Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 92

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 6
Chunk 92
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 the director or for
purposes including the removal of the director or by a written resolution passed by at least seventy five per cent of the shareholders
entitled to vote; or (b) the affirmative vote of two-thirds (2/3) of the directors then in office.

  55  

Term
of Directors

Each
director will hold office for such term as may be fixed by shareholders or resolution of the directors appointing him, or until his earlier
death, resignation or removal. If no term is fixed on the appointment of a director, the director serves indefinitely until his earlier
death, resignation or removal. A director shall resign forthwith as a director if he is, or becomes, disqualified from acting as a director.

Committees
of the Board of Directors

There
are three standing committees of the Company’s Board: the audit committee, the compensation committee, and the nominating and corporate
governance committee. The composition of each committee is described below:

  Audit                                                                 

  Compensation                                                              

  Nominating                                                                                      

The
members of each committee are all “independent” under Nasdaq’s listing standards. Chih-Hsiang Tang will also be a “financial
expert” under the listing requirements of Nasdaq.

The
audit committee, which is established in accordance with Section 3(a)(58)(A) of the Exchange Act, will engage the Company’s independent
accountants and review their independence and performance; review the Company’s accounting and financial reporting processes and
the integrity of its financial statements; review the audits of the Company’s financial statements and the appointment, compensation,
qualifications, independence and performance of its independent auditors; review the Company’s compliance with legal and regulatory
requirements; and review the performance of the Company’s internal audit function and internal control over financial reporting.

The
compensation committee will review annually the Company’s corporate goals and objectives relevant to the officers’ compensation,
will evaluate the performance of officers in light of such goals and objectives, will determine and approve the compensation level of
officers based on this evaluation; will make recommendations to the Company’s Board regarding approval, disapproval, modification
or termination of existing or proposed employee benefit plans, will make recommendations to the Company’s Board with respect to
non-CEO and non-CFO compensation and will administer the Company’s incentive-compensation plans and equity-based plans. The compensation
committee will have the authority to delegate any of its responsibilities to subcommittees as it may deem appropriate in its sole