Company: MKDWW
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001641172-25-002610
Chunk: 194

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: F-1
Chunk 194
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 OPERATING LEASES

|                                        |     | As of December 31, |        |   |     |      |        |   |
|                                        |     |               2023 |        |   |     | 2024 |        |   |
| Weighted average discount rate:        |     |                    |        |   |     |      |        |   |
| Operating lease                        |     |                    |   4.51 | % |     |      |   4.51 | % |
| Weighted average remaining lease term: |     |                    |        |   |     |      |        |   |
| Operating lease                        |     |                    |     24 
 months |   |     |      |     12 
 months |   |

As of December 31, 2024, the future minimum rent payable under non-cancelable operating and financing leases were:

SCHEDULE OF FUTURE MINIMUM RENT PAYABLE UNDER NON-CANCELABLE OPERATING AND FINANCING LEASES

| For the fiscal years ended December 31,            |     | Amount |        |   |
|:---------------------------------------------------|:----|:-------|-------:|:--|
| 2025                                               |     | $      | 61,147 |   |
| Total lease payments                               |     |        | 61,147 |   |
| Less: imputed interest                             |     |        | (1,467 | ) |
| Total operating lease liabilities, net of interest |     | $      | 59,680 |   |

| F-24 |

MKDWELL TECH INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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

11. BORROWINGS

As of December 31, 2023 and 2024, the bank borrowings were for working capital and capital expenditure purposes.

SCHEDULE OF BANK BORROWINGS

| Current portion:                           
 Short-term bank borrowings                 |     | 2023               
 As of December 31, 
 2023               |           |     | 2024 
 2024 |           |
|:-------------------------------------------|:----|:-------------------|----------:|:----|:-----|----------:|
| Bank of Jiaxing (1)                        |     | $                  | 2,726,197 |     | $    | 2,648,199 |
| Short-term bank