Company: WCT
Filing Date: 2025-10-07
Form Type: DRS
Source: 0001213900-25-096917
Chunk: 29

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-10-07
Form: DRS
Chunk 29
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 2021. Our current
auditor, SR CPA & Co., is also an independent registered public accounting firm registered with the PCAOB and subject to PCAOB
inspections with the applicable professional standards. SR CPA & Co. has not undergone a PCAOB inspection as of the date of this
prospectus. As of the date of this prospectus, neither WWC, P.C. nor SR CPA & Co. is subject to or affected by the PCAOB’s
December 2021 Determination Report. However, in the event it is later determined that the PCAOB is unable to inspect or investigate
completely WWC, P.C. or SR CPA & Co. because of a position taken by an authority in a foreign jurisdiction, such as the PRC authorities,
then such lack of inspection could cause trading in the Company’s securities to be prohibited under the HFCAA, and ultimately result
in a determination by a securities exchange to delist the Company’s securities. Furthermore, as more stringent criteria have been
imposed by the SEC and the PCAOB, recently, which would add uncertainties to our offering, and we cannot assure you whether Nasdaq or
regulatory authorities would apply additional and more stringent criteria to us after considering the effectiveness of our auditor’s
audit procedures and quality control procedures, adequacy of personnel and training, or sufficiency of resources, geographic reach or
experience as it relates to the audit of our financial statements. See “Risk Factors — Risks Related to our Class A Ordinary Shares and this Offering — Our Class A Ordinary Shares may be prohibited from being traded on a national exchange under the Holding Foreign Companies Accountable Act if the PCAOB is unable to inspect our auditors. The delisting of our Class A Ordinary Shares, or the threat of their being delisted, may materially and adversely affect the value of your investment. Furthermore, on June 22, 2021, the U.S. Senate passed the Accelerating Holding Foreign Companies Accountable Act, which was signed into law on December 29, 2022, amending the HFCAA to require the SEC to prohibit an issuer’s securities from trading on any U.S. stock exchanges if its auditor is not subject to PCAOB inspections for two consecutive years instead of three” on page 27.

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Implications of Being an “Emerging Growth Company” As a company with less than $1.235 billion in revenue during our last fiscal year, we qualify as an “em