Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 29

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 4A
Chunk 29
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ITEM 4A. UNRESOLVED STAFF COMMENTS

Not Applicable.

ITEM 5. OPERATING AND FINANCIAL REVIEW AND
PROSPECTS

MANAGEMENT’ S DISCUSSION AND ANALYSIS OF

The following discussion and analysis of our
financial condition and results of operations should be read in conjunction with our consolidated financial statements and related notes
included elsewhere in this report. This discussion and analysis and other parts of this report contain forward-looking statements
based upon current beliefs, plans and expectations that involve risks, uncertainties and assumptions. Our actual results and the timing
of selected events could differ materially from those anticipated in these forward-looking statements as a result of several factors,
including those set forth under “ Risk Factors” and elsewhere in this report. You should carefully read the “ Risk
Factors” section of this report to gain an understanding of the important factors that could cause actual results to differ
materially from our forward-looking statements.

Overview

We are an enterprise software solution services
provider headquartered in Hong Kong. We conduct operations through our Operating Subsidiary in Hong Kong, Wching HK. We
provide customized software solutions, cloud-based software-as-a-service (“ SaaS”) platforms, and “white-label”
software design and development services. Our mission is to empower our customers and users, in particular, SMBs, to accelerate their
digital transformation, optimize productivity, improve customer experiences, and enable resource-efficient growth with our low-cost, user-friendly,
reliable and integrated all-in-one Enterprise Resource Planning (“ ERP”) software solutions.

We believe that SMBs are, and will continue to
be, a vital component of the economy. However, we have observed that most SMBs rely on antiquated, laborious, inefficient processes or
software systems to manage and execute most of their back-office and front-office operational functions. To compete effectively, we believe
SMBs require modern integrated software solutions that can automate and streamline operational functions to reduce costs and allow them
to focus on higher value-added activities. Furthermore, the COVID-19 pandemic also accelerated technology adoption by SMBs as they were
required to respond to new challenges, such as facilitating remote work and finding new methods to engage with customers. At the same
time, SMBs also have distinctive technology needs when adopting and transforming to software technologies - we believe
SMBs prefer low-cost solutions that are easy to implement, onboard, and integrate and require little ongoing maintenance.

We focused on innovation, agility, and reliability,
enabling us to