Company: MKDWW
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001641172-25-002610
Chunk: 108

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: F-1
Chunk 108
---
PMENT

We have a dedicated research and development team responsible for the design and development of our products. For the years ended December 31, 2024 and 2023, 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 |

PROPERTIES

Our corporate headquarters is located at 1 stFloor, No. 6-2, Duxing Road, East District, Hsinchu Science Park, Hsinchu City, Taiwan. We also have a separate manufacturing facility at No. 3561 Linggongtang Road, Daqiao Town, Nanhu District, Jiaxing City, Zhejiang Province, PRC. We believe our properties are sufficient for our current needs and that, should it be needed, suitable additional space will be available on commercially reasonable terms to accommodate