Company: WCT
Filing Date: 2025-12-05
Form Type: 424B3
Source: 0001213900-25-118563
Chunk: 18

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-05
Form: 424B3
Chunk 18
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 customers and suppliers are located in Mainland China. We
currently do not have or intend to set up any subsidiary in Mainland China or do not foresee the need to enter any contractual arrangements
with a VIE to establish a VIE structure in Mainland China. As of the date of this prospectus, we and our Hong Kong subsidiary have
received all requisite licenses, permissions, or approvals from Hong Kong and the Cayman authorities needed to engage in the businesses
currently conducted in Hong Kong and the Cayman Islands, and no permission or approval has been denied.

Hong Kong is a special administrative region
of the PRC and the basic policies of the PRC regarding Hong Kong are reflected in the Basic Law, which serves as Hong Kong’s
constitution. Pursuant to the Basic Law, which is a national law of the PRC and the constitutional document for Hong Kong, national
laws of the PRC shall not be applied in Hong Kong except for those listed in Annex III of the Basic Law and applied locally
by promulgation or local legislation. The Basic Law expressly provides that the national laws of the PRC, which may be listed in Annex III
of the Basic Law shall be confined to those relating to defense and foreign affairs as well as other matters outside the autonomy of Hong Kong.
The basic policies of the PRC regarding Hong Kong as a special administrative region of the PRC are reflected in the Basic Law, providing
Hong Kong with a high degree of autonomy and executive, legislative and independent judicial powers, including that of final adjudication
under the principle of “one country, two systems.”

In light of China’s recent expansion of
authority in Hong Kong, there are risks and uncertainties which we cannot foresee for the time being, and rules, regulations and
the enforcement of laws in China can change quickly with little or no advance notice. If there is a significant change to current political
arrangements between Mainland China and Hong Kong, we may be subject to uncertainty about any future actions of the PRC government
or authorities in Hong Kong, and it is possible that all the legal and operational risks associated with being based in and having
operations in the PRC may also apply to operations in Hong Kong in the future. There is no assurance that there will not be any changes
in the economic, political and legal environment in Hong Kong in the future. 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