Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 73

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 6
Chunk 73
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 incentive  

  selecting compensation consultants, legal counsel or other                                                        

  programs or similar arrangements, annual bonuses, employee  

Nominating and Corporate Governance Committee. Our
nominating and corporate governance committee consists of Mr. Lau Yun Chau, Mr. Chu Chi Hong, and Ms. Bai Yang. Ms. Bai Yang
is the chairperson of our nominating and corporate governance committee. Mr. Lau Yun Chau, Mr. Chu Chi Hong, and Ms. Bai Yang
satisfy the “independence” requirements of Section 5605(a)(2) of the Nasdaq Listing Rules and Rule 10A-3 under
the Securities Exchange Act. The nominating and corporate governance committee assists the board of directors in selecting individuals
qualified to become our directors and in determining the composition of the board and its committees. The nominating and corporate governance
committee is responsible for, among other things:

  identifying and recommending nominees for election or re-election  

  reviewing annually with our board of directors its current                                                               

  identifying and recommending to our board the directors to  

  advising the board periodically with respect to significant                                                                              

  monitoring compliance with our code of business conduct and                                                

6. D. Employees

As of December 31, 2022, 2023 and 2024, and the date of this annual
report, Wching HK had 7, 7 and 7 employees, respectively. As of the date of this annual report, Wching HK had 7 employees. All
of Wching HK’s employees are stationed in Hong Kong. All of our employees are employed under employment contracts that set
out fully, among other things, the employees’ responsibilities, remuneration, and grounds for termination of employment. The remuneration
packages of our employees include salary and bonus. Generally, employee salaries are determined based on the employees’ qualifications,
experience, position, and seniority. We assess our employee remuneration on an annual basis to determine whether any bonus or salary adjustments
are required to be made. Overall, we believe that our remuneration package is competitive in the market.

We believe we maintain good working relationships
with our employees and do not foresee any difficulties in the recruitment and retention of experienced staff. As of the date of this annual
report and during the fiscal years ended December 31, 2022, 2023 and 2024, there was no interruption to our operations as a result
of labor disputes.

6. E. Share