Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 43

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 3
Chunk 43
---
 fiduciary responsibilities of the Company’s directors under BVI law are not as clearly established as they
would be under statutes or judicial precedent in some jurisdictions in the United States. In particular, the BVI has a less developed
body of securities laws than the United States and provides significantly less protection to investors. In addition, some U. S. states,
such as Delaware, have more fully developed and judicially interpreted bodies of corporate law than the BVI.

Shareholders
of BVI business companies such as the Company have limited rights under BVI law to inspect corporate documents and records. A shareholder
is entitled upon written notice to inspect, and to make copies of or take extract of, the following: (i) the memorandum and articles
of association; (ii) the register of members (i. e., the share register); (iii) the register of directors; and (iv) minutes of shareholder
meetings and resolutions of shareholders and any class meetings for classes of shares held by that shareholder. the Company’s directors
have a discretion under BVI law, if they are satisfied that it would be contrary to MKD’s interests to allow a shareholder to inspect
any document, or part of a document, referred to in (ii) - (iv) above, to refuse to permit a shareholder to inspect the document or limit
the inspection of the document, including limiting making copies o taking extracts from the records. This may make it more difficult
for you to obtain the information needed to establish any facts necessary for a shareholder motion or to solicit proxies from other shareholders
in connection with a proxy contest.

As
a result of all of the above, the Company’s public shareholders may have more difficulty in protecting their interests in the face
of actions taken by management, members of the board of directors or controlling shareholders than they would as public shareholders
of a U. S. company. Therefore, you may not be able to effectively enjoy the protection offered by the U. S. laws and regulations that intend
to protect public investors.

BVI
companies may not have standing to initiate a derivative action in a federal court of the United States. As a result, your ability to
protect your interests if you are harmed in a manner that would otherwise enable you to sue in a United States federal court may be limited
to direct shareholder lawsuits.

Because
the Company is incorporated under the laws of the BVI, it may be more difficult for its shareholders to enforce judgments against the
Company than it would if they