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.