Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 6

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 4
Chunk 6
---
 chain management, Customer Relationship Management (“ CRM”), professional services automation, project and
file management, human resources management, e-commerce, and marketing automation. Our portfolio of software and applications modules
also allows our customers and users to scale up and customize to meet specific business and operation needs.

The principal market we operate in is Hong Kong.
As set forth in the following table, our revenue was derived from the sale of customized software solutions, white label software, and
subscription services, and all revenues are generated from Hong Kong.

                                     Years ended December 31,                                                                
                                     2023                                                    2024                            
                                     US$                                                     US$                             
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Customized software solutions                                    1,813,678       72.8                1,119,210       48.5  
  White label software                                               382,527       15.4                  748,770       32.4  
  Subscription services                                              293,790       11.8                  441,238       19.1  
  Total                                                            2,489,995      100.0                2,309,218      100.0  

                                     Years ended December 31,                                                                
                                     2022                                                    2023                            
                                     US$                                                     US$                             
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Customized software solutions                                      841,511       50.3                1,813,678       72.8  
  White label software                                               766,211       45.9                  382,527       15.4  
  Subscription services                                               63,395        3.8                  293,790       11.8  
  Total                                                            1,671,117      100.0                2,489,995      100.0  

Our business has experienced significant growth.
Our total revenue decreased by approximately US$180,777 or 7.3% to approximately US2,309,218 for the year ended December 31, 2024 from
approximately US2,489,995 for the year ended December 31, 2023. Our total revenues increased by approximately US$818,878 or 49.0% to approximately
US$2,489,995 for the year ended December 31, 2023 from approximately US$1,671