Company: MKDWW
Filing Date: 2025-03-13
Form Type: 424B4
Source: 0001493152-25-010187
Chunk: 210

Company: MKDWELL Tech Inc.
Filing Date: 2025-03-13
Form: 424B4
Chunk 210
---
 |     |      |  78,631 |
| Long-term payable (2)               |     |                    |   6,404 |     |      |       - |
| Total                               |     | $                  | 165,855 |     | $    | 273,850 |

| (1) | Long-term                                                                                                                    
 payments of leaseback represented certain sale-and-lease back arrangements for the purpose of obtaining financing (Note 12). |
| (2) | Long-term                                                                                                                    
 payable represented payable for vehicle mortgage loan (Note 12).                                                             |

As of December 31, 2023, the payments of leaseback and vehicle mortgage loan will be due according to the following schedule:

SCHEDULE OF PAYMENTS OF LEASEBACK

| For the fiscal years ended December 31,               |     | Amount |         |
|:------------------------------------------------------|:----|:-------|--------:|
| 2024                                                  |     | $      | 315,139 |
| 2025                                                  |     |        | 195,219 |
| Thereafter                                            |     |        |         |
| Total payments of leaseback and vehicle mortgage loan |     | $      | 510,358 |

| F-39 |

MKDWELL TECH INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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

14. 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 and a total consideration of US$ 5.6million, which equals to the amount of capital injection to MKD BVI from these former shareholders.

In execution of the business combination agreement with Cetus Capital, the Company acquired 42% equity interests of MKD Jiaxing from Ming-Chao Huang at US$ 1,627,729in July 2023. Subsequently, Ming-Chao Huang injected the same amount of US$ 1,627,729to MKD BVI in August 2023 and acquired 4,932,512ordinary shares of the Company.

In August 2023, the