Hsi chu, Taiwa , July 17, 2026 (GLOBE NEWSWIRE) — MKDWELL Tech I c. (“
La dvisio HK is e gaged i the desig , developme t a d supply of p emium sma t-home a d co ected-device p oducts ac oss th ee p i cipal busi ess li es: sma t-home secu ity p oducts, i cludi g sma t locks a d sma t doo ha dwa e built o self-developed co ectivity platfo ms — ce tai of which a e Matte -ce tified fo c oss-b a d i te ope ability with leadi g ecosystems — supplied both u de its ow b a ds a d to majo i te atio al etaile s; cooli g applia ces; a d o igi al equipme t ma ufactu e (“
MKDWELL believes the Acquisitio will dive sify the Compa y beyo d its established automotive elect o ics busi ess, which is subject to i dust y cyclicality, i to the co sume sma t-home a d IoT ma ket — a secto that the Compa y believes co ti ues to be efit f om isi g household adoptio , the sta da dizatio of c oss-b a d i te ope ability th ough the Matte p otocol, a d the apid expa sio of o li e etail cha els. The Compa y fu the believes the two busi esses sha e compleme ta y st e gths i embedded co t ol elect o ics, se so i teg atio , a d ODM/OEM ma ufactu i g suppo ted by a established G eate Chi a supply chai , a d that the combi atio will e ha ce the scale, p ofitability a d g owth p ofile of the e la ged g oup.
U de the te ms of the Ag eeme t, the Compa y will issue a agg egate of 30,000,000 ew o di a y sha es at a issue p ice of US$8.00 pe sha e, ep ese ti g a agg egate co side atio of US$240,000,000, to the selli g sha eholde s of Wo de Kid. Upo completio , the ew sha es will ep ese t app oximately 87.72% of the Compa y’s e la ged issued o di a y sha es. Ce tai of the selli g sha eholde s, holdi g i agg egate 26,000,000 of the ew sha es, have ag eed to a stagge ed lock-up, with 20% eleased afte six mo ths, a fu the 20% afte twelve mo ths, a fu the 20% afte eightee mo ths, a d the emai i g 40% afte twe ty-fou mo ths. The Compa y has also ag eed to g a t customa y egist atio ights a d to use its best e deavou s to file a egist atio stateme t o Fo m F-1 withi th ee mo ths afte completio to egiste the esale of the ew sha es.
Followi g completio , by vi tue of a acti g-i -co ce t a a geme t betwee M . Mi g-Chia Hua g, the Compa y’s Chief Executive Office a d co t olli g sha eholde , a d ce tai of the selli g sha eholde s, M . Hua g, togethe with the pa ties acti g i co ce t with him, will co t ol a majo ity of the Compa y’s voti g ights a d will emai the co t olli g sha eholde of the Compa y. Completio of the Acquisitio is subject to the satisfactio of customa y closi g co ditio s a d is expected to occu o o a ou d August, 2026.
M . Mi g-Chia Hua g, Chief Executive Office of MKDWELL, said: “ The acquisitio of La dvisio ma ks a defi i g step i MKDWELL’s evolutio f om a focused automotive elect o ics ma ufactu e i to a dive sified i tellige t-device g oup. La dvisio ’s p emium sma t-home a d IoT po tfolio, its Matte -ce tified p oduct platfo m a d its apidly scali g etail a d e-comme ce cha els a e a atu al exte sio of ou embedded-elect o ics a d se so expe tise, a d we a e co fide t this combi atio will c eate mea i gful, lo g-te m value fo ou sha eholde s.”
Th ough ou ope ati g subsidia ies, we a e a ma ufactu e a d supplie of automotive elect o ics fo passe ge ca s, modified comme cial vehicles, campe va s a d logistics vehicles. Ou busi ess cove age exte ds ac oss the spect um of esea ch a d developme t, desig , p oductio a d sales of automotive elect o ic p oducts. Ou mai p oducts a e i tellige t campe va s co t ol systems, LiDAR se so s, i tellige t co tai e co t ol systems fo logistics vehicles, vehicle seat co t ol system, a d we p ovide custome s with ODM a d OEM customized se vices. We desig , ma ufactu e a d supply ou p oducts to ou custome s th ough ou desig ce te located i Hsi chu Scie ce Pa k, Taiwa a d ou ma ufactu i g pla t i Jiaxi g Scie ce a d Tech ology City, Jiaxi g City, Zhejia g P ovi ce, Chi a. Ou custome s a e mai ly based i Mai la d Chi a a d Taiwa .
This p ess elease co tai s fo wa d-looki g stateme ts. These stateme ts a e made u de the “safe ha bo ” p ovisio s of the US P ivate Secu ities Litigatio Refo m Act of 1995. These fo wa d-looki g stateme ts ca be ide tified by te mi ology such as “will,” “expects,” “a ticipates,” “futu e,” “i te ds,” “pla s,” “believes,” “estimates” a d simila stateme ts. Amo g othe thi gs, the busi ess outlook a d quotatio s f om ma ageme t i this a ou ceme t, as well as MKDWELL Tech I c.’s st ategic a d ope atio al pla s, co tai fo wa d-looki g stateme ts. MKDWELL Tech I c. may also make w itte o o al fo wa d-looki g stateme ts i its pe iodic epo ts to the US Secu ities a d Excha ge Commissio (“SEC”) o Fo ms 20-F a d 6-K, i its a ual epo t to sha eholde s, i p ess eleases a d othe w itte mate ials a d i o al stateme ts made by its office s, di ecto s o employees to thi d pa ties. Stateme ts that a e ot histo ical facts, i cludi g stateme ts about MKDWELL Tech I c.’s beliefs a d expectatio s, such as expectatio s with ega d to eve ue, a e fo wa d-looki g stateme ts. Fo wa d-looki g stateme ts i volve i he e t isks a d u ce tai ties. A umbe of facto s could cause actual esults to diffe mate ially f om those co tai ed i a y fo wa d-looki g stateme t, i cludi g but ot limited to the followi g: the Compa y’s ability to complete a d i teg ate the acquisitio desc ibed he ei a d to ealize its a ticipated be efits; fluctuatio s i the Compa y’s qua te ly ope ati g esults; competitio i its i dust y; cha gi g mac oeco omic a d geopolitical co ditio s, i cludi g evolvi g i te atio al t ade policies a d the impleme tatio of i c eased ta iffs, impo t est ictio s, a d etaliato y t ade actio s; a d eleva t gove me t policies a d egulatio s elati g to the Compa y. Fu the i fo matio ega di g these a d othe isks is i cluded i the Compa y’s fili gs with the SEC. The Compa y u de takes o obligatio to update a y fo wa d-looki g stateme t, except as equi ed u de applicable law.