Company: MKDWW
Filing Date: 2025-03-13
Form Type: 424B4
Source: 0001493152-25-010187
Chunk: 127

Company: MKDWELL Tech Inc.
Filing Date: 2025-03-13
Form: 424B4
Chunk 127
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There are no
capital gains, gift or inheritance taxes levied by the BVI government on companies incorporated or re-registered under the BVI Companies
Act. In addition, shares of companies incorporated or re-registered under the BVI Companies Act are not subject to transfer taxes, stamp
duties or similar charges, provided the company does not have a direct or indirect interest in any land in the BVI.

Mainland China

Generally, our subsidiaries, which are considered PRC resident enterprises under PRC tax law, are subject to enterprise income tax on their worldwide taxable income as determined under PRC tax laws and accounting standards at a rate of 25%.

Taiwan

We are subject to a tax rate of 20% for entities under R.O.C. Income Tax Law.

Net loss

As a result of the foregoing, our net loss increased by US$0.85 million, or 68.9% from US$1.22 million for the year ended December 31, 2022 to US$2.07 million for the year ended December 31, 2023.

MKD’sCash Flows for the years ended December 31, 2022, compared to the years ended December 31, 2023

The following table sets forth a summary of our cash flows for the periods indicated:

|                                                  |     | For the years ended December 31, 
 2022                             
 US$                              |          |   |     | 2023 
 US$  |            |   |     | Change 
 Amount 
 US$    |            |   |     | % |        |    |
|:-------------------------------------------------|:----|:---------------------------------|---------:|:--|:----|:-----|-----------:|:--|:----|:-------|-----------:|:--|:----|:--|-------:|:---|
| Net cash used in operating activities            |     | $                                | (129,863 | ) |     | $    | (1,323,384 | ) |     | $      | (1,193,521 | ) |     |   |  919.1 | %  |
| Net cash used in investing activities            |     |                                  | (428,128 | ) |     |      | (1,297,701 | ) |     |        |   (869,573 | ) |     |   |  203.1 | %  |
| Net cash