Core Viewpoint - MKDWELL Tech Inc. has announced a stock repurchase agreement to buy back 34,580,000 ordinary shares at a price of US$0.203 per share, totaling approximately US$7 million, to enhance shareholder value and reflect confidence in the company's growth potential [1][2]. Group 1: Stock Repurchase Details - The stock repurchase involves buying back 34,580,000 ordinary shares at US$0.203 per share, amounting to about US$7 million [1]. - The purchase price reflects the average closing price over the twelve trading days prior to December 16, 2025, excluding the highest and lowest prices [1]. - The closing of the share repurchase is expected within five business days from December 21, 2025, subject to standard closing conditions [1]. Group 2: Company Strategy and Market Position - The Chairman and CEO of MKDWELL Tech Inc. stated that the current share price undervalues the company's business model and long-term growth potential [2]. - The company aims to protect shareholder value through this repurchase while focusing on leveraging AIoT technology to enhance consumer lives [2]. - Despite challenges from macroeconomic volatility and new US tariffs, the company remains committed to its strategic direction [2]. Group 3: Company Background - MKDWELL Tech Inc. was founded in 2006 and is headquartered in Hsinchu Science Park, Taiwan, with a factory in Jiaxing, Zhejiang Province, China [3]. - The company specializes in automotive electronics and smart home products utilizing AIoT technology [3].
MKDW repurchased approximately $7 million worth of its outstanding ordinary shares.