MKDWELL Tech Inc. has announced a stock repurchase agreement to buy back 34,580,000 shares at $0.203 per share, totaling $7 million. The purchase price was based on the average closing price over 12 trading days. The company aims to protect shareholder value and show confidence in its strategic direction despite market challenges. MKDWELL focuses on automotive electronics and smart home products using AIoT technology. The company’s Chairman and CEO, Mr. Ming-Chia Huang, emphasized the importance of leveraging technology to enhance consumers’ lives. MKDWELL Tech Inc. operates in Hsinchu Science Park, Taiwan, with a factory in Jiaxing, Zhejiang Province, China.

Read more at GlobeNewswire: MKDW repurchased approximately $7 million worth of its