Company: WCT
Filing Date: 2025-10-07
Form Type: DRS
Source: 0001213900-25-096917
Chunk: 39

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-10-07
Form: DRS
Chunk 39
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 financial condition and could result in a complete loss of your investment.

The following disclosure is intended to highlight, update or supplement previously disclosed risk factors facing the Company set forth in the Company’s public filings. These risk factors should be carefully considered along with any other risk factors identified in the Company’s other filings with the SEC.

The Summary of Risk Factors can be found on page 2 of this registration statement on Form F-1.

Such risks are not exhaustive. We may face additional risks that are presently unknown to us or that we believe to be immaterial as of the date of this prospectus. Known and unknown risks and uncertainties may significantly impact and impair our business operations primarily through our subsidiaries in Hong Kong.

Risks Related to our Business and Industry

We may require additional financing to support our future capital requirements. Our ability to timely raise capital in the future may be limited, or may be unavailable on acceptable terms, if at all. Our failure to raise capital when needed could harm our business, operating results and financial condition. Debt or equity issued to raise additional capital may reduce the value of our Class A Ordinary Shares.

We have funded our operations since inception
primarily through equity and debt financings and payments by our customers for the use of our platform and related services. We cannot
be certain when or if our operations will generate sufficient cash to fund our ongoing operations or the growth of our business.

We intend to continue to make investments to support
our business and may require additional funds. In particular, we may seek additional funds to develop new products and enhance our platform
and existing products, expand our operations, including our sales and marketing organizations and our presence outside of Hong Kong,
improve our infrastructure or acquire complementary businesses, technologies, services, products and other assets. Accordingly, we may
need to engage in equity or debt financings to secure additional funds. Additional financing may not be available on favorable terms,
if at all. If adequate funds are not available on acceptable terms, we may be unable to invest in future growth opportunities, which could
harm our business, operating results and financial condition. If we incur additional debt, the debt holders could have rights senior to
holders of Class A Ordinary Shares to make claims on our assets. If we raise additional funds through future issuances of equity or convertible
debt securities, our shareholders may experience dilution, and the new equity securities could have rights senior to those of our Class
A Ordinary Shares. Because our decision to issue securities in the future offering will depend on numerous considerations