Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 96

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 7
Chunk 96
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ITEM
7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS

A.
Major Shareholders

The
following table sets forth information relating to the beneficial ownership of Ordinary Shares as of April 1, 2025 by:

  each                                                                                                                  

  each               

  each                            

  all                                                  

Beneficial
ownership is determined according to the rules of the SEC, which generally provide that a person has beneficial ownership of a security
if he, she or it possesses sole or shared voting or investment power over that security, and includes shares underlying options and warrants
that are currently exercisable or exercisable within 60 days. In computing the number of shares beneficially owned by a person or entity
and the percentage ownership of that person or entity in the table below, all shares subject to options or warrants held by such person
or entity were deemed outstanding if such securities are currently exercisable, or exercisable within 60 days of April 1, 2025.
These shares were not deemed outstanding, however, for the purpose of computing the percentage ownership of any other person or entity.

The
percentage of Ordinary Shares beneficially owned is computed on the basis of 143,619,342 Ordinary Shares outstanding on April 1,
2025, after giving effect to the Business Combination and the agreements described above, and including 6,036,875 Ordinary Shares issuable
upon the exercise of outstanding warrants.

Unless
otherwise indicated, we believe that all persons named in the table below have sole voting and investment power with respect to all Ordinary
Shares beneficially owned by them. To our knowledge, no Ordinary Shares beneficially owned by any executive officer, director or director
nominee have been pledged as security.

There
are no arrangements, known to the Company, the operation of which may at a subsequent date result in a change in control of the Company.
Unless otherwise noted, the business address of each of our directors and officers is 1F, No. 6-2, Duxing Road, Hsinchu Science Park,
Hsinchu City 300, Taiwan.

  Name                                                                                             
  and Address of Beneficial Owner                                                                  
 ───────────────────────────────────────────────────────────────────────────────────────────────────
  Directors                                                                                        
  Ming-Chia                                                                   10,196,350      7.1  
  Min-jie                                                                              —        —  
  Ming-Chao                                                                    1,151,606      0.8  
  Chih-Hsiang