Company: MKDWW
Filing Date: 2025-02-21
Form Type: F-1/A
Source: 0001493152-25-007784
Chunk: 191

Company: MKDWELL Tech Inc.
Filing Date: 2025-02-21
Form: F-1/A
Chunk 191
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D BVI, a shell company newly incorporated and solely owned by our director and chief executive officer, Mr. Ming-Chia Huang, acquiring shares of MKD Taiwan directly from MKD Taiwan shareholders, in exchange for proportionate shares of MKD BVI which are issued to MKD Taiwan shareholders (the “Taiwan Reorganization”). MKD BVI is meant to be a redomestication platform for MKD Taiwan shareholders to exchange their MKD Taiwan shares for MKD BVI shares. Each MKD Taiwan shareholder who accepted the offer received one MKD BVI share for each MKD Taiwan share they held. As of August 2023, the closing date of the Taiwan Reorganization, MKD BVI had acquired 62.36% of the issued and outstanding shares of MKD Taiwan. The Taiwan Reorganization would be accounted for as a recapitalization transaction. This determination was primarily based on the transaction which essentially results in the formation of a holding company, and no goodwill or other intangible assets would be recorded.

As of December 31, 2023, the Company and its major subsidiaries were as follows:

SCHEDULE OF COMPANY AND ITS MAJOR SUBSIDIARIES

| Subsidiaries                                                      
 MKD BVI                                                           |     | Date of incorporation 
 March 30, 2023        |     | Place of incorporation 
 British Virgin Islands |     | Percentage of ownership | 100.00 | % |     | Principal activities                                                                       
 Investment holding                                                                         |
|:------------------------------------------------------------------|:----|:----------------------|:----|:-----------------------|:----|:------------------------|-------:|:--|:----|:-------------------------------------------------------------------------------------------|
| MKD Taiwan                                                        |     | September 26, 2006    |     | Taiwan, PRC            |     |                         |  62.36 | % |     | Trading, designing and manufacturing industrial embedded system and automotive electronics |
| MKDWELL (Samoa) Technology Inc. (“MKD Samoa”)                     |     | March 19, 2010        |     | Samoa                  |     |                         |  62.36 | % |     | Investment holding                                                                         |
| MKDWELL (Shanghai) Technology Ltd. (“MKD Shanghai”)               |     | August                
 1, 2011               |     | Shanghai, PRC          |     |                         |  62.36 | % |     | Trading industrial embedded system and automotive electronics                              |
| MKDWELL (