ModuLink Inc. (MDLK) Provides Update on ASA Acquisition and Strategic Alignment (Form 8-K)

ModuLink Inc. (MDLK) Provides Update on ASA Acquisition and Strategic Alignment

OTC Disclosure & News Service | 02/27/2026

ModuLink Inc. (OTC: MDLK) ("ModuLink" or the "Company") today provided an update further to its announcements dated January 26 and February 12, 2026 regarding its proposed acquisition of a 60% equity interest in Asa Robotics Limited ("ASA"), a Hong Kong-based robotics and intelligent automation company.

As previously disclosed, the Company had anticipated completing the acquisition on or before February 28, 2026. The parties have now mutually agreed to extend the expected completion date to allow additional time to finalize certain capital restructuring matters relating to ASA's share capital and to ensure an optimal governance framework and long-term strategic alignment. The parties are currently finalizing documentation reflecting these arrangements. As a result, the anticipated closing date may occur later than originally expected.

The Company believes that completing these steps prior to closing will strengthen ASA's shareholder structure and position it for accelerated innovation and commercialization. The participation of an institutional and technology-focused minority investor is expected to enhance strategic collaboration and provide additional support to ModuLink's growth initiatives, while preserving its majority ownership and operational control.

ModuLink remains fully committed to consummating the transaction as soon as practicable and expects to provide a further update upon completion of the acquisition.