Company: WCT
Filing Date: 2025-10-07
Form Type: DRS
Source: 0001213900-25-096917
Chunk: 62

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-10-07
Form: DRS
Chunk 62
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 days from
March 11, 2025, to April 25, 2025, the Company no longer meets the Minimum Bid Price Requirement. On April 28, 2025, the Company received
a letter from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC notifying the Company that it
failed to maintain a minimum bid price of $1.00 over the previous 33 consecutive business days. If we do not comply with the Nasdaq rules
in the future, Nasdaq will provide notice that the Company’s Class A Ordinary Shares will be subject to delisting. The Rules provide
the Company a compliance period of 180 calendar days in which to regain compliance. If at any time during this 180 day period the closing
bid price of the Company’s security is at least $1.00 for a minimum of ten consecutive business days, the Staff will provide written
confirmation of compliance. There can be no assurance that the Company will regain compliance with the Minimum Bid Price Requirement.

If our securities are subsequently delisted from
trading, we could face significant consequences, including:

| ● | a limited availability for            
 market quotations for our securities; |

| ● | reduced liquidity with respect 
 to our securities;             |

| ● | a determination that our Class A Ordinary Shares is a “penny                                                             
 stock,” which will require brokers trading in our Class A Ordinary Shares to adhere to more stringent rules and possibly 
 result in a reduced level of trading activity in the secondary trading market for our Class A Ordinary Shares;           |

| ● | limited amount of news and 
 analyst coverage; and      |

| ● | a decreased ability to issue                                        
 additional securities or obtain additional financing in the future. |

Our Board of Directors may refuse or delay the registration of the transfer of Class A Ordinary Shares in certain circumstances.

Except in connection with the settlement of trades
or transactions entered into through the facilities of a stock exchange or automated quotation system on which our Class A Ordinary Shares
are listed or traded from time to time, our Board of Directors may resolve to refuse or delay the registration of the transfer of our
Class A Ordinary Shares. Where our directors do so, they must specify the reason(s) for this refusal or delay in a resolution of the board
of directors. Our directors may also refuse or delay the registration of any transfer of Class A Ordinary Shares if the transferor has
failed to pay an amount due in respect to those Class A Ordinary Shares. If our directors refuse