Company: MKDWW
Filing Date: 2025-04-15
Form Type: 424B3
Source: 0001641172-25-004780
Chunk: 187

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-15
Form: 424B3
Chunk 187
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 to Cetus Sponsor LLC was included in amounts due from related                                        
 parties as of December 31, 2024.                                                                                                     
 The balance as of December 31, 2024 mainly                                                                                           
 represented the interest-free loan that MKD lent to a shareholder who held less than 5% of the Company’s ordinary shares on December 
 10, 2024. On February 18, 2025, the Company had collected total amounts from the shareholder.                                        |

| F-21 |

<div align='center'>MKDWELL TECH INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(In U.S. dollars, except share and per share data)</div>

7. PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net, consisted of the following:

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT

|                                      |     | As of December 31, 
 2023               |       2023 |   |     | 2024 |       2024 |   |
|:-------------------------------------|:----|:-------------------|-----------:|:--|:----|:-----|-----------:|:--|
| Building                             |     | $                  |  2,631,286 |   |     | $    |  4,717,355 |   |
| Machinery and equipment              |     |                    |  2,140,575 |   |     |      |  2,576,389 |   |
| Vehicle                              |     |                    |     64,791 |   |     |      |     63,002 |   |
| Office equipment                     |     |                    |     74,411 |   |     |      |     72,262 |   |
| Property, plant and equipment, gross |     |                    |     74,411 |   |     |      |     72,262 |   |
| Less: accumulated depreciation       |     |                    | (1,179,660 | ) |     |      | (2,334,463 | ) |
| Property, plant and equipment, net   |     | $                  |  3,731,403 |   |     | $    |  5,094,545 |   |

For the years ended December 31, 2022, 2023 and 2024, depreciation expenses amounted to US$299,611, US$348,485 and US$