Company: WCT
Filing Date: 2025-12-02
Form Type: F-1
Source: 0001213900-25-116978
Chunk: 82

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-02
Form: F-1
Chunk 82
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wholly owned by Mr. Shek Kin Pong, for a consideration of $1.00, and Wellchange Cayman became wholly owned by Power Smart.

On August 28, 2023, Wellchange Cayman entered
into a reorganization agreement with Mr. Shek Kin Pong, Victory Hero, Wching HK, and Power Smart, pursuant to which Mr. Shek
Kin Pong sold his entire equity interest in Wching HK to Victory Hero, in exchange for an allotment and issuance of 889 Ordinary
Shares of Wellchange Cayman to Power Smart.

After completing the Reorganization, Wching HK
became indirectly wholly owned Wellchange Cayman, through the intermediate holding company, Victory Hero.

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Pre-IPO Investment

On August 30, 2023, pursuant to a subscription
agreement, Wellchange Cayman allotted and issued to Ocean Serene Holdings Limited (“Ocean Serene”), Paramount Fortune Capital
Limited (“Paramount Fortune”), and Prestige Leader Success Limited (“Prestige Leader”), respectively:

| (i) | 45 Ordinary Shares to Ocean Serene, representing 4.5%                                                  
 of the total issued share capital of Wellchange Cayman, for a consideration of HK$777,273 (US$99,724); |

| (ii) | 35 Ordinary Shares to Paramount Fortune, representing                                                           
 3.5% of the total issued share capital of Wellchange Cayman, for a consideration of HK$604,545 (US$77,563); and |

| (iii) | 30 Ordinary Shares to Prestige Leader, representing                                                         
 3.0% of the total issued share capital of Wellchange Cayman, for a consideration of HK$518,182 (US$66,483). |

The allotment and issuance of the respective Ordinary
Shares were completed on August 30, 2023.

Forward Split of our Ordinary Shares

On January 26, 2024, we undertook a 4,000-for-1 forward
split of our ordinary shares approved by our existing shareholders and board of directors. As a result, our authorized share capital is
US$50,000 divided into 200,000,000 Ordinary Shares, par value US$0.00025, and the ordinary shares issued and outstanding increased
from 1,000 to 4,000,000. Wellchange Cayman was 89% (representing 3