Company: MKDWW
Filing Date: 2025-02-21
Form Type: F-1/A
Source: 0001493152-25-007784
Chunk: 143

Company: MKDWELL Tech Inc.
Filing Date: 2025-02-21
Form: F-1/A
Chunk 143
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 the Public Rights                                          |     |                  |    958,333 |   |
| Cetus Capital shares held by D. Boral Capital LLC                                                     |     |                  |     57,500 |   |
| Shares issued to D. Boral Capital LLC as satisfaction of the Deferred Underwriting Commission         |     |                  |    115,000 |   |
| Shares issued to MKD BVI’s shareholders in Business Combination                                       |     |                  | 13,855,239 |   |
| Weighted average shares outstanding                                                                   |     |                  | 16,788,342 |   |
| Percent of shares owned by existing public holders of Cetus Capital share (including D. Boral Capital 
 LLC)                                                                                                  |     |                  |        6.9 | % |
| Percent of shares owned by Cetus Sponsor LLC                                                          |     |                  |       10.6 | % |
| Percent of shares owned by existing holders of MKD BVI’s share                                        |     |                  |       82.5 | % |

*30,083 shares derive from the 2,058,934 shares outstanding as of June 30, 2024 minus 2,028,851 shares which were redeemed on July 29, 2024.

| 95 |

<div align='center'>CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS</div>

Related party transactions of MKD

The Company has identified Mr. Ming-Chia Huang, Ms. Min-Jie Cui, Mr. Ming-Chao Huang, Mr. Chih-Hsiang Tang, Mr. Chung-Yi Sun and Mr. Jung-Te Chang, its directors and officers, as related parties of the Company.

During the years ended December 31, 2021 and 2022, MKD Taiwan entered into certain loan arrangements with Ming-Chia Huang who provided loans to MKD Taiwan with annual interest rate at 3.5%. In May 2022, Ming-Chia Huang converted the US$336,022 loan balance in exchange for 1,000,000 ordinary shares of MKD Taiwan, with the remaining balance due on December 2023. As at December 31, 2022, the remaining balance owing to Ming-Chia Huang was US$48,812. During the years ended December 31, 2021 and 2022, MKD Taiwan continuously entered into certain loan arrangements with Ming-Chao Huang who provided loans to MKD Taiwan with annual interest