Company: WCT
Filing Date: 2025-12-02
Form Type: F-1
Source: 0001213900-25-116978
Chunk: 99

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-02
Form: F-1
Chunk 99
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 in the name of the company to challenge actions where:

| ● | a company acts or proposes to act illegally or ultra vires; |

| ● | the act complained of, although not ultra vires, could only                                        
 be effected duly if authorized by more than a simple majority vote that has not been obtained; and |

| ● | those who control the company are perpetrating a “fraud 
 on the minority.”                                       |

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Indemnification of Directors and Executive Officers and Limitation of Liability

Cayman Islands law does not limit the extent to
which a company’s memorandum and articles of association may provide for indemnification of officers and directors, except to the
extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification
against civil fraud or the consequences of committing a crime. Our Memorandum and Articles of Association provide that, to the extent
permitted by law, our Company shall indemnify each existing or former director (including alternate director), secretary and other officer
of the Company (including an investment adviser or an administrator or liquidator) and their personal representatives against:

| (a) | all actions, proceedings, costs, charges, expenses, losses,                                                                                   
 damages or liabilities incurred or sustained by the existing or former director (including alternate director), secretary or officer          
 in or about the conduct of the Company’s business or affairs or in the execution or discharge of the existing or former director’s (including 
 alternate director’s), secretary’s or officer’s duties, powers, authorities or discretions; and                                               |

| (b) | without limitation to paragraph (a), all costs, expenses,                                                                                    
 losses or liabilities incurred by the existing or former director (including alternate director), secretary or officer in defending (whether 
 successfully or otherwise) any civil, criminal, administrative or investigative proceedings (whether threatened, pending or completed)       
 concerning the Company or its affairs in any court or tribunal, whether in the Cayman Islands or elsewhere.                                  |

No such existing or former director (including
alternate director), secretary or officer, however, shall be indemnified in respect of any matter arising out of his own dishonesty.

To the extent permitted by the Companies Act,
our Company may make a payment, or agree to make a payment, whether by way of advance, loan or otherwise, for any legal costs incurred
by an existing or former director (including alternate director), secretary or officer of the Company