Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 61

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 4A
Chunk 61
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 our business, our management expects to satisfy the cash flow needs through (i) maintaining stable relationships with banks
in order to renew the bank borrowings upon maturity or to arrange for additional banking facilities for use when necessary; (ii) maintaining
stable cash inflows and avoiding breaching any debt covenants attached in the existing bank borrowings which has original maturity of
eight years; (iii) closely monitoring the collection status of accounts receivable and actively following up with our customers
for settlements; (iv) diversifying and broadening our customer base to avoid reliance on particular customers and to expand our sources
of revenue and cash flow; (v) effectively managing accounts payable and negotiating for longer credit periods from suppliers, when
necessary; (vi) obtaining financial support from our Controlling Shareholder and investors to meet short-term operating expenses;
and (vii) continuing to focusing on improving operational efficiency and cost reductions and enhancing efficiency.

The Company believes that, taking into consideration
the present available banking facilities and internal financial resources we have, including the current levels of cash and cash flows
from operations, and the measures mentioned above, will be sufficient to meet its anticipated cash needs for at least the next twelve months
from the date of this report.

Commitments

Operating lease commitment as a lessee

The maturity analysis of the Company’s undiscounted
non-cancellable operating lease obligations as of December 31, 2024 is as follows:

                                                                      Operating  
                                                                            US$  
  Year ending December 31, 2025                                          94,208  
  Year ending December 31, 2026                                          78,507  
  Total undiscounted lease obligations                                  172,715  
  Less: imputed interest                                                 (4,992  
  Lease liabilities recognized in the consolidated balance sheet        167,723  

The maturity analysis of the Company’s undiscounted
non-cancellable operating lease obligations as of December 31, 2023 is as follows:

                                                                      Operating              
                                                                      US$                    
  Year ending December 31, 2024                                                      85,760  
  Total undiscounted lease obligations                                               85,760  
  Less: imputed interest                                                               (877  
  Lease liabilities recognized in the consolidated balance sheet                     84,883  

Capital commitments

As of December 31, 2022, 2023 and 2024, our
Group did not have any capital commitments.

Capital Expenditure

Historical capital expenditures

Our capital expenditures during
the