Company: MKDWW
Filing Date: 2025-01-23
Form Type: F-1
Source: 0001493152-25-003296
Chunk: 176

Company: MKDWELL Tech Inc.
Filing Date: 2025-01-23
Form: F-1
Chunk 176
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                    |     | December 
 31,      
 2023     |         |     | June       
 30,        
 2024       |         |
|:-------------------|:----|:---------|--------:|:----|:-----------|--------:|
|                    |     | As       
 of       |         |     |            |         |
|                    |     | December 
 31,      
 2023     |         |     | June       
 30,        
 2024       |         |
|                    |     |          |         |     | -Unaudited |         |
| Long-term payments 
 of leaseback (1)   |     | $        | 195,219 |     | $          | 478,473 |
| Deposit            |     |          |  78,631 |     |            |       - |
| Total              |     | $        | 273,850 |     | $          | 478,473 |

| (1) | Long-term                                                                                                                          
 payments of leaseback represented certain sale-and-lease back arrangements for the purpose of obtaining financing (Note 11 Accrued 
 expenses and other liabilities).                                                                                                   |

As of June 30, 2024, the payments of leaseback will be due according to the following schedule:

SCHEDULE OF PAYMENTS OF LEASEBACK

| For the fiscal                                  
 years ended December 31,                        |     | Amount |           |
|:------------------------------------------------|:----|:-------|----------:|
| Remainder of 2024                               |     | $      |   263,776 |
| Thereafter                                      |     |        |   851,430 |
| Total                                           
 payments of leaseback and vehicle mortgage loan |     | $      | 1,115,206 |

| F-13 |

MKDWELL TECH INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

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

13. ORDINARY SHARES

As of December 31, 2022, MKD Taiwan had issued an aggregate of 27,278,652ordinary shares, with par value of NT$ 10each share.

In connection with the recapitalization, the Company has issued 17,011,476ordinary shares to MKD Taiwan’s former shareholders in exchange for their MKD Taiwan shares on one-to-one basis at a price of US$ 0.33per share