Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 7

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 4
Chunk 7
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,117 for the year ended December 31, 2022. Our
net income for the years ended December 31, 2022 and 2023was US$780,648 and US$937,609, respectively and net loss for the year ended
December 31, 2024 was US$431,544.

Competitive Advantages

We offer comprehensive, integrated, scalable,
and one-stop enterprise software solutions customized to the needs of SMBs.

Leveraging our software solution customization
and development experience, combined with the launch of our proprietary cloud-based SaaS platform MR. CLOUD, we became a one-stop
software technology solutions provider for SMBs to manage their customer relationships and enterprise resources.

We are exclusively focused on providing services
to SMBs with ERP and CRM solutions customized to help them meet their specific needs. SMBs are typically unable to take time away from
their business to support the cumbersome implementation, maintenance, and training requirements of business software. Furthermore, unlike
large enterprises, which often require multiple, customized point solutions for specialized business processes, SMBs tend to prefer a
single, integrated and comprehensive platform from one provider. Many SMBs tend to also prefer software for ease of use, convenience,
and intuitive user experiences.

We believe that our platform and software solutions
are reliable and easy to set up, integrate, and use, which has enabled us to serve SMBs in several industries. Our vertical approach enables
us to provide customized solutions featuring vertical-specific functionality that better serves our customers. Furthermore, our software
solutions, especially the MR. CLOUD platform, are scalable, modular, and easily customizable to meet specific business and operation
needs, including finance and accounting, procurement, manufacturing, inventory management, order management, warehouse management, supply
chain management, Customer Relationship Management (CRM), professional services automation, project and file management, human resources
management, e-commerce, and marketing automation. MR. CLOUD also enables business owners, administrators, and their service professionals
to access the platform wherever they are. Lastly, SMBs are generally price-sensitive and resource-constrained. We believe our solutions
are affordable and easy to implement. Our customers also benefit from our strong customer service capabilities. We provide fast and supportive
guidance by responding to our customer service requests via email, phone calls, or face-to-face assistance, enabling them to optimize
their digital solutions without significant financial or resource burden.

We have an extensive, diversified, and loyal
SMBs customers’ base