Company: MKDWW
Filing Date: 2025-04-15
Form Type: 424B3
Source: 0001641172-25-004780
Chunk: 171

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-15
Form: 424B3
Chunk 171
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 liabilities denominated in foreign currencies at the balance sheet date are translated at the applicable rates of exchange in effect at that date. The equity denominated in the functional currency is translated at the historical rate of exchange at the time of capital contribution.

Because cash flows are translated based on the average translation rate, amounts related to assets and liabilities reported on the consolidated statements of cash flows will not necessarily agree with changes in the corresponding balances on the condensed consolidated balance sheets. Translation adjustments arising from the use of different exchange rates from period to period are included as a separate component of accumulated other comprehensive income included in consolidated statements of changes in shareholders’ equity (deficit). Gains and losses from foreign currency transactions are included in the Company’s consolidated statements of operations and comprehensive loss.

The following table outlines the currency exchange rates that were used in preparing the consolidated financial statements:

SCHEDULE OF CURRENCY EXCHANGE RATES

|             |     | December        
 31, 2022        |     |                 |     | December        
 31, 2023        |     |                 |     | December        
 31, 2024        |     |                 |
|:------------|:----|:----------------|:----|:----------------|:----|:----------------|:----|:----------------|:----|:----------------|:----|:----------------|
|             |     | Year-end        
 spot rate       |     | Average         
 rate            |     | Years-ended     
 spot rate       |     | Average         
 rate            |     | Years-ended     
 spot rate       |     | Average         
 rate            |
| US$         
 against RMB |     | US$1=RMB6.8972  |     | US$1=RMB6.7290  |     | US$1=RMB7.0978  |     | US$1=RMB7.0803  |     | US$1=RMB7.2993  |     | US$1=RMB7.1957  |
| US$         
 against NT$ |     | US$1=NT$30.7300 |     | US$1=NT$29.7963 |     | US$1=NT$30.6200 |     | US$1=NT$31.1525 |     | US$1=NT$32.7900 |     | US$1=NT$32.1064 |

(e) Cash and cash equivalents

Cash and cash equivalents consist of cash on hand and cash