Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 59

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 4
Chunk 59
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 the Company’s Business Combination with Cetus Capital, the business of the Company is conducted through its main
operating subsidiaries, which are MKD Taiwan, based in Hsinchu, Taiwan, and MKD Jiaxing and MKD Shanghai, based in Mainland China.

The
MKD Group was founded in 2006 and is headquartered in the Hsinchu Science Park of Taiwan, which is the key hub for Taiwan’s technological
development and the nucleus for worldwide semiconductor development, and where outstanding scientific and technological talents from
Taiwan are gathered. Our development started with automotive electronics as its core, and this has remained our focus to this day. Our
core management team has more than 15 years of work experience and qualifications in related fields. Since our early days, we have come
a long way and have emerged as one of the leading suppliers of automotive electronics for passenger cars, modified commercial vehicles,
camper vans and logistics vehicles. Our business coverage extends across the spectrum of research and development, design, production
and sales of automotive electronic products. Our main products are intelligent camper vans control systems, LiDAR sensors, intelligent
container control systems for logistics vehicles, vehicle seat control system, and we provide customers with ODM and OEM customized services.
We design, manufacture and supply our products to our customers through our design center located in Hsinchu Science Park, Taiwan and
our manufacturing plant in Jiaxing Science and Technology City, Jiaxing City, Zhejiang Province, China. The Group has obtained various
certification and qualifications, including IATF 16949, ISO 9001, ISO 14001, ISO 45001, and other certifications for high-tech enterprises,
small and medium-sized technology enterprises, as well as intellectual property management system certification.

  33  

Business
Model

We
are one of the leading manufacturer and supplier of electronic equipment for camper vans, business vehicles, and logistics vehicles,
as well as various electronic products for commercial use in China. We manufacture our products primarily at our two manufacturing facilities
located in the Jiaxing Science and Technology City, in Jiaxing city, Zhejiang province, China, and at Hsinchu Science Park, Taiwan.

Our
main buyers for automotive electronic products include automobile manufacturers and automobile component manufacturers in mainland China,
while the primary buyers of our other electronic products are mainly industrial and consumer electronics manufacturers based in mainland
China and Taiwan.

Camper
product electronic equipment are fully customized products produced in small quantities with a