Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 50

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 3
Chunk 50
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 it to comply with more onerous covenants, which could further restrict the business operations of the Company. In addition,
the terms of any future debt agreements may restrict the Company from adopting some of these alternatives. In the absence of such operating
results and resources, the Company could face substantial liquidity problems and might be required to dispose of material assets or operations
to meet its debt service and other obligations. The Company may not be able to consummate those dispositions for fair market value or
at all. Furthermore, any proceeds that the Company could realize from any such dispositions may not be adequate to meet its debt service
obligations then due. The Company’s inability to generate sufficient cash flow to satisfy its debt service or other obligations,
or to refinance its indebtedness on commercially reasonable terms or at all, could have a material adverse effect on its business, cash
flows, financial condition and results of operations.

Anti-takeover
provisions contained in the Company’s memorandum and articles of association, as well as provisions of BVI law, could impair a
takeover attempt.

The
Company’s Amended and Restated Memorandum and Articles of Association contain provisions to limit the ability of others to acquire
control of the Company or cause the Company to engage in change-of-control transactions. These provisions could have the effect of depriving
the Company’s shareholders of an opportunity to sell their shares at a premium over prevailing market prices by discouraging third
parties from seeking to obtain control of the Company in a tender offer or similar transaction. For example, the Company’s Board
will have the authority, subject to any resolution of the shareholders to the contrary, to issue preferred shares in one or more classes
or series and to fix their designations, powers, preferences, privileges, and relative participating, optional or special rights and
the qualifications, limitations or restrictions, including dividend rights, conversion rights, voting rights, terms of redemption and
liquidation preferences, any or all of which may be greater than the rights associated with the Company’s Ordinary Shares. Preferred
shares could be issued quickly with terms calculated to delay or prevent a change in control of the Company or make removal of management
more difficult. If the Company’s Board decides to issue preferred shares, the price of the ordinary shares of the Company may fall
and the voting and other rights of the holders of the ordinary shares of the Company may be materially and adversely affected.

The
market price of the Ordinary Shares is likely to be highly volatile, and