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

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 4
Chunk 16
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 response to the increasing demand from our SMBs customers
for accessible, affordable, comprehensive, and user-friendly ERP software solutions. Given their size and resource capabilities, SMBs
generally require lower-priced and easier-to-implement technology solutions than larger-scale enterprise businesses. Mr. CLOUD is
a platform with multi-module, multi-tenant, scalable, cloud-based enterprise ERP software solutions that can be set up, integrated, and
used from any device in customers’ daily operation across platforms - through Mr. CLOUD website, iOS and Android
applications. We use MR. CLOUD as a cloud-based software delivery model to develop, deliver, and maintain a variety of ERP software
and applications modules in a single platform, merging all of our customers’ business processes on a single platform instead of
having different software and applications for each function of its business. Mr. CLOUD is easy to use, so users don’t need
extra training.

For a monthly subscription fee, instead of a
licensing fee, we believe MR. CLOUD is more affordable than our competitors in the market. For instance, Oracle Corporation’s
Cloud ERP platform costs about HK$1 million, and SAP SE’s SAP ERP is around HK$3 to HK$4 million. In contrast, our ERP
products are priced at under HK$100,000. Our customers can log in to their account and use the collection of software for their business
and operation, regardless of location. We offer a 14-day trial period to allow our potential users to experience the MR. CLOUD platform
before confirming their subscription. After the trial period, customers can either start on the basic package with pay-to-upgrade options
or choose the advanced plans to use the whole range of software and application housed on MR. CLOUD. We also constantly develop
new application offerings to supplement the MR. CLOUD software collection and provide routine automatic updates and improvements
to the software and applications on MR. CLOUD.

MR. CLOUD incorporates ten modules, namely:
Human Resources Management, Project Management, Email Marketing Automation, Financial and Accounting Management, Quotation and Invoice
Management, Inventory Management, Group Messenger, Customer Relationship Management (CRM), Sales Management and File Management, enabling
our customers and the employee-end user of our customers to handle multiple activities with one platform. The details of the modules of
MR. CLOUD are as follows:

  i.        Human Resources Management               The Human Resources Management module helps organize, staff, compensate and develop the workforce of SMB