Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 155

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 19
Chunk 155
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 a liability has been incurred and the amount
of the loss can be reasonably estimated. We review the need for any such liabilities on a regular basis.

18.
SUBSEQUENT EVENTS

The Company evaluated all events and transactions
that occurred after December 31, 2024 up through April 30, 2025, which is the date that these consolidated financial statements are
available to be issued, there were no other any material subsequent events that require disclosure in these consolidated financial statements
other than disclosed below.

On January 15, 2025, The Company entered into Securities Purchase Agreements
(the “ Securities Purchase Agreements”) with several investors named therein (the “ Purchasers”), pursuant to which
the Company agreed to issue and sell, in a best effort offering (the “ Offering”), a total of25,000,000Ordinary Shares of
par value $0.00005per share (the “ Ordinary Shares”) at the price of $0.40per Ordinary Share for gross proceeds of $10,000,000.
The Securities Purchase Agreements contain customary representations and warranties and agreements of the Company and the Purchasers and
customary indemnification rights and obligations of the parties. The Offering closed on January 17, 2025.

19.
PARENT ONLY FINANCIAL INFORMATION

The Company did not have significant capital
and other commitments, long-term obligations, or guarantees as of December 31, 2023 and 2024. Certain information and footnote disclosures
generally included in financial statements prepared in accordance with U. S. GAAP have been condensed and omitted.

F-31

WELLCHANGE HOLDINGS COMPANY LIMITED

19.
PARENT ONLY FINANCIAL INFORMATION(cont.)

The following presents condensed parent company
only financial information of Wellchange Holdings Company Limited.

Condensed balance sheets

                                                                                                                                                                                                   As of December 31,                                          
                                                                                                                                                                                                   2023                                   2024                 
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                                                                                                                                                   US$                                    US$                  
  ASSETS                                                                                                                                                                                                                                                       
  Non-current assets:                                                                                                                                                                                                                                          
  Investment in a subsidiary                                                                                                                                                                                                       1                        1  
  Amounts due from a subsidiary                                                                                                                                                                                                    —                2,585,944  
  Deferred offering cost                                                                                                                                                                                                     680,090                  620,193  
  Total non-current assets                                                                                                                                                                                                   680,091                3,