Company: WCT
Filing Date: 2025-10-07
Form Type: DRS
Source: 0001213900-25-096917
Chunk: 4

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-10-07
Form: DRS
Chunk 4
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 and interpretation of laws
in China. Should the PRC government choose to exercise significant oversight and discretion over the conduct of our business, they may
intervene in or influence our operations. Such governmental actions:

| ● | could result in a material change in our operations and/or 
 the value of our securities;                               |

| ● | could significantly limit or completely hinder our ability 
 to continue our operations;                                |

| ● | could significantly limit or completely hinder our ability     
 to offer or continue to offer our securities to investors; and |

| ● | may cause the value of our securities to significantly decline 
 or be worthless.                                               |

We are aware that recently, the PRC government
has initiated a series of regulatory actions and new policies to regulate business operations in certain areas in China, including cracking
down on illegal activities in the securities market, enhancing supervision over China-based companies listed overseas using a VIE
structure, adopting new measures to extend the scope of cybersecurity reviews, and expanding the efforts in anti-monopoly enforcement.
It is also highly uncertain what the potential impact such modified or new laws and regulations will have on our daily business operations,
its ability to accept foreign investments and the continued listing of our Class A Ordinary Shares on U.S. or other foreign exchanges.
The PRC government may intervene or influence Wching HK’s operations at any time and may exert more control over offerings conducted
overseas and foreign investment in Hong Kong-based issuers. The PRC government may also intervene or impose restrictions on
our ability to move out of Hong Kong to distribute earnings and pay dividends or to reinvest in our business outside of Hong Kong.
Furthermore, PRC regulatory authorities may in the future promulgate laws, regulations or implementing rules that require our Operating
Subsidiary or us to obtain regulatory approval from PRC authorities before this offering. These actions could result in a material change
in our operations and could significantly limit or completely hinder our ability to complete this offering or cause the value of our Class
A Ordinary Shares to significantly decline or become worthless.

As advised by Khoo & Co., our counsel
as to the laws of Hong Kong, pursuant to the Basic Law of Hong Kong, or the Basic Law, which is a national law of the PRC and
the constitutional document for Hong Kong, national laws of the PRC shall not be applied in Hong Kong except for those listed
in Annex III of the Basic Law (which shall be confined to laws relating to defense and foreign affairs as well as other