until the last day of our fiscal year following the fifth anniversary of the date of the first sale of our Class A Ordinary Shares pursuant to our IPO in December 2024. However, if certain events occur before the end of such five-year period, including if we become a "large accelerated filer," our annual gross revenues exceed US$1.235 billion, or we issue more than US$1 billion of non-convertible debt in any three-year period, we will cease to be an emerging growth company before the end of such five-year period.

In addition, Section 107 of the JOBS Act provides that an "emerging growth company" can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. We have elected to take advantage of the extended transition period for complying with new or revised accounting standards and acknowledge such election is irrevocable pursuant to Section 107 of the JOBS Act.

We are a foreign private issuer as defined by the SEC. As a result, in accordance with the rules and regulations of Nasdaq, we may comply with home country governance requirements and certain exemptions thereunder rather than complying with Nasdaq corporate governance standards. We may choose to take advantage of the following exemptions afforded to foreign private issuers:

● Exemption from filing quarterly reports on Form 10-Q or providing current reports on Form 8-K disclosing significant events within four days of their occurrence.

● Exemption from Section 16 rules regarding sales of Class A Ordinary Shares by insiders, which will provide less data in this regard than shareholders of U.S. companies that are subject to the Exchange Act. However, on December 18, 2025, the Holding Foreign Insiders Accountable Act was enacted as part of the National Defense Authorization Act for Fiscal Year 2026, mandating directors and officers of foreign private issuers to file Section 16(a) reports (Forms 3, 4, and 5) with the SEC to report beneficial ownership interests in companies, effective on March 18, 2026. Our principal shareholders who are not our officers or directors, however, will remain exempt from Section 16(a) reporting requirements.

● Exemption from the Nasdaq rules applicable to domestic issuers requiring disclosure within four business days of any determination to grant a waiver of the code of business conduct and ethics to directors and officers. Although we will require board approval of any such waiver, we may choose not to disclose the waiver in the manner set forth in the Nasdaq rules, as permitted by the foreign private issuer exemption.

Furthermore, Nasdaq Rule 5615(a)(3) provides that a foreign private issuer, such as us, may rely on our home country corporate governance practices in lieu of certain of the rules in the Nasdaq Rule 5600 Series and Rule 5250(d), provided that we nevertheless comply with Nasdaq's Notification of Noncompliance requirement (Rule 5625), the Voting Rights requirement (Rule 5640) and that we have an audit committee that satisfies Rule 5605(c)(3), consisting of committee members that meet the independence requirements of Rule 5605(c)(2)(A)(ii). If we rely on our home country corporate governance practices in lieu of certain of the rules of Nasdaq, our shareholders may not have the same protections afforded to shareholders of companies that are subject to all of the corporate governance requirements of Nasdaq. If we choose to do so, we may utilize these exemptions for as long as we continue to qualify as a foreign private issuer.

On February [●], 2026, we notified Nasdaq that we intend to follow our home country practice in lieu of the following Nasdaq Listing Rules:

● Rule 5620, which requires the holding of an annual meeting of shareholders no later than one year after each fiscal year-end;

● Rule 5635(a) and (d), which require shareholder approval prior to an issuance of securities in connection with the acquisition of the stock or assets of another company, and with any transactions other than public offerings; and

● Rule 5250(b)(3), which requires disclosure of third party director and nominee compensation.

We submitted to Nasdaq a written statement by counsel of the British Virgin Islands certifying that the above noncompliant practices are not prohibited under the laws of the British Virgin Islands, the Company's home jurisdiction. In future, we may also rely on home country practices with respect to our other corporate governance. As a result of which, our shareholders may be afforded less protection than they would otherwise enjoy under the Nasdaq corporate governance listing standards applicable to U.S. domestic issuers.

**Corporate Information**

Our principal executive office is located at Lot A99, Jalan 2A-3, A101 & A102, Jalan 2A, Kawasan Perusahaan MIEL Sungai Lalang, 08000 Sungai Petani, Kedah Darul Aman, Malaysia. Our telephone number is +604-4417802. Our registered office in the BVI is located at Commerce House, Wickhams Cay 1, P.O. Box 3140, Road Town, Tortola, VG 1110, British Virgin Islands. Our website is *www.linkers-hk.com*. Information contained on, or that can be accessed through, our website is not a part of, and shall not be incorporated by reference into, this prospectus.

Our agent for service of process in the United States is Cogency Global Inc., located at 122 East 42<sup>nd</sup> Street, 18<sup>th</sup> Floor New York, NY 10168.

**Recent Developments**

<u>Nasdaq Deficiency</u>

On March 10, 2025, the Company received a letter from Nasdaq notifying the Company that based on the closing bid price of the Company for the period from January 24, 2025 to March 7, 2025, the Company no longer met the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of $1 per share. The Company was provided 180 calendar days, or until September 8, 2025, in which to regain compliance with Nasdaq continued listing requirement. On September 9, 2025, the Company received a letter from Nasdaq notifying the Company that the Company is eligible for an additional 180 calendar day period, or until March 9, 2026, to regain compliance. If compliance cannot be demonstrated by March 9, 2026, Nasdaq staff will provide written notification that the Company's securities will be delisted. At that time, the Company may appeal Nasdaq staff's determination to a Hearings Panel. The Company is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq's continued listing requirement. Although the Company will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq continued listing requirement.

<u>New Directors</u>

On August 4, 2025, Ms. Carrie Chiu Ying Yu resigned from her positions as an independent director and a member of the Compensation Committee, Audit Committee, and Nominating and Corporate Governance Committee, effective as of the close of business on August 15, 2025.

On August 11, 2025, Ms. Kelly Wai Yan Hui resigned from her positions as an independent director, the Chair of the Compensation Committee, as well as a member of the Audit Committee, and Nominating and Corporate Governance Committee, with effect from the close of business on August 15, 2025.

Ms. Yu and Ms. Hui both resigned for personal reasons and not as the result of any dispute or disagreement with the Company or its board of directors.

Effective August 15, 2025, the Board appointed (a) Ms. Wan Man Chan as an independent director as well as a member of the Compensation Committee, Audit Committee and Nominating and Corporate Governance Committee, and (b) Ms. Lee Chern Koay as an independent director as well as the Chair of Compensation Committee, a member of the Audit Committee and the Nominating and Corporate Governance Committee.

<u>LPW Closing</u>

On October 16, 2025, LAPL entered into an agreement with Mr. Man Tak Lau, the chairman of the board of directors of the Company, for the purchase of 104,000 shares, or twenty (20) percent of the outstanding shares, of LPW. The consideration of the transaction was THB 26,000,000 (Twenty Six Million Thai Baht), and the closing of the transaction was announced on October 31, 2025.

**The Offering**

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| | |
|:---|:---|
| Ordinary Units being offered: | Up to [●] Ordinary Units at an assumed public offering price of $[●] per Ordinary Unit, which is the closing price of our Class A Ordinary Shares on Nasdaq on [●], 2026, each consisting of one Class A Ordinary Share, one Series A Warrant to purchase one Class A Ordinary Share and one Series B Warrant to purchase one Class A Ordinary Share. The Ordinary Units have no stand-alone rights and will not be certificated or issued as stand-alone securities. The Class A Ordinary Shares can each be purchased in this offering only with the accompanying Series A Warrants and Series B Warrants as part of the Ordinary Units, but the component parts of the Ordinary Units will be immediately separable and issued separately in this offering. |
| Pre-Funded Units being offered: | We are also offering to those purchasers, if any, whose purchase of the Ordinary Units in this offering would result in the purchaser, together with its affiliates, beneficially owning more than 4.99% (or at the election of the purchaser, 9.99%) of our outstanding Class A Ordinary Shares immediately following the consummation of this offering, the opportunity to purchase, if they so choose, Pre-Funded Units in lieu of the Ordinary Units. Each Pre-Funded Unit consists of one Pre-Funded Warrant to purchase one Class A Ordinary Share, one Series A Warrant to purchase one Class A Ordinary Share and one Series B Warrant to purchase one Class A Ordinary Share. The Pre-Funded Units have no stand-alone rights and will not be certificated or issued as stand-alone securities. The Pre-Funded Warrants can each be purchased in this offering only with the accompanying Series A Warrants and Series B Warrants as part of the Pre-Funded Units, but the component parts of the Pre-Funded Units will be immediately separable and issued separately in this offering.<br>For each Pre-Funded Unit that we sell, the number of Ordinary Units that we are offering will be decreased on a one-for-one basis. Each Pre-Funded Warrant will be immediately exercisable and may be exercised at any time, subject to ownership limitations. The purchase price of each Pre-Funded Unit is equal to the price per Ordinary Unit being sold to the public in this offering, minus $0.00001, and the exercise price of each Pre-Funded Warrant included in the Pre-Funded Unit is $0.00001 per share. Because we will issue both a Series A Warrant and Series B Warrant as part of each Ordinary Unit or Pre-Funded Unit, the number of Series A Warrant and Series B Warrants sold in this offering will not change as a result of a change in the mix of the Ordinary Units and Pre-Funded Units sold. |
| Series A Warrants included in the Units offered: | Series A Warrants to purchase up to [●] Class A Ordinary Shares. The exercise price per share pursuant to the Series A Warrants will equal to [●]% of the price per Ordinary Unit sold in this offering. The exercise price of the Series A Warrants will be reset immediately following the [●] ([●]<sup>th</sup>) calendar day (the "Reset Date") following the issuance date of the Series A Warrants to a price that is equal to [●]% of the arithmetic average of the three lowest per share VWAPs of the Class A Ordinary Shares on the trading market for the [●] ([●]) trading days immediately prior to the Reset Date, provided that such price shall not be lower than the Floor Price (as defined below). The Series A Warrants are immediately separable and will be issued separately in this offering, but must initially be purchased together with the other component parts of the Units in this offering. The Series A Warrants will be immediately exercisable and will expire on the [●]-year anniversary of the original issuance date. The Series A Warrants may be exercised only for a whole number of shares. No fractional shares will be issued upon exercise of the Series A Warrants. This prospectus also relates to the Class A Ordinary Shares issuable upon exercise of the Series A Warrants. |

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| | |
|:---|:---|
| Series B Warrants included in the Units offered: | Series B Warrants to purchase up to [●] Class A Ordinary Shares. The exercise price per share pursuant to the Series B Warrants will equal to [●]% of the price per Ordinary Unit sold in this offering. The Series B Warrants are immediately separable and will be issued separately in this offering, but must initially be purchased together with the other component parts of the Units in this offering. The Series B Warrants will be immediately exercisable and will expire on the [●]-year anniversary of the original issuance date. The Series B Warrants may be exercised only for a whole number of shares. No fractional shares will be issued upon exercise of the Series B Warrants. This prospectus also relates to the offering of the Class A Ordinary Shares issuable upon exercise of the Series B Warrants.<br>If, at the time a holder exercises its Warrants, a registration statement registering the issuance or resale of the Class A Ordinary Shares underlying the Warrants under the Securities Act is not then effective or available for the issuance of such Class A Ordinary Shares, then in lieu of making the cash payment of the aggregate exercise price, the holder may elect instead to receive upon such exercise the net number of Class A Ordinary Shares determined according to the formula set forth in the Warrants.<br>In addition to the rights with respect to cashless exercise set forth above, a Series B Warrant holder may, at any time and in its sole discretion, exercise its Series B Warrants in whole or in part by means of a "zero exercise price" option in which the holder will be entitled to receive a number of Class A Ordinary Shares equal to the product of (a) the number of shares that would be issuable upon exercise of the Series B Warrant if such exercise were by means of a cash exercise rather than a cashless exercise and (b) the quotient obtained by dividing (i) the exercise price minus the Low Price by (ii) [●]% of the Low Price. This "zero exercise price" option will only be available at a time when the Low Price is lower than the then applicable Exercise Price. At no time shall the Low Price be lower than the Floor Price. "Floor Price" means the price equal to twenty percent (20%) of the lower of (i) the closing price (as reflected on Nasdaq.com) of the Class A Ordinary Shares immediately preceding the date of this prospectus, and (ii) the average closing price of the Class A Ordinary Shares (as reflected on Nasdaq.com) for the five trading days immediately preceding the date of this prospectus (which price shall be appropriately adjusted for any share dividend, share split, share combination, reclassification or similar transaction). As a result of this feature, we do not expect to receive any cash proceeds from the exercise of the Series B Warrants because it is highly unlikely that a Series B Warrant holder will elect to pay an exercise price in cash to receive one Class A Ordinary Share when they could elect the zero exercise price option to receive more Class A Ordinary Shares than they would receive if they did pay an exercise price. As an example, holders of the Series B Warrants may elect to be issued up to [●] Class A Ordinary Shares upon the exercise of the Series B Warrants assuming the Low Price is equal to the Floor Price. |
| Number of Ordinary Shares outstanding immediately before this offering: | 13,435,000 Ordinary Shares, consisting of 10,935,000 Class A Ordinary Shares and 2,500,000 Class B Ordinary Shares |
| Number of Ordinary Shares outstanding immediately after this offering: | [●] Ordinary Shares, consisting of [●] Class A Ordinary Shares<sup>(1)</sup> and 2,500,000 Class B Ordinary Shares |

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(1) The number of Class A Ordinary Shares to be outstanding immediately
after this offering is based on 10,935,000 Class A Ordinary Shares as of [●], 2026. Unless otherwise indicated, all information
in this prospectus assumes a public offering price of $[●] per Ordinary Unit and no issuance of any Pre-Funded Units.

 For more information on the use of proceeds, see "*Use of Proceeds"* on page 19.

**RISK FACTORS**

 

*An investment in our securities involves significant risk. The occurrence of any of the following risks could have a material adverse effect on our business, financial condition, results of operations, and future growth prospects. Before making an investment in our securities, you should carefully consider the following information about these risks, including the risk factors described in our Annual Report, and all other information contained or incorporated by reference into this prospectus before deciding to invest in our securities. The risks and uncertainties not presently known to us or that we currently deem immaterial may also materially harm our business, operating results and financial condition and could result in a complete loss of your investment.*

**Risks Related to Our Class A Ordinary Shares**

***We have received a deficiency letter from Nasdaq relating to our non-compliance with Nasdaq's continued listing requirements and our Class A Ordinary Shares could become subject to delisting from Nasdaq if we fail to regain compliance.***

 **

On March 10, 2025, we received a notice from Nasdaq that we were not in compliance with Nasdaq's minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) as the minimum bid price of our Class A Ordinary Shares had been below $1.00 per share (the "Minimum Bid Price") for 30 consecutive business days (the "Minimum Bid Price Requirement"). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), we had until September 8, 2025 to regain compliance with the Minimum Bid Price Requirement. To regain compliance, the minimum bid price of our Class A Ordinary Shares must meet or exceed $1.00 per share for a minimum of ten consecutive business days during this grace period. On September 9, 2025, the Company received a letter from Nasdaq, indicating that the Company is granted an additional 180 calendar days, or until March 9, 2026, to regain compliance with the Minimum Bid Price Requirement or be subject to delisting. In the event we did not regain compliance with the Minimum Bid Price Requirement by March 9, 2026, our Class A Ordinary Shares would become subject to delisting.

In addition, Nasdaq Listing Rule 5810(c)(3)(A)(iii) (the "Low Priced Stock Rule") provides that if a company's security has a closing bid price of $0.10 or less for ten consecutive trading days during any bid price compliance period, Nasdaq must issue a delisting determination with respect to that security. The closing price of our Class A Ordinary Shares on Nasdaq on [●], 2026 was $[●] per share. If the stock price of our Class A Ordinary Shares falls below $0.10, we may effectuate a reverse stock split, which may assist in raising the price of our Class A Ordinary Shares over $0.10. No assurances may be made as to whether our effectuation of a reverse stock would cure any future deficiencies regarding the price of our Ordinary Shares for purposes of the Low Priced Stock Rule.

Nasdaq Listing Rule 5810(c)(3)(A)(iv) provides that if a company has effected one or more reverse stock splits over the prior two-year period with a cumulative ratio of 250 shares or more to one, then the Company shall not be eligible for any compliance period. Even our board of directors are empowered to effect a reverse stock split, we cannot assure you that we can regain compliance with the Minimum Bid Price Requirement, whether within the maximum cumulative ratio that is permitted by Nasdaq or otherwise.

Furthermore, the sale of a substantial number of Class A Ordinary Shares as a result of this offering in addition to the Class A Ordinary Shares that may be issued as a result of the exercise of the Warrants issued in this offering could cause the price of our Class A Ordinary Shares to fall below the Minimum Bid Price Requirement or affect our ability to regain compliance of the Minimum Bid Price Requirement and our Class A Ordinary Shares could be delisted from Nasdaq.

 ****

 ****

***This offering may result in an immediate trading halt or delisting of our Class A Ordinary Shares from The Nasdaq Capital Market due to public interest concerns.***

Under Nasdaq Listing Rule 5101, The Nasdaq Stock Market has broad discretionary authority to terminate the listing of securities, subject to a timely-requested hearing, if it determines that continued listing is not in the public interest, even if the issuer is in compliance with The Nasdaq Stock Market's enumerated listing criteria. The Series A Warrants contain exercise price reset provisions that may result in a downward adjustment to the exercise price, subject to a floor price equal to 20% of the initial exercise price of the Series A Warrants. As a result of such features, the price of our Class A Ordinary Shares issuable upon exercise of the Series A Warrants may be substantially below the then existing market price. Further, if the holders of the Series B Warrants elect the "zero exercise price" option, the maximum number of Class A Ordinary Shares issuable upon exercise of the Series B Warrants will equal to the product of (a) the number of shares that would be issuable upon exercise of the Series B Warrant in accordance with the terms of such warrant if such exercise were by means of a cash exercise rather than a cashless exercise and (b) the quotient obtained by dividing (i) the exercise price minus the Low Price by (ii) [●]% of the Low Price, resulting in a maximum of [●] Class A Ordinary Shares issuable upon the exercise of the Series B Warrants (assuming the Low Price is equal to the Floor Price). If The Nasdaq Stock Market determines the terms of this offering raise public interest concerns due to the dilutive nature of the transaction, or any other reason, The Nasdaq Stock Market may issue a determination letter to delist our Class A Ordinary Shares pursuant to its discretionary authority under Listing Rule 5101. In that event, even if we were to timely request a hearing with respect to The Nasdaq Stock Market's determination to delist our Class A Ordinary Shares, The Nasdaq Stock Market may still impose an immediate halt on the trading of our Class A Ordinary Shares pursuant to Nasdaq Listing Rule 4120(a)(5) pending the outcome of such hearing. If trading in our Class A Ordinary Shares were to be halted or if The Nasdaq Stock Market were to determine to delist our Class A Ordinary Shares, investors could lose all or part of their investment and our ability to raise additional capital through the public or private sale of equity securities would be adversely affected.

We are aware of public disclosures by other Nasdaq-listed companies disclosing that such companies received notification letters from Nasdaq indicating that Nasdaq determined to delist such companies or impose an immediate trading halt as a result of public interest concerns related to offerings of warrants with zero exercise price or similar features, the terms of which, or the potential dilutive effect of which, are similar to this offering (and in some cases, less dilutive than this offering). To date, Nasdaq has not released formal guidance as to an acceptable level of dilution or terms with respect to these offering structures. As such, Nasdaq may also delist our Class A Ordinary Shares for public interest concerns resulting from the dilutive impact and terms of the common warrants in this offering regardless of whether we are in compliance with other continued listing criteria of Nasdaq.

***If an active trading market does not develop, you may not be able to resell our Class A Ordinary Shares at any reasonable price.***

An active trading market may not develop or, if developed, may not be sustained for the trading of our Class A Ordinary Shares. The lack of an active market may impair your ability to sell your Class A Ordinary Shares at the time you wish to sell them or at a price that you consider reasonable. An inactive market may also impair our ability to raise capital by selling Class A Ordinary Shares and may impair our ability to acquire other companies by using our Class A Ordinary Shares as consideration.

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***The trading price of our Class A Ordinary Shares could be subject to rapid and substantial volatility.***

There have been instances of extreme stock price run-ups followed by rapid price declines and strong stock price volatility with recent initial public offerings, especially among those with relatively smaller public floats. As a relatively small-capitalization company with relatively small public float, we may experience greater stock price volatility, extreme price run-ups, lower trading volume, and less liquidity than large-capitalization companies. In particular, our Class A Ordinary Shares may be subject to rapid and substantial price volatility, low volumes of trades, and large spreads in bid and ask prices. Such volatility, including any stock run-up, may be unrelated to our actual or expected operating performance and financial condition or prospects, making it difficult for prospective investors to assess the rapidly changing value of our Class A Ordinary Shares.

The trading prices of volatility and wide fluctuations could be due to factors beyond our control. This may happen due to broad market and industry factors, such as performance and fluctuation in the market prices or underperformance or deteriorating financial results of other listed companies in the same region. For example, if the trading volumes of our Class A Ordinary Shares are low, persons buying or selling in relatively small quantities may easily influence prices of our Class A Ordinary Shares. This low volume of trades could also cause the price of our Class A Ordinary Shares to fluctuate greatly, with large percentage changes in price occurring in any trading day session. Holders of our Class A Ordinary Shares may also not be able to readily liquidate their investment or may be forced to sell at depressed prices due to low-volume trading. The trading performances of other Hong Kong and Chinese companies' securities after their offerings may affect the attitudes of investors toward Hong Kong-based, U.S.-listed companies, which consequently may affect the trading performance of our Class A Ordinary Shares, regardless of our actual operating performance. In addition, any negative news or perceptions about inadequate corporate governance practices or fraudulent accounting, corporate structure, or matters of other Hong Kong and Chinese companies may also negatively affect the attitudes of investors toward Hong Kong and Chinese companies in general, including us, regardless of whether we have conducted any inappropriate activities. Furthermore, securities markets may from time to time experience significant price and volume fluctuations that are unrelated to our operating performance, which may have a material and adverse effect on the trading price of our Class A Ordinary Shares.

In addition to the above factors, the price and trading volume of our Class A Ordinary Shares may be highly volatile due to multiple factors, including the following:

● Regulatory developments affecting us or our industry;

● Variations in our revenues, profit, and cash flow;

● Changes in the economic performance or market valuations of other financial services firms;

● Actual or anticipated fluctuations in our quarterly results of operations and changes or revisions of our expected results;

● Changes in financial estimates by securities research analysts;

● Detrimental negative publicity about us, our services, our officers, our directors, our Controlling Shareholder, our business partners, or our industry;

● Announcements by us or our competitors of new service offerings, acquisitions, strategic relationships, joint ventures, capital raisings, or capital commitments;

● Additions to or departures of our senior management;

● Litigation or regulatory proceedings involving us, our officers, our directors, or our Controlling Shareholder;

● Release or expiry of lock-up or other transfer restrictions on our outstanding Class A Ordinary Shares;

● Sales or perceived potential sales of additional Class A Ordinary Shares.

Any of these factors may result in large and sudden changes in the volume and price at which our Class A Ordinary Shares will trade. As a result of this volatility, investors may experience losses on their investment in our Class A Ordinary Shares. A decline in the market price of our Class A Ordinary Shares also could adversely affect our ability to issue additional Class A Ordinary Shares and our ability to obtain additional financing in the future. No assurance can be given that an active market in our Class A Ordinary Shares will develop or be sustained. If an active market does not develop, holders of our Class A Ordinary Shares may be unable to readily sell the shares they hold or may not be able to sell their shares at all. In the past, shareholders of public companies have often brought securities class action suits against those companies following periods of instability in the market price of their securities. If we were involved in a class action suit, it could divert a significant amount of our management's attention and other resources from our business and operations and require us to incur significant expenses to defend the suit, which could harm our results of operations. Any such class action suit, whether or not successful, could harm our reputation and restrict our ability to raise capital in the future. In addition, if a claim is successfully made against us, we may be required to pay significant damages, which could have a material adverse effect on our financial condition.

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***The requirements of being a public company may strain our resources and divert management's attention.***

As a public company, we are subject to the reporting requirements of the Exchange Act, the Sarbanes-Oxley Act of 2022 (the "Sarbanes-Oxley Act"), the Dodd-Frank Wall Street Reform and Consumer Protection Act and other applicable securities rules and regulations. The Exchange Act requires, among other things, that we file annual and current reports with the SEC with respect to our business and operating results. Compliance with these rules and regulations increases our legal and financial compliance costs, makes some activities more difficult, time-consuming, or costly, and increases demand on our systems and resources.

As a result of disclosure of information in our annual report on Form 20-F and in filings required of a public company, our business and financial condition is more visible, which we believe may result in threatened or actual litigation, including by competitors and other third parties. If such claims are successful, our business and operating results could be harmed, and even if the claims do not result in litigation or are resolved in our favor, these claims, and the time and resources necessary to resolve them, could divert resources of our management and harm our business and operating results.

***Our Class A Ordinary Shares are currently listed on Nasdaq. Nasdaq may delist our Class A Ordinary Shares from trading, in which case the liquidity and market price of our Class A Ordinary Shares could decline.***

If we fail to comply with the continued listing requirements to remain listed on Nasdaq, such as the Minimum Bid Price Requirement, Nasdaq may delist our Class A Ordinary Shares, we and our shareholders could face significant material adverse consequences, including**:**

● A limited availability of market quotations for our Class A Ordinary Shares;

● Reduced liquidity for our Class A Ordinary Shares;

● A determination that our Class A Ordinary Shares are "penny stock," which would require brokers trading in our Class A Ordinary Shares to adhere to more stringent rules and possibly result in a reduced level of trading activity in the secondary trading market for our Class A Ordinary Shares;

● A limited amount of news about us and analyst coverage of us; and

● A decreased ability for us to issue additional equity securities or obtain additional equity or debt financing in the future.

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In addition, on January 13, 2026, Nasdaq has filed with the SEC certain proposed changes to the Nasdaq rules to adopt a new continued listing requirement that require companies listed on Nasdaq to maintain a minimum market value of listed securities of at least $5 million. If any company does not satisfy the proposed new requirements for a period of 30 consecutive business days, its securities will be suspended from trading and immediately delisted from Nasdaq. The proposed rules are subject to the approval by the SEC who has yet to approve the same or indicate the timeframe in doing so.

The proposed rule aims to delist companies with a very low market value. We cannot assure you that we are able to maintain a minimum market value of listed securities of $5 million as required by the proposed rule. In the event that the proposed rule is becoming effective, and we fail to comply with the additional continued listing requirements, our Class A Ordinary Shares may be suspended from trading and delisted by Nasdaq.

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***Because the amount, timing, and whether or not we distribute dividends at all is entirely at the discretion of our board of directors, you must rely on price appreciation of our Class A Ordinary Shares for return on your investment.***

Our board of directors has complete discretion as to whether to distribute dividends under our Memorandum and Articles. The declaration and payment of all dividends are subject to certain restrictions under British Virgin Islands law, namely that the Company may only pay dividends provided that the value of the Company's assets exceeds its liabilities and the Company is able to pay its debts as they fall due. Even if our board of directors decides to declare and pay dividends, the timing, amount, and form of future dividends, if any, will depend on, among other things, our future results of operations and cash flow; our capital requirements and surplus; the amount of distributions, if any, received by us from our subsidiaries; and our financial condition, contractual restrictions, and other factors deemed relevant by our board of directors. Accordingly, the return on your investment in our Class A Ordinary Shares will likely depend entirely upon any future price appreciation of our Class A Ordinary Shares. We cannot assure you that our Class A Ordinary Shares will appreciate in value or even maintain the price at which you purchased the Class A Ordinary Shares. You may not realize a return on your investment in our Class A Ordinary Shares, and you may even lose your entire investment in our Class A Ordinary Shares.

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***As a foreign private issuer, we are permitted to adopt certain home country practices in relation to corporate governance matters that differ significantly from Nasdaq corporate governance listing standards. These practices may afford less protection to shareholders than they would enjoy if we complied fully with Nasdaq corporate governance listing standards.***

As a foreign private issuer, we are permitted to take advantage of certain provisions in the Nasdaq rules that allow us to follow our home country law for certain governance matters. Certain corporate governance practices in our home country, the British Virgin Islands, may differ significantly from corporate governance listing standards.

On February [●], 2026, we notified Nasdaq that we intend to follow its home country practice in lieu of the following Nasdaq Listing Rules:

● Rule 5620, which requires the holding of an annual meeting of shareholders no later than one year after each fiscal year-end;

● Rule 5635(a) and (d), which require shareholder approval prior to an issuance of securities in connection with the acquisition of the stock or assets of another company, and with any transactions other than public offerings; and

● Rule 5250(b)(3), which requires disclosure of third party director and nominee compensation.

We submitted to Nasdaq a written statement by counsel of the British Virgin Islands certifying that the above noncompliant practices are not prohibited under the laws of the British Virgin Islands, the Company's home jurisdiction. In future, we may also rely on home country practices with respect to our other corporate governance. As a result of which, our shareholders may be afforded less protection than they would otherwise enjoy under the Nasdaq corporate governance listing standards applicable to U.S. domestic issuers.

**Risks Related to the Units and the Securities Offered**

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***There is no public market for the Series A Warrants, the Series B Warrants or the Pre-Funded Warrants.***

The Series A Warrants, the Series B Warrants and the Pre-Funded Warrants offered in this offering are not and will not be listed on any securities exchange. Also, we do not intend to apply to have the Warrants listed on any securities exchange. Consequently, there is no public trading market for the Warrants, and we do not expect a market to develop. Accordingly, investors may find it difficult to dispose of, or to obtain accurate quotations as to the market value of, the Warrants. This lack of a trading market could result in investors being unable to liquidate their investment in the Warrants or to sell them at a price that reflects their value. The absence of a public market for these securities could also reduce the liquidity and market price of our Class A Ordinary Shares to which these Warrants are exercisable. Investors should be prepared to bear the risk of investment in the Warrants indefinitely.

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***This is a best efforts offering, no minimum number or dollar amount of securities is required to be sold, and we may not raise the amount of capital we believe is required for our business plans.***

The Placement Agent has agreed to use its reasonable best efforts to solicit offers to purchase the Units in this offering. The Placement Agent has no obligation to buy any of the Units from us or to arrange for the purchase or sale of any specific number or dollar amount of the Units. There is no required minimum number of Units that must be sold as a condition to completion of this offering. Because there is no minimum offering amount required as a condition to the closing of this offering, the actual offering amount, Placement Agent's fees and proceeds to us are not presently determinable and may be substantially less than the maximum amounts set forth above. We may sell fewer than all of the Units offered hereby, which may significantly reduce the amount of proceeds received by us, and investors in this offering will not receive a refund in the event that we do not sell an amount of Units sufficient to fund our business plan. Thus, we may not raise the amount of capital we believe is required for our operations in the short-term and may need to raise additional funds, which may not be available or available on terms acceptable to us.

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***Because there is no minimum required for this offering to close, investors in this offering will not receive a refund in the event that we do not sell an amount of Units sufficient to pursue the business goals outlined in this prospectus.***

We have not specified a minimum offering amount in connection with this offering. Because there is no minimum offering amount, investors could be in a position where they have invested in our company, but we are unable to fulfill our objectives due to a lack of interest in this offering. Further, any proceeds from the sale of the Units offered by us will be available for our immediate use, despite uncertainty about whether we would be able to use such funds to effectively implement our business plan. Upon closing of this offering, investor funds will not be returned under any circumstances whether during or after this offering.

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***Lack of voting rights.***

Holders of the Warrants will not have the same voting rights as those associated with our Class A Ordinary Shares and may have no voting rights with respect to the shares underlying the Warrants until such Class A Ordinary Shares are acquired upon exercise of the Warrants. As a result, if such holders do not exercise their Warrants, they will not have any influence over matters requiring shareholders' approval during the period they hold the Warrants.

***Exercise and conversion dilution.***

The exercise of the Warrants will increase the number of Class A Ordinary Shares issued and outstanding, which will dilute the ownership interests of existing shareholders. The amount of dilution, or the reduction in value to existing Class A Ordinary Shares, is determined by the amount of shares ultimately obtained upon the exercise of the Warrants relative to the number of Class A Ordinary Shares outstanding at the time of exercise.

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***If the Series B Warrants are deemed to be non-compliant with Nasdaq rules, we may be required to amend the terms of the Series B Warrants, and could be subject to delisting.***

While the Company believes the Series B Warrants are compliant with the rules and regulations of Nasdaq, the Company cannot provide any guarantee that the Series B Warrants, or, based on the Series B Warrants, this offering is compliant with such rules and regulations, and Nasdaq may require amendment to the terms of the Series B Warrants in order to comply with its rules and regulations including terms that are less favorable to the investors in this offering. Additionally, if we are unable to adequately address Nasdaq rules, our Class A Ordinary Shares could be subject to delisting from Nasdaq, which would materially adversely affect our liquidity and investors' investment in our securities.

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***If the holders of the Series B Warrants elect to exercise such warrants using the zero exercise price option, we may not receive any additional funds and our shareholders will suffer substantial dilution.***

The Series B Warrants contain a zero exercise price provision which provides the holders the right, at their option, to receive a number of Class A Ordinary Shares equal to the product of (a) the number of shares that would be issuable upon exercise of the Series B Warrant in accordance with the terms of such warrant if such exercise were by means of a cash exercise rather than a cashless exercise and (b) the quotient obtained by dividing (i) the exercise price minus the Low Price by (ii) [●]% of the Low Price. This "zero exercise price" option is only available at a time when the Low Price is lower than the then applicable Exercise Price. At no time can the Low Price be lower than the Floor Price. As a result of this feature, we do not expect to receive any cash proceeds from the exercise of the Series B Warrants in these circumstances because it is highly unlikely that a Series B Warrant holder will elect to pay an exercise price in cash to receive one Class A Ordinary Share at a time when they could elect the zero exercise price option to receive more Class A Ordinary Shares than they would receive if they did pay an exercise price.

Based on an assumed exercise price of $[●], the Floor Price would be $[●] which would entitle an exercising holder of a Series B Warrant to receive up to [●] Class A Ordinary Shares for each Series B Warrant they exercise if the market price for the Class A Ordinary Shares drops to the Floor Price, or [●] Class A Ordinary Shares in the aggregate. If holders elect the zero exercise price option, on this basis, such exercise will result in substantial dilution to stockholders.

 ****

***The Warrants have beneficial ownership limitations.***

An investment in the Units involves a significant risk due to the 4.99% (or 9.99% if the investor so elects) beneficial ownership limitation that the Warrants are subject to. The terms of the Warrants prohibit any single holder from exercising the Warrants if such exercise would result in the holder beneficially owning more than 4.99% (or 9.99% if the investor so elects) of our outstanding Class A Ordinary Shares immediately after the exercise, as elected by the holder at the time of issuance of the warrants. This limitation may also hinder the holder's ability to sell or exercise the Warrants when it may be most advantageous to do so, which could affect the value of their investment.

**SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS**

This prospectus and the documents incorporated by reference in this prospectus contain forward-looking statements that involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements by the words "may," "might," "will," "could," "would," "should," "expect," "intend," "plan," "goal," "objective," "anticipate," "believe," "estimate," "predict," "potential," "continue," and "ongoing," or the negative of these terms, or other comparable terminology intended to identify statements about the future. These statements involve known and unknown risks, uncertainties, and other important factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. The forward-looking statements and opinions contained in this prospectus are based upon information available to us as of the date of this prospectus and, while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. Forward-looking statements include statements about:

● our ability to comply with continued listing requirements of Nasdaq;

● risks related to the immediate halting or delisting of our Class A Ordinary Shares from Nasdaq;

● risks relating to ownership of our Class A Ordinary Shares, including high volatility and dilution, and the Warrants;

● timing of the development of future business;

● capabilities of our business operations;

● expected future economic performance;

● competition in our market;

● continued market acceptance of our services and products distributed by us;

● changes in the laws that affect our operations;

● inflation and fluctuations in foreign currency exchange rates;

● our ability to obtain and maintain all necessary government certifications, approvals, and/or licenses to conduct our business;

● continued development of a public trading market for our securities;

● the cost of complying with current and future governmental regulations and the impact of any changes in the regulations on our operations;

● managing our growth effectively;

● projections of revenue, earnings, capital structure, and other financial items;

● fluctuations in operating results;

● dependence on our senior management and key employees; and

● other factors set forth under *"Risk Factors"* in this prospectus and *"Item 3. Key Information — D. Risk Factors"* in our Annual Report, which is incorporated by reference herein.

You should refer to the section titled "Risk Factors" in this prospectus and in the documents incorporated by reference into this prospectus for a discussion of important factors that may cause our actual results to differ materially from those expressed or implied by our forward-looking statements. As a result of these factors, we cannot assure you that the forward-looking statements in this prospectus and in the documents incorporated by reference herein and therein will prove to be accurate. Furthermore, if our forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified time frame, or at all. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

You should read this prospectus and the documents that we reference in this prospectus and the documents incorporated by reference herein and therein and have filed as exhibits to the registration statement, of which this prospectus forms a part, completely and with the understanding that our actual future results may be materially different from what we expect. We qualify all of our forward-looking statements by these cautionary statements.

**USE OF PROCEEDS**

We estimate that we will receive approximately $[●] in net proceeds from the sale of [●] Ordinary Units offered by us in this offering, after deducting the Placement Agent's fees, accountable expense allowance and estimated offering expenses of approximately $[●] payable by us and assuming no sale of any Pre-Funded Units and no exercise of any Warrants.

We intend to use these proceeds for capital expenditures, operating capacity, working capital, general corporate purposes and potential business combinations or acquisitions in the future. As of the date of this prospectus, we have not identified any target of such potential business combinations or acquisitions.

This expected use of the net proceeds from this offering represents our intentions based upon our current plans and business conditions. Our management will have discretion in allocating the net proceeds in accordance with the above priorities and purposes. The amounts and timing of our actual expenditures will depend upon numerous factors, including the progress of our expansion and development efforts, whether or not we enter into strategic transactions, our general operating costs and expenditures, and the changing needs of our business.

Each $[●] increase (decrease) in the assumed public offering price of $[●] per Ordinary Unit, which is the closing price of our Class A Ordinary Shares on Nasdaq on [●], 2026, would increase (decrease) the net proceeds to us from this offering by approximately $[●], assuming the number of securities offered, as set forth on the cover page of this prospectus, remains the same, and after deducting estimated offering expenses payable by us and assuming no exercise of any Warrants and no issuance of any Pre-Funded Units.

Each 100,000 increase (decrease) in the number of Ordinary Units offered by us in this offering would increase (decrease) the net proceeds to us from this offering by approximately $[●], and assuming no change in the assumed public offering price per Ordinary Unit and after deducting the estimated Placement Agent's fees, accountable expense allowance and estimated offering expenses payable by us and assuming no exercise of any Warrants and no issuance of any Pre-Funded Units in this offering.

**DIVIDEND POLICY**

We do not have any present plan to declare or pay any dividends on our Ordinary Shares in the foreseeable future. We currently intend to retain all available funds and future earnings, if any, for the operation and expansion of our business, and we do not anticipate declaring or paying any dividends in the foreseeable future. Any future determination related to our dividend policy will be made at the discretion of our board of directors after considering our financial condition, results of operations, capital requirements, contractual requirements, business prospects and other factors the board of directors deems relevant, and subject to the restrictions contained in any future financing instruments.

The declaration, amount and payment of any future dividends will be at the sole discretion of our board of directors, subject to compliance with applicable BVI laws regarding solvency. Our board of directors will take into account general economic and business conditions, our financial condition and results of operations, our available cash and current and anticipated cash needs, capital requirements, contractual, legal, tax and regulatory restrictions and other implications on the payment of dividends by us to our shareholders or by our subsidiaries to us, and such other factors as our board of directors may deem relevant.

Under the BVI Act, a BVI company may make a dividend distribution to the extent that immediately after the distribution, the value of the company's assets exceeds its liabilities and that such company is able to pay its debts as they fall due.

We are a holding company incorporated in the BVI. In order for us to distribute any dividends to our shareholders, we rely on dividends paid to us by our subsidiaries for our cash requirements, including funds to pay any dividends and other cash distributions to our shareholders, service any debt we may incur and pay our operating expenses. Our ability to pay dividends to our shareholders will depend on, among other things, the availability of dividends from our operating subsidiary.

Cash dividends, if any, on our Class A Ordinary Shares will be paid in U.S. dollars.

**CAPITALIZATION**

The following table sets forth our cash and cash equivalents, debt and capitalization as of June 30, 2025:

● on an actual basis; and

● on an as adjusted basis to give effect to the issuance of all [●] Ordinary Units in this offering at an assumed public offering price of $[●] per Ordinary Unit, which was the closing price of our Class A Ordinary Shares on Nasdaq on [●], 2026, assuming no sales of Pre-Funded Units and no exercise of the Warrants issued in connection with this offering, after deducting Placement Agent's fees, accountable expense allowance and estimated offering expenses payable by us, as set forth in this prospectus.

You should read the following table in conjunction with the sections entitled *"Use of Proceeds"* and *"Item 5. Operating and Financial Review and Prospects,"* and our financial statements and the related notes thereto included in our Annual Report, which is incorporated by reference herein.

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| | | |
|:---|:---|:---|
|  | **As of June 30, 2025** | **As of June 30, 2025** |
|  | **Actual <br> (Audited)** | **As Adjusted <br> (Unaudited)** |
| Ordinary Shares, $0.00001 par value per share: 500,000,000 shares authorized comprising (i) 497,500,000 Class A Ordinary Shares and (ii) 2,500,000 Class B Ordinary Shares; 13,435,000 shares issued comprising 10,935,000 Class A Ordinary Shares and 2,500,000 Class B Ordinary Shares and outstanding, and; [●] shares issued and outstanding as adjusted comprising [●] Class A Ordinary Shares and 2,500,000 Class B Ordinary Shares; | $137 | $[●] |
| Additional paid-in capital |  |  |
| Capital reserve | 2591673 | 2591673 |
| Share premium | 6531468 | 6531468 |
| Retained earnings/(Accumulated losses) | (32883) | (32883) |
| Total shareholders' equity | $9090395 | $9090395 |
| Loan from related parties | – | – |
| Total capitalization | $9090395 | [●] |

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Each $[●] increase (decrease) in the assumed public offering price of $[●] per Ordinary Unit, which is the closing price of our Class A Ordinary Shares on Nasdaq on [●], 2026, would increase (decrease) the as adjusted amount of each of cash and cash equivalents by approximately $[●] and increase (decrease) shareholders' equity by approximately $[●], assuming no change in the assumed public offering price per Ordinary Unit and after deducting the estimated Placement Agent's fees, accountable expense allowance and estimated offering expenses payable by us and assuming no issuance of any Pre-Funded Units and no exercise of any Warrants. Each 100,000 Ordinary Units increase (decrease) in the number of Ordinary Units offered by us in this offering would increase (decrease) the as adjusted amount of each of cash and cash equivalents by approximately $[●] and increase (decrease) shareholders' equity by approximately $[●], assuming no change in the assumed public offering price per Ordinary Unit and after deducting the estimated Placement Agent's fees, accountable expense allowance and estimated offering expenses payable by us and assuming no issuance of any Pre-Funded Units and no exercise of any Warrants.

**DILUTION**

Purchasers of our Units in this offering will experience an immediate and substantial dilution in the net tangible book value of their Class A Ordinary Shares included in the Units. Dilution in net tangible book value represents the difference between the public offering price per share and the net tangible book value per share of our Class A Ordinary Shares immediately after this offering.

The historical net tangible book value of our Class A Ordinary Shares as of June 30, 2025 was $11,501,939 or $1.05 per share. Historical net tangible book value per share of our Class A Ordinary Shares represents our total tangible assets (total assets less intangible assets) less total liabilities divided by the number of Class A Ordinary Shares outstanding as of that date.

After giving further effect to the sale of a total of [●] Ordinary Units in this offering at the assumed public offering price of $[●] per Ordinary Unit, which was the closing price of our Class A Ordinary Shares on Nasdaq on [●], 2026 (assuming no issuance of any Pre-Funded Units, no exercise of any Warrants and 100% of the securities offered in this offering are sold), less the Placement Agent's fees, accountable expense allowance and other expenses of $[●] for net proceeds of $[●], our as adjusted net tangible book value as of June 30, 2025 would have been $[●] or $[●] per Class A Ordinary Share.

This represents an immediate increase in the as adjusted net tangible book value per share of $[●] to the existing stockholders and an immediate dilution in as adjusted net tangible book value per share of $[●] to new investors who purchase Units in this offering. The following table illustrates this per share dilution to new investors:

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| | |
|:---|:---|
| Assumed public offering price per Ordinary Unit | $[●] |
| &nbsp;&nbsp;&nbsp;Historical net tangible book value of our Class A Ordinary Shares as of June 30, 2025 | $1.05 |
| &nbsp;&nbsp;&nbsp;Increase in as adjusted net tangible book value per Class A Ordinary Share attributable to new investors purchasing Units in this offering | $[●] |
| As adjusted net tangible book value per Class A Ordinary Share after this offering | $[●] |
| Dilution per Class A Ordinary Share to new investors in this offering | $[●] |

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The above discussion and table are based on 10,935,000 Class A Ordinary Shares outstanding as of the date of this prospectus.

To the extent that outstanding warrants are exercised, you will experience further dilution. In addition, we may choose to raise additional capital due to market conditions or strategic considerations even if we believe we have sufficient funds for our current or future operating plans. To the extent that additional capital is raised through the sale of equity or convertible debt securities, the issuance of these securities may result in further dilution to our stockholders.

The dilution information set forth in the table above is illustrative only and will be adjusted based on the actual public offering price and other terms of this offering determined at pricing.

Each $[●] increase (decrease) in the assumed public offering price of $[●] per Ordinary Unit, which is the closing price of our Class A Ordinary Shares on Nasdaq on [●], 2026, would increase (decrease) our as adjusted net tangible book value after this offering by approximately $[●] and would increase (decrease) the dilution per Class A Ordinary Share to new investors by $[●], assuming the number of Ordinary Units offered by us, as set forth on the cover page of this prospectus remains the same, no issuance of any Pre-Funded Units and no exercise of any Warrants, after deducting the estimated Placement Agent's fees, accountable expense allowance and estimated offering expenses payable by us.

Each 100,000 Ordinary Units increase (decrease) in the number of securities offered by us in this offering would increase (decrease) our as adjusted net tangible book value after this offering by approximately $[●] and would increase or decrease the dilution per Class A Ordinary Share to new investors by $[●], assuming the assumed public offering price as set forth on the cover page of this prospectus remains the same, after deducting estimated Placement Agent's fees, accountable expense allowance and estimated offering expenses payable by us, and assuming no issuance of any Pre-Funded Units and no exercise of any Warrants.

**DESCRIPTION OF SHARES**

The following description of the share capital of the Company and the provisions of our Memorandum and Articles of Association are summaries, do not purport to be complete and is qualified in its entirety by reference to our Memorandum and Articles of Association, filed as an exhibit to the registration statement of which this prospectus is a part.

We are a BVI business company and our affairs are governed by our memorandum and articles of association, as amended from time to time, and the BVI Act.

As of the date of this prospectus, we are authorized to issue up to a maximum of 500,000,000 ordinary shares of a single class with a par value of US$0.00001 each comprising (i) 497,500,000 Class A Ordinary Shares; and (b) 2,500,000 Class B Ordinary Shares.

As of the date of this prospectus, we have 10,935,000 Class A Ordinary Shares and 2,500,000 Class B Ordinary Shares issued and outstanding. All of our shares issued and outstanding are fully paid, and all of our shares to be issued in this offering will be issued as fully paid.

**Our Memorandum and Articles** 

We incorporate by reference into this prospectus the description of our Memorandum and Articles contained in our Annual Report under *"Item 10. Additional Information – B. Memorandum and Articles of Association."* Such description are summaries only and are qualified by reference to the Memorandum and Articles, copies of these documents have been filed with the SEC as exhibits to our registration statement, of which this prospectus forms a part.

**Differences in Corporate Law**

The BVI Act and the laws of the BVI affecting BVI companies like us and our shareholders differ from laws applicable to U.S. corporations and their shareholders. Set forth below is a summary of the significant differences between the provisions of the laws of the BVI applicable to us and, for illustrative purposes only, the Delaware General Corporation Law (the "DGCL"), which are applicable to corporations incorporated in the state of Delaware and their shareholders.

 

*Mergers and Similar Arrangements.* Under the BVI Act, two or more BVI companies may merge or consolidate in accordance with the statutory provisions. A merger means the merging of two or more constituent companies into one of the constituent companies, and a consolidation means the uniting of two or more constituent companies into a new company. In order to merge or consolidate, the directors of each constituent BVI company must approve a written plan of merger or consolidation which must be authorized by a resolution of shareholders. One or more BVI companies may also merge or consolidate with one or more companies incorporated under the laws of jurisdictions outside the BVI, if the merger or consolidation is permitted by the laws of the jurisdictions in which the companies incorporated outside the BVI are incorporated. In respect of such a merger or consolidation a BVI company is required to comply with the provisions of the BVI Act and a company incorporated outside the BVI is required to comply with the laws of its jurisdiction of incorporation.

Shareholders of BVI companies not otherwise entitled to vote on the merger or consolidation may still acquire the right to vote if the plan of merger or consolidation contains any provision which, if proposed as an amendment to the memorandum association or articles of association, would entitle them to vote as a class or series on the proposed amendment. In any event, all shareholders must be given a copy of the plan of merger or consolidation irrespective of whether they are entitled to vote at the meeting or consent to the written resolution to approve the plan of merger or consolidation.

Under Delaware law each corporation's board of directors must approve a merger agreement. The merger agreement must state, among other terms, the terms of the merger and method of carrying out the merger. This agreement must then be approved by the majority vote of the outstanding stock entitled to vote at an annual or special meeting of each corporation, and no class vote is required unless provided in the certificate of incorporation.

Delaware permits an agreement of merger to contain a provision allowing the agreement to be terminated by the board of directors of either corporation, notwithstanding approval of the agreement by the stockholders of all or any of the corporations (1) at any time prior to the filing of the agreement with the Secretary of State or (2) after filing if the agreement contains a post-filing effective time and an appropriate filing is made with the Secretary of State to terminate the agreement before the effective time. In lieu of filing an agreement of merger, the surviving corporation may file a certificate of merger, executed in accordance with Section 103 of the DGCL. The surviving corporation is also permitted to amend and restate its certification of incorporation in its entirety. The agreement of merger may also provide that it may be amended by the board of directors of either corporation prior to the time that the agreement filed with the Secretary of State becomes effective, even after approval by stockholders, so long as any amendment made after such approval does not adversely affect the rights of the stockholders of either corporation and does not change any term in the certificate of incorporation of the surviving corporation. If the agreement is amended after filing but before becoming effective, an appropriate amendment must be filed with the Secretary of State. If the surviving corporation is not a Delaware corporation, it must consent to service of process for enforcement of any obligation of the corporation arising as a result of the merger; such obligations include any suit by a stockholder of the disappearing Delaware corporation to enforce appraisal rights under Delaware law.

If a proposed merger or consolidation for which appraisal rights are provided is to be submitted for approval at a shareholder meeting, the subject company must give notice of the availability of appraisal rights to its shareholders at least 20 days prior to the meeting.

A dissenting shareholder who desires to exercise appraisal rights must (a) not vote in favor of the merger or consolidation; and (b) continuously hold the shares of record from the date of making the demand through the effective date of the applicable merger or consolidation. Further, the dissenting shareholder must deliver a written demand for appraisal to the company before the vote is taken. The Delaware Court of Chancery will determine the fair value of the shares exclusive of any element of value arising from the accomplishment or expectation of the merger, together with interest, if any, to be paid upon the amount determined to be the fair value. In determining such fair value, the court will take into account "all relevant factors." Unless the Delaware Court of Chancery in its discretion determines otherwise, interest from the effective date of the merger through the date of payment of the judgment will be compounded quarterly and accrue at 5% over the Federal Reserve discount rate.

*Shareholders' Suits.* The BVI Act provides for remedies which may be available to shareholders. Where a company incorporated under the BVI Act or any of its directors engages in, or proposes to engage in, conduct that contravenes the BVI Act or the company's memorandum and articles of association, the BVI courts can issue a restraining or compliance order. Shareholders can also bring derivative, personal and representative actions under certain circumstances. The traditional English basis for members' remedies has also been incorporated into the BVI Act: where a shareholder of a company considers that the affairs of the company have been, are being or are likely to be conducted in a manner likely to be oppressive, unfairly discriminating or unfairly prejudicial to him, he may apply to the court for an order based on such conduct.

Any shareholder of a company may apply to court for the appointment of a liquidator of the company and the court may appoint a liquidator of the company if it is of the opinion that it is just and equitable to do so.

The BVI Act provides that any shareholder of a company is entitled to payment of the fair value of his shares upon dissenting from any of the following: (a) a merger, if the company is a constituent company, unless the company is the surviving company and the member continues to hold the same or similar shares; (b) a consolidation, if the company is a constituent company; (c) any sale, transfer, lease, exchange or other disposition of more than 50% in value of the assets or business of the company if not made in the usual or regular course of the business carried on by the company but not including (i) a disposition pursuant to an order of the court having jurisdiction in the matter, (ii) a disposition for money on terms requiring all or substantially all net proceeds to be distributed to the shareholders in accordance with their respective interest within one year after the date of disposition, or (iii) a transfer pursuant to the power of the directors to transfer assets for the protection thereof; (d) a redemption of 10% or fewer of the issued shares of the company required by the holders of 90% or more of the shares of the company pursuant to the terms of the BVI Act; and (e) an arrangement, if permitted by the court.

 

*Indemnification of Directors and Executive Officers and Limitation of Liability*. Under BVI law, a company may provide very broad indemnification for its directors, officers, and other persons in its articles of association. Such indemnification is permitted except to the extent limited by the BVI Act or public policy. In particular, a company may not indemnify a person unless such person acted honestly and in good faith and, in the case of criminal proceedings, had no reasonable cause to believe that such person's conduct was unlawful. Indemnification against criminal acts, fraud, or conduct contrary to public policy will not be enforceable.

This standard of conduct is generally the same as permitted under the DGCL for a Delaware corporation.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers or persons controlling us under the foregoing provisions, we have been advised that in the opinion of the SEC, such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

 

*Directors' Fiduciary Duties.* BVI law provides that every director of a BVI company in exercising his powers or performing his duties shall act honestly and in good faith and in what the director believes to be in the best interests of the company. Additionally, the director shall exercise the care, diligence, and skill that a reasonable director would exercise in the same circumstances taking into account the nature of the company, the nature of the decision and the position of the director and his responsibilities. In addition, BVI law provides that a director shall exercise his powers as a director for a proper purpose and shall not act, or agree to the company acting, in a manner that contravenes BVI law or the memorandum association or articles of association of the company.

Under Delaware corporate law, a director of a Delaware corporation has a fiduciary duty to the corporation and its shareholders. This duty has two components: the duty of care and the duty of loyalty. The duty of care requires that a director act in good faith, with the care that an ordinarily prudent person would exercise under similar circumstances. Under this duty, a director must inform himself of, and disclose to shareholders, all material information reasonably available regarding a significant transaction. The duty of loyalty requires that a director act in a manner he reasonably believes to be in the best interests of the corporation. He must not use his corporate position for personal gain or advantage. This duty prohibits self-dealing by a director and mandates that the best interest of the corporation and its shareholders take precedence over any interest possessed by a director, officer or controlling shareholder and not shared by the shareholders generally. In general, actions of a director are presumed to have been made on an informed basis, in good faith and in the honest belief that the action taken was in the best interests of the corporation. However, this presumption may be rebutted by evidence of a breach of one of the fiduciary duties. Should such evidence be presented concerning a transaction by a director, a director must prove the procedural fairness of the transaction and that the transaction was of fair value to the corporation.

 

*Shareholder Action by Written Consent.* Our Memorandum and Articles provide that shareholders may approve corporate matters by way of a resolution approved at a duly constituted meeting of shareholders by the affirmative vote of a simple majority of the votes of those shareholders entitled to vote and voting on the resolution; or a resolution consented to in writing by all of the shareholders entitled to vote thereon.

Under the DGCL, a corporation may eliminate the right of shareholders to act by written consent by amendment to its certificate of incorporation.

 

*Shareholder Proposals.* BVI law and our Memorandum and Article provide that our directors shall call a meeting of the shareholders if requested in writing to do so by shareholders entitled to exercise at least 30% of the voting rights in respect of the matter for which the meeting is requested.

Under the DGCL, a shareholder has the right to put any proposal before the annual meeting of shareholders, provided it complies with the notice provisions in the governing documents. A special meeting may be called by the board of directors or any other person authorized to do so in the governing documents, but shareholders may be precluded from calling special meetings.

 

*Cumulative Voting.* There are no prohibitions to cumulative voting under the laws of the BVI, but our Memorandum and Articles do not provide for cumulative voting.

Cumulative voting potentially facilitates the representation of minority shareholders on a board of directors since it permits the minority shareholder to cast all the votes to which the shareholder is entitled on a single director, which increases the shareholder's voting power with respect to electing such director.

Under the DGCL, cumulative voting for elections of directors is not permitted unless the corporation's certificate of incorporation specifically provides for it. As a result, our shareholders are not afforded any less protections or rights on this issue than shareholders of a Delaware corporation.

 

 

*Removal of Directors.* Our Articles provides that a director may be removed from office by a resolution of shareholders or by resolution of directors. A resolution for the removal of a director may only be passed at a meeting called for the purpose of removing the director or for purposes including the removal of the director or by a written resolution passed by at least seventy-five percent (75%) of the votes of the shareholders or directors entitled to vote.

Under the DGCL, a director of a corporation with a classified board may be removed only for cause with the approval of a majority of the outstanding shares entitled to vote, unless the certificate of incorporation provides otherwise.

 

*Transactions with Interested Shareholders.* The DGCL contains a business combination statute applicable to Delaware public corporations whereby, unless the corporation has specifically elected not to be governed by such statute by amendment to its certificate of incorporation, it is prohibited from engaging in certain business combinations with an "interested shareholder" for three years following the date that such person becomes an interested shareholder. An interested shareholder generally is a person or group who or which owns or owned 15% or more of the target's outstanding voting shares within the past three years. This has the effect of limiting the ability of a potential acquirer to make a two-tiered bid for the target in which all shareholders would not be treated equally. The statute does not apply if, among other things, prior to the date on which such shareholder becomes an interested shareholder, the board of directors approves either the business combination or the transaction which resulted in the person becoming an interested shareholder. This encourages any potential acquirer of a Delaware public corporation to negotiate the terms of any acquisition transaction with the target's board of directors.

BVI law has no comparable provision. As a result, we cannot avail ourselves of the types of protections afforded by the Delaware business combination statute. Although BVI law does not regulate transactions between a company and its significant shareholders, it does provide that transactions by the Company must be entered into bona fide in the best interests of the company and not with the effect of oppressing or constituting a fraud on the minority shareholders.

 

*Dissolution; Winding up.* As permitted by BVI law and our Memorandum and Articles, we may be voluntarily liquidated under Part XII of the BVI Act by resolution of directors and resolution of shareholders if we have no liabilities or we are able to pay our debts as they fall due and value of the Company's assets equals or exceeds its liabilities.

Under the Delaware General Corporation Law, unless the board of directors approves the proposal to dissolve, dissolution must be approved by shareholders holding 100% of the total voting power of the corporation. Only if the dissolution is initiated by the board of directors may it be approved by a simple majority of the corporation's outstanding shares. Delaware law allows a Delaware corporation to include in its certificate of incorporation a supermajority voting requirement in connection with dissolutions initiated by the board.

 

*Variation of Rights of Shares.* Under the Delaware General Corporation Law, a corporation may vary the rights of a class of shares with the approval of a majority of the outstanding shares of such class, unless the certificate of incorporation provides otherwise.

Under our Memorandum and Articles, if at any time our shares are divided into different classes of shares, the rights attached to any class may only be varied pursuant to consent in writing of all the holders of the issued shares of that class or with the sanction of a resolution passed by a majority of the votes cast at a separate meeting of the holders of the shares of that class.

To every such separate general meeting all the provisions of the Articles relating to general meetings of shareholders shall, mutatis mutandis, apply, but so that:

&nbsp;&nbsp;&nbsp;&nbsp;(a) separate general meetings of the holders of a class or series of shares
 may be called only by (i) the chairman of the board of directors, or (ii) a majority of the entire board of directors (unless
 otherwise specifically provided by the terms of issue of the shares of such class or series);

(b) the necessary quorum (whether at a separate general meeting or at its
 adjourned meeting) shall be a person or persons (or in the case of a shareholder being a corporation, its duly authorized representative)
 together holding or representing by proxy not less than one-third in nominal or par value of the issued shares of that class
 (but so that if at any adjourned meeting of such holders a quorum as above defined is not present, those shareholders who are present
 shall form a quorum);

(c) every holder of shares of the class shall be entitled (whether on show
 of hands or on a poll) to one vote for every such share held by him; and

(d) any holder of shares of the class present in person or by proxy or
 authorized representative may demand a poll

*Amendment of Governing Documents.* As permitted by BVI law, our Memorandum and Articles may be amended by a resolution of shareholders and, subject to certain exceptions, by a resolution of directors. Any amendment is effective from the date it is registered at the Registry of Corporate Affairs in the BVI. Under the Delaware General Corporation Law, a corporation's governing documents may be amended with the approval of a majority of the outstanding shares entitled to vote, unless the certificate of incorporation provides otherwise.

 

*Rights of Non-resident or Foreign Shareholders.* There are no limitations imposed by our Memorandum and Articles of Association on the rights of non-resident or foreign shareholders to hold or exercise voting rights on our shares. In addition, there are no provisions in our Memorandum and Articles of Association governing the ownership threshold above which shareholder ownership must be disclosed.

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***Listing***

The Class A Ordinary Shares are listed on the Nasdaq under the symbol "LNKS". On [●], 2026, the last reported sale price of our Class A Ordinary Shares on Nasdaq was $[●] per share.

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***Transfer Agent***

The transfer agent of our Class A Ordinary Shares is VStock Transfer, LLC, located at 18 Lafayette Place, Woodmere, New York 11593.

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**DESCRIPTION OF THE SECURITIES WE ARE OFFERING**

**Ordinary Units**

We are offering the Ordinary Units at the assumed initial public offering price of $[●] per Ordinary Unit. Each Ordinary Unit consists of one Class A Ordinary Share, one Series A warrant to purchase one Class A Ordinary Share, and one Series B warrant to purchase one Class A Ordinary Share at an assumed public offering price of $[●] per Ordinary Unit, which is the closing price of our Class A Ordinary Shares on Nasdaq on [●], 2026. The Ordinary Units have no stand-alone rights and will not be certificated or issued as stand-alone securities. The Class A Ordinary Shares can be purchased in this offering only with the accompanying Series A Warrants and Series B Warrants as part of the Ordinary Units, but the component parts of the Ordinary Units will be immediately separable and issued separately in this offering.

**Pre-Funded Units**

We are offering Pre-Funded Units at a price equal to the price per Ordinary Unit, minus $0.00001, and the exercise price of each Pre-Funded Warrant included in the Pre-Funded Unit will be $0.00001 per Class A Ordinary Share. Each Pre-Funded Unit consists of one Pre-Funded Warrant to purchase one Class A Ordinary Share, one Series A Warrant and one Series B Warrant. For each Pre-Funded Unit that we sell, the number of Ordinary Units that we are offering will be decreased on a one-for-one basis. The Pre-Funded Units have no stand-alone rights and will not be certificated or issued as stand-alone securities. The Pre-Funded Warrants, Series A Warrant and Series B Warrants are immediately separable, will be issued separately in this offering and may be transferred separately immediately upon issuance.

**Series A Warrants**

The following summary of certain terms and provisions of the Series A Warrants offered hereby is not complete and is subject to, and qualified in its entirety by, the terms and provisions of the form of Series A Warrant. Prospective investors should carefully review the terms and provisions set forth in the form of Serie A Warrant.

 

*Exercisability.* The Series A Warrants are exercisable at any time after their original issuance and at any time up to the date that is one year years after their original issuance. The Series A Warrants will be exercisable, at the option of each holder, in whole or in part by delivering to us a duly executed exercise notice and, at any time a registration statement registering the issuance of the Class A Ordinary Shares underlying the Series A Warrants under the Securities Act is effective and available for the issuance of such shares, by payment in full in immediately available funds for the number of Class A Ordinary Shares purchased upon such exercise. If a registration statement registering the issuance of the Class A Ordinary Shares underlying the Series A Warrants under the Securities Act is not effective or available the holder may, in its sole discretion, elect to exercise the Series A Warrant through a cashless exercise, in which case the holder would receive upon such exercise the net number of Class A Ordinary Shares determined according to the formula set forth in the Series A Warrant. No fractional shares will be issued in connection with the exercise of a Series A Warrant. In lieu of fractional shares, we will pay the holder an amount in cash equal to the fractional amount multiplied by the exercise price or round up to the next whole share.

 

*Exercise Limitation.* A holder will not have the right to exercise any portion of the Series A Warrant if the holder (together with its affiliates) would beneficially own in excess of 4.99% of the number of Class A Ordinary Shares outstanding immediately after giving effect to the exercise, as such percentage ownership is determined in accordance with the terms of the Series A Warrants. However, any holder may increase such percentage to any other percentage not in excess of 9.99%, provided that any increase in such percentage shall not be effective until 61 days following notice from the holder to us.

*Exercise Price.* The exercise price per whole Class A Ordinary Share purchasable upon exercise of the Series A Warrants will be [●]% of the price per Ordinary Unit sold in this offering. The exercise price of each Series A Warrant will be reset immediately following the [●] ([●]<sup>th</sup>) calendar day (the "Reset Date") following the issuance date of the Series A Warrants to a price equal to [●]% of the arithmetic average of the sum of the three lowest per share VWAPs of the Class A Ordinary Shares on Nasdaq for the five (5) trading days immediately prior to the Reset Date, provided that such price shall not be lower than the Floor Price. The exercise price is subject to appropriate adjustment in the event of certain stock dividends and distributions, stock splits, stock combinations, reclassifications or similar events affecting our Class A Ordinary Shares and also upon any distributions of assets, including cash, stock or other property to our shareholders.

*Transferability.* Subject to applicable laws, the Series A Warrants may be offered for sale, sold, transferred or assigned without our consent.

 

*Exchange Listing.* We do not intend to apply to list the Series A Warrants on any securities exchange or other nationally recognized trading system. Without an active trading market, the liquidity of the Series A Warrants will be limited.

 

*Fundamental Transactions.* In the event of a Fundamental Transaction (as defined in the Series A Warrant) and generally including any reorganization, recapitalization or reclassification of our Class A Ordinary Shares, the sale, transfer or other disposition of all or substantially all of our properties or assets, our consolidation or merger with or into another person, the acquisition of more than 50% of our outstanding Class A Ordinary Shares, or any person or group becoming the beneficial owner of 50% of the voting power represented by our outstanding Class A Ordinary Shares, the holders of the Series A Warrants will be entitled to receive upon exercise of the Series A Warrants the number of Class A Ordinary Shares of the successor or acquiring corporation or of the Company, if it is the surviving corporation, or depositary shares representing those shares, and any additional consideration receivable as a result of such Fundamental Transaction by holders of the number of Class A Ordinary Shares for which the Series A Warrants are exercisable immediately prior to such Fundamental Transaction without regard to any limitations on exercise contained in the Series A Warrants. The holders of the Series A Warrants may also require us or any successor entity to purchase the Series A Warrants from the holders by paying to the holder an amount in cash (or other types or form of consideration in special circumstances listed in the Series A Warrant) equal to the Black Scholes value (as defined in the Series A Warrant) of the remaining unexercised portion of the Series A Warrant on the date of the fundamental transaction.

 

*Rights as a Shareholder.* Except as otherwise provided in the Series A Warrants or by virtue of such holder's ownership of our Class A Ordinary Shares, the holder of a Series A Warrant does not have the rights or privileges of a holder of our Class A Ordinary Shares, including any voting rights, until the holder exercises the Series A Warrant.

**Series B Warrants**

The following summary of certain terms and provisions of the Series B Warrants offered hereby is not complete and is subject to, and qualified in its entirety by, the terms and provisions of the form of Warrant. Prospective investors should carefully review the terms and provisions set forth in the form of Series B Warrant.

 

*Exercisability.* The Series B Warrants are exercisable at any time after their original issuance and at any time up to the date that is one year after their original issuance. The Series B Warrants will be exercisable, at the option of each holder, in whole or in part by delivering to us a duly executed exercise notice and, at any time a registration statement registering the issuance of the Class A Ordinary Shares underlying the warrants under the Securities Act is effective and available for the issuance of such shares, by payment in full in immediately available funds for the number of Class A Ordinary Shares purchased upon such exercise. If a registration statement registering the issuance of the Class A Ordinary Shares underlying the Series B Warrants under the Securities Act is not effective or available the holder may, in its sole discretion, elect to exercise the Series B Warrant through a cashless exercise, in which case the holder would receive upon such exercise the net number of Class A Ordinary Shares determined according to the formula set forth in the Series B Warrant. No fractional shares will be issued in connection with the exercise of a Series B Warrant. In lieu of fractional shares, we will pay the holder an amount in cash equal to the fractional amount multiplied by the exercise price or round up to the next whole share.

 

*Exercise Limitation.* A holder will not have the right to exercise any portion of the Series B Warrant if the holder (together with its affiliates) would beneficially own in excess of 4.99% of the number of Class A Ordinary Shares outstanding immediately after giving effect to the exercise, as such percentage ownership is determined in accordance with the terms of the Series B Warrants. However, any holder may increase such percentage to any other percentage not in excess of 9.99%, provided that any increase in such percentage shall not be effective until 61 days following notice from the holder to us.

 

 

*Exercise Price.* The exercise price per whole Class A Ordinary Share purchasable upon exercise of the Series B Warrants will be equal to [●]% of the price per Ordinary Unit sold in this offering.

*Zero Exercise Price.* A holder of Series B Warrants may, at any time and in its sole discretion, exercise its Series B Warrants in whole or in part by means of a "zero exercise price" option in which the holder is entitled to receive a number of Class A Ordinary Shares equal to the product of (a) the number of shares that would be issuable upon exercise of the Series B Warrant in accordance with the terms of such warrant if such exercise were by means of a cash exercise rather than a cashless exercise and (b) the quotient obtained by dividing (i) the exercise price minus the Low Price by (ii) [●]% of the Low Price. This "zero exercise price" option is only available at a time when the Low Price is lower than the then applicable Exercise Price. The exercise price is subject to appropriate adjustment in the event of certain stock dividends and distributions, stock splits, stock combinations, reclassifications or similar events affecting our Class A Ordinary Shares and also upon any distributions of assets, including cash, stock or other property to our shareholders.

 

*Transferability.* Subject to applicable laws, the Series B Warrants may be offered for sale, sold, transferred or assigned without our consent.

 

*Exchange Listing.* We do not intend to apply to list the Series B Warrants on any securities exchange or other nationally recognized trading system. Without an active trading market, the liquidity of the Series B Warrants will be limited.

 

*Fundamental Transactions.* In the event of a Fundamental Transaction (as defined in the Series B Warrant) and generally including any reorganization, recapitalization or reclassification of our Class A Ordinary Shares, the sale, transfer or other disposition of all or substantially all of our properties or assets, our consolidation or merger with or into another person, the acquisition of more than 50% of our outstanding Class A Ordinary Shares, or any person or group becoming the beneficial owner of 50% of the voting power represented by our outstanding Class A Ordinary Shares, the holders of the Series B Warrants will be entitled to receive upon exercise of the Series B Warrants the number of Class A Ordinary Shares of the successor or acquiring corporation or of the Company, if it is the surviving corporation, or depositary shares representing those shares, and any additional consideration receivable as a result of such Fundamental Transaction by holders of the number of Class A Ordinary Shares for which the Series B Warrants are exercisable immediately prior to such Fundamental Transaction without regard to any limitations on exercise contained in the Series B Warrants. The holders of the Series B Warrants may also require us or any successor entity to purchase the Series B Warrants from the holders by paying to the holder an amount in cash (or other types or form of consideration in special circumstances listed in the Series B Warrant) equal to the Black Scholes value (as defined in the Series B Warrant) of the remaining unexercised portion of the Series B Warrant on the date of the fundamental transaction.

 

*Rights as a Shareholder.* Except as otherwise provided in the Series B Warrants or by virtue of such holder's ownership of our Class A Ordinary Shares, the holder of a Series B Warrant does not have the rights or privileges of a holder of our Class A Ordinary Shares, including any voting rights, until the holder exercises the Series B Warrant.

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***Pre-Funded Warrants***

The following summary of certain terms and provisions of the Pre-Funded Warrants offered hereby is not complete and is subject to, and qualified in its entirety by, the provisions of the form of Pre-Funded Warrant. Prospective investors should carefully review the terms and provisions set forth in the form of Pre-Funded Warrant.

The term "pre-funded" refers to the fact that the purchase price of our Class A Ordinary Shares in this offering includes almost the entire exercise price that will be paid under the Pre-Funded Warrants, except for a nominal remaining exercise price of $0.001. The purpose of the Pre-Funded Warrants is to enable investors that may have restrictions on their ability to beneficially own more than 4.99% (or, upon election of the holder, 9.99%) of our outstanding Class A Ordinary Shares following the consummation of this offering the opportunity to make an investment in the Company without triggering their ownership restrictions, by receiving Pre-Funded Warrants in lieu of our Class A Ordinary Shares, and receive the ability to exercise their option to purchase the shares underlying the Pre-Funded Warrants at such nominal price at a later date.

 

*Exercise of Pre-Funded Warrants.* Each Pre-Funded Warrant is exercisable for one Class A Ordinary Share, with an exercise price equal to $0.00001 per Class A Ordinary Share, at any time up to the date that is one year after their original issuance. The holder of a Pre-Funded Warrant will not be deemed a holder of our underlying Class A Ordinary Shares until the Pre-Funded Warrant is exercised.

The exercise price and the number of Class A Ordinary Shares issuable upon exercise of the Pre-Funded Warrants is subject to appropriate adjustment in the event of recapitalization events, stock dividends, stock splits, stock combinations, reclassifications, reorganizations or similar events affecting our Class A Ordinary Shares. The Pre-Funded Warrant holders must pay the exercise price in cash upon exercise of the Pre-Funded Warrants, unless such Pre-Funded Warrant holders are utilizing the cashless exercise provision of the Pre-Funded Warrants.

The Pre-Funded Warrant holders must pay the exercise price in cash upon exercise of the Pre-Funded Warrants unless there is not an effective registration statement covering the issuance of the shares underlying the Pre-Funded Warrants (in which case, the Pre-Funded Warrants may only be exercised via a "cashless" exercise provision). Upon the holder's exercise of a Pre-Funded Warrant, we will issue the Class A Ordinary Shares issuable upon exercise of the Pre-Funded Warrant within one trading day following our receipt of a notice of exercise, provided that payment of the exercise price has been made (unless exercised to the extent permitted via the "cashless" exercise provision). Prior to the exercise of any Pre-Funded Warrants to purchase Class A Ordinary Shares, holders of the Pre-Funded Warrants will not have any of the rights of holders of Class A Ordinary Shares purchasable upon exercise, including the right to vote, except as set forth therein.

The Pre-Funded holder will not have the right to exercise any portion of the Pre-Funded Warrant if the holder (together with its affiliates) would beneficially own in excess of 4.99% of the number of Class A Ordinary Shares outstanding immediately after giving effect to the exercise, as such percentage ownership is determined in accordance with the terms of the Pre-Funded Warrants. However, any Pre-Funded Warrant holder may increase or decrease such percentage to any other percentage not in excess of 9.99%, provided that any increase in such percentage shall not be effective until 61 days following notice from the holder to us.

 

*Fundamental Transaction.* In the event of a fundamental transaction, as described in the Pre-Funded Warrants and generally including any reorganization, recapitalization or reclassification of our Class A Ordinary Shares, the sale, transfer or other disposition of all or substantially all of our properties or assets, our consolidation or merger with or into another person, the acquisition of more than 50% of our outstanding Class A Ordinary Shares, or any person or group becoming the beneficial owner of 50% of the voting power represented by our outstanding Class A Ordinary Shares, the holders of the Pre-Funded Warrants will be entitled to receive upon exercise of the Pre-Funded Warrants the kind and amount of securities, cash or other property that the holders would have received had they exercised the Pre-Funded Warrants immediately prior to such fundamental transaction without regard to any limitations on exercised contained in the Pre-Funded Warrants.

 

*Exchange Listing.* We do not intend to apply to list the Pre-Funded Warrants on any securities exchange or other trading system.

**MATERIAL INCOME TAX CONSIDERATIONS**

**BVI Taxation**

The following is a discussion on BVI income tax consequences of an investment in the Class A Ordinary Shares. The discussion is a general summary of present law, which is subject to prospective and retroactive change. It is not intended as tax advice, does not consider any investor's particular circumstances, and does not consider tax consequences other than those arising under BVI laws.

We are not liable to pay any form of taxation in the BVI and all dividends, interests, rents, royalties, compensations and other amounts paid by us to persons who are not persons resident in the BVI are exempt from all forms of taxation in the BVI and any capital gains realized with respect to any shares, debt obligations, or other securities of ours by persons who are not persons resident in the BVI are exempt from all forms of taxation in the BVI.

No estate, inheritance, succession or gift tax, rate, duty, levy or other charge is payable by persons who are not persons resident in the BVI with respect to any shares, debt obligation or other securities of ours.

Subject to the payment of stamp duty on the acquisition of property in the BVI by us (and in respect of certain transactions in respect of the shares, debt obligations or other securities of BVI incorporated companies owning land in the BVI), all instruments relating to transfers of property to or by us and all instruments relating to transactions in respect of the shares, debt obligations or other securities of ours and all instruments relating to other transactions relating to our business are exempt from payment of stamp duty in the BVI.

There are currently no withholding taxes or exchange control regulations in the BVI applicable to us or our shareholders.

**Malaysia Taxation**

The following discussion is a summary of the more relevant taxes that are applicable to our Malaysian subsidiary with regards to transactions that it may enter into with a foreign holding company. It excludes specifically all Malaysian taxes that our Malaysian subsidiary is subject to arising from its business activities in Malaysia such as income tax, various types of taxes imposable on transactions entered into in the course of conducting its business activities and taxes on capital gains. The discussion is a general summary of present law, which is subject to prospective and retroactive change. It is not intended as tax advice, does not consider any investor's particular circumstances, and does not consider tax consequences other than those arising under Malaysian laws.

Effective January 1, 2024, the Government of Malaysia through the Finance (No. 2) Act 2023, as gazetted on 29 December 2023, introduced a capital gains tax under which gains or profits from the disposal of capital assets are treated as income chargeable to income tax under the ITA 1967. "Capital asset" means any moveable or immovable property, including any rights or interests attached.

On December 29, 2023, the Income Tax (Exemption) (No. 7) Order 2023 was gazetted, which provides that a company, limited liability partnership, trust body or co-operative society is given an income tax exemption in respect of any gains or profits from the disposal of unlisted shares in Malaysian companies during the period commencing from January 1, 2024 to February 29, 2024. As such, capital gains tax will only be payable on disposals of unlisted shares in Malaysian companies from March 1, 2024.

The capital gains tax rate on the chargeable income of a company, limited liability partnership, trust body or co-operative society from the disposal of capital assets situated in Malaysia that were acquired before January 1, 2024 will be (i) 10% on the chargeable income from the disposal of the capital asset; or (ii) 2% on the gross disposal price of the capital asset. In respect of disposal of capital assets situated in Malaysia that were acquired on or after January 1, 2024, the capital gains tax rate will be 10% on the chargeable income from the disposal of the capital asset.

Real property gains tax ("RPGT") which is governed by the Real Property Gains Tax Act 1976, is a tax on gains arising from the disposal of real property or shares in real property company ("RPC"). Neither subject affects our Malaysian subsidiary as it is not engaged in activities in disposing its real property or shares in real property company.

The type of transactions that Malaysian subsidiary typically enter into with their foreign holding company (that is not attributable to a business carried on in Malaysia by the foreign holding company) are royalties, interest or service fees. With respect to such income, the tax liability of the foreign holding company, it being a non-resident will be settled by way of withholding tax ("WHT") deducted by the paying entity, i.e. the Malaysian subsidiary. The following are WHT rates that apply as per the limited agreement that exists between the United States of America and Malaysia: (Royalties: 10%, Interest: 15%, Dividends: 0%, Technical Fees: 10%).

Payments of the above types of income to non-residents (except for dividends) are subject to WHT which is due and payable to the Inland Revenue Board of Malaysia within one month after paying or crediting such payments. There is no WHT on dividends paid by Malaysian company.

**Material U.S. Federal Income Tax Considerations for U.S. Holders**

The following discussion describes the material U.S. federal income tax consequences relating to the ownership and disposition of our Class A Ordinary Shares by U.S. Holders (as defined below). This discussion applies to U.S. Holders that purchase our Class A Ordinary Shares pursuant to this offering and hold such Class A Ordinary Shares as capital assets. This discussion is based on the U.S. Internal Revenue Code of 1986, as amended, U.S. Treasury regulations promulgated thereunder, and administrative and judicial interpretations thereof, all as in effect on the date hereof and all of which are subject to change, possibly with retroactive effect. This discussion does not address all of the U.S. federal income tax consequences that may be relevant to specific U.S. Holders in light of their particular circumstances or to U.S. Holders subject to special treatment under U.S. federal income tax law (such as certain financial institutions; insurance companies; dealers or traders in securities or other persons that generally mark their securities to market for U.S. federal income tax purposes; tax-exempt entities or governmental organizations; retirement plans; regulated investment companies; real estate investment trusts; grantor trusts; brokers, dealers, or traders in securities, commodities, currencies, or notional principal contracts; certain former citizens or long-term residents of the United States; persons who hold our Class A Ordinary Shares as part of a "straddle," "hedge," "conversion transaction," "synthetic security," or integrated investment; persons that have a "functional currency" other than the U.S. dollar; persons that own directly, indirectly, or through attribution 10% or more of the voting power of our Class A Ordinary Shares; corporations that accumulate earnings to avoid U.S. federal income tax; partnerships and other pass-through entities; and investors in such pass-through entities). This discussion does not address any U.S. state or local or non-U.S. tax consequences or any U.S. federal estate, gift, or alternative minimum tax consequences.

As used in this discussion, the term "U.S. Holder" means a beneficial owner of our Class A Ordinary Shares who is, for U.S. federal income tax purposes, (i) an individual who is a citizen or resident of the United States; (ii) a corporation (or entity treated as a corporation for U.S. federal income tax purposes) created or organized in or under the laws of the United States, any state thereof, or the District of Columbia; (iii) an estate, the income of which is subject to U.S. federal income tax regardless of its source; or (iv) a trust (x) with respect to which a court within the United States is able to exercise primary supervision over its administration and one or more U.S. persons has the authority to control all of its substantial decisions, or (y) that has elected under applicable U.S. Treasury regulations to be treated as a domestic trust for U.S. federal income tax purposes.

If an entity treated as a partnership for U.S. federal income tax purposes holds our Class A Ordinary Shares, the U.S. federal income tax consequences relating to an investment in such Class A Ordinary Shares will depend in part upon the status and activities of such entity and the particular partner. Any such entity should consult its own tax advisor regarding the U.S. federal income tax consequences applicable to it and its partners of the purchase, ownership, and disposition of our Class A Ordinary Shares.

Persons considering an investment in our Class A Ordinary Shares should consult their own tax advisors as to the particular tax consequences applicable to them relating to the purchase, ownership, and disposition of our Class A Ordinary Shares, including the applicability of U.S. federal, state, and local tax laws and non-U.S. tax laws.

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***Passive Foreign Investment Company ("PFIC") Consequences***

In general, a corporation organized outside the United States will be treated as a PFIC for any taxable year in which either (i) at least 75% of its gross income is "passive income" ("PFIC income test"), or (ii) on average at least 50% of its assets, determined on a quarterly basis, are assets that produce passive income or are held for the production of passive income ("PFIC asset test"). Passive income for this purpose generally includes, among other things, dividends, interest, royalties, rents, and gains from the sale or exchange of property that gives rise to passive income. Assets that produce or are held for the production of passive income generally include cash (even if held as working capital or raised in a public offering), marketable securities, and other assets that may produce passive income. Generally, in determining whether a non-U.S. corporation is a PFIC, a proportionate share of the income and assets of each corporation in which it owns, directly or indirectly, at least a 25% interest (by value) is taken into account.

Although PFIC status is determined on an annual basis and generally cannot be determined until the end of a taxable year, based on the nature of our current and expected income and the current and expected value and composition of our assets, we do not presently expect to be a PFIC for our current taxable year or the foreseeable future. However, there can be no assurance given in this regard because the determination of whether we are or will become a PFIC is a fact-intensive inquiry made on an annual basis that depends, in part, upon the composition of our income and assets. In addition, there can be no assurance that the IRS will agree with our conclusion or that the IRS would not successfully challenge our position.

If we are a PFIC in any taxable year during which a U.S. Holder owns our Class A Ordinary Shares, the U.S. Holder could be liable for additional taxes and interest charges under the "PFIC excess distribution regime" upon (i) a distribution paid during a taxable year that is greater than 125% of the average annual distributions paid in the three preceding taxable years, or, if shorter, the U.S. Holder's holding period for our Class A Ordinary Shares; and (ii) any gain recognized on a sale, exchange, or other disposition, including a pledge, of our Class A Ordinary Shares, whether or not we continue to be a PFIC. Under the PFIC excess distribution regime, the tax on such distribution or gain would be determined by allocating the distribution or gain ratably over the U.S. Holder's holding period for our Class A Ordinary Shares. The amount allocated to the current taxable year (i.e., the year in which the distribution occurs or the gain is recognized) and any year prior to the first taxable year in which we are a PFIC will be taxed as ordinary income earned in the current taxable year. The amount allocated to other taxable years will be taxed at the highest marginal rates in effect for individuals or corporations, as applicable, to ordinary income for each such taxable year, and an interest charge, generally applicable to underpayments of tax, will be added to the tax.

If we are a PFIC for any year during which a U.S. Holder holds our Class A Ordinary Shares, we must generally continue to be treated as a PFIC by that holder for all succeeding years during which the U.S. Holder holds such Class A Ordinary Shares, unless we cease to meet the requirements for PFIC status and the U.S. Holder makes a "deemed sale" election with respect to our Class A Ordinary Shares. If the election is made, the U.S. Holder will be deemed to sell our Class A Ordinary Shares it holds at their fair market value on the last day of the last taxable year in which we qualified as a PFIC, and any gain recognized from such deemed sale would be taxed under the PFIC excess distribution regime. After the deemed sale election, the U.S. Holder's Class A Ordinary Shares would not be treated as shares of a PFIC unless we subsequently become a PFIC.

If we are a PFIC for any taxable year during which a U.S. Holder holds our Class A Ordinary Shares and one of our non-U.S. subsidiaries is also a PFIC (i.e., a lower-tier PFIC), such U.S. Holder would be treated as owning a proportionate amount (by value) of the shares of the lower-tier PFIC and would be taxed under the PFIC excess distribution regime on distributions by the lower-tier PFIC and on gain from the disposition of shares of the lower-tier PFIC even though such U.S. Holder would not receive the proceeds of those distributions or dispositions. Any of our non-U.S. subsidiaries that have elected to be disregarded as entities separate from us or as partnerships for U.S. federal income tax purposes would not be corporations under U.S. federal income tax law and, accordingly, cannot be classified as lower-tier PFICs. However, non-U.S. subsidiaries that have not made the election may be classified as a lower-tier PFIC if we are a PFIC during your holding period and the subsidiary meets the PFIC income test or PFIC asset test. Each U.S. Holder is advised to consult its tax advisors regarding the application of the PFIC rules to any of our non-U.S. subsidiaries.

If we are a PFIC, a U.S. Holder will not be subject to tax under the PFIC excess distribution regime on distributions or gains recognized on our Class A Ordinary Shares if a valid "mark-to-market" election is made by the U.S. Holder for our Class A Ordinary Shares. An electing U.S. Holder generally would take into account, as ordinary income each year, the excess of the fair market value of our Class A Ordinary Shares held at the end of such taxable year over the adjusted tax basis of such Class A Ordinary Shares. The U.S. Holder would also take into account, as an ordinary loss each year, the excess of the adjusted tax basis of such Class A Ordinary Shares over their fair market value at the end of the taxable year, but only to the extent of the excess of amounts previously included in income over ordinary losses deducted as a result of the mark-to-market election. The U.S. Holder's tax basis in our Class A Ordinary Shares would be adjusted to reflect any income or loss recognized as a result of the mark-to-market election. Any gain from a sale, exchange, or other disposition of our Class A Ordinary Shares in any taxable year in which we are a PFIC would be treated as ordinary income, and any loss from such sale, exchange, or other disposition would be treated first as ordinary loss (to the extent of any net mark-to-market gains previously included in income) and thereafter as capital loss. If, after having been a PFIC for a taxable year, we cease to be classified as a PFIC because we no longer meet the PFIC income test or PFIC asset test, the U.S. Holder would not be required to take into account any latent gain or loss in the manner described above, and any gain or loss recognized on the sale or exchange of the Class A Ordinary Shares would be classified as a capital gain or loss.

A mark-to-market election is available to a U.S. Holder only for "marketable stock." Generally, stock will be considered marketable stock if it is "regularly traded" on a "qualified exchange" within the meaning of applicable U.S. Treasury regulations. A class of stock is regularly traded during any calendar year during which such class of stock is traded, other than in *de minimis* quantities, on at least 15 days during each calendar quarter.

Our Class A Ordinary Shares will be marketable stock as long as they remain listed on Nasdaq and are regularly traded. A mark-to-market election will not apply to the Class A Ordinary Shares for any taxable year during which we are not a PFIC, but it will remain in effect with respect to any subsequent taxable year in which we become a PFIC. Such election will not apply to any of our non-U.S. subsidiaries. Accordingly, a U.S. Holder may continue to be subject to tax under the PFIC excess distribution regime with respect to any lower-tier PFICs notwithstanding the U.S. Holder's mark-to-market election for the Class A Ordinary Shares.

The Company is exempt from all provisions of the Income Tax Act (as amended) of the BVI (including with respect to all dividends, interests, rents, royalties, compensation and other amounts payable by the company to persons who are not persons resident in the BVI). Capital gains realised with respect to any shares, debt obligations or other securities of the Company by persons who are not persons resident in the BVI are also exempt from all provisions of the Income Tax Act (as amended) of the BVI. The Payroll Taxes Act, 2004 does not apply to us except to the extent that we have employees (and deemed employees) rendering services to us wholly or mainly in the British Virgin Islands. No estate, inheritance, succession or gift tax, rate, duty, levy or other charge is payable by persons who are not persons resident in the BVI with respect to any shares, debt obligations or other securities of the Company. No stamp duty is payable in the BVI on a transfer of shares, debt obligations or other securities in a BVI business company which is not a land owning company. A company is a land owning company if it, or any of its subsidiaries, has an interest in any land in the BVI.

The tax consequences that would apply if we are a PFIC would also be different from those described above if a U.S. Holder were able to make a valid qualified electing fund ("QEF") election. As we do not expect to provide U.S. Holders with the information necessary for a U.S. Holder to make a QEF election, prospective investors should assume that a QEF election will not be available.

The U.S. federal income tax rules relating to PFICs are very complex. Prospective U.S. investors are strongly urged to consult their own tax advisors with respect to the impact of PFIC status on the purchase, ownership, and disposition of our Class A Ordinary Shares, the consequences to them of an investment in a PFIC, any elections available with respect to the Class A Ordinary Shares, and the IRS information reporting obligations with respect to the purchase, ownership, and disposition of Class A Ordinary Shares of a PFIC.

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***Distributions***

Subject to the discussion above under "PFIC Consequences," a U.S. Holder that receives a distribution with respect to our Class A Ordinary Shares generally will be required to include the gross amount of such distribution in gross income as a dividend when actually or constructively received to the extent of the U.S. Holder's pro rata share of our current and/or accumulated earnings and profits (as determined under U.S. federal income tax principles). To the extent a distribution received by a U.S. Holder is not a dividend because it exceeds the U.S. Holder's pro rata share of our current and accumulated earnings and profits, it will be treated first as a tax-free return of capital and reduce (but not below zero) the adjusted tax basis of the U.S. Holder's Class A Ordinary Shares. To the extent the distribution exceeds the adjusted tax basis of the U.S. Holder's Class A Ordinary Shares, the remainder will be taxed as capital gain. Because we may not account for our earnings and profits in accordance with U.S. federal income tax principles, U.S. Holders should expect all distributions to be reported to them as dividends.

Distributions on our Class A Ordinary Shares that are treated as dividends generally will constitute income from sources outside the United States for foreign tax credit purposes and generally will constitute passive category income. Such dividends will not be eligible for the "dividends received" deduction generally allowed to corporate shareholders with respect to dividends received from U.S. corporations. Dividends paid by a "qualified foreign corporation" to certain non-corporate U.S. Holders may be eligible for taxation at a reduced capital gains rate rather than the marginal tax rates generally applicable to ordinary income, provided that a holding period requirement (more than 60 days of ownership, without protection from the risk of loss, during the 121-day period beginning 60 days before the ex-dividend date) and certain other requirements are met. Each U.S. Holder is advised to consult its tax advisors regarding the availability of the reduced tax rate on dividends to its particular circumstances. However, if we are a PFIC for the taxable year in which the dividend is paid or the preceding taxable year (see discussion above under "PFIC Consequences"), we will not be treated as a qualified foreign corporation, and therefore, the reduced capital gains tax rate described above will not apply.

Dividends will be included in a U.S. Holder's income on the date of the depositary's receipt of the dividend.

A non-U.S. corporation (other than a corporation that is classified as a PFIC for the taxable year in which the dividend is paid or the preceding taxable year) generally will be considered to be a qualified foreign corporation with respect to any dividend it pays on Class A Ordinary Shares that are readily tradable on an established securities market in the United States.

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***Sale, Exchange or Other Disposition of Our Class A Ordinary Shares***

Subject to the discussion above under "PFIC Consequences," a U.S. Holder generally will recognize capital gain or loss for U.S. federal income tax purposes upon the sale, exchange, or other disposition of our Class A Ordinary Shares in an amount equal to the difference, if any, between the amount realized (i.e., the amount of cash plus the fair market value of any property received) on the sale, exchange, or other disposition and such U.S. Holder's adjusted tax basis in the Class A Ordinary Shares. Such capital gain or loss generally will be long-term capital gain taxable at a reduced rate for non-corporate U.S. Holders or long-term capital loss if, on the date of sale, exchange, or other disposition, the Class A Ordinary Shares were held by the U.S. Holder for more than one year. Any capital gain of a non-corporate U.S. Holder that is not long-term capital gain is taxed at ordinary income rates. The deductibility of capital losses is subject to limitations. Any gain or loss recognized from the sale or other disposition of our Class A Ordinary Shares will generally be gain or loss from sources within the United States for U.S. foreign tax credit purposes.

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***Medicare Tax***

Certain U.S. Holders that are individuals, estates, or trusts and whose income exceeds certain thresholds generally are subject to a 3.8% tax on all or a portion of their net investment income, which may include their gross dividend income and net gains from the disposition of our Class A Ordinary Shares. If you are a U.S. person that is an individual, estate, or trust, you are encouraged to consult your tax advisor regarding the applicability of this Medicare tax to your income and gains with respect to your investment in our Class A Ordinary Shares.

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***Information Reporting and Backup Withholding***

U.S. Holders may be required to file certain U.S. information reporting returns with the IRS with respect to an investment in our Class A Ordinary Shares, including, among others, IRS Form 8938 (Statement of Specified Foreign Financial Assets). As described above under "PFIC Consequences," each U.S. Holder who is a shareholder of a PFIC must file an annual report containing certain information. U.S. Holders paying more than US$100,000 for our Class A Ordinary Shares may be required to file IRS Form 926 (Return by a U.S. Transferor of Property to a Foreign Corporation) reporting this payment. Substantial penalties may be imposed upon a U.S. Holder that fails to comply with the required information reporting.

Dividends on and proceeds from the sale or other disposition of our Class A Ordinary Shares may be reported to the IRS unless the U.S. Holder establishes a basis for exemption. Backup withholding may apply to amounts subject to reporting if the holder (i) fails to provide an accurate U.S. taxpayer identification number or otherwise establish a basis for exemption, or (ii) is described in certain other categories of persons. However, U.S. Holders that are corporations generally are excluded from these information reporting and backup withholding tax rules.

Backup withholding is not an additional tax. Any amounts withheld under the backup withholding rules generally will be allowed as a refund or a credit against a U.S. Holder's U.S. federal income tax liability if the required information is furnished by the U.S. Holder on a timely basis to the IRS.

U.S. Holders should consult their own tax advisors regarding the backup withholding tax and information reporting rules.

**EACH PROSPECTIVE INVESTOR IS URGED TO CONSULT ITS OWN TAX ADVISOR ABOUT THE TAX CONSEQUENCES TO IT OF AN INVESTMENT IN OUR CLASS A ORDINARY SHARES IN LIGHT OF THE INVESTOR'S OWN CIRCUMSTANCES.**

Prospective investors should consult their professional advisers on the possible tax consequences of buying, holding, or selling any Class A Ordinary Shares under the laws of their country of citizenship, residence, or domicile.

**PLAN OF DISTRIBUTION**

Pursuant to a placement agency agreement, dated , 2026 (the "**Placement Agency Agreement**"), we have engaged the Placement Agent to act as our placement agent in connection with this offering. The Placement Agent is not purchasing or selling any such securities, nor is it required to arrange for the purchase and sale of any specific number or dollar amount of such securities, other than to use their "reasonable best efforts," to arrange for the sale of such securities by us. The terms of this offering are subject to market conditions and negotiations between us, the Placement Agent, and prospective investors. The placement agency agreement does not give rise to any commitment by the Placement Agent to purchase any of our securities, and the Placement Agent will have no authority to bind us by virtue of the placement agency agreement. Further, the Placement Agent does not guarantee that it will be able to raise new capital in any prospective offering.

We will enter into a securities purchase agreement (the "**Securities Purchase Agreement**") directly with certain investors, at the investor's option, who purchase our securities in this offering. Investors who do not enter into a securities purchase agreement shall rely solely on this prospectus and the documents incorporated by reference herein in connection with the purchase of our securities in this offering. In addition to rights and remedies available to all purchasers in this offering under federal securities and state law, the investors which enter into a securities purchase agreement will also be able to bring claims of breach of contract against us. The ability to pursue a claim for breach of contract is material to larger purchasers in this offering as a means to enforce the following covenants uniquely available to them under the securities purchase agreement: (i) a covenant to not enter into variable rate financings for a period of [●] days following the closing of the offering, subject to certain exceptions; and (ii) a covenant to not enter into any equity financings for [●] days from closing of the offering, subject to certain exceptions. The Placement Agent may engage sub-agents or selected dealers to assist with this offering.

We will deliver to the investors the Class A Ordinary Shares included in the Units electronically and will mail such investors physical warrant certificates for the Pre-Funded Warrants, Series A Warrants and Series B Warrants included in the Units, upon closing and receipt of investor funds for the purchase of the Units offered pursuant to this prospectus. We may undertake one or more closings for the sale of the Units to the investors. We expect to hold an initial closing on , 2026, but this offering will be terminated by , provided that the closing(s) of this offering for all of the Units have not occurred by such date. Any extensions or material changes to the terms of this offering will be contained in an amendment to this prospectus. We expect initial delivery of the Class A Ordinary Shares, Pre-Funded Warrants, Series A Warrants and Series B Warrants comprising the Units being offered pursuant to this prospectus against payment in U.S. dollars will be made on or about , 2026.

The form of the placement agency agreement is filed as Exhibit 10.1 to the registration statement of which this prospectus is part. A form of the securities purchase agreement is filed as Exhibit 10.2 to the registration statement of which this prospectus is part.

**Fees and Expenses**

The following table shows the total Placement Agent's fees we will pay in connection with the sale of the Units in this offering, assuming the purchase of all of the Units we are offering.

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| | | | |
|:---|:---|:---|:---|
|  | **Per<br> Ordinary<br> Unit** | **Per<br> Pre-Funded<br> Unit** | **Total** |
| Public offering price | $| $| $|
| Placement Agent's fees<sup>(1)</sup> | $| $| $|
| Proceeds, before expenses, to us<sup>(2)</sup> | $| $| $|

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) We have agreed to pay the Placement Agent a cash fee equal to seven
percent (7%) of the gross proceeds of this offering, and to reimburse the Placement Agent for certain expenses incurred relating to this
offering in the amount of $150,000.

&nbsp;&nbsp;&nbsp;&nbsp;(2) The amount of offering proceeds to us presented in this table does
 not give effect to exercise of any Warrants.

We estimate the total expenses payable by us for this offering to be approximately $, which amount includes (i) the Placement Agent's accountable expense allowance in the amount of $ in connection with this offering; (ii) the Placement Agent's accountable expenses in the amount of up to $ in connection with this offering; and (iii) other estimated expenses of approximately $, which include legal, accounting, printing costs and various fees associated with the registration of the Units and listing of our Class A Ordinary Shares.

**Tail Financing**

The Company and the Placement Agent agreed, unless the engagement between the Company and the Placement Agent has been terminated by the Company for cause, for a period of twelve (12) months from the closing of this offering, and subject to the occurrence of such closing, if the Company completes any financing of equity, equity-linked or debt or other capital raising activity of the Company (other than the exercise by any person or entity of any options, warrants or other convertible securities) with any of the investors who were first introduced to the Company by the Placement Agent during the period from [●], 2026 through the closing of this offering, then the Company will pay the Placement Agent upon the closing of such financing an aggregate cash fee equal to seven percent (7.0%) of the aggregate gross proceeds of such financing.

**Indemnification**

We have agreed to indemnify the Placement Agent against certain liabilities, including liabilities under the Securities Act and liabilities arising from breaches of representations and warranties contained in the Placement Agency Agreement, or to contribute to payments that the Placement Agent may be required to make in respect of those liabilities.

**Listing**

Our Class A Ordinary Shares are listed on Nasdaq under the symbol "LNKS". There is no established trading market for the Warrants and we do not expect a market to develop. In addition, we do not intend to list the Warrants on Nasdaq or any other national securities exchange or any other nationally recognized trading system.

**Electronic Offer, Sale and Distribution**

A prospectus in electronic format may be made available on websites or through other online services maintained by the Placement Agent, if any, or by their affiliates, and the Placement Agent may distribute prospectus electronically. Other than the prospectus in electronic format, the information on, or that can be accessed through, these websites and any information contained in any other website maintained by these entities is not part of, and is not incorporated by reference into, this prospectus or the registration statement of which this prospectus forms a part, has not been approved and/or endorsed by us or the Placement Agent, and should not be relied upon by investors.

In connection with this offering, the Placement Agent may distribute prospectuses by electronic means, such as e-mail.

**Pricing of this offering**

The public offering price for our securities will be determined through negotiations between us, the Placement Agent and the investors in this offering. Among the factors to be considered in these negotiations will be prevailing market conditions, our financial information, market valuations of other companies that we, the Placement Agent and the investors in this offering believe to be comparable to us, estimate of our business potential and earning prospects, the present state of our development and other factors deemed relevant. The public offering price of the Ordinary Units (or Pre-Funded Units in lieu thereof) in this offering does not necessarily bear any direct relationship to the assets, operations, book or other established criteria of value of the Company.

**Regulation M**

The Placement Agent may be deemed to be an underwriter within the meaning of Section 2(a)(11) of the Securities Act and any fees received by it and any profit realized on the sale of the securities by it while acting as principal might be deemed to be underwriting commissions under the Securities Act. The Placement Agent will be required to comply with the requirements of the Securities Act and the Exchange Act including, without limitation, Rule 10b-5 and Regulation M under the Exchange Act. These rules and regulations may limit the timing of purchases and sales of the Ordinary Units by the Placement Agent. Under these rules and regulations, the Placement Agent may not (i) engage in any stabilization activity in connection with our securities; and (ii) bid for or purchase any of our securities or attempt to induce any person to purchase any of our securities, other than as permitted under the Exchange Act, until they have completed their participation in the distribution.

**Other Relationships**

From time to time, the Placement Agent may provide, various advisory, investment and commercial banking and other services to us in the ordinary course of business, for which it may receive customary fees and commissions.

Except as disclosed in this prospectus, we have no present arrangements with the Placement Agent for any services.

**EXPENSES OF THE OFFERING**

Set forth below is an itemization of the total anticipated expenses, excluding underwriter discounts and commissions, expected to be incurred in connection with the offer and sale of the Ordinary Units by us. With the exception of the SEC registration fee and the FINRA filing fee, all amounts are estimates, in United States dollars:

---

| | |
|:---|:---|
| SEC registration fee\* | $|
| FINRA filing fee\* | $|
| Printing and engraving expenses\* | $|
| Legal fees and expenses\* | $|
| Accounting fees and expenses\* | $|
| Miscellaneous expenses\* | $|
| Total\* | $|

---

\* To be filed by amendment

**LEGAL MATTERS**

The validity of our Class A Ordinary Shares and certain other matters of the laws of the British Virgin Islands will be passed upon for us by Conyers Dill & Pearman. We are being represented by Sullivan & Worcester LLP with respect to certain legal matters of U.S. federal securities. Univest Securities, LLC, the Placement Agent, is being represented by Sichenzia Ross Ference Carmel LLP in connection with this offering.

**EXPERTS**

The consolidated financial statements as of and for the years ended June 30, 2023, 2024 and 2025 incorporated in this prospectus by reference to the Annual Reports on Form 20-F for the years ended June 30, 2024 and 2025 have been so included in reliance on the report of WWC, P.C., an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting. The registered business address of WWC, P.C. is 2010 Pioneer Court, San Mateo, CA 94403, U.S.

**ENFORCEABILITY OF CIVIL LIABILITIES**

We are incorporated under the laws of the BVI with limited liability. We are incorporated in the BVI because of certain benefits associated with being a BVI business company, such as political and economic stability, an effective judicial system, a favorable tax system, the absence of foreign exchange control or currency restrictions and the availability of professional and support services. However, the BVI has a less developed body of securities laws as compared to the United States and provides less protection for investors. In addition, BVI companies may not have standing to sue before the federal courts of the United States.

Substantially all of our assets are located outside the United States. In addition, all of our directors and executive officers are nationals or residents in Malaysia or Hong Kong and substantially all of their assets are located outside the United States. As a result, it may be difficult for you to effect service of process within the United States upon us or these persons, or to enforce judgments obtained in U.S. courts against us or them, including judgments predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States. It may also be difficult for you to enforce judgments obtained in U.S. courts based on the civil liability provisions of the U.S. federal securities laws against us and our executive officers and directors.

We have appointed Cogency Global Inc., as our agent to receive service of process with respect to any action brought against us in the United States in connection with this offering under the federal securities laws of the United States or of any State in the United States.

*Enforceability*

<u>BVI</u>

Conyers Dill & Pearman, our counsel as to the laws of the BVI, has advised us that there is uncertainty as to whether the courts of the BVI would (i) recognize or enforce judgments of United States courts obtained against us or our directors or officers to impose liabilities predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States; or (ii) entertain original actions brought in the BVI against us or our directors or officers predicated upon the federal securities laws of the United States or the securities law of any state in the United States.

We have been advised by Conyers Dill & Pearman that although there is no statutory enforcement in the BVI of judgments obtained in the federal or state courts of the United States (and the BVI is not a party to any treaties for the reciprocal enforcement or recognition of such judgments), the courts of the BVI would recognize as a valid judgment, a final and conclusive judgment in personam obtained in the federal or state courts in the United States under which a sum of money is payable (other than a sum of money payable in respect of multiple damages, taxes or other charges of a like nature or in respect of a fine or other penalty) and would give a judgment based thereon provided that (a) such courts had proper jurisdiction over the parties subject to such judgment, (b) such courts did not contravene the rules of natural justice of the BVI, (c) such judgment was not obtained by fraud, (d) the enforcement of the judgment would not be contrary to the public policy of the BVI, (e) no new admissible evidence relevant to the action is submitted prior to the rendering of the judgment by the courts of the BVI and (f) there is due compliance with the correct procedures under the laws of the BVI. However, the BVI courts are unlikely to enforce a punitive judgment of a United States court predicated upon the civil liability provisions of the federal securities laws in the United States without retrial on the merits if such judgment is determined by the courts of the BVI to give rise to obligations to make payments that may be regarded as fines, penalties or punitive in nature.

<u>Malaysia</u>

Enforcement of a foreign judgment in Malaysia could be effected through either statutory enforcement or the common law rule of enforcement. Under the Reciprocal Enforcement of Judgments Act 1958 of Malaysia, or REJA, judgments given by superior courts of reciprocating countries, as listed in the First Schedule to the REJA are recognized and may be enforced directly or summarily by way of registration of the judgment provided that such judgments satisfy the requirements as specified under the REJA. Foreign judgments obtained in countries other than the countries listed in the First Schedule to the REJA, have to be enforced through the common law rule. Although the United States is not a reciprocating country listed in the First Schedule to the REJA, a judgment pronounced in the United States may still be enforced in Malaysia pursuant to Malaysian common law principles provided that such foreign judgments must fulfil certain conditions which includes the following:

&nbsp;&nbsp;&nbsp;&nbsp;(a) the judgment is for a definite sum, and which is final
 and conclusive;

(b) the original court granting the judgment had jurisdiction in the action;

(c) the judgment was not obtained by fraud;

(d) the proceedings in which the judgment was obtained were not contrary
 to natural justice; and

(e) the enforcement of the judgment would not be contrary to public policy
 in Malaysia.

<u>Hong Kong</u>

There is uncertainty as to whether the courts of Hong Kong would (i) recognize or enforce judgments of United States courts obtained against us or our directors or officers predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States or (ii) entertain original actions brought in Hong Kong against us or our directors or officers predicated upon the securities laws of the United States or any state in the United States.

Hong Kong has no arrangement for the reciprocal enforcement of judgments with the United States. As a result, there is uncertainty as to the enforceability in Hong Kong, in original actions or in actions for enforcement, of judgments of United States courts of civil liabilities predicated solely upon the federal securities laws of the United States or the securities laws of any State or territory within the United States.

A judgment of a court in the United States predicated upon U.S. federal or state securities laws may be enforced in Hong Kong at common law by bringing an action in a Hong Kong court on that judgment for the amount due thereunder, and then seeking summary judgment on the strength of the foreign judgment, provided that the foreign judgment, among other things, is (1) for a debt or a definite sum of money (not being taxes or similar charges to a foreign government taxing authority or a fine or other penalty) and (2) final and conclusive on the merits of the claim, but not otherwise. Such a judgment may not, in any event, be so enforced in Hong Kong if (a) it was obtained by fraud; (b) the proceedings in which the judgment was obtained were opposed to natural justice; (c) its enforcement or recognition would be contrary to the public policy of Hong Kong; (d) the court of the United States was not jurisdictionally competent; or (e) the judgment was in conflict with a prior Hong Kong judgment.

**WHERE YOU CAN FIND ADDITIONAL INFORMATION**

We have filed with the SEC a registration statement (including amendments and exhibits to the registration statement) on Form F-1 under the Securities Act. This prospectus, which forms a part of the registration statement, does not contain all of the information included in the registration statement and the exhibits and schedules to the registration statement. Certain information is omitted, and you should refer to the registration statement and its exhibits and schedules for that information. If a document has been filed as an exhibit to the registration statement, we refer you to the copy of the document that has been filed. Each statement in this prospectus relating to a document filed as an exhibit is qualified in all respects by the filed exhibit.

We are subject to the information reporting requirements of the Exchange Act applicable to foreign private issuers. Accordingly, we will be required to file reports and other information with the SEC, including annual reports on Form 20-F and reports on Form 6-K. Those reports may be inspected without charge at the locations described above. As a foreign private issuer, we are exempt from the rules under the Exchange Act related to the furnishing and content of proxy statements, and our officers, directors, and principal shareholders are exempt from the reporting and short-swing profit recovery provisions contained in Section 16 of the Exchange Act. Effective March 18, 2026, our executive officers and directors will be required, pursuant to the Holding Foreign Insiders Accountable Act, to file Section 16(a) reports with the SEC to disclose their beneficial ownership of our securities. Our principal shareholders who are not officers or directors, however, will remain exempt from Section 16(a) reporting requirements. In addition, we are not required under the Exchange Act to file periodic reports and financial statements with the SEC as frequently or as promptly as U.S. companies whose securities are registered under the Exchange Act.

The registration statements, reports and other information so filed can be obtained electronically by means of the SEC's website at *http://www.sec.gov*. The information on that website is not a part of this prospectus.

No dealers, salesperson or other person is authorized to give any information or to represent anything not contained in this prospectus. You must not rely on any unauthorized information or representations. This prospectus is an offer to sell only the securities offered hereby, but only under circumstances and in jurisdictions where it is lawful to do so. The information contained in this prospectus is current only as of its date.

**INCORPORATION OF CERTAIN INFORMATION BY REFERENCE**

We are allowed to incorporate by reference the information we file with the SEC, which means that we can disclose important information to you by referring to those documents. The information incorporated by reference is considered to be part of this prospectus. We incorporate by reference in this prospectus the documents listed below:

● Our Annual Report on [Form 20-F](http://www.sec.gov/Archives/edgar/data/1972074/000121390025097949/ea0257854-20f_linkers.htm) for the year ended June 30, 2025 filed with the SEC on October 10, 2025;

● Our Reports of Foreign Private Issuer on Form 6-K furnished to the SEC on [August 18, 2025](http://www.sec.gov/Archives/edgar/data/1972074/000121390025077732/ea0253009-6k_linkers.htm) , [September 12, 2025,](https://www.sec.gov/Archives/edgar/data/1972074/000121390025087066/ea0256804-6k_linkers.htm) [October 17, 2025](https://www.sec.gov/Archives/edgar/data/1972074/000121390025099733/ea0261602-6k_linkers.htm) and [October 31, 2025](https://www.sec.gov/Archives/edgar/data/1972074/000121390025104419/ea0263148-6k_linkers.htm) (to the extent expressly incorporated by reference into our effective registration statements filed by us under the Securities Act).

The information relating to us contained in this prospectus does not purport to be comprehensive and should be read together with the information contained in the documents incorporated or deemed to be incorporated by reference in this prospectus.

As you read the above documents, you may find inconsistencies in information from one document to another. If you find inconsistencies between the documents and this prospectus, you should rely on the statements made in the most recent document. All information appearing in this prospectus is qualified in its entirety by the information and financial statements, including the notes thereto, contained in the documents incorporated by reference herein.

We will provide to each person, including any beneficial owner, to whom this prospectus is delivered, a copy of these filings, at no cost, upon written request to us at the following address:

Wai Kee KAN, Chief Executive Officer<br> Lot A99, Jalan 2A-3, A101 & A102, Jalan 2A, Kawasan Perusahaan MIEL

Sungai Lalang, 08000 Sungai Petani, Kedah Darul Aman, Malaysia<br> Telephone: +604-4417802

You also may access the incorporated reports and other documents referenced above on our website at *https://www.linkers-hk.com/*. The information contained on, or that can be accessed through, our website is not part of this prospectus.

You should rely only on the information contained or incorporated by reference in this prospectus. We have not authorized any other person to provide you with different information. If anyone provides you with different or inconsistent information, you should not rely on it. We are not making an offer to sell these securities in any jurisdiction where the offer or sale is not permitted. You should assume that the information appearing in this prospectus is accurate only as of the date on the front cover of this prospectus, or such earlier date, that is indicated in this prospectus. Our business, financial condition, results of operations and prospects may have changed since that date.

**Linkers Industries Limited**

**Up to [●] Ordinary Units (Each Contains One Class A Ordinary Share,<br> One Series A Warrant\* to Purchase One Class A Ordinary Share and<br> One Series B Warrant\* to Purchase One Class A Ordinary Share)<br> Up to [●] Pre-Funded Units (Each Contains One Pre-Funded Warrant,<br> One Series A Warrant\* to Purchase One Class A Ordinary Share and<br> One Series B Warrant\* to Purchase One Class A Ordinary Share)**

**\*Up to [●] Series A Warrants to Purchase One Class A Ordinary Share included in the Units or Pre-Funded Units**

**\*Up to [●] Series B Warrants to Purchase One Class A Ordinary Share included in the Units or Pre-Funded Units**

**Up to [●] Class A Ordinary Shares included in the Ordinary Units<br> Up to [●] Class A Ordinary Shares Underlying the Pre-Funded Warrants<br> Up to [●] Class A Ordinary Shares Underlying the Series A Warrants<br> Up to [●] Class A Ordinary Shares Underlying the Series B Warrants** 

**PRELIMINARY PROSPECTUS**

![](image_001.jpg)

**, 2026**

**PART II**

**INFORMATION NOT REQUIRED IN PROSPECTUS**

**Item 6. Indemnification of Directors and Officers.**

Our Memorandum and Articles of Association empowers us to indemnify our directors and officers against certain liabilities they incur by reason of their being a director or officer of the Company.

We have entered into indemnification agreements with each of our directors and executive officers. Under these agreements, we have agreed to indemnify our directors and executive officers against certain liabilities and expenses incurred by such persons in connection with claims made by reason of their being a director or officer of the Company.

We intend to obtain directors' and officers' liability insurance coverage that will cover certain liabilities of directors and officers of the Company arising out of claims based on acts or omissions in their capacities as directors or officers.

**Item 7. Recent Sales of Unregistered Securities.**

During the past three years, we have issued the following securities which were not registered under the Securities Act. We believe that the following issuance was exempt from registration under the Securities Act in reliance on Regulation D under the Securities Act or pursuant to Section 4(2) of the Securities Act regarding transactions not involving a public offering or in reliance on Regulation S under the Securities Act regarding sales by an issuer in offshore transactions. No underwriters were involved in this issuance of securities.

---

| | | | |
|:---|:---|:---|:---|
| **Securities/Purchaser** | **Date of <br> Issuance** | **Number of <br> Securities** | **Consideration** |
| **Class A Ordinary Shares** |  | | |
| Man Tak Lau | August 29, 2023 | 5829500 | $58.295 |

---

**Item 8. Exhibits and Financial Statement Schedules.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The following documents are filed as part of this registration statement:

See the Exhibit Index attached to this registration statement, which is incorporated by reference herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Financial Statement Schedules

Schedules have been omitted because the information required to be set forth therein is not applicable or has been included in the consolidated financial statements or notes thereto.

**Item 9. Undertakings.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The undersigned registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made,
 a post-effective amendment to this registration statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section 10(a)(3) of
 the Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the
 effective date of the registration statement (or the most recent post-effective amendment thereof) that, individually or in the aggregate,
 represent a fundamental change in the information in the registration statement. Notwithstanding the foregoing, any increase or decrease
 in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and
 any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with
 the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change
 in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration
 statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution
 not previously disclosed in the registration statement or any material change to such information in the registration statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities
 Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein,
 and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment
 any of the securities being registered that remain unsold at the termination of the offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) To file a post-effective amendment to the registration statement to
 include any financial statements required by Item 8.A. of Form 20-F at the start of any delayed offering or throughout
 a continuous offering. Financial statements and information otherwise required by Section 10(a)(3) of the act need not
 be furnished, provided that the registrant includes in the prospectus, by means of a post-effective amendment, financial statements
 required pursuant to this paragraph (a)(4) and other information necessary to ensure that all other information in the prospectus
 is at least as current as the date of those financial statements. Notwithstanding the foregoing, with respect to registration statements
 on Form F-3, a post-effective amendment need not be filed to include financial statements and information required by Section 10(a)(3) of
 the act if such financial statements and information are contained in periodic reports filed with or furnished to the SEC by the
 registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in
 the Form F-3.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) That, for the purpose of determining liability of the registrant under
 the Securities Act to any purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in
 a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting
 method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the
 following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such
 securities to such purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Any preliminary prospectus or prospectus of the undersigned registrant
 relating to the offering required to be filed pursuant to Rule 424;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Any free writing prospectus relating to the offering prepared by or
 on behalf of the undersigned registrant or used or referred to by the undersigned registrant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The portion of any other free writing prospectus relating to the offering
 containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Any other communication that is an offer in the offering made by the
 undersigned registrant to the purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Insofar as indemnification for liabilities arising under the Securities
 Act may be permitted to directors, officers, and controlling persons of the registrant pursuant to the provisions described in Item 6
 hereof, or otherwise, the registrant has been advised that in the opinion of the SEC, such indemnification is against public policy
 as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities
 (other than the payment by the registrant of expenses incurred or paid by a director, officer, or controlling person of the registrant
 in the successful defense of any action, suit, or proceeding) is asserted by such director, officer, or controlling person in connection
 with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling
 precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy
 as expressed in the Securities Act and will be governed by the final adjudication of such issue.

&nbsp;&nbsp;&nbsp;&nbsp;(c) The undersigned registrant hereby undertakes that, for purposes of
 determining any liability under the Securities Act, each filing of the registrant's annual report pursuant to Section 13(a) or
 Section 15(d) of the Exchange Act that is incorporated by reference in the registration statement shall be deemed
 to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall
 be deemed to be the initial bona fide offering thereof.

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit <br> Number** | **Description of Exhibit** |
| 3.1\* | [Second Amended and Restated Memorandum and Articles of Association of the Registrant](ea027402901ex3-1_linkers.htm) |
| 4.1 | [Description of the Registrant's Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (incorporated by reference to Exhibit 2.1 to the Company's Annual Report on Form 20-F for the year ended June 30, 2025)](http://www.sec.gov/Archives/edgar/data/1972074/000121390025097949/ea025785401ex2-1_linkers.htm) |
| 4.2\*\* | Form of Series A Warrant |
| 4.3\*\* | Form of Series B Warrant |
| 4.4\*\* | Form of Pre-Funded Warrant |
| 5.1\*\* | Opinion of Conyers Dill & Pearman |
| 5.2\*\* | Opinion of Sullivan & Worcester LLP |
| 8.1\*\* | Opinion of Conyers Dill & Pearman (included in Exhibit 5.1) |
| 10.1 | [Form of Employment Agreement, by and between executive officers and the Registrant (incorporated by reference to Exhibit 4.1 to the Company's Annual Report on Form 20-F for the year ended June 30, 2025)](https://www.sec.gov/Archives/edgar/data/1972074/000121390024046923/ea020676301ex10-1_linkers.htm) |
| 10.2 | [Form of Independent Director Agreement between the Registrant and independent directors (incorporated by reference to Exhibit 4.2 to the Company's Annual Report on Form 20-F for the year ended June 30, 2025)](https://www.sec.gov/Archives/edgar/data/1972074/000121390024046923/ea020676301ex10-2_linkers.htm) |
| 10.3 | [Form of Indemnification Agreement between the Registrant and independent directors (incorporated by reference to Exhibit 4.3 to the Company's Annual Report on Form 20-F for the year ended June 30, 2025)](https://www.sec.gov/Archives/edgar/data/1972074/000121390024046923/ea020676301ex10-3_linkers.htm) |
| 10.4 | [Tenancy Agreement entered into by TEM Electronics (M) Sdn. Bhd. with MIDF Property Berhad regarding Lot No. A99, Jalan 2A-3, Kawasan Perusahaan Sungai Lalang, 08000 Sungai Pentani, Kedah Darul Aman dated March 20, 2025 (incorporated by reference to Exhibit 4.13 to the Company's Annual Report on Form 20-F for the year ended June 30, 2025)](http://www.sec.gov/Archives/edgar/data/1972074/000121390025097949/ea025785401ex4-13_linkers.htm) |
| 10.5 | [Tenancy Agreement entered by TEM Electronics (M) Sdn. Bhd. with MIDF Property Berhad regarding Lot No. A101, Jalan 2A, Kawasan Perusahaan Sungai Lalang, 08000 Sungai Pentani, Kedah Darul Aman dated 21 July 2023 (incorporated by reference to Exhibit 4.14 to the Company's Annual Report on Form 20-F for the year ended June 30, 2025)](https://www.sec.gov/Archives/edgar/data/1972074/000121390024046923/ea020676301ex10-18_linkers.htm) |
| 10.6 | [Tenancy Agreement entered by TEM Electronics (M) Sdn. Bhd. with MIDF Property Berhad regarding Lot No. A102, Jalan 2A, Kawasan Perusahaan Sungai Lalang, 08000 Sungai Pentani, Kedah Darul Aman dated 21 July 2023 (incorporated by reference to Exhibit 4.15 to the Company's Annual Report on Form 20-F for the year ended June 30, 2025)](https://www.sec.gov/Archives/edgar/data/1972074/000121390024046923/ea020676301ex10-19_linkers.htm) |
| 10.7\*\* | Form of Placement Agency Agreement |
| 10.8\*\* | Form of Securities Purchase Agreement |
| 21.1 | [Subsidiaries of the Company (incorporated by reference to Exhibit 8.1 to the Company's Annual Report on Form 20-F for the year ended June 30, 2025)](http://www.sec.gov/Archives/edgar/data/1972074/000121390025097949/ea025785401ex8-1_linkers.htm) |
| 23.1\*\* | Consent of WWC, P.C., an independent registered public accounting firm |
| 23.2\*\* | Consent of Conyers Dill & Pearman (included in Exhibit 5.1) |
| 23.3\*\* | Consent of Sullivan & Worcester LLP (included in Exhibit 5.2) |
| 24.1\* | [Power of Attorney (included on signature page)](#aa_011) |
| 107\*\* | Filing Fee Table |

---

\* Filed herewith <br> \*\* To be filed by amendment

**SIGNATURES**

Pursuant to the requirements of the Securities Act, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form F-1 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Hong Kong, on , 2026.

---

| | |
|:---|:---|
| **LINKERS INDUSTRIES limited** | **LINKERS INDUSTRIES limited** |
| By: |  |
| Name: | Man Tak Lau |
| Title: | Chairman of the Board of Directors |

---

**POWER OF ATTORNEY**

KNOW ALL BY THOSE PRESENT, that each person whose signature appears below hereby constitutes and appoints Man Tak Lau with full power of substitution and resubstitution and full power to act, as his or her true and lawful agent, proxy, and attorney-in-fact, with full power of substitution and resubstitution, for and in his or her name, place and stead, in any and all capacities, to (1) act on, sign, and file with the SEC any and all amendments (including post-effective amendments) to this registration statement together with all schedules and exhibits thereto and any subsequent registration statement filed pursuant to Rule 462(b) under the Securities Act, together with all schedules and exhibits thereto; (2) act on, sign, and file such certificates, instruments, agreements, and other documents as may be necessary or appropriate in connection therewith; (3) act on and file any supplement to any prospectus included in this registration statement or any such amendment or any subsequent registration statement filed pursuant to Rule 462(b) under the Securities Act; and (4) take any and all actions that may be necessary or appropriate to be done, as fully for all intents and purposes as he or she might or could do in person, hereby approving, ratifying, and confirming all that such agent, proxy, and attorney-in-fact or any of his or her substitutes may lawfully do or cause to be done by virtue thereof.

Pursuant to the requirements of the Securities Act, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
|  | Director and Chairman of the Board of Directors | , 2026 |
| Man Tak Lau | (Principal Executive Officer) |  |
|  | Chief Executive Officer and Director | , 2026 |
| Wai Kee Kan |  |  |
|  | Chief Financial Officer and Director | , 2026 |
| Chooi Phing Teh | (Principal Accounting and Financial Officer) |  |
|  | Director | , 2026 |
| Wai Cheung Law |  |  |
|  | Independent Director | , 2026 |
| Wai Kuen Cheung |  |  |
|  | Independent Director | , 2026 |
| Norman Chun Kin Hui |  |  |
|  | Independent Director | , 2026 |
| Lionel Khuat Leok Choong |  |  |
|  | Independent Director | , 2026 |
| Wan Man Chan |  |  |
|  | Independent Director | , 2026 |
| Lee Chern Koay |  |  |

---

**SIGNATURE OF AUTHORIZED U.S. REPRESENTATIVE OF THE REGISTRANT**

Pursuant to the Securities Act, the undersigned, the duly authorized representative in the United States of Linkers Industries Limited, has signed this registration statement or amendment thereto in New York, New York on , 2026.

---

| | |
|:---|:---|
| **Authorized U.S. Representative Cogency Global Inc.** | **Authorized U.S. Representative Cogency Global Inc.** |
| By: |  |
| Name: | Colleen A. De Vries |
| Title: | Senior Vice President on behalf of Cogency Global Inc. |

---

## Exhibit 3.1

**Exhibit 3.1**

![](ex3-1_001.jpg)

 **TERRITORY OF THE BRITISH VIRGIN ISLANDS**

**THE BVI BUSINESS COMPANIES ACT**

**SECOND AMENDED AND RESTATED**

**MEMORANDUM OF ASSOCIATION**

**AND ARTICLES OF ASSOCIATION**

**OF**

**Linkers Industries Limited**

**As amended and adopted by written resolutions of all the shareholders of the Company**

**passed on 8 December 2023 and filed on 21 February 2024**

**Incorporated on the 8th day of December 2022**

**Conyers Trust Company (BVI) Limited**

P.O. Box 3140

Road Town

Tortola

British Virgin Islands

**Linkers Industries Limited**

**TERRITORY OF THE BRITISH VIRGIN ISLANDS**

**BVI BUSINESS COMPANIES ACT**

**SECOND AMENDED AND RESTATED**

**MEMORANDUM OF ASSOCIATION**

**OF**

**Linkers Industries Limited**

**As amended and adopted by written resolutions of all the shareholders of**

**the Company passed on 8 December 2023 and filed on 21 February 2024**

**1.** **Name** 

The name of the Company is Linkers Industries Limited (the "Company").

**2.** **STATUS** 

The Company is a company limited by shares.

**3.** **REGISTERED OFFICE AND REGISTERED AGENT** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The first registered office of the Company is OMC Chambers,
Wickhams Cay 1, Road Town, Tortola, British Virgin Islands.

The current registered office of the Company is at Commerce House, Wickhams Cay 1, P.O. Box 3140, Road Town, Tortola, VG1110, British Virgin Islands.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The first registered agent of the Company is **OVERSEAS MANAGEMENT COMPANY TRUST (B.V.I.) LTD.** of OMC Chambers, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands.

The current registered agent of the Company is **Conyers Trust Company (BVI) Limited** of Commerce House, Wickhams Cay 1, P.O. Box 3140, Road Town, Tortola, VG1110, British Virgin Islands.

**4.** **CAPACITY AND POWERS** 

Subject to the Act and any other British Virgin Islands legislation, the Company has, irrespective of corporate benefit:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) full capacity to carry on or undertake any business or activity,
do any act or enter into any transaction; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) for the purposes of subparagraph (a), full rights, powers and
privileges.

**1**

**Linkers Industries Limited**

**5.** **NUMBER AND CLASSES OF SHARES** 

5.1 The issued shares of the Company shall be divided into two classes: (i) Class A Ordinary Shares; and (ii)
Class B Ordinary Shares.

5.2 Shares in the Company shall be issued in the currency of the United States of America.

5.3 The Company is authorised to issue up to a maximum of 300,000,000 ordinary shares of a single class with
a par value of US$0.00001 each comprising (i) 250,000,000 Class A Ordinary Shares with a par value of US$0.00001 each; and (b) 50,000,000
Class B Ordinary Shares with a par value US$0.00001 each.

**6.** **RIGHTS ATTACHING TO SHARES** 

The rights and restrictions attaching to the Ordinary Shares are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Income

Holders of Ordinary Shares shall be entitled to such dividends as the Directors may in their absolute discretion lawfully declare from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Capital

Holders of Ordinary Shares shall be entitled to a return of capital on liquidation, dissolution or winding-up of the Company (other than on a conversion, redemption or purchase of shares, or an equity financing or series of financings that do not constitute the sale of all or substantially all of the shares of the Company).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Attendance at General Meetings and Voting

Holders of Ordinary Shares have the right to receive notice of, attend, speak and vote at general meetings of the Company. Holders of shares of Class A Ordinary Shares and Class B Ordinary Shares shall, at all times, vote together as one class on all matters submitted to a vote for Members' consent. Unless otherwise provided in Clause 7 below, each share of Class A Ordinary Share shall be entitled to one (1) vote on all matters subject to the vote at general meetings of the Company, and each share of Class B Ordinary Share shall be entitled to twenty (20) votes on all matters subject to the vote at general meetings of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Conversion

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Each share of Class B Ordinary Share is convertible into one (1) share of Class A Ordinary Share at any
time by the holder thereof. In no event shall Class A Ordinary Shares be convertible into Class B Ordinary Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) (1) Upon any direct or indirect sale, transfer, assignment or disposition of Class B Ordinary Shares or the direct or indirect transfer or
assignment of the voting power attached to such number of Class B Ordinary Shares through voting proxy or otherwise by a holder thereof
to any person or entity which is neither ultimately controlled by Mr. Lau Man Tak (the
" **Founder**") nor another holder of Class B Ordinary Shares or an Affiliate of such another holder, all Class B Ordinary
Shares held by a holder thereof shall be automatically and immediately converted into an equal number of Class A Ordinary Shares.

**2**

**Linkers Industries Limited**

For the avoidance of doubt, the creation of any pledge, charge, encumbrance or other third party right of whatever description on any of Class B Ordinary Shares to secure a holder's contractual or legal obligations shall not be deemed as a sale, transfer, assignment or disposition under Clause 6d(ii)(1) unless and until any such pledge, charge, encumbrance or other third party right is enforced and results in the third party (which is neither ultimately controlled by the Founder nor another holder of Class B Ordinary Shares or an Affiliate of such another holder) holding directly or indirectly beneficial ownership or voting power through voting proxy or otherwise to the related Class B Ordinary Shares, in which case all the related Class B Ordinary Shares shall be automatically and immediately converted into the same number of Class A Ordinary Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Upon any direct or indirect sale, transfer, assignment or disposition
of a majority of the issued and outstanding voting securities of, or the direct or indirect transfer or assignment of the voting power
attached to such voting securities through voting proxy or otherwise, or the direct or indirect sale, transfer, assignment or disposition
of all or substantially all of the assets of, a holder of Class B Ordinary Shares that is an entity to any person or entity which is
neither ultimately controlled by the Founder nor another holder of Class B Ordinary Shares or an Affiliate of such another holder, all
Class B Ordinary Shares held by a holder thereof shall be automatically and immediately converted into an equal number of Class A Ordinary
Shares.

For the avoidance of doubt, the creation of any pledge, charge, encumbrance or other third party right of whatever description on the issued and outstanding voting securities or the assets of a holder of Class B Ordinary Shares that is an entity to secure contractual or legal obligations shall not be deemed as a sale, transfer, assignment or disposition under Clause 6(d)(ii)(2) unless and until any such pledge, charge, encumbrance or other third party right is enforced and results in a third party, which is neither ultimately controlled by the Founder nor another holder of Class B Ordinary Shares or an Affiliate of such another holder, holding directly or indirectly beneficial ownership or voting power through voting proxy or otherwise to the related issued and outstanding voting securities or the assets of the related holder of Class B Ordinary Shares, in which case all the related Class B Ordinary Shares shall be automatically and immediately converted into the same number of Class A Ordinary Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) For the avoidance of doubt, a transfer shall be effective upon the Company's registration of such transfer in its register of
Members.

**3**

**Linkers Industries Limited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Any conversion of Class B Ordinary Shares into Class A Ordinary Shares pursuant to this Clause 6 shall
be effected by means of the re-designation and re-classification of the relevant Class B Ordinary Share as a Class A Ordinary Share together
with such rights and restrictions and which shall rank pari passu is all respects with the Class A Ordinary Shares then in issue. Such
conversion shall become effective forthwith upon entries being made in the register of Members of the Company to record the re-designation
and re-classification of the relevant Class B Ordinary Shares as Class A Ordinary Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Upon conversion,
the Company shall enter or procure the entry of the name of the relevant holder of Class B Ordinary Shares as the holder of the relevant
number of Class A Ordinary Shares resulting from the conversion of the Class B Ordinary Shares in, and make any other necessary and consequential
changes to, the register of Members of the Company and shall procure that certificates in respect of the relevant Class A Ordinary Shares,
together with a new certificate for any unconverted Class B Ordinary Shares comprised in the certificate(s) surrendered by the holder
of the Class B Ordinary Shares, are issued to the holders of the Class A Ordinary Shares and Class B Ordinary Shares, as the case may
be.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) Save and except for voting rights and conversion rights as set out in this Clause 6(c) and (d), the Class
A Ordinary Shares and the Class B Ordinary Shares shall rank pari passu and shall have the same rights, preferences, privileges and restrictions.

**7.** **VARIATION OF CLASS RIGHTS** 

The rights attached to any class or series of shares (unless otherwise provided by the terms of issue of the shares of that class or series), whether or not the Company is being wound-up, may be varied with the consent in writing of all the holders of the issued shares of that class or series or with the sanction of a resolution passed by a majority of the votes cast at a separate meeting of the holders of the shares of that class or series. To every such separate general meeting all the provisions of the Articles relating to general meetings of the Company shall, mutatis mutandis, apply, but so that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) separate general meetings of the holders of a class or series of shares may be called only by (i) the
chairman of the Board, or (ii) a majority of the entire Board (unless otherwise specifically provided by the terms of issue of the shares
of such class or series). Nothing in this Clause 7 shall be deemed to give any Member or Members the right to call a class or series meeting;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the necessary quorum (whether at a separate general meeting or at its adjourned meeting) shall be a person
or persons (or in the case of a Member being a corporation, its duly authorized representative) together holding or representing by proxy
not less than one-third in nominal or par value of the issued shares of that class (but so that if at any adjourned meeting of such holders
a quorum as above defined is not present, those Members who are present shall form a quorum);

**4**

**Linkers Industries Limited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) every holder of shares of the class shall be entitled (whether on show of hands or on a poll) to one vote for every such share held
by him; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any holder of shares of the class present in person or by proxy or authorised representative may demand a poll.

**8.** **RIGHTS NOT VARIED BY THE ISSUE OF SHARES *PARI PASSU*** 

Rights conferred upon the holders of the shares of any class or series issued with preferred or other rights shall not, unless otherwise expressly provided by the terms of issue of the shares of that class or series, be deemed to be varied by the creation or issue of further shares ranking *pari passu* therewith.

**9.** **REGISTERED SHARES** 

The Company shall issue registered shares only, and such shares may be in full or fractional form. The Company is not authorised to issue bearer shares, convert registered shares to bearer shares, or exchange registered shares for bearer shares.

**10.** **AMENDMENT OF MEMORANDUM AND ARTICLES OF ASSOCIATION** 

Subject to Clause 7, the Company may amend its Memorandum or Articles by a Resolution of Members or a Resolution of Directors, save that no amendment may be made by a Resolution of Directors:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to restrict the rights or powers of the Members to amend the
Memorandum or Articles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to change the percentage of Members required to pass a Resolution
of Members to amend the Memorandum or Articles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in circumstances where the Memorandum or Articles cannot be
amended by the Members;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) to clauses 6, 7, 8 or this clause 10.

**11.** **DEFINITIONS** 

The meanings of words in this Memorandum are as defined in the Articles annexed hereto.

**5**

**Linkers Industries Limited**

We, **OVERSEAS MANAGEMENT COMPANY TRUST (B.V.I.) LTD.**, of OMC Chambers, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands for the purpose of incorporating a BVI Business Company under the laws of the British Virgin Islands hereby sign this Memorandum of Association on the 8th day of December, 2022:

---

| |
|:---|
| Incorporator |
| SIGNED Sandra Vasquez |
| Sandra Vasquez |
| Authorised Signatory |
| **OVERSEAS MANAGEMENT COMPANY TRUST (B.V.I.) LTD.** |

---

**6**

**TERRITORY OF THE BRITISH VIRGIN ISLANDS**

**THE BVI BUSINESS COMPANIES ACT**

**SECOND AMENDED AND RESTATED**

**ARTICLES OF ASSOCIATION**

**OF**

**Linkers Industries Limited**

**As amended and adopted by written resolutions of all the shareholders of the<br> Company passed on 8 December 2023 and filed on 21 February 2024**

**Linkers Industries Limited**

**TABLE OF CONTENTS**

---

| | | |
|:---|:---|:---|
| **INTERPRETATION** | **INTERPRETATION** | **INTERPRETATION** |
| **1.** | Definitions | **1** |
| **SHARES** | **SHARES** | **SHARES** |
| **2.** | Power to Issue Shares | **4** |
| **3.** | Power of the Company to Purchase its Shares | **5** |
| **4.** | Treatment of Purchased, Redeemed or Acquired Shares | **5** |
| **5.** | Treasury Shares | **5** |
| **6.** | Consideration | **5** |
| **7.** | Forfeiture of Shares | **6** |
| **8.** | Share Certificates | **6** |
| **9.** | Fractional Shares | **7** |
| **REGISTRATION OF SHARES** | **REGISTRATION OF SHARES** | **REGISTRATION OF SHARES** |
| **10.** | Register of Members | **7** |
| **11.** | Registered Holder Absolute Owner | **7** |
| **12.** | Transfer of Registered Shares | **7** |
| **13.** | Transmission of Registered Shares | **8** |
| **ALTERATION OF SHARES** | **ALTERATION OF SHARES** | **ALTERATION OF SHARES** |
| **14.** | Power to Alter Shares | **9** |
| **15.** | Restrictions on the Division of Shares | **9** |
| **DISTRIBUTIONS** | **DISTRIBUTIONS** | **DISTRIBUTIONS** |
| **16.** | Distributions | **9** |
| **17.** | Power to Set Aside Profits | **9** |
| **18.** | Unauthorised Distributions | **10** |
| **19.** | Distributions to Joint Holders of Shares | **10** |
| **MEETINGS OF MEMBERS** | **MEETINGS OF MEMBERS** | **MEETINGS OF MEMBERS** |
| **20.** | General Meetings | **10** |
| **21.** | Location | **10** |
| **22.** | Requisitioned General Meetings | **10** |
| **23.** | Notice | **10** |
| **24.** | Giving Notice | **11** |
| **25.** | Service of Notice | **11** |
| **26.** | Participating in Meetings by Telephone | **11** |
| **27.** | Quorum at General Meetings | **11** |
| **28.** | Chairman to Preside | **12** |
| **29.** | Voting on Resolutions | **12** |
| **30.** | Power to Demand a Vote on a Poll | **12** |
| **31.** | Voting by Joint Holders of Shares | **12** |
| **32.** | Instrument of Proxy | **12** |
| **33.** | Representation of Members | **13** |
| **34.** | Adjournment of General Meetings | **13** |
| **35.** | Business at Adjourned Meetings | **13** |
| **36.** | Directors Attendance at General Meetings | **14** |

---

i

---

| | | |
|:---|:---|:---|
| **DIRECTORS AND OFFICERS** | **DIRECTORS AND OFFICERS** | **DIRECTORS AND OFFICERS** |
| **37.** | Election of Directors | **14** |
| **38.** | Number of Directors | **14** |
| **39.** | Term of Office of Directors | **14** |
| **40.** | Alternate and Reserve Directors | **14** |
| **41.** | Removal of Directors | **15** |
| **42.** | Vacancy in the Office of Director | **15** |
| **43.** | Remuneration of Directors | **15** |
| **44.** | Resignation of directors | **16** |
| **45.** | Directors to Manage Business | **16** |
| **46.** | Committees of Directors | **16** |
| **47.** | Officers and Agents | **18** |
| **48.** | Removal of Officers and Agents | **18** |
| **49.** | Duties of Officers | **19** |
| **50.** | Remuneration of Officers | **19** |
| **51.** | Standard of Care | **19** |
| **52.** | Conflicts of Interest | **19** |
| **53.** | Indemnification and Exculpation | **20** |
| **MEETINGS OF THE BOARD OF DIRECTORS** | **MEETINGS OF THE BOARD OF DIRECTORS** | **MEETINGS OF THE BOARD OF DIRECTORS** |
| **54.** | Board Meetings | **21** |
| **55.** | Notice of Board Meetings | **21** |
| **56.** | Participation in Meetings by Telephone | **21** |
| **57.** | Quorum at Board Meetings | **22** |
| **58.** | Board to Continue in the Event of Vacancy | **22** |
| **59.** | Chairman to Preside | **22** |
| **60.** | Powers of Sole Director | **22** |
| **61.** | Proceedings if One Director | **22** |
| **CORPORATE RECORDS** | **CORPORATE RECORDS** | **CORPORATE RECORDS** |
| **62.** | Documents to be Kept | **22** |
| **63.** | Form and Use of Seal | **23** |
| **ACCOUNTS** | **ACCOUNTS** | **ACCOUNTS** |
| **64.** | Books of Account | **23** |
| **65.** | Form of Records | **24** |
| **66.** | Financial Statements | **24** |
| **67.** | Distribution of Accounts | **24** |
| **AUDITS** | **AUDITS** | **AUDITS** |
| **68.** | Audit | **24** |
| **69.** | Appointment of Auditor | **24** |
| **70.** | Remuneration of Auditor | **25** |
| **71.** | Duties of Auditor | **25** |
| **72.** | Access to Records | **25** |
| **73.** | Auditor Entitled to Notice | **25** |
| **VOLUNTARY LIQUIDATION** | **VOLUNTARY LIQUIDATION** | **VOLUNTARY LIQUIDATION** |
| **74.** | Liquidation | **25** |
| **FUNDAMENTAL CHANGES** | **FUNDAMENTAL CHANGES** | **FUNDAMENTAL CHANGES** |
| **75.** | Changes | **26** |
| **76.** | Continuation under Foreign Law | **26** |

---

ii

**Linkers Industries Limited**

**INTERPRETATION**

1. DEFINITIONS

1.1. In the Memorandum and these Articles, the following words and expressions shall, where not inconsistent with the context, have the
following meanings, respectively:

---

| | |
|:---|:---|
| **"Act"** | BVI Business Companies Act, as from time to time amended or restated; |

---

---

| | |
|:---|:---|
| **"Affiliates"** | as defined in Rule 501(b) of Regulation D under the Securities Act; |

---

---

| | |
|:---|:---|
| **"Articles"** | these Articles of Association as originally registered or as from time to time amended or restated; |

---

---

| | |
|:---|:---|
| **"Audit Committee"** | the audit committee of the Company formed by the Board pursuant to Article 46.6, or any successor audit committee; |

---

---

| | |
|:---|:---|
| **"Auditor"** | the independent auditor of the Company which shall be an internationally recognized firm of independent accountants; |

---

---

| | |
|:---|:---|
| **"Board" or "Director(s)"** | the board of directors of the Company or the directors present at a meeting of directors of the Company at which a quorum is present; |

---

---

| | |
|:---|:---|
| **"Class A Ordinary Share"** | a class A ordinary share with a par value of US$0.00001 each in the Company having the rights set out in the Memorandum; |

---

---

| | |
|:---|:---|
| **"Class B Ordinary Share"** | a class B ordinary share with a par value of US$0.00001 each in the Company having the rights set out in the Memorandum; |

---

---

| | |
|:---|:---|
| **"Company"** | Linkers Industries Limited; |

---

---

| | |
|:---|:---|
| **"Designated Stock Exchange"** | the stock exchange in the United States on which any shares of the Company (or depositary receipts therefor) are listed for trading; |

---

---

| | | |
|:---|:---|:---|
| **"Distribution"** | (a) | the direct or indirect transfer of an asset, other than the Company's own shares, to or for the benefit of a Member; or |
|  | (b) | the incurring of a debt to or for the benefit of a Member; |

---

in relation to shares held by a Member and whether by means of the purchase of an asset, the purchase, redemption or other acquisition of shares, a transfer of indebtedness or otherwise, and includes a dividend;

**1**

**Linkers Industries Limited**

---

| | |
|:---|:---|
| **"Exchange Act"** | the U.S. Securities Exchange Act of 1934, as amended; |

---

---

| | |
|:---|:---|
| **"Member"** | a person whose name is entered in the register of members as the holder of one or more shares, or fractional shares, in the Company; |

---

---

| | |
|:---|:---|
| **"Memorandum"** | the second amended and restated Memorandum of Association of the Company as originally registered or as from time to time amended or restated; |

---

---

| | |
|:---|:---|
| **"Ordinary Shares"** | the Class A Ordinary Shares and the Class B Ordinary Shares collectively; |

---

---

| | |
|:---|:---|
| **"Resolution of Directors"**(a) | a resolution approved at a duly constituted meeting of directors or of a committee of directors of the Company by the affirmative vote of a simple majority of the directors present who voted and did not abstain; or |
| (b) | subject to article 41.1, a resolution consented to in writing by all of the directors or of all the members of the committee, as the case may be; |

---

---

| | |
|:---|:---|
| **"Resolution of Members"**(a) | a resolution approved at a duly constituted meeting of Members by the affirmative vote of a simple majority of the votes of those Members entitled to vote and voting on the resolution; or |
| (b) | subject to article 41.1, a resolution consented to in writing by all of the Members entitled to vote thereon; |

---

---

| | |
|:---|:---|
| **"Seal"** | the common seal of the Company; |

---

---

| | |
|:---|:---|
| **"SEC"** | the United States Securities and Exchange Commission; |

---

**2**

**Linkers Industries Limited**

---

| | |
|:---|:---|
| **"Secretary"** | the person appointed to perform any or all of the duties of secretary of the Company and includes any deputy or assistant secretary and any person appointed by the Board to perform any of the duties of the Secretary; |

---

---

| | |
|:---|:---|
| **"Securities Act"** | the U.S. Securities Act 1933, as amended; |

---

---

| | |
|:---|:---|
| **"Statutes"** | the Act, the Exchange Act, the Securities Act and every other law of the Legislature of the Cayman Islands or the United States of America for the time being in force applying to or affecting the Company, the Memorandum and/or these Articles; |

---

---

| | |
|:---|:---|
| **"Treasury Share"** | a share of the Company that was previously issued but was repurchased, redeemed or otherwise acquired by the Company and not cancelled. |

---

1.2. In the Memorandum and these Articles, where not inconsistent with the context:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) words denoting the plural number include the singular number and vice versa;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) words denoting the masculine gender include the feminine and neuter genders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) words importing persons include companies, associations or bodies of persons whether corporate or not;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) a reference to voting in relation to shares shall be construed as a reference to voting by Members holding
the shares, except that it is the votes allocated to the shares that shall be counted and not the number of Members who actually voted
and a reference to shares being present at a meeting shall be given a corresponding construction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) a reference to money is, unless otherwise stated, a reference to the currency in which shares of the Company
shall be issued;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) the words:-

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) "may" shall be construed as permissive; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) "shall" shall be construed as imperative; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) unless otherwise provided herein, words or expressions defined in the Act shall bear the same meaning
in these Articles.

**3**

**Linkers Industries Limited**

1.3. In the Memorandum and these Articles, expressions referring to writing shall, unless the contrary intention
appears, be construed as including printing, lithography, photography and other modes of representing or reproducing words or figures
in a legible and non-transitory form or, to the extent permitted by and in accordance with the Statutes and other applicable laws, rules
and regulations, any visible substitute for writing (including an electronic communication), or modes of representing or reproducing words
partly in one visible form and partly in another visible form, and including where the representation takes the form of electronic display,
provided that both the mode of service of the relevant document or notice and the Member's election comply with all applicable Statutes,
rules and regulations.

1.4. In the Memorandum and these Articles, references to any law, ordinance, statute or statutory provision
shall be interpreted as relating to any statutory modification or re-enactment thereof for the time being in force.

1.5. In the Memorandum
and these Articles, references to a document (including, but without limitation, a resolution in writing) being signed or executed include
references to it being signed or executed under hand or under seal or by electronic signature or by electronic communication or by any
other method and references to a notice or document include a notice or document recorded or stored in any digital, electronic, electrical,
magnetic or other retrievable form or medium and information in visible form whether having physical substance or not.

1.6. Where a Member is a corporation, any reference in the Memorandum and these Articles to a Member shall,
where the context requires, refer to a duly authorised representative of such Member.

1.7. Headings used in the Memorandum and these Articles are for convenience only and are not to be used or
relied upon in the construction hereof.

**SHARES**

2. POWER TO ISSUE SHARES

2.1 Subject to the provisions of the Memorandum, the unissued shares of the Company shall be at the disposal
of the Board which may, without prejudice to any rights previously conferred on the holders of any existing shares or class or series
of shares, offer, allot, grant options over or otherwise dispose of the shares to such persons, at such times and upon such terms and
conditions as the Company may by Resolution of Directors determine.

2.2 Neither the Company nor the Board shall be obliged, when making
or granting any allotment of, offer of, option over or disposal of shares, to make, or make available, any such allotment, offer, option
or shares to Members or others with registered addresses in any particular territory or territories being a territory or territories
where, in the absence of a registration statement or other special formalities, this would or might, in the opinion of the Board, be
unlawful or impracticable. Members affected as a result of the foregoing sentence shall not be, or be deemed to be, a separate class
of members for any purpose whatsoever. Except as otherwise expressly provided in the resolution or resolutions providing for the establishment
of any class or series of preferred shares, no vote of the holders of preferred shares or ordinary shares shall be a prerequisite to
the issuance of any shares of any class or series of the preferred shares or ordinary shares authorized by and complying with the conditions
of the Memorandum and these Articles.

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**Linkers Industries Limited**

3. POWER OF THE COMPANY TO PURCHASE ITS SHARES

Subject to these Articles, the Company may by Resolution of Directors, purchase, redeem or otherwise acquire and hold its own shares. Sections 60, 61 and 62 of the Act shall not apply to the Company.

4. TREATMENT OF PURCHASED, REDEEMED OR ACQUIRED SHARES

4.1. Subject to article 4.2, a share that the Company purchases, redeems or otherwise acquires may be cancelled
or held by the Company as a Treasury Share.

4.2. The Company
may only hold a share that has been purchased, redeemed or otherwise acquired as a Treasury Share if the number of shares purchased, redeemed
or otherwise acquired, when aggregated with shares of the same class already held by the Company as Treasury Shares, does not exceed 50%
of the shares of that class previously issued by the Company, excluding shares that have been cancelled.

5. TREASURY SHARES

5.1. Treasury Shares may be transferred by the Company and the provisions of the Act, the Memorandum and these
Articles that apply to the issue of shares apply to the transfer of Treasury Shares.

5.2. All the rights and obligations attaching to a Treasury Share are suspended and shall not be exercised
by or against the Company while it holds the share as a Treasury Share.

6. CONSIDERATION

6.1. A share may be issued for consideration, in any form or a combination of forms, including money, a promissory
note or other written obligation to contribute money or property, real property, personal property (including goodwill and know-how),
services rendered or a contract for future services.

6.2. No share may be issued for a consideration, which is in whole or part, other than money unless the Board
passes a resolution stating:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the amount to be credited for the issue of the share; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) that, in its opinion, the present cash value of the non-money consideration and money consideration, if
any, is not less than the amount to be credited for the issue of the share.

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**Linkers Industries Limited**

6.3. No share may be issued by the Company that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) increases the liability of a person to the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) imposes a new liability on a person to the Company,

unless that person, or an authorised agent of that person, agrees in writing to becoming the holder of the share.

6.4. The consideration for a share with par value shall not be less than the par value of the share.

6.5. A bonus share issued by the Company shall be deemed to have been fully paid for on issue.

7. FORFEITURE OF SHARES

7.1. Where a share is not fully paid for on issue, the Board may, subject to the terms on which the share was
issued, at any time serve upon the Member a written notice of call specifying a date for payment to be made.

7.2. The written
notice of call shall name a further date not earlier than the expiration of fourteen days from the date of service of the notice on or
before which the payment required by the notice is to be made and shall contain a statement that in the event of non-payment at or before
the time named in the notice, the share will be liable to be forfeited.

7.3. Where a notice complying with the foregoing provisions has been issued and the requirements of the notice
have not been complied with, the Board by Resolution of Directors may, at any time before tender of payment, forfeit and cancel the share
to which the notice relates and direct that the register of members be updated.

7.4. Upon forfeiture and cancellation pursuant to article 7.3, the Company shall be under no obligation to
refund any moneys to that Member and that Member shall be discharged from any further obligation to the Company as regards the forfeited
share.

8. SHARE CERTIFICATES

8.1. The Company shall not be required to issue certificates in respect of its shares to a Member, but may
elect to do so by the determination of any one director or the Secretary in his sole discretion, upon the request and at the expense of
the Member.

8.2. If the Company issues share certificates, the certificates shall be signed by at least one director or
such other person who may be authorised by Resolution of Directors to sign share certificates, or shall be under the common seal of the
Company, with or without the signature of any director, and the signatures and common seal may be facsimiles.

8.3. Any Member receiving a share certificate for registered shares shall indemnify and hold the Company and
its directors and officers harmless from any loss or liability which it or they may incur by reason of wrongful or fraudulent use or representation
made by any person by virtue of the possession thereof. If a share certificate for registered shares is worn out or lost it may be renewed
on production of the worn out certificate or on satisfactory proof of its loss together with such indemnity as may be required by a Resolution
of Directors.

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**Linkers Industries Limited**

9. FRACTIONAL SHARES

The Company may issue fractional shares and a fractional share shall have the corresponding fractional rights, obligations and liabilities of a whole share of the same class or series of shares.

**REGISTRATION OF SHARES**

10. REGISTER OF MEMBERS

10.1. The Board shall cause there to be kept a register of members in which there shall be recorded the name
and address of each Member, the number of each class and series of shares held by each Member, the date on which the name of each Member
was entered in the register of members and the date upon which any person ceased to be a Member.

10.2. The register
of members may be in such form as the Board may approve, but if it is in magnetic, electronic or other data storage form, the Company
must be able to produce legible evidence of its contents. Unless the Board otherwise determines, the magnetic, electronic or other data
storage form shall be the original register of members.

11. REGISTERED HOLDER ABSOLUTE OWNER

11.1. The entry of the name of a person in the register of members as a holder of a share in the Company is *prima facie* evidence that legal title in the share vests in that person.

11.2. The Company may treat the holder of a registered share as the only person entitled to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) exercise any voting rights attaching to the share;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) receive notices;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) receive a Distribution in respect of the share; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) exercise other rights and powers attaching to the share.

12. TRANSFER OF REGISTERED SHARES

12.1. Registered shares in the Company shall only be transferred by a written instrument of transfer signed
by the transferor and containing the name and address of the transferee.

12.2. The instrument of transfer shall also be signed by the transferee if registration as a holder of the share
imposes a liability to the Company on the transferee.

12.3. The instrument of transfer shall be sent to the Company for registration.

12.4. The Company shall, on receipt of an instrument of transfer, enter the name and address of the transferee
of the share in the register of members unless the Board resolves to refuse or delay the registration of the transfer for reasons that
shall be specified in the resolution.

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**Linkers Industries Limited**

12.5. The Board is permitted to pass a Resolution of Directors refusing or delaying the registration of a transfer
where it reasonably determines that it is in the best interest of the Company to do so. Without limiting the generality of the foregoing,
the Board may refuse or delay the registration of a transfer of shares if the transferor has failed to pay an amount due in respect of
those shares.

12.6. Where the Board passes a resolution to refuse or delay the registration of a transfer, the Company shall,
as soon as practicable, send the transferor and the transferee a notice of the refusal or delay.

12.7. The transfer of a share is effective when the name of the transferee is entered in the register of members
and the Company shall not be required to treat a transferee of a share in the Company as a Member until the transferee's name has been
entered in the register of members.

12.8. If the Board is satisfied that an instrument of transfer has been signed but that the instrument has been
lost or destroyed, it may resolve:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to accept such evidence of the transfer of the shares as they consider
appropriate; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) that the transfer of shares be recorded, including by the entry of the transferee's name in the register of members.

13. TRANSMISSION OF REGISTERED SHARES

13.1. The executor or administrator of the estate of a deceased Member, the guardian of an incompetent Member,
the liquidator of an insolvent Member or the trustee of a bankrupt Member shall be the only person recognised by the Company as having
any title to the Member's share.

13.2. Any person becoming entitled by operation of law or otherwise to a share in consequence of the death,
incompetence or bankruptcy of any Member may be registered as a Member upon such evidence being produced as may reasonably be required
by the Board. An application by any such person to be registered as a Member shall for all purposes be deemed to be a transfer of the
share of the deceased, incompetent or bankrupt Member and the Board shall treat it as such.

13.3. Any person who has become entitled to a share or shares in consequence of the death, incompetence or bankruptcy
of any Member may, instead of being registered himself, request in writing that some person to be named by him be registered as the transferee
of such share and such request shall likewise be treated as if it were a transfer.

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**Linkers Industries Limited**

**ALTERATION OF SHARES**

14. POWER TO ALTER SHARES

14.1. The Company may amend the Memorandum to increase or reduce the maximum number of shares that the Company
is authorised to issue, or to authorise the Company to issue an unlimited number of shares.

14.2. Subject to the Memorandum and these Articles, the Company may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) divide its shares, including issued shares, into a larger number of shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) combine its shares, including issued shares, into a smaller number of shares;

provided that, where shares are divided or combined, the aggregate par value (if any) of the new shares must be equal to the aggregate par value (if any) of the original shares.

14.3. A division
or combination of shares, including issued shares, of a class or series shall be for a larger or smaller number, as the case may be, of
shares in the same class or series.

15. RESTRICTIONS ON THE DIVISION OF SHARES

The Company shall not divide its shares if it would cause the maximum number of shares that the Company is authorised to issue to be exceeded.

**DISTRIBUTIONS**

16. DISTRIBUTIONS

16.1. The Board may, by Resolution of Directors, authorise a Distribution by the Company to Members at such
time and of such an amount as it thinks fit if it is satisfied, on reasonable grounds, that immediately after the Distribution, the value
of the Company's assets exceeds its liabilities and the Company is able to pay its debts as they fall due. The resolution shall include
a statement to that effect.

16.2. Notice of any Distribution that may have been authorised shall be given to each Member entitled to the
Distribution in the manner provided in article 24 and all Distributions unclaimed for three years after having been authorised may be
forfeited by Resolution of Directors for the benefit of the Company.

17. POWER TO SET ASIDE PROFITS

The Board may, before authorising any Distribution, set aside out of the profits of the Company such sum as it thinks proper as a reserve fund, and may invest the sum so set apart as a reserve fund in such securities as it may select.

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**Linkers Industries Limited**

18. UNAUTHORISED DISTRIBUTIONS

18.1. If, after a Distribution is authorised and before it is made, the Board ceases to be satisfied on reasonable
grounds that immediately after the Distribution the value of the Company's assets exceeds its liabilities and the Company is able to pay
its debts as they fall due, such Distribution is deemed not to have been authorised.

18.2. A Distribution made to a Member at a time when, immediately after the Distribution, the value of the Company's
assets did not exceed its liabilities and the Company was not able to pay its debts as they fell due, is subject to recovery in accordance
with the provisions of the Act.

19. DISTRIBUTIONS TO JOINT HOLDERS OF SHARES

If two or more persons are registered as joint holders of any shares, any one of such persons may give an effectual receipt for any Distribution payable in respect of such shares.

**MEETINGS OF MEMBERS**

20. GENERAL MEETINGS

The Board, by Resolution of Directors, may convene meetings of the Members of the Company at such times and in such manner as the Board considers necessary or desirable.

21. LOCATION

Any meeting of the Members may be held in such place within or outside the British Virgin Islands as the Board considers appropriate.

22. REQUISITIONED GENERAL MEETINGS

The Board shall call a meeting of the Members if requested in writing to do so by Members entitled to exercise at least thirty percent of the voting rights in respect of the matter for which the meeting is being requested.

23. NOTICE

23.1. The Board shall give not less than seven days' notice of meetings of Members to those persons whose names,
on the date the notice is given, appear as Members in the register of members of the Company and are entitled to vote at the meeting.

23.2. A meeting of Members held in contravention of the requirement in article 23.1 is valid if Members holding
a ninety percent majority of the total voting rights on all the matters to be considered at the meeting have waived notice of the meeting
and, for this purpose, the presence of a Member at the meeting shall be deemed to constitute waiver on his part.

23.3. The inadvertent failure of the Board to give notice of a meeting to a Member, or the fact that a Member
has not received notice, does not invalidate the meeting.

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**Linkers Industries Limited**

24. GIVING NOTICE

24.1. A notice may be given by the Company to any Member either by delivering it to such Member in person or
by sending it to such Member's address in the register of members or to such other address given for the purpose. Notice may be sent by
mail, courier service, facsimile, electronic mail or other mode of representing words in a legible form as agreed by such Member.

24.2. Any notice required to be given to a Member shall, with respect to any shares held jointly by two or more
persons, be given to whichever of such persons is named first in the register of members and notice so given shall be sufficient notice
to all the holders of such shares.

25. SERVICE OF NOTICE

Any notice shall be deemed to have been served at the time when the same would be delivered in the ordinary course of transmission and, in proving such service, it shall be sufficient to prove that the notice was properly addressed and prepaid, if posted, and the time when it was posted, delivered to the courier or transmitted by facsimile, electronic mail or other method as the case may be.

26. PARTICIPATING IN MEETINGS BY TELEPHONE

A Member shall be deemed to be present at a meeting of Members if he participates by telephone or other electronic means and all Members participating in the meeting are able to hear each other.

27. QUORUM AT GENERAL MEETINGS

27.1. A meeting of Members is properly constituted if at the commencement of the meeting there are present in
person or by proxy not less than fifty percent of the votes of the shares or class or series of shares entitled to vote on Resolutions
of Members to be considered at the meeting.

27.2. If, within two hours from the time appointed for the meeting a quorum is not present, the meeting, if
convened upon the requisition of Members, shall be dissolved; in any other case it shall stand adjourned to the next business day at the
same time and place or to such other time and place as the Board may determine, and if at the adjourned meeting there are present within
one hour from the time appointed for the meeting in person or by proxy not less than one third of the votes of the shares or each class
or series of shares entitled to vote on the resolutions to be considered by the meeting, those present shall constitute a quorum but otherwise
the meeting shall be dissolved.

27.3. If a quorum is present, notwithstanding the fact that such quorum may be represented by only one person,
then such person may resolve any matter and a certificate signed by such person accompanied, where such person be a proxy, by a copy of
the proxy form, shall constitute a valid Resolution of Members.

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**Linkers Industries Limited**

28. CHAIRMAN TO PRESIDE

At every meeting of Members, the chairman of the Board shall preside as chairman of the meeting. If there is no chairman of the Board or if the chairman of the Board is not present at the meeting, the Members present shall choose one of their number to be the chairman. If the Members are unable to choose a chairman for any reason, then the person representing the greatest number of voting shares present in person or by proxy at the meeting shall preside as chairman.

29. VOTING ON RESOLUTIONS

At any meeting of the Members the chairman shall be responsible for deciding in such manner as he shall consider appropriate whether any resolution has been carried or not and the result of his decision shall be announced to the meeting and recorded in the minutes thereof.

30. POWER TO DEMAND A VOTE ON A POLL

30.1. At any meeting
of Members a resolution put to the vote of the meeting shall, in the first instance, be voted upon by a show of hands and, subject to
any rights or restrictions for the time being lawfully attached to any class of shares and subject to the provisions of these Articles
(including without limitation clause 7 in the Memorandum), every Member present in person and every person holding a valid proxy at such
meeting shall be entitled to one (1) vote for each Class A Ordinary Share and twenty (20) votes for each Class B Ordinary Share of which
he is the holder and shall cast such vote by raising his hand.

30.2. If the chairman shall have any doubt as to the outcome of any resolution put to the vote, he shall cause
a poll to be taken of all votes cast upon such resolution, but if the chairman shall fail to take a poll then any Member present in person
or by proxy who disputes the announcement by the chairman of the result of any vote may immediately following such announcement demand
that a poll be taken and the chairman shall thereupon cause a poll to be taken. If a poll is taken at any meeting, the result thereof
shall be duly recorded in the minutes of that meeting by the chairman.

31. VOTING BY JOINT HOLDERS OF SHARES

The following shall apply where shares are jointly owned: (a) if two or more persons hold shares jointly each of them may be present in person or by proxy at a meeting of Members and may speak as a Member; (b) if only one of the joint owners is present in person or by proxy he may vote on behalf of all of them; and (c) if two or more of the joint owners are present in person or by proxy they must vote as one.

32. INSTRUMENT OF PROXY

32.1. A Member may be represented at a meeting of Members by a proxy (who need not be a Member) who may speak
and vote on behalf of the Member.

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**Linkers Industries Limited**

32.2. An instrument appointing a proxy shall be in such form as the Board may from time to time determine or
such other form as the chairman of the meeting shall accept as properly evidencing the wishes of the Member appointing the proxy.

32.3. The chairman of any meeting at which a vote is cast by proxy or on behalf of any person other than an
individual may call for a certified copy of such proxy or authority which shall be produced within seven days of being so requested or
the votes cast by such proxy or on behalf of such person shall be disregarded.

32.4. The instrument
appointing a proxy shall be produced at such place or one of such places (if any) as may be specified for that purpose in or by way of
note to or in any document accompanying the notice convening the meeting not less than forty-eight (48) hours before the time appointed
for holding the meeting or adjourned meeting the place appointed for the meeting before the time for holding the meeting at which the
person named in such instrument proposes to vote and in default the Directors may treat the instrument of proxy as valid. Delivery of
an instrument appointing a proxy shall not preclude a Member from attending and voting in person at the meeting convened and in such event,
the instrument appointing a proxy shall be deemed to be revoked.

33. REPRESENTATION OF MEMBERS

33.1. Any person other than an individual which is a Member may by resolution in writing (certified or signed
by a duly authorised person) of its directors or other governing body authorise such person as it thinks fit to act as its representative
(in this article, "Representative") at any meeting of the Members or at the meeting of the Members of any class or series of
shares and the Representative shall be entitled to exercise the same powers on behalf of the Member which he represents as that Member
could exercise if it were an individual.

33.2. The right of a Representative shall be determined by the law of the jurisdiction where, and by the documents
by which, the Member is constituted or derives its existence. In case of doubt, the Board may in good faith seek legal advice from any
qualified person and unless and until a court of competent jurisdiction shall otherwise rule, the Board may rely and act upon such advice
without incurring any liability to any Member.

34. ADJOURNMENT OF GENERAL MEETINGS

The chairman may, with the consent of the meeting, adjourn any meeting from time to time, and from place to place.

35. BUSINESS AT ADJOURNED MEETINGS

No business shall be transacted at any adjourned meeting other than the business left unfinished at the meeting from which the adjournment took place.

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**Linkers Industries Limited**

36. DIRECTORS ATTENDANCE AT GENERAL MEETINGS

Directors of the Company may attend and speak at any meeting of Members of the Company and at any separate meeting of the holders of any class or series of shares in the Company.

**DIRECTORS AND OFFICERS**

37. ELECTION OF DIRECTORS

37.1. The first registered agent of the Company shall, within six months of the date of incorporation of the
Company, appoint one or more persons as the first director or directors of the Company. Thereafter, the directors shall be elected by
a Resolution of Directors or a Resolution of Members.

37.2. No person shall be appointed as a director or nominated as a reserve director unless he has consented
in writing to act as a director or to be nominated as a reserve director.

37.3. A director shall not require a share qualification, and may be an individual or a company.

37.4. Any director which is a body corporate may appoint any person its duly authorised representative for the
purpose of representing it at Board meetings or with respect to unanimous written consents.

38. NUMBER OF DIRECTORS

The maximum number of directors may be fixed either by a Resolution of Directors or a Resolution of Members, provided that if the maximum number of directors is fixed by a Resolution of Members, then any change to the maximum number of directors shall only be made by a Resolution of Members.

39. TERM OF OFFICE OF DIRECTORS

Each director shall hold office for the term, if any, as may be specified in the resolution appointing him or until his earlier death, resignation or removal.

40. ALTERNATE AND RESERVE DIRECTORS

40.1. A director may at any time appoint any person (including another director) to be his alternate director
and may at any time terminate such appointment. An appointment and a termination of appointment shall be by notice in writing signed by
the director and deposited at the Registered Office or delivered at a meeting of the Board.

40.2. The appointment of an alternate director shall terminate on the happening of any event which, if he were
a director, would cause him to vacate such office or if his appointor ceases for any reason to be a director.

40.3. An alternate director has the same rights as the appointing director in relation to any directors' meeting
and any written resolution circulated for written consent, save that he may not himself appoint an alternate director or a
proxy. Any exercise by the alternate director of the appointing director's powers in relation to the taking of decisions by the directors
is as effective as if the powers were exercised by the appointing director.

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**Linkers Industries Limited**

40.4. If an alternate director is himself a director or attends a meeting of the Board as the alternate director
of more than one director, his voting rights shall be cumulative.

40.5. Unless the Board determines otherwise, an alternate director may also represent his appointor at meetings
of any committee of the directors on which his appointor serves; and this Article shall apply equally to such committee meetings as to
meetings of the Board.

40.6. Where the Company has only one Member who is an individual and that Member is also the sole director,
the sole member/director may, by instrument in writing, nominate a person who is not disqualified from being a director under the Act
as a reserve director in the event of his death.

40.7. The nomination of a person as a reserve director ceases to have effect
if: (a) before the death of the sole Member/director who nominated him he resigns as reserve director, or the sole Member/director revokes
the nomination in writing, or (b) the sole Member/director who nominated him ceases to be the sole Member/director for any reason other
than his death.

41. REMOVAL OF DIRECTORS

41.1. A director may be removed from office by a Resolution of Members or by Resolution of Directors. A resolution
passed under this Article 41.1 may only be passed at a meeting called for the purpose of removing the director or for purposes including
the removal of the director or by a written resolution passed by at least seventy-five percent (75%) of the votes of the members or directors
of the Company entitled to vote.

41.2. [Reserved.]

42. VACANCY IN THE OFFICE OF DIRECTOR

42.1. Notwithstanding article 37, the Board may appoint one or more directors to fill a vacancy on the Board.

42.2. For the purposes of this article, there is a vacancy on the Board if a director dies or otherwise ceases
to hold office as a director prior to the expiration of his term of office or there is otherwise a vacancy in the number of directors
as fixed pursuant to article 38.

42.3. The term of any appointment under this article may not exceed the term that remained when the person who
has ceased to be a director left or otherwise ceased to hold office.

43. REMUNERATION OF DIRECTORS

With the prior or subsequent approval by a Resolution of Members, the Board may, by a Resolution of Directors, fix the emoluments of directors with respect to services to be rendered in any capacity to the Company.

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**Linkers Industries Limited**

44. RESIGNATION OF DIRECTORS

A director may resign his office by giving written notice of his resignation to the Company and the resignation shall have effect from the date the notice is received by the Company or from such later date as may be specified in the notice.

45. DIRECTORS TO MANAGE BUSINESS

45.1. The business and affairs of the Company shall be managed by, or under the direction or supervision of,
the Board.

45.2. The Board has all the powers necessary for managing, and for directing and supervising, the business and
affairs of the Company.

45.3. The Board
may authorise the payment of all expenses incurred preliminary to and in connection with the formation and registration of the Company
and may exercise all such powers of the Company as are not by the Act or by the Memorandum or these Articles required to be exercised
by the Members of the Company, subject to any delegation of such powers as may be authorised by these Articles and to such requirements
as may be prescribed by a Resolution of Members; but no requirement made by a Resolution of Members shall prevail if it is inconsistent
with these Articles nor shall such requirement invalidate any prior act of the Board which would have been valid if such requirement had
not been made.

45.4. The directors may by Resolution of Directors exercise all the powers of the Company to incur indebtedness,
liabilities or obligations and to secure indebtedness, liabilities or obligations whether of the Company or of any third party.

45.5. Subject to the provisions of the Act, all cheques, promissory notes, drafts, bills of exchange and other
negotiable instruments and all receipts for moneys paid to the Company, shall be signed, drawn, accepted, endorsed or otherwise executed,
as the case may be, in such manner as shall from time to time be determined by Resolution of Directors.

46. COMMITTEES OF DIRECTORS

46.1. The Board may, by a Resolution of Directors, designate one or more committees of directors (including,
without limitation, the Audit Committee), each consisting of one or more directors or other person(s) as it thinks fit, and they may,
from time to time, revoke such delegation or revoke the appointment of and discharge any such committees either wholly or in part, and
either as to persons or purposes. Any committee so formed shall, in the exercise of the powers, authorities and discretions so delegated,
conform to any regulations which may be imposed on it by the Board.

46.2. All acts done by any such committee in conformity with such regulations, and in fulfilment of the purposes
for which it was appointed, but not otherwise, shall have like force and effect as if done by the Board, and the Board (or if the Board
delegates such power, the committee) shall have power to remunerate the members of any such committee, and charge such remuneration to
the current expenses of the Company.

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**Linkers Industries Limited**

46.3. Each committee of directors has such powers and authorities of the Board, including the power and authority
to affix the Seal, as are set forth in these Articles or the Resolution of Directors establishing the committee, except that the Board
has no power to delegate the following powers to a committee of directors:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to amend the Memorandum or these Articles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to designate committees of directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) to delegate powers to a committee of directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) to appoint or remove directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) to appoint or remove an agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) to approve a plan of merger, consolidation or arrangement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) to make a declaration of solvency or approve a liquidation plan; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) to make a determination that the Company will, immediately after a proposed Distribution, meet the solvency test set out in the Act.

46.4. A committee of directors, where authorised by the Board, may appoint a sub-committee.

46.5. The meetings and proceedings of each committee of directors consisting of two or more directors shall
be governed mutatis mutandis by the provisions of these Articles regulating the proceedings of directors so far as the same are not superseded
by any provisions in the resolution establishing the committee.

46.6. Without prejudice to the freedom of the Directors to establish any other committees, for so long as the
shares of the Company (or depositary receipts therefor) are listed or quoted on the Designated Stock Exchange, the Board shall establish
and maintain an Audit Committee as a committee of the Board, the composition and responsibilities of which shall comply with the rules
of the Designated Stock Exchange and the rules and regulations of the SEC.

46.7. The Board shall adopt a formal written audit committee charter and review and assess the adequacy of the
formal written charter on an annual basis.

46.8. The Audit Committee shall meet at least once every financial quarter, or more frequently as circumstances
dictate.

46.9. For so long as the shares of the Company (or depositary receipts therefor) are listed or quoted on the
Designated Stock Exchange, the Company shall conduct an appropriate review of all related party transactions on an ongoing basis and shall
utilize the Audit Committee for the review and approval of potential conflicts of interest. Specially, the Audit Committee shall approve
any transaction or transactions between the Company and any of the following parties: (i) any shareholder owning
an interest in the voting power of the Company or any subsidiary of the Company that gives such shareholder significant influence over
the Company or any subsidiary of the Company, (ii) any director or executive officer of the Company or any subsidiary of the Company
and any relative of such director or executive officer, (iii) any person in which a substantial interest in the voting power is owned,
directly or indirectly, by any person described in (i) or (ii) or over which such a person is able to exercise significant influence,
and (iv) any affiliate (other than a subsidiary) of the Company.

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47. OFFICERS AND AGENTS

47.1. The Board may, by a Resolution of Directors, appoint any person, including a person who is a director,
to be an officer or agent of the Company. Such officers may consist of a chairman of the Board, a vice chairman of the Board, a president
and one or more vice presidents, secretaries and treasurers and such other officers as may from time to time be deemed desirable. Any
number of offices may be held by the same person.

47.2. Each officer or agent has such powers and authorities of the Board,
including the power and authority to affix the Seal, as are set forth in these Articles or the Resolution of Directors appointing the
officer or agent, except that no officer or agent has any power or authority with respect to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to amend the Memorandum or these Articles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to change the registered office or agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) to designate committees of directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) to delegate powers to a committee of directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) to appoint or remove directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) to appoint or remove an agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) to fix emoluments of directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) to approve a plan of merger, consolidation or arrangement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) to make a declaration of solvency or approve a liquidation plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) to make a determination that the Company will, immediately after a proposed distribution, meet the solvency test set out in the Act;
or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) to authorise the Company to continue as a company incorporated under the laws of a jurisdiction outside the British Virgin Islands.

48. REMOVAL OF OFFICERS AND AGENTS

The officers and agents of the Company shall hold office until their successors are duly elected and qualified, but any officer or agent elected or appointed by the Board may be removed at any time, with or without cause, by Resolution of Directors. Any vacancy occurring in any office of the Company may be filled by Resolution of Directors.

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**Linkers Industries Limited**

49. DUTIES OF OFFICERS

In the absence of any specific allocation of duties it shall be the responsibility of the chairman of the Board to preside at meetings of directors and Members, the vice chairman to act in the absence of the chairman, the president to manage the day to day affairs of the Company, the vice presidents to act in order of seniority in the absence of the president but otherwise to perform such duties as may be delegated to them by the president, the Secretary to maintain the register of members, register of directors, minute books, records (other than financial records) of the Company, and Seal and to ensure compliance with all procedural requirements imposed on the Company by applicable law, and the treasurer to be responsible for the financial affairs of the Company.

50. REMUNERATION OF OFFICERS

The emoluments of all officers shall be fixed by Resolution of Directors.

51. STANDARD OF CARE

A director, when exercising powers or performing duties as a director, shall exercise the care, diligence, and skill that a reasonable director would exercise in the same circumstances taking into account, but without limitation, (a) the nature of the Company, (b) the nature of the decision, and (c) the position of the director and the nature of the responsibilities undertaken by him.

52. CONFLICTS OF INTEREST

52.1. A director shall, forthwith after becoming aware of the fact that he is interested in a transaction entered
into or to be entered into by the Company, disclose the interest to the Board, unless the transaction or proposed transaction (a) is between
the director and the Company and (b) is to be entered into in the ordinary course of the Company's business and on usual terms and conditions.

52.2. A transaction entered into by the Company in respect of which a director is interested is voidable by
the Company unless the director complies with article 52.1 or (a) the material facts of the interest of the director in the transaction
are known by the Members entitled to vote at a meeting of Members and the transaction is approved or ratified by a Resolution of Members
or (b) the Company received fair value
for the transaction.

52.3. For the purposes of this article, a disclosure is not made to the Board unless it is made or brought to
the attention of every director on the Board.

52.4. A director who is interested in a transaction entered into or to be entered into by the Company may, subject
to any separate requirement for Audit Committee approval under applicable law or the listing rules of the Company's Designated Stock
Exchange, and unless disqualified by the chairman of the relevant Board meeting, vote on a matter relating to the transaction, attend
a meeting of directors at which a matter relating to the transaction arises and be included among the directors present at the meeting
for the purposes of a quorum and sign a document on behalf of the Company, or do any other
thing in his capacity as director that relates to the transaction.

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**Linkers Industries Limited**

52.5. Notwithstanding the foregoing, no "Independent Director" as defined in the rules of the Designated
Stock Exchange or in Rule 10A-3 under the Exchange Act, and with respect of whom the Board has determined constitutes an "Independent
Director" for purposes of compliance with applicable law or the Company's listing requirements, shall without the consent
of the Audit Committee take any actions that would reasonably be likely to affect such Director's status as an "Independent
Director" of the Company. Any such transaction that would reasonably be likely to affect a Director's status as an "Independent
Director", or that would constitute a "related party transaction" as defined by Item 7.N of Form 20F promulgated by
the SEC, shall require the approval of the Audit Committee.

53. INDEMNIFICATION AND EXCULPATION

53.1. Subject to
article 53.2 the Company shall indemnify against all expenses, including legal fees, and against all judgments, fines and amounts paid
in settlement and reasonably incurred in connection with legal, administrative or investigative proceedings any person who:

is or was a party or is threatened to be made a party to any threatened, pending or completed proceedings, whether civil, criminal, administrative or investigative, by reason of the fact that the person is or was a director, an officer or a liquidator of the Company; or

is or was, at the request of the Company, serving as a director, officer or liquidator of, or in any other capacity is or was acting for, another body corporate or a partnership, joint venture, trust or other enterprise.

53.2. Article 53.1 does not apply to a person referred to in that Article unless the person acted honestly and
in good faith and in what he believed to be the best interests of the Company and, in the case of criminal proceedings, the person had
no reasonable cause to believe that his conduct was unlawful.

53.3. The decision of the Board as to whether the person acted honestly and in good faith and in what he believed
to be the best interests of the Company and as to whether the person had no reasonable cause to believe that his conduct was unlawful
is, in the absence of fraud, sufficient for the purposes of these Articles, unless a question of law is involved.

53.4. The termination of any proceedings by any judgment, order, settlement, conviction or the entering of a *nolle prosequi* does not, by itself, create a presumption that the person did not act honestly and in good faith and with a view
to the best interests of the Company or that the person had reasonable cause to believe that his conduct was unlawful.

53.5. If a person referred to in this article has been successful in defence of any proceedings referred to
therein, the person is entitled to be indemnified against all expenses, including legal fees, and against all judgments, fines and amounts
paid in settlement and reasonably incurred by the person in connection with the proceedings.

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**Linkers Industries Limited**

53.6. Expenses, including legal fees, incurred by a director (or former director) in defending any legal, administrative
or investigative proceedings may be paid by the Company in advance of the final disposition of such proceedings upon receipt of an undertaking
by or on behalf of the director (or former director, as the case may be) to repay the amount if it shall ultimately be determined that
the director (or former director, as the case may be) is not entitled to be indemnified by the Company.

53.7. The indemnification and advancement of expenses provided by, or granted under, these Articles are not
exclusive of any other rights to which the person seeking indemnification or advancement of expenses may be entitled under any agreement,
Resolution of Members, resolution of disinterested directors or otherwise, both as to acting in the person's official capacity and as
to acting in another capacity while serving as a director of the Company.

53.8. The Company may purchase and maintain insurance in relation to any
person who is or was a director, an officer or a liquidator of the Company, or who at the request of the Company is or was serving as
a director, an officer or a liquidator of, or in any other capacity is or was acting for, another body corporate or a partnership, joint
venture, trust or other enterprise, against any liability asserted against the person and incurred by the person in that capacity, whether
or not the Company has or would have had the power to indemnify the person against the liability under article 53.1.

**MEETINGS OF THE BOARD OF DIRECTORS**

54. BOARD MEETINGS

The Board or any committee thereof may meet at such times and in such manner and places within or outside the British Virgin Islands as it may determine to be necessary or desirable. Any director or the Secretary of the Company may call a Board meeting.

55. NOTICE OF BOARD MEETINGS

A director shall be given reasonable notice of a Board meeting, but a Board meeting held without reasonable notice having been given to all directors shall be valid if all the directors entitled to vote at the meeting waive notice of the meeting, and for this purpose, the presence of a director at the meeting shall be deemed to constitute waiver on his part (except where a director attends a meeting for the express purpose of objecting to the transaction of business on the grounds that the meeting is not properly called). The inadvertent failure to give notice of a meeting to a director, or the fact that a director has not received the notice, does not invalidate the meeting.

56. PARTICIPATION IN MEETINGS BY TELEPHONE

A director shall be deemed to be present at a meeting of directors if he participates by telephone or other electronic means and all directors participating in the meeting are able to hear each other.

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**Linkers Industries Limited**

57. QUORUM AT BOARD MEETINGS

The quorum necessary for the transaction of business at a meeting of directors shall be two directors.

58. BOARD TO CONTINUE IN THE EVENT OF VACANCY

The continuing directors may act notwithstanding any vacancy in their body, save that if their number is reduced below the number fixed by or pursuant to these Articles as the necessary quorum for a Board meeting, the continuing directors or director may act only for the purpose of appointing directors to fill any vacancy that has arisen or summoning a meeting of Members.

59. CHAIRMAN TO PRESIDE

At every Board meeting the chairman of the Board shall preside as chairman of the meeting. If there is not a chairman of the Board or if the chairman of the Board is not present at the meeting, the vice chairman of the Board shall preside. If there is no vice chairman of the Board or if the vice chairman of the Board is not present at the meeting, the directors present shall choose one of their number to be chairman of the meeting.

60. POWERS OF SOLE DIRECTOR

If the Company shall have only one director the provisions herein contained for Board meetings shall not apply but such sole director shall have full power to represent and act for the Company in all matters as are not by the Act or the Memorandum or these Articles required to be exercised by the Members of the Company.

61. PROCEEDINGS IF ONE DIRECTOR

If the Company shall have only one director, in lieu of minutes of a meeting the director shall record in writing and sign a note or memorandum (or adopt a resolution in writing) concerning all matters requiring a Resolution of Directors and such note, memorandum or resolution in writing shall be kept in the minute book. Such a note, memorandum or resolution in writing shall constitute sufficient evidence of such resolution for all purposes.

**CORPORATE RECORDS**

62. DOCUMENTS TO BE KEPT

62.1. The Company shall keep the following documents at the office of its registered agent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Memorandum and these Articles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the register of members or a copy of the register of members;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the register of directors or a copy of the register of directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the register of charges or a copy of the register of charges;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) copies of all notices and other documents filed by the Company in the previous ten years.

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**Linkers Industries Limited**

62.2. Where the Company keeps a copy of its register of members or register of directors at the office of its
registered agent, it shall within 15 days of any change in the register, notify the registered agent, in writing, of the change, and it
shall provide the registered agent with a written record of the physical address of the place or places at which the original register
of members or the original register of directors is kept.

62.3. Where the place at which the original register of members or the original register of directors is changed,
the Company shall provide the registered agent with the physical address of the new location of the records within 14 days of the change
of location.

62.4. The Company shall keep the following records at the office of its registered agent or at such other place
or places, within or outside the British Virgin Islands, as the Board may determine:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the minutes of meetings and Resolutions of Members and of classes
of Members; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the minutes of meetings and Resolutions of Directors and committees of directors.

62.5. Where any of the minutes or resolutions described in the previous article are kept at a place other than
at the office of the Company's registered agent, the Company shall provide the registered agent with a written record of the physical
address of the place or places at which the records are kept.

62.6. Where the place at which any of the records described in article 62.4 is changed, the Company shall provide
the registered agent with the physical address of the new location of the records within 14 days of the change of location.

62.7. The Company's records shall be kept in written form or either wholly or partly as electronic records.

63. FORM AND USE OF SEAL

The Board shall provide for the safe custody of the Seal. An imprint thereof shall be kept at the office of the registered agent of the Company. The Seal when affixed to any written instrument shall be witnessed by any one director, the Secretary or Assistant Secretary, or by any person or persons so authorised from time to time by Resolution of Directors.

**ACCOUNTS**

64. BOOKS OF ACCOUNT

The Company shall keep records and underlying documentation that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) are sufficient to show and explain the Company's transactions; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) will, at any time, enable the financial position of the Company to be determined with reasonable accuracy.

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**Linkers Industries Limited**

65. FORM OF RECORDS

65.1. The records required to be kept by the Company under the Act, the Mutual Legal Assistance (Tax Matters
Act), 2003, the Memorandum or these Articles shall be kept in written form or either wholly or partly as electronic records complying
with the requirements of the Electronic Transactions Act (British Virgin Islands).

65.2. The records and underlying documentation shall be kept for a period of at least five years from the date
of completion of the relevant transaction or the company terminates the business relationship to which the records and underlying documentation
relate.

66. FINANCIAL STATEMENTS

66.1. If required by a Resolution of Members,
the Board shall cause to be made out and served on the Members or laid before a meeting of Members a profit and loss account and balance
sheet of the Company for such period and on such recurring basis as the Members think fit.

66.2. The Company's profit and loss account and balance sheet shall be drawn up so as to give respectively a
true and fair view of the profit or loss of the Company for that financial period, and a true and fair view of the state of affairs of
the Company as at the end of that financial period.

67. DISTRIBUTION OF ACCOUNTS

A copy of such profit and loss account and balance sheet shall be served on every Member in the manner and with similar notice to that prescribed herein for calling a meeting of Members or upon such shorter notice as the Members may agree to accept.

**AUDITS**

68. AUDIT

Subject to applicable law and rules of the Designated Stock Exchange, the accounts of the Company shall be audited at least once in every year.

69. APPOINTMENT OF AUDITOR

69.1. Subject to applicable law and rules of the Designated Stock Exchange, the Board may appoint an Auditor,
who shall hold office until removed from office by a Resolution of Directors, to audit the accounts of the Company. Such Auditor may be
a Member but no Director or officer or employee of the Company shall, during his continuance in office, be eligible to act as an Auditor
of the Company.

69.2. If the office of Auditor becomes vacant by the resignation or death of the Auditor, or by his becoming
incapable of acting by reason of illness or other disability at a time when his services are required, the Directors shall fill the vacancy
and determine the remuneration of such Auditor.

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**Linkers Industries Limited**

70. REMUNERATION OF AUDITOR

The remuneration of the Auditor shall be determined by the Audit Committee or, in the absence of such an Audit Committee, by the Board.

71. DUTIES OF AUDITOR

The statement of income and expenditure and the balance sheet of the Company required to be served on every Member of the Company or laid before a meeting of the Members of the Company shall be examined by the Auditor and compared by him with the books, accounts and vouchers relating thereto; and he shall make a written report thereon stating whether such statement and balance sheet are drawn up so as to give a true and fair view respectively of the profit and loss for the period covered by the accounts, and of the state of affairs of the Company at the end of that period and all the information and explanations required by the Auditor have been obtained and, in case information shall have been called for from Directors or officers of the Company, whether the same has been furnished and has been satisfactory. The financial statements of the Company shall be audited by the Auditor in accordance with generally accepted auditing standards. The Auditor shall make a written report thereon in accordance with generally accepted auditing standards and the report of the Auditor shall be submitted to the Audit Committee. The generally accepted auditing standards referred to herein may be those of a country or jurisdiction other than the British Virgin Islands. If so, the financial statements and the report of the Auditor should disclose this fact and name such country or jurisdiction.

72. ACCESS TO RECORDS

The Auditor shall at all reasonable times have access to all books kept by the Company and to all accounts and vouchers relating thereto; and he may call on the Directors or officers of the Company for any information in their possession relating to the books or affairs of the Company.

73. AUDITOR ENTITLED TO NOTICE

The Auditor of the Company shall be entitled to receive notice of, and to attend any meetings of Members of the Company at which the Company's profit and loss account and balance sheet are to be presented.

**VOLUNTARY LIQUIDATION**

74. LIQUIDATION

The Company may be liquidated in accordance with the Act only if (a) it has no liabilities; or (b) it is able to pay its debts as they fall due and the value of its assets equals or exceeds its liabilities. The Board shall be permitted to pass a Resolution of Directors for the appointment of an eligible individual as a voluntary liquidator (or two or more eligible individuals as joint voluntary liquidators) of the Company if the Members have, by a Resolution of Members, approved the liquidation plan in accordance with the Act.

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**Linkers Industries Limited**

**FUNDAMENTAL CHANGES**

75. CHANGES

Notwithstanding section 175 of the Act, the Board may sell, transfer, lease, exchange or otherwise dispose of the assets of the Company without the sale, transfer, lease, exchange or other disposition being authorised by a Resolution of Members.

76. CONTINUATION UNDER FOREIGN LAW

The Company may by Resolution of Members or by Resolution of Directors continue as a company incorporated under the laws of a jurisdiction outside the British Virgin Islands in the manner provided under those laws.

We, **OVERSEAS MANAGEMENT COMPANY TRUST (B.V.I.) LTD.**, of OMC Chambers, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands for the purpose of incorporating a BVI Business Company under the laws of the British Virgin Islands hereby sign these Articles of Association on the 8th day of December, 2022:

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| |
|:---|
| Incorporator |
| SIGNED Sandra Vasquez |
| Sandra Vasquez<br> Authorised Signatory |
| **OVERSEAS MANAGEMENT COMPANY TRUST (B.V.I.) LTD.** |

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