Company: WCT
Filing Date: 2025-12-02
Form Type: F-1
Source: 0001213900-25-116978
Chunk: 128

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-02
Form: F-1
Chunk 128
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 costs incurred
by an existing or former director (including alternate director), secretary or officer of the Company in respect of any matter identified
in Articles on condition that the director (including alternate director), secretary or officer must repay the amount paid by us to the
extent that we are ultimately found not liable to indemnify the director (including alternate director), secretary or that officer for
those legal costs.

Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions, we have
been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore
unenforceable.

ITEM 7. RECENT SALES OF UNREGISTERED SECURITIES.

During the past three years, we have issued
and sold the following securities without registering such securities under the Securities Act. We believe that each of the following
issuances was exempt from registration under the Securities Act pursuant to Section 4(a)(2) of the Securities Act regarding
transactions not involving a public offering or in reliance on Regulation S under the Securities Act regarding sales by an issuer
in offshore transactions. No underwriter was involved in these issuances of securities.

The Company was incorporated under the laws of
the Cayman Islands as a limited company on July 13, 2023. On the date of its incorporation, the Company issued one Ordinary Share
to Mapcal Limited, incorporated in Cayman Islands for a consideration of $1.00. On the same day, Mapcal Limited transferred the one
Ordinary Share of the Company to Mr. Shek Kin Pong for a consideration of $1.00.

On August 28, 2023, the entire equity interest
of Wching HK was transferred by Mr. Shek Kin Pong to Victory Hero, which is a wholly owned subsidiary of the Company, in exchange
for an allotment and issuance of 889 Ordinary Shares of the Company to Victory Hero.

On August 30, 2023, the Company, Power Smart
International Limited, Ocean Serene Holdings Limited, Paramount Fortune Capital Limited, and Prestige Leader Success Limited entered into
a subscription agreement, pursuant to which the Company allotted and issued:

| (i) | 45 Shares in the aggregate to Ocean Serene Holdings                                                                        
 Limited, representing 4.5% of the total issued share capital of the Company for a consideration of HK$777,273 (US$99