Company: WCT
Filing Date: 2025-12-05
Form Type: 424B3
Source: 0001213900-25-118563
Chunk: 120

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-05
Form: 424B3
Chunk 120
---
 with respect
to Hong Kong law, has advised us that judgment of United States courts cannot be directly enforced in Hong Kong in accordance
with the Foreign Judgments (Reciprocal Enforcement) Ordinance (Cap. 319) (the “Ordinance”), as the application of the Ordinance
is limited to judgments entered in designated jurisdictions, which currently include: Australia, Austria, Belgium, Bermuda, Brunei, France,
Germany, India, Israel, Italy, Malaysia, The Netherlands, New Zealand, and Singapore and Sri Lanka. The common law permits an action to
be brought upon a foreign judgment, but it is subject to various conditions including, but not limited to, that the foreign judgement
must (1) be for a definite sum of money; (2) be final and conclusive; and (3) have been entered by a court with competent
jurisdiction over the defendant. The defenses that are available to a defendant in a common law action brought on the basis of a foreign
judgment include lack of jurisdiction, breach of natural justice, fraud, and contrary to public policy. However, a separate legal action
for debt must be commenced in Hong Kong in order to recover such debt from the judgment debtor.

Cayman Islands

Ogier, our counsel as to the laws of the Cayman
Islands, has advised us that there is uncertainty as to whether the courts of the Cayman Islands would (i) recognize or enforce judgments
of U.S. courts obtained against us or our directors or officers predicated upon the civil liability provisions of the securities
laws of the United States or any state in the United States, or (ii) entertain original actions brought in the Cayman Islands
against us or our directors or officers predicated upon the securities laws of the United States or any state in the United States.

Ogier has informed us that there is uncertainty
with regard to Cayman Islands law related to whether a judgment obtained from the U.S. courts under civil liability provisions of
U.S. securities laws will be determined by the courts of the Cayman Islands as penal or punitive in nature. If such a determination
is made, the courts of the Cayman Islands will not recognize or enforce the judgment against a Cayman Islands company, such as our company.
As the courts of the Cayman Islands have yet to rule on making such a determination in relation to judgments obtained from U.S. courts
under civil liability provisions of U.S. securities laws, it is uncertain whether such judgments would