Hsi chu, Taiwa, July 17, 2026 (GLOBE NEWSWIRE) – MKDWELL Tech I c. (“
La dvisio HK is involved in the design, development of the range of premium sma t-home ad co ected-device products for the key companies: sma t-home security products, including sma t locks and sma t doo had built self-developed co ectivity platforms – whose mat-certified focus on leading ecosystems – provided both the current bad features and the key etailes; cooling appliances; ado igi al equipme t ma ufactu e (“
MKDWELL believes the Acquisition will push the company beyond its established automotive electronics business, which is subject to material cyclicality, into the consumer small home and IoT market – a sector the company believes is suited to household adoption, the city’s dizatio of poor business operations by the Matte potocol and the rapid expansion of oil etailchaels. The company believes that the two companies will support complementary steps in co-toll electrical entrenchment, selection and ODM/OEM manufacturing, which is supported by an established major supply chain, and that the combination will have the scale, feasibility and capability of the enlarged group.
Under the terms of the Agreement, the Company will issue a total of 30,000,000 new shares at an issue price of $8.00 per share, with an aggregate amount of $240,000,000 in Wo de Kid’s selling shares. Upon completion, the new shares will represent approximately 87.72% of the common shares issued by the company. Because of the total of 26,000,000 new sha e’s sold, they have entered a phased lock-up, with 20% released after six months, 20% after twelve months, a fu 20% after eighteen months, and the emai ig 40% after two months. four months. The company has also committed to making tailor-made arrangements and doing its best to file a declaration with Fom F-1 within one month of completion to arrange the sale of the new sha es.
Following completio, by an acti gi-co ce taa m ea t between M. Mi g-Chia Hua g, Chief Executive Office of the company ad co tolli g sha eholde, ad ce tai of the selling sha eholdes, M . Hua g, together with the parties working with him, will receive a large share of the company’s voting rights and will take control of the company. Completion of the acquisition is subject to the satisfaction of customary closing requirements. This is expected to take place in August 2026.
M . Mi g-Chia Hua g, Chief Executive Office of MKDWELL, said: “The acquisition of La dvisio is a decisive step in MKDWELL’s evolution from focused automotive electronics manufacturing to a disaggregated IT device group. La Dvisio’s sp emium sma t-home ad IoT po tfolio, its mat-certified product platform and its highly scalable etail ad e-comme ce cha We are confident that this combination will deliver great, log-tem value for our people.”
Although we operate subsidies, we also produce the supply of automotive electronics for passegecas, modified commercial vehicles, camping and logistics vehicles. Our business activities span the spectrum of development, design, production and sales of electric vehicle products. Our products include the campe va s co t ol systems, LiDAR systems, i tellel t co tai e-co t ol systems for logistics vehicles, the car seat co t ol system, and we provide customization with ODM and OEM custom services. We design, produce and supply our products for our customers, although we design them in Hsi chu Science Pa k, Taiwa and our manufacturer from Jiaxi g Science and Technology City, Jiaxi g City, Zhejia g P ovi ce, Chi a. Our custom is based on Mai la d Chi aad Taiwa.
This p ess elease is based on wa d-looki g statements. These statements are the “safe ha bo” provisions of the U.S. P ivate Secu ities Litigatio Refom Act of 1995. These following statements can be identified by technology as “will,” “expects,” “anticipates,” “future,” “asserts,” “pla s,” “believes,” “estimates” ad simila. statements. Among other things, the business prospects of this news, as well as the strategic advertising communications of MKDWELL Tech Ic., which are similar to this. MKDWELL Tech I c. may also make white statements in its periodic filings with the US Secu ities ad Excha ge Commissio (“SEC”) o Fo ms 20-F ad 6-K, its annual filings on sha eholdes, IP ess eleases and other white material statements made by its offices, i.e. employees to third parties. Statements that are other historical facts, I exclude statements about the beliefs of MKDWELL Tech I c. and expectations, such as expectations with, for example, subsequent, apparently similar statements. I look at the statements I make and it creates bonds. A number of facts could cause actual results to differ from those initially apparent, but are not limited to the following: the Company’s ability to complete the described acquisition and achieve its intended benefits; fluctuations in the company’s qualitative operating results; competition i it is substance y; change of macoe-economic and geopolitical co ditions, i close the evolving policies and the implementation of ice relaxed taxes, impo t est ictios, ad etaliato and ade actio s; ad eleva t government policy ad egulatio s elati g for the company. The information about these advertisements is contained in the company’s filings with the SEC. The Company is obligated to update the following statement unless required by applicable law.