Company: WCT
Filing Date: 2025-12-02
Form Type: F-1
Source: 0001213900-25-116978
Chunk: 50

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-02
Form: F-1
Chunk 50
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 required
to obtain such permissions or approvals in the future in connection with the listing or continued listing of our securities on a stock
exchange outside of the PRC, it is uncertain how long it will take for us to obtain such approval, and, even if we obtain such approval,
the approval could be rescinded. Any failure to obtain or a delay in obtaining the necessary permissions from the PRC authorities to conduct
offerings or list outside of the PRC may subject us to sanctions imposed by the CSRC, CAC, or other PRC regulatory authorities. It could
include fines and penalties, proceedings against us, and other forms of sanctions, and our ability to conduct our business, invest in
Mainland China as foreign investments or accept foreign investments, ability to offer or continue to offer Class A Ordinary Shares to
investors or list on the U.S. or other overseas exchange may be restricted, and the value of our Class A Ordinary Shares may significantly
decline or be worthless, our business, reputation, financial condition, and results of operations may be materially and adversely affected.
The CSRC, the CAC, or other PRC regulatory agencies also may take actions requiring us, or making it advisable for us, to halt this offering
before settlement and delivery of our Class A Ordinary Shares. In addition, if the CSRC, the CAC, or other regulatory PRC agencies later
promulgate new rules requiring that we obtain their approvals for this offering, we may be unable to obtain a waiver of such approval
requirements, if and when procedures are established to obtain such a waiver. Any uncertainties and/or negative publicity regarding such
an approval requirement could have a material adverse effect on the trading price of our securities.

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Although we and our subsidiaries are not based in Mainland China and we have no operations in Mainland China, the PRC government may intervene or influence our current and future operations in Hong Kong at any time, or may exert more control over offerings conducted overseas and/or foreign investment in issuers like ourselves. It may result in a material adverse change in our operations, significantly limit or completely hinder our ability to offer or continue to offer securities to investors and cause the value of our securities to significantly decline or become worthless, which would materially affect the interests of the investors.

As one of the conditions for the handover of the
sovereignty of Hong Kong to China, China accepted conditions such as Hong Kong’s Basic Law, which is a national law of