Company: WCT
Filing Date: 2025-12-05
Form Type: 424B3
Source: 0001213900-25-118563
Chunk: 39

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-05
Form: 424B3
Chunk 39
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land China. Pursuant to the Basic Law of the
Hong Kong Special Administrative Region of the People’s Republic of China (“Basic Law”), national laws of Mainland
China do not apply in Hong Kong unless they are listed in Annex III of the Basic Law and applied locally by promulgation or
local legislation. National laws that may be listed in Annex III are currently limited under the Basic Law to those which fall within
the scope of defense and foreign affairs as well as other matters outside the limits of the autonomy of Hong Kong. National laws
and regulations relating to data protection, cybersecurity and anti-monopoly have not been listed in Annex III and so do not apply
directly to Hong Kong.

However, due to long-arm provisions under the
current PRC laws and regulations, there remains regulatory and legal uncertainty with respect to the implementation of laws and regulations
of Mainland China to Hong Kong. As a result, there is no guarantee that the PRC government may not choose to implement the laws of
Mainland China to Hong Kong and exercise significant direct influence and discretion over the operation of our Operating Subsidiary
in the future, and it will not have a material adverse impact on our business, financial condition and results of operations, due to changes
in laws, political arrangement, or other unforeseeable reasons.

In the event that our Hong Kong Operating
Subsidiary is to become subject to the laws and regulations of Mainland China, the legal and operational risks associated with Mainland
China may also apply to our operations in Hong Kong, and we face the risks and uncertainties associated with the legal system in
the Mainland China, complex and evolving PRC laws and regulation, and as to whether and how the recent PRC government statements and regulatory
developments, such as those relating to data and cyberspace security and anti-monopoly concerns, would be applicable to companies like
our Operating Subsidiary and us, given the substantial operations of our Operating Subsidiary in Hong Kong and the Chinese government
may exercise significant oversight over the conduct of business in Hong Kong.

The laws and regulations in Mainland China are
evolving, and their enactment timetable, interpretation, enforcement, and implementation involve significant uncertainties and may change
quickly with little advance notice, along with the risk that the PRC government may intervene or influence our Operating Subsidiary’s
operations at any time could result in a material change in our operations and/or the value of our securities. Moreover, there