Company: WCT
Filing Date: 2025-12-05
Form Type: 424B3
Source: 0001213900-25-118563
Chunk: 40

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-05
Form: 424B3
Chunk 40
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 may be
substantial uncertainties regarding the interpretation and application of PRC laws and regulations, including but not limited to the laws
and regulations related to our business and the enforcement and performance of our arrangements with customers in certain circumstances.
The laws and regulations are sometimes vague and may be subject to future changes, and their official interpretation and enforcement may
involve substantial uncertainty. The effectiveness and interpretation of newly enacted laws or regulations, including amendments to existing
laws and regulations, may be delayed, and our business may be affected if we rely on laws and regulations which are subsequently adopted
or interpreted in a manner different from our understanding of these laws and regulations. New laws and regulations that affect existing
and proposed future businesses may also be applied retroactively. We cannot predict what effect the interpretation of existing or new
PRC laws or regulations may have on our business.

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The laws, regulations, and other government directives
in Mainland China may also be costly to comply with, and such compliance or any associated inquiries or investigations or any other government
actions may:

| ● | delay or impede our development; |

| ● | result in negative publicity or increase our operating costs; |

| ● | require significant management time and attention; |

| ● | cause a devaluation of our securities or delisting; and, |

| ● | subject us to remedies, administrative penalties and even                                                                                
 criminal liabilities that may harm our business, including fines assessed for our current or historical operations, or demands or orders 
 that we modify or even cease our business operations.                                                                                    |

We are aware that recently, the PRC government
initiated a series of regulatory actions and statements to regulate business operations in certain areas in Mainland China with little
advance notice, including cracking down on illegal activities in the securities market, enhancing supervision over Mainland China-based
companies listed overseas using a variable interest entity structure, adopting new measures to extend the scope of cybersecurity reviews,
and expanding the efforts in anti-monopoly enforcement. We have no operations in Mainland China. Our Operating Subsidiary is located and
operates in Hong Kong, a special administrative region of the PRC. As advised by Khoo & Co., our counsel as to the
laws of Hong Kong, pursuant to the Basic Law of Hong Kong, or the Basic Law, which is a national law of the PRC and the constitutional
document for Hong Kong, national laws of the PRC shall not be applied in Hong Kong except for those listed