Company: WCT
Filing Date: 2025-12-05
Form Type: 424B3
Source: 0001213900-25-118563
Chunk: 74

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-05
Form: 424B3
Chunk 74
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 are or will become a PFIC is a fact-intensive inquiry made on an annual
basis that depends, in part, upon the composition of our income and assets. In addition, there can be no assurance that the Internal Revenue
Service, or IRS, will agree with our conclusion or that the IRS would not successfully challenge our position. Fluctuations in the market
price of our Class A Ordinary Shares may cause us to become a PFIC for the current or subsequent taxable years because the value of our
assets for the purpose of the asset test may be determined by reference to the market price of our Class A Ordinary Shares. The composition
of our income and assets may also be affected by how and how quickly we use our liquid assets and cash. If we were to be or become a PFIC
for any taxable year during which a U.S. Holder holds our Class A Ordinary Shares, certain adverse U.S. federal income tax consequences
could apply to such U.S. Holder and such U.S. Holder may be subject to additional reporting requirements. For a more detailed discussion
of the application of the PFIC rules to us and the consequences to U.S. taxpayers if we were or are determined to be a PFI.

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Our lack of effective internal controls over financial reporting may affect our ability to accurately report our financial results or prevent fraud which may affect the market for and price of our Class A Ordinary Share.

To implement Section 404 of the Sarbanes-Oxley
Act of 2002, the SEC adopted rules requiring public companies to include a report of management on the company’s internal control
over financial reporting. Prior to filing this prospectus, we were a private company with limited accounting personnel and other resources
for addressing our internal control over financial reporting. Our management has not completed an assessment of the effectiveness of our
internal control over financial reporting and our independent registered public accounting firm has not conducted an audit of our internal
control over financial reporting. Our independent registered public accounting firm did not conduct an audit of our internal control over
financial reporting. However, in connection with the audits of our consolidated financial statements as of December 31, 2024 and 2023,
we and our independent registered public accounting firm identified a few material weaknesses in our internal control over financial reporting
PCAOB of the United States, a “material weakness” is a deficiency, or a combination of deficiencies, in internal control over
financial reporting, such that there is a reasonable possibility that