Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 71

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 6
Chunk 71
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 agreed to hold, both during and after the date employment agreement
expires, in strict confidence and not to use or disclose to any person, corporation or other entity without written consent, any confidential
information. In addition, each executive officer has agreed to be bound by non-competition and non-solicitation restrictions during the
term of his employment and for one year following termination of the employment.

Compensation of Directors

For the years ended December 31, 2023 and
2024, we have not paid any amount to our directors of the Company.

Executive Compensation Recovery Policy

We have adopted an Executive Compensation
Recovery Policy that applies to our officers, and employees, including our chief executive officer, chief financial officer, principal
accounting officer or controller or persons performing similar functions, a copy of which has been incorporated by reference herewith
as Exhibit 97.1.

6. C. Board Practices

Board of Directors

Our board of directors consists of seven (7) directors
as of the date of this annual report.

Duties of Directors

Under the laws of the Cayman Islands, directors
have a fiduciary duty to act honestly in good faith with a view to the company’s best interests. Our directors also have a duty
to exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances. A shareholder has
the right to seek damages if a duty owed by the directors is breached.

Interested Transactions

A director may vote, attend a board meeting or
sign a document on our behalf with respect to any contract or transaction in which he or she is interested. A director must promptly disclose
the interest to all other directors after becoming aware of the fact that he or she is interested in a transaction we have entered into
or are to enter into. A general notice or disclosure to the board or otherwise contained in the minutes of a meeting or a written resolution
of the board or any committee of the board that a director is a shareholder, director, officer or trustee of any specified firm or company
and is to be regarded as interested in any transaction with such firm or company will be sufficient disclosure, and, after such general
notice, it will not be necessary to give special notice relating to any particular transaction.

Qualification

There is currently no shareholding qualification
for directors.

Committees of the Board of Directors

We have established three committees under the
board of directors: an Audit Committee, a Compensation Committee and a Nominating and Corporate Governance Committee.