Company: MKDWW
Filing Date: 2025-02-21
Form Type: F-1/A
Source: 0001493152-25-007784
Chunk: 138

Company: MKDWELL Tech Inc.
Filing Date: 2025-02-21
Form: F-1/A
Chunk 138
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 of Cetus Capital.

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Basis of Pro Forma Presentation

The historical financial information has been adjusted to give pro forma effect to events that are related and/or directly attributable to the transactions, which is prepared in accordance with Article 11 of Regulation S-X.

The unaudited pro forma condensed combined financial information is for illustrative purposes only. The financial results may have been different had the companies always been combined. You should not rely on the unaudited pro forma condensed combined financial information as being indicative of the historical financial position and results that would have been achieved had the companies always been combined or the future financial position and results that the post-combination company will experience. MKD BVI and Cetus Capital did not have any historical relationship prior to the Business Combination. Accordingly, no pro forma adjustments were required to eliminate activities between the companies.

As a result of the Business Combination and immediately following the closing of the Business Combination, after considering the actual redemption of 5,719,947 shares as of July 31, 2024 (prior to giving effect to any warrant exercises and assuming automatic conversion of rights into ordinary shares), the former shareholders of MKD BVI own approximately 82.5% of the outstanding Ordinary Shares of the Company and the former shareholders of Cetus Capital own approximately 17.5% of the outstanding Ordinary Shares of the Company, such percentages calculated based on the issuance of 13,855,239 Ordinary Shares of the Company to former shareholders of MKD BVI, derived from the shares outstanding and weighted average shares outstanding as presented in the pro forma combined financial statements (after rounding adjustment).

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<div align='center'>PRO FORMA COMBINED BALANCE SHEET

AS OF JUNE 30, 2024

(UNAUDITED)</div>

| ASSETS                                                                                              
 Current assets:                                                                                     |     | (A)     
 Cetus   
 Capital |            |   |     | (B) 
 MKD 
 BVI |             |   |     | Actual                
 Redemptions into Cash 
 Pro Forma             
 Adjustments           |             |   |     |    |     | Pro Forma 
 Balance   
 Sheet     |             |   |
|:----------------------------------------------------------------------------------------------------|:----|:--------|-----------:|:--|:----|:----|------------:|:--|:----|:----------------------|------------:|:--|:----|---:|:----|:----------|------------:|:--