Company: WCT
Filing Date: 2025-12-02
Form Type: F-1
Source: 0001213900-25-116978
Chunk: 43

Company: Wellchange Holdings Co Ltd
Filing Date: 2025-12-02
Form: F-1
Chunk 43
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 will not be subsequently denied
or rescinded.

The PRC government may intervene or influence
our operations or may exert control over offerings conducted overseas and foreign investment in Hong Kong-based issuers, which may
result in a material change in our operations and/or the value of our Class A Ordinary Shares. For example, there is currently no restriction
or limitation under the laws of Hong Kong on the conversion of HK dollar into foreign currencies and the transfer of currencies out
of Hong Kong and the laws and regulations of the PRC on currency conversion control do not currently have any material impact on
the transfer of cash between the ultimate holding company and the Operating Subsidiary in Hong Kong. However, the Chinese government
may, in the future, impose restrictions or limitations on our ability to move money out of Hong Kong to distribute earnings and pay
dividends to and from the other entities within our organization or to reinvest in our business outside of Hong Kong. Such restrictions
and limitations, if imposed in the future, may delay or hinder the expansion of our business to outside of Hong Kong and may affect
our ability to receive funds from our Operating Subsidiary in Hong Kong. The promulgation of new laws or regulations, or the new
interpretation of existing laws and regulations, in each case, that restrict or otherwise unfavorably impact the ability or way we conduct
our business, could require us to change certain aspects of our business to ensure compliance, which could decrease demand for our services,
reduce revenues, increase costs, require us to obtain more licenses, permits, approvals or certificates, or subject us to additional liabilities.
To the extent any new or more stringent measures are required to be implemented, our business, financial condition and results of operations
could be adversely affected and such measured could materially decrease the value of our Class A Ordinary Shares, potentially rendering
it worthless.

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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 other obligations regarding data security in relation to offerings that are conducted overseas, and any failure to comply with applicable laws and obligations could have a material and adverse effect on our business, financial condition and results of operations and may hinder our ability to offer or continue to offer Class A Ordinary Shares to investors and cause the value