Company: WCT
Filing Date: 2025-12-05
Form Type: 424B3
Source: 0001213900-25-118563
Chunk: 117

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-05
Form: 424B3
Chunk 117
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 election” creates a deemed sale
of such Ordinary Shares at their fair market value on the last day of the last year in which we are treated as a PFIC. The gain
recognized by the purging election will be subject to the special tax and interest charge rules treating the gain as an excess distribution,
as described above. As a result of the purging election, you will have a new basis (equal to the fair market value of the Class A Ordinary
Shares on the last day of the last year in which we are treated as a PFIC) and holding period (which new holding period will begin
the day after such last day) in your Class A Ordinary Shares for tax purposes.

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IRC Section 1014(a) provides for a step-up in
basis to the fair market value for our Class A Ordinary Shares when inherited from a decedent that was previously a holder of our Class
A Ordinary Shares. However, if we are determined to be a PFIC and a decedent that was a U.S. Holder did not make either a timely
qualified electing fund election for our first taxable year as a PFIC in which the U.S. Holder held (or was deemed to hold) our Class
A Ordinary Shares, or a mark-to-market election and ownership of those Class A Ordinary Shares are inherited, a special provision
in IRC Section 1291(e) provides that the new U.S. Holder’s basis should be reduced by an amount equal to the IRC
Section 1014 basis minus the decedent’s adjusted basis just before death. As such if we are determined to be a PFIC at any
time prior to a decedent’s passing, the PFIC rules will cause any new U.S. Holder that inherits our Class A Ordinary Shares
from a U.S. Holder to not get a step-up in basis under IRC Section 1014 and instead will receive a carryover basis in those
Class A Ordinary Shares.

You are urged to consult your tax advisors regarding
the application of the PFIC rules to your investment in our Class A Ordinary Shares and the elections discussed above.

Cayman Islands Taxation

The Cayman Islands currently levies no taxes on
individuals or corporations based upon profits, income, gains or appreciation and there is no taxation in the nature of inheritance tax
or estate duty. There are no other taxes likely to be material to us levied by the government of the Cayman Islands except for stamp