Company: WCT
Filing Date: 2025-12-05
Form Type: 424B3
Source: 0001213900-25-118563
Chunk: 54

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-05
Form: 424B3
Chunk 54
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 to investigate such allegations and/or defend the
Company. Such investigations or allegations would be costly and time-consuming and likely would distract our management from our normal
business and could result in our reputation being harmed. Our stock price could decline because of such allegations, even if the allegations
are false.

Risks Related to Our Class A Ordinary Shares

The dual class structure of our Class A Ordinary Shares and Class B Ordinary Shares has the effect of concentrating voting control with our CEO and Chairman of the Board and his affiliates.

As of the date of this report, the authorized
share capital of the Company is $50,000 divided into 900,000,000 Class A Ordinary Shares with a par value of $0.00005 per share and 100,000,000
Class B Ordinary Shares with a par value of $0.00005 per share, of which 145,265,000 Class A Ordinary Shares and 8,000,000 Class B Ordinary
Shares are outstanding. Holders of Class A Ordinary Shares and Class B Ordinary Shares shall at all times vote together as one class on
all matters submitted to a vote by the shareholders. Each Class A Ordinary Share has one (1) vote, and each Class B Ordinary Share has
thirty-five (35) votes. The Class B Ordinary Shares can be convertible into Class A Ordinary Shares or any other equity securities authorized
to be issued by the Company. The currently Class B Ordinary Shares outstanding are beneficially owned by Mr. Shek Kin Pong, the Chairman
of our Board of Directors and the Chief Executive Officer and represents 69.32% of the aggregate voting power of our currently outstanding
ordinary shares as of the date hereof. Because of the thirty-five-to-one voting ratio between our Class B and Class A Ordinary Shares,
the holder of our Class B Ordinary Shares will continue to control a majority of the combined voting power of our Class A Ordinary Shares
and Class B Ordinary Shares and therefore be able to control all matters submitted to our shareholders for approval so long as the shares
of Class B Ordinary Shares represent at least a majority of the voting power of all outstanding Class A Ordinary Shares. This concentrated
control will limit the ability of holders of Class A Ordinary Shares to influence corporate matters for the foreseeable future.

The sale or availability for sale of substantial amounts of our Class A Ordinary Shares could adversely affect their market price.

Sales of substantial amounts of our Class A Ordinary
Shares in the public market could adversely affect the market price of our Class A Ordinary Shares