Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 119

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 19
Chunk 119
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                                                                       ( 852,768       ( 18,414                —  
  Repayment from a director                                                                   1,874,805         38,878           59,498  
  Repayment to related parties                                                                ( 317,339      ( 380,077                —  
  Settlement of subscription receivables by shareholders                                              —        243,770                —  
  Net cash generated from (used in) from financing activities                                   354,323      ( 479,774        3,394,012  
  NET CHANGE IN CASH AND CASH EQUIVALENTS                                                       208,032      ( 249,261          245,771  
  CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR                                         51,862        261,377           12,783  
  NET FOREIGN EXCHANGE DIFFERENCES                                                                1,483            667          ( 8,242  
  CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR                                              261,377         12,783          250,312  
  SUPPLEMENTARY CASH FLOW INFORMATION:                                                                                                   
  Interest received                                                                                 346            748            1,826  
  Interest paid                                                                                ( 14,463       ( 17,383         ( 17,111  
  NON-CASH FINANCING ACTIVITIES:                                                                                                         
  Offering cost offset against gross proceeds                                                         —              —          680,090  
  Initial recognition of lease obligations related to right-of-use assets                       200,035              —          181,693  

The accompanying notes are an integral part of
these consolidated financial statements.

F-7

WELLCHANGE HOLDINGS COMPANY LIMITED

1. ORGANIZATION AND BUSINESS OVERVIEW

Business

Wellchange Holdings Company Limited (the “ Company”
or “ Wellchange”) is a holding company incorporated as an exempted company onJuly 13, 2023under the laws of Cayman Islands.
The Company is an enterprise software solution services provider headquartered in Hong Kong. The Company provides tailor-made software
solutions, cloud-based software-as-a-service (“ SaaS”) services, and white-labelled software design and development services.
Our mission is to empower our customers and users, in particular, SMBs, to accelerate their digital transformation, optimize productivity,
improve customer experiences, and enable resource-efficient growth, with low-cost, user-friendly, reliable and integrated all-in-one Enterprise