Company: WCT
Filing Date: 2025-12-02
Form Type: F-1
Source: 0001213900-25-116978
Chunk: 71

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-02
Form: F-1
Chunk 71
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 the foreseeable future. We anticipate that we will retain any earnings to support operations and finance the growth
and development of our business. If any of our subsidiaries incur debt on its own behalf in the future, the instruments governing the
debt may restrict its ability to pay dividends or make other distributions to us.

According to the BVI Business Companies Act 2004
(As Revised), a BVI company may make dividends distribution to the extent that immediately after the distribution, the value of the company’s
assets exceeds its liabilities and that such a company is able to pay its debts as they fall due. According to the Companies Ordinance
of Hong Kong, a Hong Kong company may only make a distribution out of profits available for distribution. Under the current practice of
the Inland Revenue Department of Hong Kong, no tax is payable in Hong Kong in respect to dividends paid by us. The PRC laws and regulations
do not currently have any material impact on transfers of cash from Wellchange Cayman to Wching HK or from Wching HK to Wellchange Cayman,
our shareholders and U.S. investors. However, the Chinese government may, in the future, impose restrictions or limitations on our ability
to transfer money out of Hong Kong, to distribute earnings and pay dividends to and from the other entities within our organization, or
to reinvest in our business outside of Hong Kong. Such restrictions and limitations, if imposed in the future, may delay or hinder the
expansion of our business to outside of Hong Kong and may affect our ability to receive funds from our operating subsidiary in Hong Kong.
The promulgation of new laws or regulations, or the new interpretation of existing laws and regulations, in each case, that restrict or
otherwise unfavorably impact the ability or way we conduct our business, could require us to change certain aspects of our business to
ensure compliance, which could decrease demand for our services, reduce revenues, increase costs, require us to obtain more licenses,
permits, approvals or certificates, or subject us to additional liabilities. To the extent any new or more stringent measures are required
to be implemented, our business, financial condition and results of operations could be adversely affected and such measured could materially
decrease the value of our Class A Ordinary Shares, potentially rendering them worthless. Further, any limitation on the ability of our
subsidiaries to pay dividends or make other distributions to us could materially and adversely limit our ability to grow, make investments
or acquisitions that could be beneficial to our business, pay