Company: WCT
Filing Date: 2025-10-07
Form Type: DRS
Source: 0001213900-25-096917
Chunk: 63

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-10-07
Form: DRS
Chunk 63
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 to register a transfer, they shall, as
soon as reasonably practicable, send the transferor and the transferee a notice of the refusal or delay in the approved form.

This, however, will not affect market transactions
of the Class A Ordinary Shares purchased by investors in a public offering. Where the Class A Ordinary Shares are listed on a stock exchange,
the Class A Ordinary Shares may be transferred without the need for a written instrument of transfer, if the transfer is carried out in
accordance with the rules of the stock exchange and other requirements applicable to the Class A Ordinary Shares listed on the stock exchange.

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The sale or availability for sale of substantial amounts of our Class A Ordinary Shares in the public market could adversely affect their market price.

Sales of substantial amounts of our Class A Ordinary
Shares in the public market, or the perception that these sales could occur, could adversely affect the market price of our Class A Ordinary
Shares and could materially impair our ability to raise capital through equity offerings in the future. On February 8, 2024, we filed
the registration statement on Form F-1 with the SEC (File No. 333-276946) (as amended, the “Resale Prospectus”), which was
declared effective on September 30, 2024, for one (1) existing shareholder of the Company to register its existing shareholding of 900,000
Class A Ordinary Shares. These shares, which were sold together with the 1,100,000 Class A Ordinary Shares in our initial public offering,
are freely tradable without restriction or further registration under the Securities Act of 1933, as amended (the “Securities
Act”). On January 15, 2025, the Company entered into securities purchase agreements with several investors pursuant to which the
Company agreed to issue and sell, in a best effort offering, a total of 25,000,000 Class A Ordinary Shares at the price of $0.40 per Class
A Ordinary Share for gross proceeds of $10,000,000. The Class A Ordinary Shares were offered pursuant to a registration statement on Form
F-1, as amended (Registration No. 333-284034), originally filed with the U.S. Securities and Exchange Commission on December 23, 2024.
On September 9, 2025, the Company entered into the 2025 September SPA with several investors pursuant to which the Company agreed to issue
and sell