Company: WCT
Filing Date: 2025-10-07
Form Type: DRS
Source: 0001213900-25-096917
Chunk: 117

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-10-07
Form: DRS
Chunk 117
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| ● | the amount allocated to each other year will be subject to the                                                                       
 highest tax rate in effect for that year and the interest charge generally applicable to underpayments of tax will be imposed on the 
 resulting tax attributable to each such year, and                                                                                    |

| ● | An additional tax equal to the interest charge generally applicable                                                     
 to underpayments of tax will be imposed on the tax attributable to each prior taxable year, other than a pre-PFIC year. |

The tax liability for amounts allocated to years
prior to the year of disposition or “excess distribution” cannot be offset by any net operating losses for such years,
and gains (but not losses) realized on the sale of the Class A Ordinary Shares cannot be treated as capital, even if you hold the Class
A Ordinary Shares as capital assets.

A U.S. Holder of “marketable stock”
(as defined below) in a PFIC may make a mark-to-market election for such stock to elect out of the tax treatment discussed above.
If you make a mark-to-market election for the Class A Ordinary Shares, you will include in income each year an amount equal to the
excess, if any, of the fair market value of the Class A Ordinary Shares as of the close of your taxable year over your adjusted basis
in such Ordinary Shares. You are allowed a deduction for the excess, if any, of the adjusted basis of the Class A Ordinary Shares over
their fair market value as of the close of the taxable year. However, deductions are allowable only to the extent of any net mark-to-market gains
on the Class A Ordinary Shares included in your income for prior taxable years. Amounts included in your income under a mark-to-market election,
as well as gain on the actual sale or other disposition of the Class A Ordinary Shares, are treated as ordinary income. Ordinary loss
treatment also applies to the deductible portion of any mark-to-market loss on the Class A Ordinary Shares, as well as to any loss
realized on the actual sale or disposition of the Class A Ordinary Shares, to the extent that the amount of such loss does not exceed
the net mark-to-market gains previously included for such Ordinary Shares. Your basis in the Class A Ordinary Shares will be adjusted
to reflect any such income or loss amounts. If you make a valid mark-to-market election, the tax rules that apply to distributions
by corporations which are not PFICs would apply to distributions by us, except that the lower applicable capital gains rate for qualified
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