Company: WCT
Filing Date: 2025-12-05
Form Type: 424B3
Source: 0001213900-25-118563
Chunk: 48

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-05
Form: 424B3
Chunk 48
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 us or our Operating Subsidiary in Hong Kong, our operation
and the continued listing of our Class A Ordinary Shares in the United States could be subject to the CAC’s cybersecurity review
or the CSRC review in the future. If the applicable laws, regulations, or interpretations change and our Operating Subsidiaries become
subject to the CAC or CSRC review, we cannot assure you that our Operating Subsidiary will be able to comply with the regulatory requirements
in all respects and our current practice of collecting and processing personal information may be ordered to be rectified or terminated
by regulatory authorities. Compliance with these laws and regulations could significantly increase the cost to us of providing our service
offerings, require significant changes to our operations or even prevent us from providing certain service offerings in jurisdictions
in which we currently operate or in which we may operate in the future. If there is a significant change to the current political arrangements
between Mainland China and Hong Kong, or the applicable laws, regulations, or interpretations change, and/or if we were required
to obtain such permissions or approvals in the future in connection with the listing or continued listing of our securities on a stock
exchange outside of the PRC, it is uncertain how long it will take for us to obtain such approval, and, even if we obtain such approval,
the approval could be rescinded. Any failure to obtain or a delay in obtaining the necessary permissions from the PRC authorities to conduct
offerings or list outside of the PRC may subject us to sanctions imposed by the CSRC, CAC, or other PRC regulatory authorities. It could
include fines and penalties, proceedings against us, and other forms of sanctions, and our ability to conduct our business, invest in
Mainland China as foreign investments or accept foreign investments, ability to offer or continue to offer Class A Ordinary Shares to
investors or list on the U.S. or other overseas exchange may be restricted, and the value of our Class A Ordinary Shares may significantly
decline or be worthless, our business, reputation, financial condition, and results of operations may be materially and adversely affected.
The CSRC, the CAC, or other PRC regulatory agencies also may take actions requiring us, or making it advisable for us, to halt this offering
before settlement and delivery of our Class A Ordinary Shares. In addition, if the CSRC, the CAC, or other regulatory PRC agencies later
promulgate new rules requiring that we obtain their approvals