Company: MKDWW
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001641172-25-002610
Chunk: 167

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: F-1
Chunk 167
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 shares of a subsidiary         |     |                                  |    100,806 |   |     |      |          - |   |     |      |          - |   |
| Related parties’ debt offset against payment of shares of a subsidiary      |     |                                  |    369,624 |   |     |      |          - |   |     |      |          - |   |
| Related parties’ debt offset against payment of shares of a subsidiary      |     |                                  |  1,627,729 |   |     |      |          - |   |     |      |          - |   |
| Shares issued for the acquisition of non-controlling interest               |     |                                  |          - |   |     |      |    573,032 |   |     |      |          - |   |
| Real estate properties reclassified (to) from property, plant and equipment |     |                                  |   (222,322 | ) |     |      |   (325,385 | ) |     |      | (1,896,614 | ) |
| Real estate properties reclassified (to) from intangible assets             |     |                                  |    (19,936 | ) |     |      |    (45,158 | ) |     |      |   (249,721 | ) |

<div align='center'>The accompanying notes are an integral part of these consolidated financial statements.</div>

| F-6 |

<div align='center'>MKDWELL TECH INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(In U.S. dollars, except share and per share data)</div>

1. ORGANIZATION AND PRINCIPAL ACTIVITIES

MKDWELL Tech Inc. (“MKD”) was incorporated under the laws of the British Virgin Islands (“BVI”) on July 25, 2023. MKDWELL Limited (“MKD BVI”) was incorporated in the BVI on March 30, 2023 as a nonoperating shell company. MKD Technology Inc. (“MKD Taiwan”) was incorporated in Taiwan on September 26, 2006.

MKD, through its subsidiary MKD Taiwan and MKD Taiwan’s subsidiaries (collectively, the “Company”), primarily engages in designing and manufacturing industrial embedded system and automotive electronics in Taiwan and mainland China.

Taiwan Reorganization

MKD Taiwan conducted a share offering in 2015 to investors in Taiwan to raise working capital. In December 2022,