Company: MKDWW
Filing Date: 2025-04-15
Form Type: 424B3
Source: 0001641172-25-004780
Chunk: 17

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-15
Form: 424B3
Chunk 17
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 review” by the SEC, within 120 days following its filing.

Debt Conversion Agreement

On March 19, 2025, the Company entered into three separate debt conversion agreements (the “Debt Conversion Agreements”) with three creditors of the Company, being Mr. Ming-Chia Huang, a director and the chief executive officer of the Company, Ms. Ya-Hui Wu, the spouse of Mr. Huang, and AWinner Limited, which is controlled by Mr. Chung-Yi Sun, a director of the Company, to convert such debts owed into equity of the Company.Among these, (i) an amount of $823,100 owed to Mr. Ming-Chia Huang will be converted into 8,231,000
ordinary shares of par value $0.0001 each in the Company, which will be redesignated into 8,231,000 Class A Preferred Shares of par value
$0.0001 in the Company (each having the right to (among other things) 100 votes per share at a meeting of the shareholders of the Company
or on any resolution of shareholders), subject to approval by shareholders of the Company by way of ordinary resolution; (ii) an amount
of $550,000 owed to Ms. Ya-Hui Wu will be converted into 5,500,000 ordinary shares of par value $0.0001 each in the Company; and (iii)
an amount of $1,110,000 owed to AWinner Limited will be converted into 11,100,000 ordinary shares of par value $0.0001 each in the Company.

Corporate Information

The Company was incorporated under the laws of the British Virgin Islands on July 25, 2023 under the laws of the BVI for the purpose of effecting the Business Combination, which was consummated on July 31, 2024, and to serve as the publicly traded holding company. See “ Recent Developments–Consummation of the Business Combination with Cetus Capital.” above for further details of the Business Combination. The Company owns no material assets other than its interests in its operating subsidiaries acquired in the Business Combination, which operate in Mainland China and Taiwan.

The mailing address of the Company’s principal executive office is 1F, No. 6-2, Duxing Road, Hsinchu Science Park, Hsinchu City 300, Taiwan, and its telephone number is +886-3-5781899. The information contained on, or accessible through