Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 67

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 4
Chunk 67
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 amount specified by the local governments
in China.

In
Taiwan, the Company’s insurance plans include employee group insurance, labor insurance and national health insurance. As for pension
plans, pursuant to the Labor Pension Act of Taiwan which adopts individual pension account scheme, MKD has been following the legal requirements
to contribute the amount equal to 6% of the monthly wage of employees of MKD Taiwan to their individual pension accounts maintained with
Taiwan’s Bureau of Labor Insurance.

C.
Organizational Structure

Following
the closing of the Business Combination with Cetus Capital on July 31, 2024, our corporate structure is as follows. “ Other Existing
MKD Taiwan Shareholders” refer to the shareholders of MKD Taiwan who did not participate in the Taiwan Reorganization and continue
to own 37.64% of MKD Taiwan after the Business Combination based on their direct ownership of the shares of MKD Taiwan.

  39  

A
list of the subsidiaries of the Company and information of such subsidiaries is set out in exhibit 8.1 to this annual report.

D.
Property, Plants and Equipment

We
manufacture our products primarily through our two manufacturing facilities located in the Jiaxing Science and Technology City, in Jiaxing
city, Zhejiang province, China, and at Hsinchu Science Park, Taiwan.

Jiaxing
Science and Technology City

We
have a manufacturing factory located at No. 3561 Linggongtang Road, Daqiao Town, Nanhu District, Jiaxing City, Zhejiang Province. In
terms of geography and connectivity, there are 190 annual trips of Jiaxing High-Speed Rail to and from Shanghai-Hangzhou. The commute
is approximately 18 minutes to Songjiang South Station, 25 minutes to Hongqiao Station, and 90 minutes to Pudong Airport. This strategic
location provides us with a variety of logistical options, such as land, river, sea and air transportation for China-bound goods, and
sea or air transport for overseas bound goods.

  40  

This
facility possesses comprehensive design, product planning, as well as ODM/OEM capabilities. Products manufactured and sold include digital
warehouse products, smart camper control system products, IoT system control boxes, T-BOX communication boxes, car seat controls, and
industrial control screens. The factory covers a land area of about 9,076.4 square meters and has a built-up area of about 14