Company: MKDWW
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001641172-25-002610
Chunk: 18

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: F-1
Chunk 18
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 is $1,916,287.86.

Amendment to Amended and Restated Memorandum and Articles of Association

On
March 5, 2025, the Board of Directors of the Company approved an amendment to the Amended and Restated Memorandum and Articles of Association
of the Company by reference to increase Company’s number of authorized shares to an unlimited amount of shares with US$0.0001 par value
each divided into six classes of shares. This amendment was filed with (and stamped by the BVI Registrar of Corporate Affairs) on March
14, 2025.

Private Placement

On March 6, 2025, the Company entered into a securities purchase agreement with 10 non-U.S. investors pursuant to which the Company agreed to issue and sell in a private placement offering an aggregate of 100,000,000 ordinary shares at a purchase price per share of $0.10, for gross proceeds of $10,000,000, of which proceeds will be used for working capital and other general corporate purposes. Pursuant to such purchase agreement, within 45 days of the date of the purchase agreement, the Company will file a registration statement on Form F-1 with the SEC to register the shares sold. The Company will use commercially reasonable efforts to cause the Registration Statement to become effective within 90 days following its filing with the SEC, or, in the event of a “full review” by the SEC, within 120 days following its filing.

Debt Conversion Agreement

On March 19, 2025, the Company entered into 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 owed to Mr. Ming-Chia Huang will be converted into 8,231,000
ordinary shares of par value $0.0001 each in the Company, which will be redesignated into 8,231,000 Class A Preferred Shares of par value
$0.0001 in the Company (each having the right to (among other things) 100 votes per share at a meeting of the shareholders of the Company
or on any