Company: MKDWW
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001641172-25-002610
Chunk: 207

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: F-1
Chunk 207
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 represent 10% or more of the Company’s total accounts payables:

|                                              |     | For the years ended December 31, |    |     |      |    |     |      |      |   |
|                                              |     |                             2022 |    |     | 2023 |    |     | 2024 |      |   |
| Percentage of the Company’s accounts payable |     |                                  |    |     |      |    |     |      |      |   |
| Supplier C                                   |     |                                  | -* |     |      | -* |     |      | 16.4 | % |

| F-34 |

MKDWELL TECH INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(In U.S. dollars, except share and per share data)

21. COMMITMENTS AND CONTINGENCIES

The
Company follows subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies. Certain conditions
may exist as of the date the consolidated financial statements are issued, which may result in a loss to the Company, but which will
only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment
inherently involves an exercise of judgment.

The
following table sets forth the Company’s contractual obligations as of December 31, 2024. The amounts are gross and undiscounted
and include contractual interest payments.

SCHEDULE OF CONTRACTUAL OBLIGATIONS

|                                           |     | Total                 
 Payment Due by Period 
 Total                 |           |     | Less             
 than 1 year      
 Less than 1 year |           |     | 1-3       
 years     
 1-3 years |           |     | 3-5       
 years     
 3-5 years |   |
|:------------------------------------------|:----|:----------------------|----------:|:----|:-----------------|----------:|:----|:----------|----------:|:----|:----------|:--|
| Bank borrowing                            |     | $                     | 5,586,360 |     |                  | 2,771,498 |     |           | 2,814,862 |     |           | - |
| Payments of leaseback                     |     |                       | 1,512,566 |     |                  | 1,242,154 |     |           |   270,412 |     |