Company: WCT
Filing Date: 2025-12-02
Form Type: F-1
Source: 0001213900-25-116978
Chunk: 61

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-02
Form: F-1
Chunk 61
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emingly unrelated to our actual or expected operating performance and financial condition or prospects, it will likely make it difficult
and confusing for prospective investors to assess the rapidly changing value of our Class A Ordinary Shares and understand the value thereof

An active trading market for our Class A Ordinary Shares may not be maintained and the trading price for our Class A Ordinary Shares may fluctuate significantly.

We cannot assure you that a liquid public market
for our Class A Ordinary Shares will be maintained. If an active public market for our Class A Ordinary Shares is not maintained, the
market price and liquidity of our Class A Ordinary Shares may be materially and adversely affected. As a result, investors in our Class
A Ordinary Shares may experience a significant decrease in the value of their shares.

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If we cannot satisfy, or continue to satisfy, the continued listing requirements and other rules of the Nasdaq Capital Market, specifically, Nasdaq Listing Rule 5550(a)(2), our securities may be delisted, which could negatively impact the price of our securities and your ability to sell them.

Our securities are listed on the Nasdaq Capital
Market. We cannot assure you that our securities will continue to be listed on the Nasdaq Capital Market. In order to maintain our listing
on the Nasdaq Capital Market, we are required to comply with certain rules, including those regarding minimum stockholders’ equity,
minimum share price, minimum market value of publicly held shares, and various additional requirements. Even if we initially meet the
listing requirements and other applicable rules of the Nasdaq Capital Market, we may not be able to continue to satisfy these requirements
and applicable rules. If we are unable to satisfy the criteria for maintaining our listing, our securities could be subject to delisting.

Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain
a minimum bid price of US$1.00 per share (the “Minimum Bid Price Requirement”), and Nasdaq Listing Rule 5810(c)(3)(A) provides
that a failure to meet the Minimum Bid Price Requirement exists if the deficiency continues for a period of 30 consecutive business days.
Based on the closing bid price of our Class A Ordinary Shares for the 33 consecutive business days from March 11, 2025, to April 25, 2025,
the Company no longer meets the Minimum Bid Price Requirement. On April 28, 2025, the Company received a letter from the Listing Qualifications
Staff (the “Staff