Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 30

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 3
Chunk 30
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 substantial
assets located in the U. S.

Taiwan
courts will recognize a final judgment (for which the period for appeal has expired or from which no appeal can be taken) obtained against
MKD, its officers or directors in any court other than Taiwan courts without further review of the merits of such judgment, if it is
satisfied that: (a) the court rendering the judgment had jurisdiction over the subject matter according to the laws of Taiwan; (b) the
judgment or the court proceedings resulting in the judgment was not contrary to the public order or good morals of Taiwan; (c) if the
judgment was rendered by default by the court rendering the judgment, (i) MKD or its officers, directors or such persons was duly served
in the jurisdiction of such court within a reasonable period of time in accordance with the laws and regulations of such jurisdiction,
or (ii) process was served on MKD or its officers, directors or such persons with judicial assistance of Taiwan; and (d) judgments of
Taiwan courts would be recognized and enforceable in the jurisdiction of the court rendering such judgment on a reciprocal basis. Hence,
in certain cases, claimants may experience difficulties in effecting service of legal process, enforcing foreign judgments or bringing
actions against MKD’s group entities or management.

  17  

Risks
Related to the Company’s Securities

The
Company may be unable to maintain the listing of its securities in the future.

There
can be no assurance that the securities of the Company will continue to be listed on Nasdaq. Nasdaq imposes certain quantitative and
qualitative standards for the continued listing and trading of the Company’s securities on Nasdaq.

On
November 14, 2024, the Company received a deficiency notice from Nasdaq notifying the Company that for the last 30 consecutive business
days, or from October 3, 2024 to November 13, 2024, the Company’s Market Value of Publicly Held Shares (“ MVPHS”) was
below the minimum of $15 million required for continued listing on the Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(2)(C)
(the “ MVPHS Requirement”). In accordance with Nasdaq Listing Rule 5810(c)(3)(D), the Company is given 180 calendar days from
the date of the Nasdaq Notice, or until May 13, 2025 (the “ Compliance Date”), to regain compliance with respect to the MVPH