Company: WCT
Filing Date: 2025-12-05
Form Type: 424B3
Source: 0001213900-25-118563
Chunk: 6

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-05
Form: 424B3
Chunk 6
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 laid down in the BVI
Business Companies Act 2004 (As Revised) and memorandum and articles of association of the relevant Wellchange Cayman’s subsidiary
incorporated under the laws of the BVI. As a holding company, Wellchange Cayman may rely on dividends and other distributions on
equity paid by its subsidiaries for its cash and financing requirements. According to the BVI Business Companies Act 2004 (As Revised),
a BVI company may make dividends distribution to the extent that immediately after the distribution, the value of the company’s
assets exceeds its liabilities and that such a company is able to pay its debts as they fall due. According to the Companies Ordinance
of Hong Kong, a Hong Kong company may only make a distribution out of profits available for distribution. If any of Wellchange
Cayman’s subsidiaries incur debt on its own behalf in the future, the instruments governing such debt may restrict their ability
to pay dividends to Wellchange Cayman. Additionally, as of the date of this prospectus, there are no further BVI or Hong Kong statutory
restrictions on the amount of funds which may be distributed by us by dividend. However, in the future, funds may not be available to
fund operations or for other use outside of Hong Kong, due to interventions in, or the imposition of restrictions and limitations
on, our ability or on our HK subsidiary’s ability by the PRC government to transfer cash. Any limitation on the ability of our HK
subsidiary to make payments to us could have a material adverse effect on our ability to conduct our business and might materially decrease
the value of our Class A Ordinary Shares or cause them to be worthless. For a more detailed discussion of how the cash is transferred
within our organization, see “Item 3. Key Information — Transfers of Cash to and from Our Subsidiaries”
in the 2024 Annual Report incorporated by reference in this prospectus and “Risk Factors — Risks Related to Our Class A Ordinary Shares and This Offering — We rely on dividends and other distributions on equity paid by our subsidiaries to fund any cash and financing requirements we may have. In the future, funds may not be available to fund operations or for other use outside of Hong Kong, due to interventions in, or the imposition of restrictions and limitations on, our ability or our HK subsidiary by the PRC government to transfer cash. Any limitation on the ability of our subsidiaries to make payments to us could have a material adverse effect on our ability