Company: WCT
Filing Date: 2025-12-02
Form Type: F-1
Source: 0001213900-25-116978
Chunk: 63

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-02
Form: F-1
Chunk 63
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 analyst coverage; and      |

| ● | a decreased ability to issue                                        
 additional securities or obtain additional financing in the future. |

Our Board of Directors may refuse or delay the registration of the transfer of Class A Ordinary Shares in certain circumstances.

Except in connection with the settlement of trades
or transactions entered into through the facilities of a stock exchange or automated quotation system on which our Class A Ordinary Shares
are listed or traded from time to time, our Board of Directors may resolve to refuse or delay the registration of the transfer of our
Class A Ordinary Shares. Where our directors do so, they must specify the reason(s) for this refusal or delay in a resolution of the board
of directors. Our directors may also refuse or delay the registration of any transfer of Class A Ordinary Shares if the transferor has
failed to pay an amount due in respect to those Class A Ordinary Shares. If our directors refuse to register a transfer, they shall, as
soon as reasonably practicable, send the transferor and the transferee a notice of the refusal or delay in the approved form.

This, however, will not affect market transactions
of the Class A Ordinary Shares purchased by investors in a public offering. Where the Class A Ordinary Shares are listed on a stock exchange,
the Class A Ordinary Shares may be transferred without the need for a written instrument of transfer, if the transfer is carried out in
accordance with the rules of the stock exchange and other requirements applicable to the Class A Ordinary Shares listed on the stock exchange.

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The sale or availability for sale of substantial amounts of our Class A Ordinary Shares in the public market could adversely affect their market price.

Sales of substantial amounts of our Class A Ordinary
Shares in the public market, or the perception that these sales could occur, could adversely affect the market price of our Class A Ordinary
Shares and could materially impair our ability to raise capital through equity offerings in the future. On February 8, 2024, we filed
the registration statement on Form F-1 with the SEC (File No. 333-276946) (as amended, the “Resale Prospectus”), which was
declared effective on September 30, 2024, for one (1) existing shareholder of the Company to register its existing shareholding of 900,000
Class A Ordinary Shares. These shares, which were sold together with the 1,100,000 Class A Ordinary Shares in our initial public offering,
are freely tradable