Company: WCT
Filing Date: 2025-12-02
Form Type: F-1
Source: 0001213900-25-116978
Chunk: 55

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-02
Form: F-1
Chunk 55
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. Furthermore,
legislative or administrative actions in respect of China-U.S. relations could cause investor uncertainty for affected issuers, including
us, and the market price of our Class A Ordinary Shares could be adversely affected.

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If we become subject to the recent scrutiny, criticism, and negative publicity involving U.S.-listed China-based companies, we may have to expend significant resources to investigate and/or defend the matter, which could harm our business operations, this offering, and our reputation and could result in a loss of your investment in our Class A Ordinary Shares, in particular, if such matter cannot be addressed and resolved favorably.

During the last several years, U.S.-listed
companies that have substantially all of their operations in China have been the subject of intense scrutiny by investors, financial commentators,
and regulatory agencies. Much of the scrutiny has centered on financial and accounting irregularities and mistakes, lack of effective
internal controls over financial reporting, and, in many cases, allegations of fraud. As a result of the scrutiny, the stocks of many
U.S.-listed Chinese companies that have been the subject of such scrutiny have sharply decreased in value. Many of these companies are
now subject to shareholder lawsuits and/or SEC enforcement actions that are conducting internal and/or external investigations into the
allegations.

If we become the subject of any such scrutiny,
whether any allegations are true or not, we may have to expend significant resources 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