Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 70

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 6
Chunk 70
---
, he worked as the Senior Risk Manager at the Consumer Business Risk Department of Citibank (Hong Kong) Limited.
From September 2005 to October 2016, Mr. Ng worked as an Indp’t Model Review Manager at Hong Kong and Shanghai
Banking Corporation Limited. Mr. Ng obtained his Master of Business Administration degree from The Hong Kong University of Science
and Technology in 2018 and his Bachelor of Science degree from The University of British Columbia in 2006.

Family Relationships

None of the directors or executive officers have
a family relationship as defined in Item 401 of Regulation S-K.

6. B. Compensation

Summary Compensation Table

The following table sets forth certain information
with respect to compensation for the years ended December 31, 2023 and 2024 earned by or paid to our chief executive officer, chief
financial officer, chief technology officer, and each director of the Company (the “named executive officers”).

  Name and Principal       Year/      Salary                            
  Position                period      (US$)                             
  Shek Kin Pong             2023      $           124,919      124,919  
  CEO                       2024      $                                 
  Au Ho Chi                 2023      $            63,609       63,609  
  CFO                       2024      $                                 
  Tang Chi Hin              2023      $            58,117       58,117  
  CTO                       2024      $                                 
 ────────────────────────────────────────────────────────────────────────

Agreements with Named Executive Officers

We have entered into employment agreements with
our executive officers. Each of our executive officers is employed for a specified time period, which will be renewed upon both parties’
agreement thirty days before the end of the current employment term. Each employment agreement provides that we may terminate the
employment for cause, at any time, without notice or remuneration, for certain acts of the executive officer, including but not limited
to the commitments of any serious or persistent breach or non-observance of the terms and conditions of the employment, conviction of
a criminal offense, willful disobedience of a lawful and reasonable order, fraud or dishonesty, receipt of bribery, or severe neglect
of his or her duties. An executive officer may terminate his or her employment at any time with a one-month prior written notice. Pursuant
to the terms of the employment agreements, each executive officer has