Company: WCT
Filing Date: 2025-12-02
Form Type: F-1
Source: 0001213900-25-116978
Chunk: 117

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-02
Form: F-1
Chunk 117
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 Holder of “marketable stock”
(as defined below) in a PFIC may make a mark-to-market election for such stock to elect out of the tax treatment discussed above.
If you make a mark-to-market election for the Class A Ordinary Shares, you will include in income each year an amount equal to the
excess, if any, of the fair market value of the Class A Ordinary Shares as of the close of your taxable year over your adjusted basis
in such Ordinary Shares. You are allowed a deduction for the excess, if any, of the adjusted basis of the Class A Ordinary Shares over
their fair market value as of the close of the taxable year. However, deductions are allowable only to the extent of any net mark-to-market gains
on the Class A Ordinary Shares included in your income for prior taxable years. Amounts included in your income under a mark-to-market election,
as well as gain on the actual sale or other disposition of the Class A Ordinary Shares, are treated as ordinary income. Ordinary loss
treatment also applies to the deductible portion of any mark-to-market loss on the Class A Ordinary Shares, as well as to any loss
realized on the actual sale or disposition of the Class A Ordinary Shares, to the extent that the amount of such loss does not exceed
the net mark-to-market gains previously included for such Ordinary Shares. Your basis in the Class A Ordinary Shares will be adjusted
to reflect any such income or loss amounts. If you make a valid mark-to-market election, the tax rules that apply to distributions
by corporations which are not PFICs would apply to distributions by us, except that the lower applicable capital gains rate for qualified
dividend income discussed above under “— Taxation of Dividends and Other Distributions on our Class A Ordinary Shares”
generally would not apply.

The mark-to-market election is available
only for “marketable stock,” which is stock that is traded in other than de minimis quantities on at least 15 days during
each calendar quarter (“regularly traded”) on a qualified exchange or other market (as defined in applicable U.S. Treasury
regulations), including the Nasdaq Capital Market. If the Class A Ordinary Shares are regularly traded on the Nasdaq Capital Market and
if you are a holder of the Class A Ordinary Shares, the mark-to-market election would be available to you were we to be or become
a PFIC.

Alternatively, a U.S. Holder of stock in
a PFIC may make a “qualified