Company: WCT
Filing Date: 2025-12-05
Form Type: 424B3
Source: 0001213900-25-118563
Chunk: 24

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-05
Form: 424B3
Chunk 24
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AC’s
cybersecurity review or the CSRC Overseas Issuance and Listing review in the future. While we do not believe we are covered by the permission
requirements from CSRC or CAC, investors of our company and our business may face potential uncertainty from actions taken by the PRC
government affecting our business. If the applicable laws, regulations, or interpretations change and our Operating Subsidiary become
subject to the CAC or CSRC review, we cannot assure you that our Operating Subsidiary will be able to comply with the regulatory requirements
in all respects and our current practice of collecting and processing personal information may be ordered to be rectified or terminated
by regulatory authorities.

Moreover, if there is a significant change to
the current political arrangements between Mainland China and Hong Kong, or the applicable laws, regulations, or interpretations
change, and/or if we were required to obtain such permissions or approvals in the future in connection with the continued listing of
our securities on a stock exchange outside of the PRC, it is uncertain how long it will take for us to obtain such approval, and, even
if we obtain such approval, the approval could be rescinded. Any failure to obtain or a delay in obtaining the necessary permissions
from the PRC authorities to conduct offerings or list outside of the PRC may subject us to sanctions imposed by the CSRC, CAC, or other
PRC regulatory authorities. It could include fines and penalties, proceedings against us, and other forms of sanctions, and our ability
to conduct our business, invest in Mainland China as foreign investments or accept foreign investments, ability to offer or continue
to offer Class A Ordinary Shares to investors or continue to list on the U.S. or other overseas exchange may be restricted, and
the value of our Class A Ordinary Shares may significantly decline or be worthless, our business, reputation, financial condition, and
results of operations may be materially and adversely affected. The CSRC, the CAC, or other PRC regulatory agencies also may take actions
requiring us, or making it advisable for us, to halt this offering before settlement and delivery of our Class A Ordinary Shares. Consequently,
if you engage in market trading or other activities in anticipation of and prior to settlement and delivery, you do so at the risk that
settlement and delivery may not occur. In addition, if the CSRC, the CAC, or other regulatory PRC agencies later promulgate new rules
requiring that