Company: WCT
Filing Date: 2025-12-02
Form Type: F-1
Source: 0001213900-25-116978
Chunk: 68

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-02
Form: F-1
Chunk 68
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We may experience extreme stock price volatility unrelated to our actual or expected operating performance, financial condition, or prospects, making it difficult for prospective investors to assess the rapidly changing value of our Class A Ordinary Shares.

From the closing of our initial public offering
on October 3, 2024 to the date of this prospectus, the trading price of our Class A Ordinary Shares has ranged from $0.12 to $9.36 per
Class A Ordinary Share. The trading prices of our Class A Ordinary Shares are likely to be highly volatile and could fluctuate widely
due to factors beyond our control. This may happen due to broad market and industry factors, such as performance and fluctuation in the
market prices or underperformance or deteriorating financial results of other listed companies based in Hong Kong and China. The securities
of some of these companies have experienced significant volatility since their initial public offerings, including, in some cases, substantial
price declines in the trading prices of their securities. The trading performances of other Hong Kong and Chinese companies’ securities
after their offerings may affect the attitudes of investors towards Hong Kong-based U.S. - listed companies, which consequently may affect
the trading performance of our Class A Ordinary Shares, regardless of our actual operating performance. In addition, any negative news
or perceptions about inadequate corporate governance practices or fraudulent accounting, corporate structure or matters of other Hong
Kong and Mainland Chinese companies may also negatively affect the attitudes of investors towards Hong Kong and Mainland Chinese companies
in general, including us, regardless of whether we have conducted any inappropriate activities. Furthermore, securities markets may, from
time-to-time experience significant price and volume fluctuations that are not related to our operating performance, which may have a
material and adverse effect on the trading price of our Class A Ordinary Shares.

In addition to the above factors, the price and
trading volume of our Class A Ordinary Shares may be highly volatile due to multiple factors, including the following:

| ● | regulatory developments affecting 
 us or our industry;               |

| ● | variations in our revenues, 
 profit, and cash flow;      |

| ● | the general market reactions                                                    
 and financial market fluctuation due to the continuous Russo-Ukraine conflicts; |

| ● | new product and service introductions 
 by our competitors;                   |

| ● | technical difficulties, defects, 
 or interruptions in our service; |

| ● | general economic, political,                                                                                                      
 and social conditions in Hong