Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 108

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 16G
Chunk 108
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ITEM 16G. CORPORATE GOVERNANCE

Corporate Governance

The business and affairs of the Company are managed
under the direction of our board of directors. We have conducted board meetings regularly since inception. Each of our directors has attended
all meetings either in person, via telephone conference, or the directors have passed resolutions through written consent. In addition
to the contact information in this annual report, the board has adopted procedures for communication with the officers and directors as
the date hereof. Each shareholder will be given specific information on how he/she can direct communications to the officers and directors
of the Company at our annual shareholders’ meetings. All communications from shareholders are relayed to the members of our board
of directors.

Foreign Private Issuer Exemption

We are a “foreign private issuer,”
as defined by the SEC. As a result, in accordance with the rules and regulations of Nasdaq, we may choose to comply with home country
governance requirements and certain exemptions thereunder rather than complying with Nasdaq corporate governance standards. We may choose
to take advantage of the following exemptions afforded to foreign private issuers:

  Exemption from filing quarterly reports on Form 10-Q,                                                                                
  from filing proxy solicitation materials on Schedule 14A or 14C in connection with annual or special meetings of shareholders, from  
  providing current reports on Form 8-K disclosing significant events within four days of their occurrence, and from the disclosure    
  requirements of Regulation FD.                                                                                                       
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  Exemption from Section 16 rules regarding sales of Ordinary                                                                                 

  Exemption from the Nasdaq rules applicable to domestic issuers                                                                          
  requiring disclosure within four business days of any determination to grant a waiver of the code of business conduct and ethics        
  to directors and officers. Although we will require board approval of any such waiver, we may choose not to disclose the waiver in the  
  manner set forth in the Nasdaq rules, as permitted by the foreign private issuer exemption.                                             
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  Exemption from the requirement that our board of directors                                                                          

  Exemption from the requirements that director nominees are                                                                                   

Furthermore, Nasdaq Rule 5615(a)(3) provides
that a foreign private issuer, such as us, may rely on our home country corporate governance practices in lieu of certain of