Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 2

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 3
Chunk 2
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 upward price pressures. The automotive industry is subject to similar natural resource unpredictability
in other countries. As such, MKD’s pricing and profitability models may need to be adjusted in reaction to these outside pressures.

The
automotive industry and its technology are rapidly evolving and may be subject to unforeseen changes which could adversely affect the
demand for MKD’s technology or increase MKD’s operating costs.

MKD
may be unable to keep up with changes in vehicle technology and, as a result, MKD’s competitiveness may suffer. Developments in
technologies, such as vehicle control systems, fatigue identification systems, wireless charging, among other technologies, may materially
and adversely affect MKD’s business and prospects in ways not currently anticipated. Existing and other technologies may emerge
as customers’ preferred alternative to MKD’s products. Any failure by MKD to develop new or enhanced technologies or processes,
or to react to changes in existing technologies, could materially delay MKD’s development and introduction of new and enhanced
technologies, which could result in the loss of competitiveness of MKD’s technologies, decreased revenue, and a loss of market
share to competitors. MKD’s research and development efforts may not be sufficient to adapt to changes in vehicle technologies.
MKD’s vehicle technologies may not compete effectively with others in the industry if it is not able to source and integrate the
latest technology into MKD’s products. Additionally, the introduction and integration of new technologies into MKD’s products
may increase MKD’s costs and capital expenditures required for the production and manufacture of technologies and, if MKD is unable
to cost efficiently implement such technologies or adjust MKD’s manufacturing operations, MKD’s business, prospects, financial
condition, results of operations, and cash flows would be materially and adversely affected.\

   2  

The
discontinuation of, the loss of business with respect to or a lack of commercial success of a particular vehicle model for which MKD
is a significant supplier could reduce MKD’s sales and harm MKD’s profitability, thereby making it more difficult for us
to continue to grow and achieve MKD’s business goals.

The
discontinuation of, the loss of business with respect to or a lack of commercial success of a particular vehicle model for which MKD
is a significant supplier could reduce MKD’s sales and harm MKD’s profitability, thereby making it more difficult to grow
MKD’s business and achieve MKD’s business goals.

Adverse
developments affecting one