Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 127

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 19
Chunk 127
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 impact the future use of the assets) indicate that the carrying value of an asset may not
be recoverable. In evaluating long-lived assets for recoverability, the Company uses its best estimate of future cash flows expected to
result from the use of the asset and eventual disposition in accordance with FASB ASC 360-10-15. To the extent that estimated future,
undiscounted cash inflows attributable to the asset, less estimated future, undiscounted cash outflows, are less than the carrying amount,
an impairment loss is recognized in an amount equal to the difference between the carrying value of such asset and its fair value. Assets
to be disposed of and for which there is a committed plan of disposal, whether through sale or abandonment, are reported at the lower
of carrying value or fair value less costs to sell. If an impairment is identified, The Company would reduce the carrying amount of the
asset to its estimated fair value based on a discounted cash flows approach or, when available and appropriate, to comparable market values.
As of December 31, 2023 and 2024, no impairment of long-lived assets was recognized.

Investment, net

The Company invests in equity securities that
have readily determinable fair values.

Equity securities with readily available marketable
trading price consist of investment in mutual fund marketed by a financial institution. The equity securities are not insured against
loss of principal and bearing a fixed interest of HK$231(approximately US$30) per month. This investment is accounted for as financial
instruments that are marked to fair market value at the end of each reporting period with any unrealized gains or losses reported in statements
in operations. As of December 31, 2023 and 2024, the investment was recorded at fair value of US$5,820and US$6,029, which were traded
at a closing price of HK$9.08and HK$9.32per share, respectively.

For the years ended December 31, 2022, 2023 and 2024, the
Company had unrealized investment loss of US$693, unrealized investment gain of US$337and US$356, respectively, and interest income of
US$289, US$305and US$356, respectively.

As of December 31, 2023 and 2024, the
investment was recorded at fair value of US$5,820 and US$6,920, which were traded at