Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 64

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 4
Chunk 64
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The
camping vehicle business process includes:

  Obtaining           

Obtaining
land through leasing or BOT arrangements from local governments or authorized scenic areas. After obtaining the operational rights to
the camping site, planning and appropriate modifications are carried out.

  Sale                           

Customers
acquire camping vehicles through one-time or installment purchases from MKD Taiwan or obtain leased vehicles from rental companies in
collaboration with MKD Taiwan.

  Camping          

Operating
camping sites through online tourism platforms, shopping platforms, media promotions and regularly organizes lifestyle experiences and
themed events to attract customers to the camping sites.

This
includes using MKD Taiwan’s Smart Camper Control System modernizes camper vehicles to enhance the camping and comfort experience
for users. The integration of intelligent RVs combines life and technology allows users to experience a smart lifestyle through their
smartphones or other hardware, modernizes camper vehicles, and enhances the camping and comfort experience for users.

As
of the date of this report, MKD has not begun engaging in such camper vehicle or camping site operations, nor the sale or leasing of
camping vehicles. It has only generated revenue from the sale of existing camping vehicle components. Due to the broader macroeconomic
situation, the land acquisition and investment situation of such campsites are uncertain, and hence such operation plan have been postponed.

Competition

The
automotive electronics industry and the industrial electronics industry in which we operate in Asia is a competitive one. If companies
do not continuously optimize their product portfolios, improve research and development efficiency and technical capabilities, and increase
production capabilities, it will be difficult to achieve good operational and financial performance. Therefore, facing this competitive
situation, many companies choose to compete by cutting prices, imitating successful products, cutting corners on the design and development
process, and lowering product specifications to enhance corporate competitiveness. We are based in Asia, where this competition is intensifying,
and in order to distinguish ourselves from our competition, we must invest deeply into product research and development and software.

Considering
the competitive dynamics in Asia, we have made adjustments to our product portfolio and employed AIoT technical capabilities combined
with cloud software and cellphone applications to develop a series of products for use in automobiles, campers, luxury business vehicles,
and logistics vehicles. We believe that proper utilization of cloud and IoT technology for future product development will be the key
to success. Moreover, we believe that MKD has gradually mastered crucial technical capabilities and is able to use such technical