Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 17

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 4
Chunk 17
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 as a centralized repository for storing and managing customer information, including contact details, communication history, transactions, and preferences. It allows users...  

  ix.      Sales Management      The Sales Management module provides comprehensive support for various aspects of sales operations, including the precise calculation of salesperson commissions, goal setting, sales target mana...  
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  x.       File Management       The File Management module is a secure and user-friendly file management solution that simplifies internal and external management, promotes efficient workflows, and reduces paper consumption. ...  

Following are the four key benefits that our MR. CLOUD
could bring to our customers:

  Security. Regular service provider                                                                                                      

  Upgrade. Customers can acquire                                                                                                   

  Flexible. Considering SaaS                                                                                                       
  is a cloud-based software delivery mechanism, customers may access the system’s features from any location using a web browser.  
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  Lower up-front cost. While                                                                                                                    
  the service provider distributes SaaS, businesses may get software services without spending more money on purchasing hardware or recruiting  
  extra IT specialists.                                                                                                                         
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For the years ended December 31, 2022, 2023 and 2024, revenue
generated from the sale of provision subscription services accounted for approximately 3.8%, 11.8% and 19.1% of our total revenue, respectively.

White label software

We provide self-developed software as white label
software to corporate customers. White label software is unbranded software, onto which our customers add their own branding and then
resell access to the software as if they developed it. Similar to our customized software services, our customers are able to customize
white-label software/applications and integrate custom features into the default white-label applications and software per their needs.
Rich of years of on-market experience, proprietary software technology, and expertise accumulated from serving SMBs in various industry
verticals and business sections, and our reputation and quality of services in the market, we are recognized by several major players
in the IT industry. For the years ended December 31, 2022, 2023 and 2024, we have completed three