Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 109

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 10
Chunk 109
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  holders                                                                                                                              
  persons                                                                                                                              
  persons                                                                                                                              
  persons                                                                                                                              
  U. S.                                                                                                                                

Moreover,
the discussion below is based upon the provisions of the Code, the Treasury Regulations promulgated thereunder and administrative and
judicial interpretations thereof, all as of the date hereof. Those authorities may be repealed, revoked, modified or subject to differing
interpretations, possibly on a retroactive basis, so as to result in U. S. federal income tax consequences different from those discussed
below. Furthermore, this discussion does not address any aspect of U. S. federal non-income tax laws, such as gift, estate or Medicare
contribution tax laws, or state, local or non-U. S. tax laws.

We
have not sought, and will not seek, a ruling from the IRS as to any U. S. federal income tax consequence described herein. The IRS may
disagree with the discussion herein, and its determination may be upheld by a court. Moreover, there can be no assurance that future
legislation, regulations, administrative rulings or court decisions will not adversely affect the accuracy of the statements in this
discussion.

  65  

As
used herein, the term “ U. S. Holder” means a beneficial owner of Ordinary Shares that is for U. S. federal income tax purposes:
(1) an individual who is a citizen or resident of the United States, (2) a corporation (or other entity treated as a corporation for
U. S. federal income tax purposes) that is created or organized (or treated as created or organized) in or under the laws of the United
States, any state thereof or the District of Columbia, (3) an estate the income of which is subject to U. S. federal income taxation regardless
of its source or (4) a trust if (i) a court within the United States is able to exercise primary supervision over the administration
of the trust and one or more United States persons have the authority to control all substantial decisions of the trust, or (ii) it has
in effect a valid election to be treated as a U. S. person.

This
discussion does not consider the tax treatment of partnerships or other pass-through entities or persons who hold Ordinary Shares through
such entities. If a partnership (or other entity or arrangement classified as a partnership for U. S. federal income tax purposes) is
the beneficial owner of Ordinary Shares, the U. S.