Company: WCT
Filing Date: 2025-12-05
Form Type: 424B3
Source: 0001213900-25-118563
Chunk: 3

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-05
Form: 424B3
Chunk 3
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Subsidiary or us to obtain regulatory approval from PRC authorities before this offering. These actions could result in a material change
in our operations and could significantly limit or completely hinder our ability to complete this offering or cause the value of our Class
A Ordinary Shares to significantly decline or become worthless.

As advised by Khoo & Co., our counsel
as to the laws of Hong Kong, pursuant to the Basic Law of Hong Kong, or the Basic Law, which is a national law of the PRC and
the constitutional document for Hong Kong, national laws of the PRC shall not be applied in Hong Kong except for those listed
in Annex III of the Basic Law (which shall be confined to laws relating to defense and foreign affairs as well as other matters outside
the autonomy of Hong Kong). Whilst the National People’s Congress of the PRC, or the NPC, has the power to amend the Basic
Law, the Basic Law also expressly provides that no amendment to the Basic Law shall contravene the established basic policies of the PRC
regarding Hong Kong. As a result, national laws of the PRC not listed in Annex III of the Basic Law, including rules and regulations
established by the Cyberspace Administration of China (the “CAC”) and the China Securities Regulatory Commission (the “CSRC”),
do not apply to our businesses in Hong Kong.

Uncertainties still exist, however, due to the
possibility that laws, regulations, or policies in the PRC could change rapidly in the future. In the event that (i) the PRC government
expanded the categories of industries and companies whose foreign securities offerings are subject to review by the CSRC or the CAC and
that we are required to obtain such permissions or approvals, or (ii) we inadvertently concluded that relevant permissions or approvals
were not required or that we did not receive or maintain relevant permissions or approvals required, any action taken by the PRC government
could significantly limit or completely hinder our operations in Hong Kong and our ability to offer or continue to offer our Class
A Ordinary Shares to investors and could cause the value of such securities to significantly decline or be worthless and even delisting
if our Class A Ordinary Shares. The delisting of our Class A Ordinary Shares, or the threat of their being delisted, may materially and
adversely affect the value of your investment in the future.

Furthermore, as more stringent criteria, including
the Holding Foreign Companies Accountable Act (the “HFCAA