Company: MKDWW
Filing Date: 2025-03-13
Form Type: 424B4
Source: 0001493152-25-010187
Chunk: 97

Company: MKDWELL Tech Inc.
Filing Date: 2025-03-13
Form: 424B4
Chunk 97
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 terms of our key supply agreements are as follows:

| Scope      | Supply                                                        
 of active components, passive components and structural parts |
| Payment    
 terms      | Monthly                                                       
 settlement of 30 days and bank acceptance                     |
| Warranties | One                                                           
 year                                                          |
| Supply     | Production                                                    
 based on purchase orders                                      |

RESEARCH AND DEVELOPMENT

We have a dedicated research and development team responsible for the design and development of our products. For the years ended December 31, 2024, 2023, 2022 and 2021, our research and development expenses were mainly incurred for the salaries of R&D personnel, as well as direct materials and expenditure used for product research and development, particularly for new product development.

INTELLECTUAL PROPERTY

MKD seeks to protect its intellectual properties through a combination of patents, copyrights, trademarks, trade secrets and confidentiality agreements. We intend to protect our intellectual properties vigorously, but there can be no assurance that our efforts will be successful. Even if our efforts are successful, we may incur significant costs in defending our rights. From time to time, third parties may initiate litigation against us alleging infringement of their proprietary rights or declaring their non-infringement of our intellectual property rights. See “ Risk Factors—MKD may be subject to claims of infringement of third-party intellectual property rights or demands that MKD license third-party technology, which could result in significant expense and reduction in the MKD’s intellectual property rights.”

EMPLOYEES

We had 88 full-time employees as of December 31, 2024. The following table sets forth the number of our full-time employees categorized by function as of December 31, 2024:

|                                  |     | As of December 31, 2024 |    |
|:---------------------------------|:----|:------------------------|---:|
| Function                         |     | Number of employees     |    |
| Management                       |     |                         | 26 |
| Marketing department             |     |                         |  7 |
| Technical Engineering department |     |                         | 12 |
| Quality Assurance department     |     |                         |  6 |
| Manufacturing department         |     |                         | 27 |
| R&D department                   |     |                         | 10 |
| Total                            |     |                         | 88 |

| 64 |

PROPERTIES

Our corporate headquarters is located at 1 stFloor, No. 6-2, Duxing Road, East District