Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 178

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 19
Chunk 178
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 three separate debt conversion agreements (the “ Debt Conversion Agreements”) with
three creditors of the Company, being Mr. Ming-Chia Huang, a director and the chief executive officer of the Company, Ms. Ya-Hui Wu,
the spouse of Mr. Huang, and AWinner Limited, which is controlled by Mr. Chung-Yi Sun, a director of the Company, to convert such debts
owed into equity of the Company. Among these, (i) an amount of $ 823,100 8,231,000 8,231,000 550,000 5,500,000 1,110,000 11,100,000

The
shares to be issued have not been registered under the Securities Act of 1933, as amended (the “ Securities Act”) and were
offered pursuant to the exemption provided in Rule 903 of Regulation S under the Securities Act of the Securities Act because all of
the investors were non-U. S. Persons.

The
Company has evaluated subsequent events through the date of issuance of the consolidated financial statements and does not identify any
other events that would have material financial impact on the Company’s consolidated financial statements.