Company: WCT
Filing Date: 2025-12-02
Form Type: F-1
Source: 0001213900-25-116978
Chunk: 26

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-02
Form: F-1
Chunk 26
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 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if we obtain such approval, the approval could be rescinded.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 continue to 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. Consequently,
if you engage in market trading or other activities in anticipation of and prior to settlement and delivery, you do so at the risk that
settlement and delivery may not occur. 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. See “Risk Factors — Risks Related to Doing Business in Hong Kong — If the PRC government chooses to extend the oversight and control over offerings that are conducted overseas and/or foreign investment in Mainland China-based issuers to Hong Kong-based issuers, such action may significantly limit or completely hinder our ability to offer or continue to offer Class A Ordinary Shares to investors and cause the value of our Class A Ordinary Shares to significantly decline or be worthless” On page 22, and “There remain significant uncertainties as to whether we will be required to obtain approvals from Chinese authorities to offer and continue to offer securities on U.S exchanges, and if required, we cannot assure you that we will be able to obtain such approval. We may become subject to a variety of PRC laws and