Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 44

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 3
Chunk 44
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 were shareholders of a company incorporated in another jurisdiction.

There
is no statutory recognition in the BVI of judgments obtained in the United States, although any final and conclusive monetary judgment
for a definite sum obtained against the Company in U. S. federal or state courts would be treated by the BVI courts as a cause of action
in itself and sued upon as a debt at common law so that no retrial of the issues would be necessary provided that:

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There
is therefore uncertainty with regard to BVI law as to whether a judgment obtained from the United States courts under civil liability
provisions of the securities laws will be determined by the courts of the BVI as penal or punitive in nature. If such a determination
is made, the courts of the BVI are also unlikely to recognize or enforce the judgment against a BVI company. Because the courts of the
BVI have yet to rule on whether such judgments are penal or punitive in nature, it is uncertain whether they would be enforceable in
the BVI.

The
Company is an “emerging growth company,” as defined under the federal securities laws, and the Company cannot be certain
if the reduced disclosure requirements applicable to emerging growth companies will make the Company’s securities less attractive
to investors.

The
Company will be an “emerging growth company” as defined in the JOBS Act, and it will remain an “emerging growth company”
until the earliest to occur of (1) the last day of the fiscal year (a) following the fifth anniversary of the Closing, (b) in which the
Company has total annual gross revenue of at least $1.235 billion or (c) in which the Company is deemed to be a large accelerated filer,
which means the market value of the Company’s Shares held by non-affiliates exceeds $700 million as of the last business day of
the prior second fiscal quarter, and (2) the date on which the Company issued more than $1.0 billion in non-convertible debt during the
prior three-year period. It is expected that the Company will take advantage of exemptions from various reporting requirements that are
applicable to most other public companies, whether or not they are classified as “emerging growth companies,” including,
but not limited to, an exemption from the provisions of Section 404(b) of the Sarbanes