Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 97

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 7
Chunk 97
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297,011      0.2  
  Chung-Yi                                                                    13,159,062      9.1  
  Jung-Te                                                                              —        —  
  Other                                                                                            
  AWinner                                                                     13,159,062      9.1  
  Greenmin Limited (2)                                                        10,000,000      7.0  
  Hejing Holding Limited (3)                                                  11,740,000      8.2  
  HMInvest Limited and affiliated persons (4)                                 11,040,424      7.7  
  Jingyi Capital Limited and affiliated persons (5)                           11,998,194      8.4  
  Xinghe Limited (6)                                                          11,740,000      8.2  
  Xufeng Holdings Limited (7)                                                 11,499,178      8.0  
  Yimo Capital Limited (8)                                                    11,740,000      8.2  
  Zeafus Limited (9)                                                          11,540,000      8.0  

  (1)      Representing                                                                                                                             
  (2)      The                                                                                                                                      
  (3)      The                                                                                                                                      
  (4)      HMInvest                                                                                                                                 
  (5)      Jingyi                                                                                                                                   
  (6)      The                                                                                                                                      
  (7)      Xufeng                                                                                                                                   
  (8)      The                                                                                                                                      
  (9)      The                                                                                                                                      

  59  

B.
Related Party Transactions

Related
party transactions of MKD

The
Company has identified Mr. Ming-Chia Huang, Ms. Min-Jie Cui, Mr. Ming-Chao Huang, Mr. Chih-Hsiang Tang, Mr. Chung-Yi Sun and Mr. Jung-Te
Chang, its directors and officers, as related parties of the Company. After the completion of the Business Combination, Cetus Sponsor LLC and AWinner Limited have been identified as related
parties of the Company.

During the year ended December
31, 2022, MKD Taiwan entered into certain loan arrangements with Ming-Chia Huang who provided loans to MKD Taiwan with annual interest
rate at 3.5%. In May 2022, Ming-Chia Huang converted the US$336,022 loan balance in exchange for 1,000,000 ordinary shares of MKD Taiwan,
with the remaining balance due on December 2023. MKD Taiwan also