Company: MKDWW
Filing Date: 2025-01-23
Form Type: F-1
Source: 0001493152-25-003296
Chunk: 221

Company: MKDWELL Tech Inc.
Filing Date: 2025-01-23
Form: F-1
Chunk 221
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   |
| Percentage of the Company’s accounts payable |     |                    |      |   |     |      |      |   |
| Supplier B                                   |     |                    |   -* |   |     |      | 11.6 | % |
| Supplier A                                   |     |                    | 15.3 | % |     |      |   -* |   |
| Supplier C                                   |     |                    | 11.8 | % |     |      |   -* |   |

| F-44 |

MKDWELL TECH INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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

| 19. | CONCENTRATION              
 OF CREDIT RISK - Continued |

The following table sets forth a summary of single suppliers who represent 10% or more of the Company’s total advance to supplier:

|                                                 |     | As of December 31, |      |   |     |      |    |
|                                                 |     |               2022 |      |   |     | 2023 |    |
| Percentage of the Company’s advance to supplier |     |                    |      |   |     |      |    |
| Supplier D                                      |     |                    | 13.2 | % |     |      | -* |
| Supplier C                                      |     |                    | 14.5 | % |     |      | -* |
| Supplier E                                      |     |                    | 48.1 | % |     |      | -* |

| * |     | Represent percentage less 
 than 10%                  |

20. COMMITMENTS AND CONTINGENCIES

In the ordinary course of business, the Company may be subject to commitments and contingencies, including capital commitments, legal proceedings regarding contractual and employment relationships and a variety of other matters. The Company records contingent liabilities resulting from such claims, when a loss is assessed to be probable and the amount of the loss is reasonably estimable. In the opinion of management, there were no pending or threatened significant claims and litigation as of December 31, 2023 and through the issuance date of these consolidated financial statements.

21. CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY

The Company performed a test on the restricted net assets of consolidated subsidiary in accordance with U.S. Securities and Exchange Commission Regulation S-X Rule 4-08 (e) (3), “General Notes to Financial Statements” and concluded that it was not applicable for the Company to disclose