v3.26.1
SUBSIDIARIES (Tables)
3 Months Ended
Mar. 31, 2026
Schedule of Investments [Abstract]  
Schedule of principal consolidated subsidiaries
         
    Place of  

Ownership/Control

interest attributable

to the Company

   
Name   Incorporation   March 31, 2026   December 31, 2025   Principal activities
ModuLink Investment Limited (“MIL”) (i)   British Virgin Islands   100%   100%   Holding company
ModuLink Corporation Limited (“MCL”) (ii)   Hong Kong   100%   100%   Holding company and provision of intergroup management services
Zenith Integrated Modular Limited (“ZIML”) (iii)   Hong Kong   100%   100%   Provision of construction and engineering services
Zenith AY Modular Buildings Company Limited (“ZAMBCL”) (iv)   Hong Kong   100%   100%   Provision of project management services in overseas (vi)
ModuLink InnoTech Limited (“MITL”) (v)   Hong Kong   100%   100%   Provision of technology management services
ModuLink Innotech Pty Limited (“MIPL”) (vii)   Australia   80%   80%   Provision of AI healthcare and smart living solutions

 

Remarks:

i) ModuLink Investment Limited was incorporated on March 13, 2025 in the British Virgin Islands.
   
ii) ModuLink Corporation Limited was incorporated on June 26, 2024 in Hong Kong.
   
iii) ZIML was incorporated on August 13, 2021, as a wholly owned subsidiary of a Hong Kong limited company, which was beneficially held by Anthony Hin Wah TAM (“Mr. TAM”), a major shareholder, director and chairman of the Company. On August 1, 2024, a share swap agreement was executed among ZIML, MCL, the Hong Kong entity held by Mr. TAM, and two other major shareholders of MIL. Pursuant to this agreement, Mr. TAM exchanged his entire ultimate shareholding in ZIML for a 50% equity interest in MCL prior to private placements to other shareholders. After the transaction, ZIML became the wholly-owned subsidiary of MCL.
   
iv) ZAMBCL was incorporated on March 4, 2024, and was jointly owned by a Hong Kong company, which was beneficially held by Sai Kit AU-YEUNG (“Mr. AU-YEUNG”) (70%) and ZIML (30%). Mr. AU-YEUNG is also a major shareholder, director and chief financial officer of the Company. On August 1, 2024, a share swap agreement was signed among ZAMBCL, MCL, ZIML, Mr. AU YEUNG and his company. Pursuant to this agreement, Mr. AU-YEUNG transferred his 70% shareholding in ZAMBCL in exchange for a 25% equity interest in MCL prior to private placements to other shareholders. After the transaction, ZAMBCL became the wholly-owned subsidiary of ZIML.
   
v) MITL was incorporated on December 17, 2021, and was jointly owned a Hong Kong limited company, which was beneficially held by Wah FU (“Mr. FU”) (40%) and ZIML (60%). Mr. FU is a major shareholder, director and chief executive officer of the Company. On August 1, 2024, a share swap agreement was executed among MITL, MCL, ZIML, Mr. FU and his company. Pursuant to this agreement, Mr. FU exchanged his 40% shareholding in MITL for a 25% equity interest in MCL prior to private placements to other shareholders. After the transaction, MITL became the wholly-owned subsidiary of ZIML.
   
vi) ZAMBCL has not commenced business during the three months ended March 31, 2026.
   
vii) MIPL was incorporated on September 15, 2025 and has not commenced business during the three months ended March 31, 2026.