MKDW repurchased approximately $7 million worth of its outstanding ordinary shares.
Hsinchu, Taiwan, Jan. 02, 2026 (GLOBE NEWSWIRE) -- MKDWELL Tech Inc. (NASDAQ: MKDW) ("MKDWELL" or the "Company"), an automotive electronics manufacturer, today announced that it has entered into stock repurchase agreements with certain shareholders, pursuant to which the Company has agreed to repurchase 34,580,000 ordinary shares at a price of US$0.203 per share, for an aggregate purchase price of approximately US$7 million, through a privately negotiated transaction (the "Share Repurchase"). The purchase price represents the average closing price of the Company's ordinary shares over twelve (12) trading days immediately preceding December 16, 2025, after excluding the highest and lowest closing prices. The closing of the Share Repurchase was expected to occur within five business days from December 21, 2025, unless another time, date or place is agreed to by the parties thereto, subject to standard closing conditions.
Mr. Ming-Chia, Huang, Chairman and CEO of MKDWELL Tech Inc., stated, "Given the recent market conditions, we believe the company's share price significantly undervalues the advantages of our business model and its long-term growth potential. Initiating this share repurchase transaction aims to actively protect shareholder value while demonstrating our confidence in the company's strategic direction. Despite the challenges posed by current macroeconomic volatility and new US tariffs, we will remain focused on leveraging AIOT technology to comprehensively enhance consumers' lives."
About MKDWELL Tech Inc.
MKD Technology Inc., the main operating subsidiary of the Company, was founded in 2006 and is headquartered in Hsinchu Science Park, Taiwan, with a factory located in Jiaxing, Zhejiang Province, China. It focuses on developing automotive electronics and smart home products using AIoT technology. For more information about MKDWELL, please visit http://www.mkdwell.com
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