Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 80

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 10
Chunk 80
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 per Ordinary Share for gross proceeds of $10,000,000.

As of the date of this annual report, we had 46,265,000 Ordinary
Shares issued and outstanding.

Ordinary Shares

General

All of our outstanding Ordinary Shares are fully
paid and non-assessable. Our shareholders who are non-residents of the Cayman Islands may freely hold and vote their Ordinary Shares.
We may not issue shares to bearer.

Dividends

Subject to the Companies Act and our Memorandum
and Articles of Association, the directors may from time to time declare dividends (including interim dividends) and other distributions
on shares in issue and authorize payment of the same out of the funds of the Company lawfully available therefor. The Company by ordinary
resolution may declare dividends, but no dividend shall exceed the amount recommended by the directors.

Subject to any rights and restrictions for the
time being attached to any shares of the Company, all dividends shall be declared and paid according to the amounts paid up on the Shares,
but if and for so long as nothing is paid up on any of the shares dividends may be declared and paid according to the par value of the
shares. No amount paid on a share in advance of calls shall, while carrying interest, be treated as paid on the share.

The directors may determine that a dividend shall
be paid wholly or partly by the distribution of specific assets (which may consist of the shares or securities of any other company) and
may settle all questions concerning such distribution. Without limiting the generality of the foregoing, the directors may fix the value
of such specific assets, may determine that cash payment shall be made to some shareholders in lieu of specific assets and may vest any
such specific assets in trustees on such terms as the directors think fit.

Voting Rights

Subject to any special rights, restrictions or
privileges as to voting for the time being attached to any class or classes of shares at any general meeting: (a) on a show of hands
every shareholder present in person or by proxy (or, if a corporation or other non-natural person, by its duly authorized representative
or proxy) shall, at a general meeting of the Company, each have one vote; and (b) on a poll every shareholder present in person
or by proxy (or, if a corporation or other non-natural person, by its duly authorized representative or proxy) shall have one vote for
each Ordinary Share of which he is the holder. Each shareholder, other than a recognized