Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 13

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 3
Chunk 13
---
 received any notification of cybersecurity review from relevant governmental authorities
due to any impact or potential impact on national security.

   8  

As
the 2022 Cybersecurity Review Measures and the Opinions are recently promulgated, its interpretation and implementation shall be determined
in accordance with the laws and regulations in force at the time. As a result, we may be required to obtain regulatory approvals from
and complete additional procedures with the CAC or other PRC governmental authorities for the transaction. In addition, if the CAC or
other regulatory agencies subsequently promulgate new rules or regulations that require us to obtain additional approvals or complete
additional procedures for the transaction, or for the Company’s listing or offering overseas, such approvals may not be obtained
and such procedures may not be completed in a timely manner or at all. Any such circumstance may limit the Company’s ability to
offer or continue to offer securities. In addition, implementation of industry-wide regulations directly targeting MKD’s operations
could cause the value of the Company’s securities to significantly decline. Therefore, investors of the Company’s securities
face potential uncertainty from actions taken by the PRC government affecting MKD’s business.

Changes
in China’s economic, political or social conditions, or policies could materially and adversely affect MKD’s business and
operations.

A
large portion of MKD’s assets and operations are located in China. Accordingly, MKD’s business, financial condition, results
of operations, and prospects may be influenced to a significant degree by political, economic, and social conditions in China generally
and by continued yet slowing economic growth in China as a whole.

The
Chinese economy differs from economies of other developed countries in many respects, including the degree of government involvement,
level of development, growth rate, control of foreign exchange and allocation of resources. Although the Chinese government has implemented
measures emphasizing the utilization of market forces for economic reform, the reduction of state ownership of productive assets and
the establishment of improved corporate governance in business enterprises, a substantial portion of productive assets in China are still
owned or controlled by the government. In addition, the Chinese government continues to play a significant role in regulating industry
development by imposing industrial policies. The Chinese government has significant authority to exert influence on the ability of a
China-based company, such as MKD, to conduct its business. Therefore, investors of the Company and our business face potential uncertainty
from the PRC government. The PRC government also exercises significant control over China’s economic growth by allocating resources