Company: WCT
Filing Date: 2025-12-02
Form Type: F-1
Source: 0001213900-25-116978
Chunk: 23

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-02
Form: F-1
Chunk 23
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 the requirements that an issuer (i) file with the CSRC within three business days
after it submits an application for initial public offering to the competent overseas regulator and (ii) file subsequent reports
with the CSRC on material events, including change of control and voluntary or forced delisting, after its overseas offering and listing.

Wellchange Cayman is a holding company incorporated
in the Cayman Islands with an operating entity solely based in Hong Kong, and it does not have any subsidiary or VIE in Mainland
China or intend to acquire any equity interest in any domestic companies within Mainland China, nor is it controlled by any companies
or individuals of Mainland China. Further, we are headquartered in Hong Kong with our officers, and all members of the board of directors
based in Hong Kong who are not Mainland China citizens and all of our revenues and profits are generated by our Operating Subsidiary
in Hong Kong and we have not generated revenues or profits from Mainland China in the most recent accounting year accounts for more
than 50% of the corresponding figure in our audited consolidated financial statements for the same period. As such, we do not believe
we would be subject to PRC law and regulations or be required to file with the CSRC under the Trial Administrative Measures.

We do not currently expect the Trial Administrative
Measures to have an impact on our business, operations or this Offering, nor do we anticipate the we or our Hong Kong subsidiary
are covered by permission requirements from the CAC that is required to approve our Hong Kong subsidiary’s operations, as we
do not believe that we may be deemed to be an “operator of critical information infrastructure” or a “data processor”
controlling personal information of no less than one million users, that are required to file for cybersecurity review before listing
in the U.S., because (i) all of our operations are conducted by our Hong Kong subsidiary which currently solely serve the Hong Kong
local market, we currently have no operations in Mainland China; (ii) we do not have or intend to have any subsidiary, nor do we
have or intend to establish a VIE structure with any entity in Mainland China, nor we are controlled by any Mainland Chinese company or
individual directly or indirectly; (iii) as of the date of this prospectus, Wching HK did not collect or store any personal information
of individual customers of Mainland China; (v) we do not place any reliance on collection and processing of any personal