Company: WCT
Filing Date: 2025-10-07
Form Type: DRS
Source: 0001213900-25-096917
Chunk: 19

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-10-07
Form: DRS
Chunk 19
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 page 29.                                                                                              |

| ● | We rely on dividends and other distributions on equity paid                                                                               
 by our subsidiaries to fund any cash and financing requirements we may have. In the future, funds may not be available to fund operations 
 or for other uses outside of Hong Kong, due to interventions in, or the imposition of restrictions and limitations on, our ability or     
 our HK subsidiary by the PRC government to transfer cash. Any limitation on the ability of our subsidiaries to make payments to us could  
 have a material adverse effect on our ability to conduct our business and might materially decrease the value of Class A Ordinary Shares  
 or cause them to be worthless. See “Risk Factors — Risk Related to Our Class A Ordinary Shares — We                                       
 rely on dividends and other distributions on equity paid by our subsidiaries to fund any cash and financing requirements we may have.     
 In the future, funds may not be available to fund operations or for other uses outside of Hong Kong, due to interventions in, or the      
 imposition of restrictions and limitations on, our ability or our HK subsidiary by the PRC government to transfer cash. Any limitation    
 on the ability of our subsidiaries to make payments to us could have a material adverse effect on our ability to conduct our business     
 and might materially decrease the value of Class A Ordinary Shares or cause them to be worthless” on page 30.                             |

<div align='center'>3

Recent Regulatory Development in the PRC</div>

We are a holding company incorporated in the Cayman
Islands, with all the operations conducted by an operating entity in Hong Kong. We and our subsidiaries are not based in Mainland
China and do not have operations in Mainland China. Furthermore, none of our customers and suppliers are located in Mainland China. We
currently do not have or intend to set up any subsidiary in Mainland China or do not foresee the need to enter any contractual arrangements
with a VIE to establish a VIE structure in Mainland China. As of the date of this prospectus, we and our Hong Kong subsidiary have
received all requisite licenses, permissions, or approvals from Hong Kong and the Cayman authorities needed to engage in the businesses
currently conducted in Hong Kong and the Cayman Islands, and no permission or approval has been denied.

Hong Kong is a special administrative region
of the PRC and the basic policies of the PRC regarding Hong Kong are reflected in the Basic Law, which serves as Hong Kong’s
constitution. Pursuant to the Basic Law, which