Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 15

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 4
Chunk 15
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 the requirements we need to achieve. During the development stage, we customize UX/UI design, set
up frontend and backend infrastructures, and undertake all the related work. At the final stage of the project development, we will test
the created website and the web application for quality assurance.

Desktop Software Development

Our software development services include desktop
software (for Mac, Windows, and Linux) customized development, desktop software upgrades, web-based application or cloud SaaS software
development, and software support and maintenance. SMBs, despite their size, also require hundreds of applications to accomplish daily
functions. We have broad experience in developing user-friendly desktop software solutions customized to specific business needs. We assist
SMBs to consolidate the functionalities of their IT systems, develop software or a software system to facilitate establishing its proprietary
workflow, or build enterprise-level functionality. The business verticals that deploy our desktop software include education, retails,
manufacturing, and finance.

We build robust cross-platform desktop applications,
including standalone business software, plugins, desktop applications for platforms (such as Windows, Linux/Unix, Mac OS, and Android),
and collaborative applications. We offer a full cycle of the services a business might need to build an application of any complexity,
from zero to final product. Upon engagement, we will define the needs of the client, such as the operation difficulties, target end-users,
and the target platform, to outline the software architecture and development procedures. During the software development, our engineer
creates a software archetype/mock-up based on the specification provided to the client, and resolves any bugs and issues, to ensure the
coding runs seamlessly. Upon completion, if the software was to be deployed on the internal infrastructure of our client, we would assist
the client to install the software and provide training to the client’s staff and provide maintenance and support to resolve any
issues that arise after deployment.

For the years ended December 31, 2022, 2023 and 2024, revenue
generated from our provision of customized IT software solutions accounted for approximately 50.3%, 72.8% and 48.5% of our total
revenue, respectively.

Subscription Services - MR. CLOUD

We provide SaaS digital business management software
subscription services, which include the right to use the software and continuous technical support services to SMBs.

We launched MR. CLOUD, our proprietary cloud-based
SaaS ERP software platform, in the summer of 2020. MR. CLOUD is developed in