Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 93

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 6
Chunk 93
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 discretion.
The Company’s chief executive officer of may not be present during voting or deliberations of the compensation committee with respect
to his compensation. The Company’s executive officers will not play a role in suggesting their own salaries. Neither the Company
nor the compensation committee has engaged any compensation consultant who has a role in determining or recommending the amount or form
of executive or director compensation.

The
nominating and corporate governance committee will be responsible for overseeing the selection of persons to be nominated to serve on
the Company’s Board. Specifically, the nominating and corporate governance committee will make recommendations to the Company’s
Board regarding the size and composition of the Company’s Board, will establish procedures for the director nomination process
and will screen and recommend candidates for election to the Company’s Board. On an annual basis, the nominating and corporate
governance committee will recommend for approval by the Company’s Board certain desired qualifications and characteristics for
board membership. Additionally, the nominating and corporate governance committee will establish and administer a periodic assessment
procedure relating to the performance of the Company’s Board as a whole and its individual members. The nominating and corporate
governance committee will consider a number of qualifications relating to management and leadership experience, background and integrity
and professionalism in evaluating a person’s candidacy for membership on the Company’s Board. The nominating and corporate
governance committee may require certain skills or attributes, such as financial or accounting experience, to meet specific board needs
that arise from time to time and will also consider the overall experience and makeup of its members to obtain a broad and diverse mix
of board members. The nominating and corporate governance committee will not distinguish among nominees recommended by shareholders and
other persons.

  56  

Code
of Business Conduct and Ethics

The
Company has adopted a Code of Business Conduct and Ethics upon the completion of the Business Combination applicable to its directors,
officers and employees. The Company seeks to conduct business ethically, honestly, and in compliance with all applicable laws and regulations.
The Company’s Code of Business Conduct and Ethics sets out the principles designed to guide the Company’s business practices  -  compliance,
integrity, respect and dedication. The code applies to all directors, officers and employees.

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country practice in lieu of certain Nasdaq corporate governance requirements

The
Company has informed Nasdaq that it intends to follow certain BVI corporate governance practices in lieu of certain requirements of the
Rule 5200 Series and 5600 Series of