Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 51

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 4A
Chunk 51
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864      100.0  
  Others                                                      5,042        4,581                     (461       (9.2  
  TOTAL OPERATING EXPENSES                                  379,194      758,928                  379,734      100.1  

Operating expenses includes selling expenses and
administrative expenses for the daily operations of the Company. For the years ended December 31, 2022 and 2023, total operating
expenses were US$379,194 and US$759,928, respectively. The increase of operating expenses by US$379,734 or 100.1% was mainly due to the
increase in rental and office expenses and legal and professional fees for the year ended December 31, 2023. Increase in rental and
office expenses by US$54,124 or 97.0% from US$55,823 for the year ended December 31, 2022 to US$109,947 for the year ended December 31,
2023 was mainly due to the lease of a new corporate office in November 2022 with higher rent and the monthly rent increase from approximately
US$1,659 for previous corporate office to approximately US$8,558 for the new corporate office in 2023 due to larger area. Increase in
legal and professional fees by US$312,776 or 506.0% from US$61,818 for the year ended December 31, 2022 to US$374,594 for the year
ended December 31, 2023 was mainly due to the increase in audit fee of US$368,552 for the IPO purpose.

Staff cost and employee benefits in operating
expenses comprised of marketing personnels and administrative personnels for years ended December 31, 2022 and 2023. the staff costs and
employee benefits for administrative personnels mainly represents finance department, administrative department and senior management
which was increased by US$190,979 or 529.6% from US$36,063 for the year ended December 31, 2022 to US$227,042 for the year ended December
31, 2023 was mainly due to the senior management staffs were hired in last quarter in 2022. The staff costs and employee benefits for
marketing personnels decreased by US$192,830 or 100.0% from US$192,830 for the year ended December 31, 2022 to Nil for the year ended
December 31