Company: WCT
Filing Date: 2025-12-02
Form Type: F-1
Source: 0001213900-25-116978
Chunk: 6

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-02
Form: F-1
Chunk 6
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because of a position taken by one or more authorities in the PRC or Hong Kong. Our current auditor, SR CPA & CO., is also
an independent registered public accounting firm registered with the PCAOB and subject to PCAOB inspections. SR CPA & CO. is
headquartered in Hong Kong and, as of the date of this prospectus, is not subject to the determinations announced by the PCAOB on
December 16, 2021, relating to the PCAOB’s inability to inspect or investigate completely registered public accounting firms
headquartered in Mainland China or Hong Kong due to positions taken by one or more authorities in the PRC or Hong Kong.

On August 26, 2022, the SEC issued a statement
announcing that the PCAOB signed a Statement of Protocol with the CSRC and the Ministry of Finance of the PRC, governing inspections and
investigations of audit firms based in Mainland China and Hong Kong. Pursuant to the Statement of Protocol, the PCAOB has independent
discretion to select any issuer audits for inspection or investigation and has unfettered ability to transfer information to the SEC. However,
uncertainties still exist whether this new framework will be fully complied with. On December 15, 2022, the PCAOB Board determined
that the PCAOB was able to secure complete access to inspect and investigate registered public accounting firms headquartered in Mainland
China and Hong Kong and voted to vacate its previous determinations to the contrary. However, should PRC authorities obstruct or
otherwise fail to facilitate the PCAOB’s access in the future, the PCAOB Board will consider the need to issue a new determination.
On December 29, 2022, the Accelerating Holding Foreign Companies Accountable Act was enacted, which amended the HFCAA by requiring
the SEC to prohibit an issuer’s securities from trading on any U.S. stock exchanges if its auditor is not subject to PCAOB
inspections for two consecutive years instead of three. See “Risk Factors — Risks Related to Our Class A Ordinary Shares and This Offering — Our Class A Ordinary Shares may be prohibited from being traded on a national exchange under the Holding Foreign Companies Accountable Act if the PCAOB is unable to inspect our auditors. The delisting of our Class A Ordinary Shares, or the threat of their being delisted, may materially and adversely affect the value of your investment. Furthermore, on June 22, 2021, the U.S. Senate passed the Accelerating Holding Foreign