Company: WCT
Filing Date: 2025-12-05
Form Type: 424B3
Source: 0001213900-25-118563
Chunk: 113

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-05
Form: 424B3
Chunk 113
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 substantial penalties. You should consult your own
tax advisor regarding your obligation to file Form 8938.

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Passive Foreign Investment Company

Based on our current and anticipated operations
and the composition of our assets, we were not a PFIC for U.S. federal income tax purposes for the taxable year ended December 31,
2024 and the taxable year ended December 31, 2023. Depending on the amount of cash we raise in this Offering, together with any other
assets held for the production of passive income, it is possible that, for our taxable year ending December 31, 2025 or for any subsequent
year, more than 50% of our assets may be assets which produce passive income, in which case we would be deemed a PFIC, which could have
adverse US federal income tax consequences for US taxpayers who are shareholders. We will make this determination following the end of
any particular tax year. PFIC status is a factual determination for each taxable year which cannot be made until the close of the taxable
year. A non-U.S. corporation is considered a PFIC, as defined in Section 1297(a) of the US Internal Revenue Code (“IRC”),
for any taxable year if either:

| ● | at least 75% of its gross income is passive income; or |

| ● | at least 50% of the value of its assets (based on an average                                                                          
 of the quarterly values of the assets during a taxable year) is attributable to assets that produce or are held for the production of 
 passive income (the “asset test”).                                                                                                    |

We will be treated as owning our proportionate
share of the assets and earning our proportionate share of income of any other corporation in which we own, directly or indirectly, at
least 25% (by value) of the stock.

We must make a separate determination each year
as to whether we are a PFIC, however, and there can be no assurance with respect to our status as a PFIC for our current taxable year
or any future taxable year. Depending on the amount of cash we raise in this Offering, together with any other assets held for the production
of passive income, it is possible that, for our current taxable year or for any subsequent taxable year, more than 50% of our assets may
be assets held for the production of passive income. We will make this determination following the end of any particular tax year. In