ModuLink Inc.

ModuLink Inc. reported a substantial decline in its first quarter 2026 financial performance, with revenues dropping by 64.6% to $151,840 and net loss slightly increasing to $(208,865). The company's gross profit also fell sharply by 67.5%. Furthermore, ModuLink highlighted significant legal and operational risks associated with its holding company structure and operations in Hong Kong, including potential impacts from PRC government regulations and the Holding Foreign Companies Accountable Act, which could lead to delisting. The company does not foresee paying dividends in the near future.

ModuLink Inc. announced the initial closing of a private placement offering, raising approximately $300,000 from the sale of 3,750 shares of its Series A Convertible Preferred Stock to three investors. The company plans to offer up to 12,500 shares at $80.00 each, with each share convertible into 20,000 common shares. The capital raised will be used for the integration of ASA Robotics Limited, expansion of healthcare and robotics operations, and general corporate purposes.

ModuLink Inc. announced the appointment of Dr. Henry Wah Shing Lam as its Chief Technology Officer, effective May 1, 2026. Dr. Lam, 31, is the founder and CEO of ASA Robotics Limited, a company recently acquired by ModuLink, known for its AI-driven automation solutions. In his new role, Dr. Lam will be responsible for defining and executing ModuLink's group-wide technology strategy, overseeing innovation, and driving digital transformation across all subsidiaries and business units. This strategic move aims to strengthen ModuLink's technology leadership and innovation capabilities, leveraging Dr. Lam's expertise in robotics, automation, and artificial intelligence.

ModuLink Inc., through its wholly-owned subsidiary ModuLink InnoTech Limited, completed the acquisition of a 60% equity interest in ASA Robotics Limited, a Hong Kong-based robotics and artificial intelligence solutions company. The transaction involved issuing 6,500 shares of ModuLink's Series A Convertible Preferred Stock, valued at approximately USD 641,026. ASA Robotics will now be a majority-owned subsidiary and consolidated into ModuLink's financial statements, expanding its presence in the robotics and AI sector.