Company: MKDWW
Filing Date: 2025-02-21
Form Type: F-1/A
Source: 0001493152-25-007784
Chunk: 178

Company: MKDWELL Tech Inc.
Filing Date: 2025-02-21
Form: F-1/A
Chunk 178
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476ordinary shares to MKD Taiwan’s former shareholders in exchange for their MKD Taiwan shares on one-to-one basis at a price of US$ 0.33per share and a total consideration of US$ 5.6million, which equals to the amount of capital injection to MKD BVI from these former shareholders.

In execution of the business combination agreement with Cetus Capital, the Company acquired 42% equity interests of MKD Jiaxing from Ming-Chao Huang at US$ 1,627,729in July 2023. Subsequently, Ming-Chao Huang injected the same amount of US$ 1,627,729to MKD BVI in August 2023 and acquired 4,932,512ordinary shares of the Company.

In August 2023, the Company issued totaled 2,500,001ordinary shares to certain new investors at a price ranging from US$ 0.33to US$ 0.35per share, for a total consideration of US$ 882,000.

As of June 30, 2024, the authorized number of ordinary shares was 50,000,000shares without par value, and the Company’s total issued and outstanding ordinary shares were 24,443,989.

14. TAXATION

The current and deferred components of the income tax provision which are substantially attributable to the Company’s subsidiaries in PRC and Taiwan. As of December 31, 2023 and June 30, 2024, The Company have recorded a valuation allowance totaling US$ 3.14million and US$ 3.35million, respectively.

The effective tax rate is based on expected income and statutory tax rates. For interim financial reporting, the Company estimates the annual tax rate based on projected taxable income for the full year and records an interim income tax provision in accordance with guidance on accounting for income taxes in an interim period. As the year progresses, the Company refines the estimates of the year’s taxable income as new information becomes available. The Company’s effective tax rates for the six months ended June 30, 2024 and 2023 were 0%.

15. 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               
 of Related Parties |     | Relationship                                                                         |
| 1   |     | Ming-Chia          
 Huang              |     | Chief                                                                                
 Executive