Company: WCT
Filing Date: 2025-12-05
Form Type: 424B3
Source: 0001213900-25-118563
Chunk: 50

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-05
Form: 424B3
Chunk 50
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 China. Furthermore, none of our customers and suppliers are located in Mainland China. We
currently do not have or intend to set up any subsidiary in Mainland China, or do not foresee the need to enter into any contractual arrangements
with a VIE to establish a VIE structure in Mainland China. However, in light of the PRC government’s recent expansion of authority
in Hong Kong, we may be subject to uncertainty about any future actions of the PRC government or authorities in Hong Kong, and
it is possible that all the legal and operational risks associated with being based in and having operations in the Mainland China may
also apply to operations in Hong Kong in the future.

There is no assurance that there will not be any
changes in the economic, political and legal environment in Hong Kong. The PRC government may intervene or influence our current
and future operations in Hong Kong at any time, or may exert more control over offerings conducted overseas and/or foreign investment
in issuers like ourselves. Such governmental actions, if and when they occur: (i) could significantly limit or completely hinder
our ability to continue our operations; (ii) could significantly limit or hinder our ability to offer or continue to offer our Class
A Ordinary Shares to investors; and (iii) may cause the value of our Class A Ordinary Shares to significantly decline or become worthless.

Furthermore, if the PRC attempts to alter its
agreement to allow Hong Kong to function autonomously, this could potentially impact Hong Kong’s common law legal system
and may in turn, bring about uncertainty in, for example, the enforcement of our contractual rights. This could, in turn, materially and
adversely affect our Operating Subsidiary’s business and operations. The uncertainties regarding the enforcement of laws and the
fact that rules and regulations in China can change quickly with little advance notice, along with the risk that the Chinese government
may intervene or influence our Operating Subsidiary’s operations at any time could result in a material change in our Operating
Subsidiary’s operations and/or the value of the securities we are registering. Additionally, intellectual property rights and confidentiality
protections in Hong Kong may not be as effective as in the United States or other countries. Accordingly, we cannot predict
the effect of future developments in the Hong Kong legal system, including the promulgation of new laws, changes to existing laws
or the interpretation or enforcement thereof, or the preemption of local regulations by national laws. These