Company: WCT
Filing Date: 2025-12-02
Form Type: F-1
Source: 0001213900-25-116978
Chunk: 8

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-02
Form: F-1
Chunk 8
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 further BVI or Hong Kong statutory
restrictions on the amount of funds which may be distributed by us by dividend. However, in the future, funds may not be available to
fund operations or for other use outside of Hong Kong, due to interventions in, or the imposition of restrictions and limitations
on, our ability or on our HK subsidiary’s ability by the PRC government to transfer cash. Any limitation on the ability of our HK
subsidiary 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 our Class A Ordinary Shares or cause them to be worthless. For a more detailed discussion of how the cash is transferred
within our organization, see “Item 3. Key Information — Transfers of Cash to and from Our Subsidiaries”
in the 2024 Annual Report incorporated by reference in this prospectus and “Risk Factors — Risks Related to Our Class A Ordinary Shares and This Offering — 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 use 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 our Class A Ordinary Shares or cause them to be worthless” on page 30 of this prospectus.

As of the date of this prospectus, neither Wellchange Cayman, Victory Hero Capital Limited (“Victory Hero”), nor Wching HK has declared or made any dividend or other distribution to their shareholders, including U.S. investors, in the past, nor have any dividends or distributions been made by subsidiaries to our Cayman Islands holding company. Wellchange Cayman and its subsidiaries do not have any plans to distribute earnings in the foreseeable future. For a more detailed discussion of how cash is transferred among Wellchange Cayman and its subsidiaries, see “ Item 3. Key Information — Transfers of Cash to and from Our Subsidiaries” in the 2024 Annual Report, incorporated by reference in this prospectus and “ Dividend Policy” on page 35.

Under the current practice of the Inland Revenue Department of Hong Kong, no tax is payable in Hong Kong in respect of dividends paid by