Company: WCT
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044576
Chunk: 90

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-05-16
Form: 20-F
Item: Item 10
Chunk 90
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 the name of the company to challenge actions where:

  a company acts or proposes to act illegally or ultra vires;  

  the act complained of, although not ultra vires, could only                                         

  those who control the company are perpetrating a “fraud  

Indemnification of Directors and Executive
Officers and Limitation of Liability

Cayman Islands law does not limit the extent to
which a company’s memorandum and articles of association may provide for indemnification of officers and directors, except to the
extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification
against civil fraud or the consequences of committing a crime. Our Memorandum and Articles of Association provide that, every director
(including any alternate director), secretary, assistant secretary, or other officer for the time being and from time to time of the Company
(but not including the Company’s auditors) and the personal representatives of the same (each an “Indemnified Person”)
shall be indemnified and secured harmless against all actions, proceedings, costs, charges, expenses, losses, damages or liabilities incurred
or sustained by such Indemnified Person, other than by reason of such Indemnified Person’s own dishonesty, willful default or fraud,
in or about the conduct of the Company’s business or affairs (including as a result of any mistake of judgment) or in the execution
or discharge of his duties, powers, authorities or discretions, including without prejudice to the generality of the foregoing, any costs,
expenses, losses or liabilities incurred by such Indemnified Person in defending (whether successfully or otherwise) any civil proceedings
concerning the Company or its affairs in any court whether in the Cayman Islands or elsewhere.

This standard of conduct is generally the same
as permitted under the Delaware General Corporation Act for a Delaware corporation. In addition, we intend to enter into indemnification
agreements with our directors and senior executive officers that will provide such persons with additional indemnification beyond that
provided in our Memorandum and Articles of Association. Insofar as indemnification for liabilities arising under the Securities Act may
be permitted to our directors, officers or persons controlling us under the foregoing provisions, we have been informed that, in the opinion
of the SEC, such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

Directors’ Fiduciary Duties

Under Delaware corporate