Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 173

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 19
Chunk 173
---
270  
                                      2028                   1,179,362  
                                      2029                   1,271,550  
                                Thereafter                   8,229,046  
                                     Total      $           14,217,386  

The Group evaluates each uncertain tax position
(including the potential application of interest and penalties) based on the technical merits, and measure the unrecognized benefits associated
with the tax positions. As of December 31, 2023 and 2024, the Group did not have any unrecognized uncertain tax positions and the Group
does not believe that its unrecognized tax benefits will change over the next twelve months. For the years ended December 31, 2023 and
2024, the Company did not incur any interest and penalties related to potential underpaid income tax expenses.

As of December 31, 2024, the tax years ended
December 31, 2018 through 2024 for the Group’s subsidiaries in the PRC are generally subject to examination by the PRC tax authorities.
As of December 31, 2024, the tax years ended December 31, 2018 through 2024 for the Group’s subsidiary in the Taiwan is generally
subject to examination by the Taiwan tax authorities.

MKDWELL
TECH INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

(In
U. S. dollars, except share and per share data)

19. RELATED PARTY TRANSACTIONS

  (a)      Related  
           parties  
 ────────────────────

The
following is a list of related parties which the Company has transactions with:

SCHEDULE
OF RELATED PARTIES

  No.      Name                    Relationship                                                                          
           of Related Parties                                                                                            
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
    1      Ming-Chia               Chief                                                                                 
    2      Ming-Chao               Director                                                                              
    3      Cetus                   Shareholder                                                                           
    4      AWinner                 Affiliates                                                                            
    5      MKDWELL                 No                                                                                    

  (b)      Amounts               
           from related parties  
 ─────────────────────────────────

Amounts
due from related parties consisted of the following for the periods indicated:

                                                                     As of December 31,                                     
                                                                     2023                                2024               
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Related parties        Nature