Company: WCT
Filing Date: 2025-10-07
Form Type: DRS
Source: 0001213900-25-096917
Chunk: 56

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-10-07
Form: DRS
Chunk 56
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 par value of $0.00005 per share, of which 145,265,000 Class A Ordinary Shares and 8,000,000 Class B Ordinary
Shares are outstanding. Holders of Class A Ordinary Shares and Class B Ordinary Shares shall at all times vote together as one class on
all matters submitted to a vote by the shareholders. Each Class A Ordinary Share has one (1) vote, and each Class B Ordinary Share has
thirty-five (35) votes. The Class B Ordinary Shares can be convertible into Class A Ordinary Shares or any other equity securities authorized
to be issued by the Company. The currently Class B Ordinary Shares outstanding are beneficially owned by Mr. Shek Kin Pong, the Chairman
of our Board of Directors and the Chief Executive Officer and represents 69.32% of the aggregate voting power of our currently outstanding
ordinary shares as of the date hereof. Because of the thirty-five-to-one voting ratio between our Class B and Class A Ordinary Shares,
the holder of our Class B Ordinary Shares will continue to control a majority of the combined voting power of our Class A Ordinary Shares
and Class B Ordinary Shares and therefore be able to control all matters submitted to our shareholders for approval so long as the shares
of Class B Ordinary Shares represent at least a majority of the voting power of all outstanding Class A Ordinary Shares. This concentrated
control will limit the ability of holders of Class A Ordinary Shares to influence corporate matters for the foreseeable future.

The sale or availability for sale of substantial amounts of our Class A Ordinary Shares could adversely affect their market price.

Sales of substantial amounts of our Class A Ordinary
Shares in the public market could adversely affect the market price of our Class A Ordinary Shares and could materially impair our ability
to raise capital through equity offerings in the future. Shares held by our existing shareholders may be sold in the public market in
the future subject to the restrictions in Rule 144 and Rule 701 under the Securities Act and the applicable
lock-up agreements, if any. We cannot predict what effect, if any, market sales of securities held by our significant shareholders or
any other shareholder or the availability of these securities for future sale will have on the market price of our Class A Ordinary Shares.

In the event that our Class A Ordinary Shares are delisted from Nasdaq, U.S. broker-dealers may be discouraged from effecting transactions in our Class A Ordinary Shares because they may be considered penny stocks and thus be subject to the penny stock rules.

The SEC has adopted